financial results

The Ningbo Boway Alloy Materials Company has announced plans to expand its TOPCon cell manufacturing capacity in the US by 2GW.

Sungrow released its 2023 annual report and Q1 2024 report, which saw its market valuation surpass that of rival LONGi.

On 23 April, JinkoSolar released its 2023 annual performance report, posting PV module shipments of 78.52GW throughout the year.

Spanish utility Iberdrola posted increased profits and earnings before interest, taxes, depreciation and amortisation (EBITDA) in Q1 2024.

The accelerated ramp out of Maxeon 6 module capacity has resulted in higher than initially planned restructuring costs during the fourth quarter of 2023.

Voltalia has reported earnings before interest, taxation, depreciation and amortisation (EBITDA) of €241.1 million (US$259 million) in 2023.

Solar manufacturer JinkoSolar has ended 2023 with 78.5GW of solar modules shipped, up 76.4% year-over-year.

FTC Solar has published its financial results for the fourth quarter of 2023, which includes revenue of US$23.2 million.

Altus Power has published its financial results for 2023, which include full-year revenues of US$155.2 million, a 53% increase over 2022.

US distributed solar asset owner Spruce Power posted decreased revenues and EBITDA in Q4 2023, totalling US$15.7 million and US$9.9 million respectively.