Array Technologies’ profits plummeted 65% amid high material and logistical costs as the solar tracker supplier claimed it was experiencing a margin "trough", weighed down by legacy orders signed at low prices.
US solar tracker supplier Array Technologies is to acquire Spanish tracker manufacturer Soluciones Técnicas Integrales Norland (STI Norland) in an acquisition that the Array said will create “the largest tracker company in the world”
Module pricing volatility is set to remain until at least Q2 2022, with numerous developers and distributors telling PV Tech Premium that prices are expected to remain as high as US$0.32c/W in the near term at least.
US residential solar company Sunnova Energy and home security firm Brinks Home have entered into an exclusive partnership that will allow Brinks Home dealers to offer its customers Sunnova’s portfolio of products, and vice versa, in the second such arrangement this week
US-based solar tracker manufacturer FTC Solar has again downgraded financial forecasts, reducing its Q4 revenue expectations amidst PV project pushbacks in the US.
The US Department of Commerce has rejected a petition calling for an extension of anti-dumping and countervailing duties (AD/CVD) across Southeast Asia, citing the ongoing anonymity of the petitioners.
Solar developer R.Power Group is expanding its presence in its home country of Poland through the acquisition of Poland-based PV equipment wholesaler Menlo Electric
Solar inverter manufacturer SMA Solar Technology has increased its net income by more than 66% for the first nine months of the year compared with last year as its management board reaffirms its previously downwards adjusted sales and earnings guidance of for 2021
Solar balance of system (BOS) solutions provider Shoals Technologies saw its Q3 revenues increase 14% year-over-year, but said this rise was less than expected as some customers changed product specifications or delayed shipments due to supply chain issues.
The UN’s climate agency (CMA) has called for an acceleration of climate finance, an end to fossil fuel subsidies and for governments to commit to greater emissions reduction by next year in its first draft of an agreement for COP26.
