International solar PV systems integrator Phoenix Solar has lowered its full-year revenue guidance a second time but added a profit warning as delays in project approvals increase due to the US ITC ‘Section 201’ trade case creating market uncertainty.
Previously, Phoenix Solar had guided full-year revenue in 2017 to be in the range of €140 million to €170 million, with a negative EBIT in the range of €1 million to €2 million after warning of certain delays in projects.
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However, the Section 201 case has further impacted expectations for the year and forced the company to revise revenue guidance for 2017 to a range of €90 million to €110 million and a negative EBIT in a range of €10 million to €8 million.