Covid-19 weekly round-up: Updates shed light on tough second quarter for solar industry firms
But Israeli inverter company Solaredge and Indian engineering, procurement and construction services provider Sterling and Wilson have both offered hope of a recovery in Europe as Chinese glass producer Xinyi said it kept the furnaces going throughout the worst of the pandemic.
SolarEdge up 12% after hours on second-quarter revenue and solid earnings – despite Covid-19
The inverter and energy storage company was able to maintain its streak of profitable quarters in what was expected to be a hard period for solar and the Israeli business said it sees “signs of recovery in the U.S.”
The weekend read: Made in Israel
A reformed electricity market, officials who are supportive of PV’s new competitive position, and growing renewable energy ambitions are driving significant growth in Israel’s solar market this year. And with its homegrown hero in the background, solutions for the country to become a clean energy leader could already be in place.
Covid-19 weekly briefing: US residents ponder solar during lockdown, Aussie installers wonder what might have been and the Indian EV industry calls for help
Plus, Italian developers continue to dig deep for their health service, the pandemic piles on problems for a debt-saddled Chinese company and analysts consider whether there will be any money left for a green economic recovery after the dust settles.
SolarEdge braced for Covid-19-related dip in record revenues
The Israeli inverter maker again posted a robust set of quarterly figures but is anticipating a dip in performance during the current three-month window as pandemic-driven lockdowns take effect in its markets.
No show, no problem: solar industry solutions to canceled events
In light of the slew of trade shows and industry events canceled over the Covid-19 pandemic, solar companies and industry leaders have moved online, with virtual presentations, information sessions, and product debuts to get you through quarantine.
Enphase posts strong Q4 and massive 2019
The company is profitable and recording enormous jumps in revenue. All signs point to a strong 2020 for residential solar – which could keep the momentum going.
SolarEdge figures tick all the boxes for investors
Lack of flannel in the latest quarterly and full-year filing indicates the Israeli inverter maker is happy the figures speak for themselves. The company is in an expansionary mode as it enters the energy storage and electrical vehicle markets with cash from its financial warchest.
Batteries under solar modules just like microinverters and optimizers
Texan start-up Yotta Energy has a potential solution for residential solar-plus-storage. Will the micro-storage company become the next SolarEdge or Enphase or suffer the fate of JLM Energy? And whatever happened to SolPad?
The year in solar, part IV: More storage and hydrogen advances as solar just kept getting cheaper
Battery innovations started to come thick and fast this quarter as the hunt for alternatives to lithium-ion intensified and the latest slew of solar tenders indicated the relentless pressure on solar power generation costs was showing no sign of abating.
