financial results

It lost US$4.11 million in terms of adjusted EBITDA, improving from losing US$26.2 million in 2021.

Solar technology and renewable energy company Canadian Solar posted a nearly 152% increase in net income last year, while its solar project development pipeline increased.

JinkoSolar has finished 2022 with 44.5GW of solar modules shipped globally and expects to have 60% of all shipments in 2023 from its n-type products.

Inverter supplier SMA Solar Technology has published provisional financial results for 2022 which show significant improvements in EBITDA and net income compared with 2021.

Solar module supplier Maxeon Solar Technologies’ has forecast to register positive adjusted EBITDA in the first quarter of 2023.

US solar tracker supplier Array Technologies expects to finish 2022 with a revenue of US$1.62-US$1.64 billion, an organic growth of nearly 50% from 2021.

FTC Solar narrowed its loss in Q4 2022 and is expecting improvement in operation this year thanks to the recovery in the US market.

Higher polysilicon average selling prices (ASP) have led polysilicon producer Daqo New Energy to register a record US$4.6 billion in revenue in 2022.

PV balance of system (BOS) solutions provider Shoals Technologies is expected to continue its growth this year thanks to the increased demand for its new products, while its adjusted EBITDA in 2022 increased by more than 47.8% year-on-year, according to the latest financial results.

Solar tracker manufacturer Soltec posted net profits of €13.1 million (US$13.9 million) for the year 2022, a €14 million increase on 2021 which saw a €1.2 million loss for the company.