financial results

FTC Solar has announced its financial results for the first quarter of 2024, which include revenue of US$12.6 million.

In the first quarter of the year, Array Technologies' revenue was only US$153.4 million, down from US$341.6 million in Q4 2023.

After a steep decline in inverter shipments in the last quarter of 2023, Solaredge has started the first quarter of 2024 with an increase to 946MW.

US residential solar and storage company Sunrun has narrowed its net loss for the first quarter of 2024, but its solar capacity additions continued to drop for four quarters in a row.

Risen Energy has published its financial results for 2023, led by revenues of RMB35.3 billion (US$4.9 billion), a 20.2% year-on-year increase.

SMA Solar has published its financial results for the first quarter of the year, which include falling sales in the home and C&I sectors.

Adani Green Energy has published its results for the 2024 financial year, which include a 33% growth in revenue from power generation.

Sunnova's new customer additions continued to drop in the first quarter in 2024, but its adjusted EBITDA increased by over 200%.

Of the total production volume, the company’s Series 6 modules accounted for 2.4GW, with the remaining production being the Series 7 modules. 

Chinese module manufacturer GCL System Integration Technology (GCL SI) has shipped 16.42GW of solar module capacity in 2023.