financial results

The Pomerantz Law Firm has brought a class action lawsuit against Singapore-headquartered solar manufacturer Maxeon Solar Technologies concerning whether “Maxeon and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.”

Maxeon Solar Technologies posted net losses of US$14.87 million in its Q1 2024 financial results. It also announced that its future utility-scale solar business will be “focused exclusively on the US”.

Quarterly reports from China’s big-five PV module producers highlight the challenges PV manufacturers face in maintaining profitability.

Tigo Energy has published its financial results for the first quarter of 2024, which include revenues of US$9.8 million.

Nextracker's backlog has posted the financial results for Q4 2024 and FY 2024, with backlog increasing by more than 50%.

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.