financial results

US domestic solar company SunPower has lowed its FY2023 guidance due to reduced consumer demand, delayed revenue recognition from longer cycle times, and a net loss of more than US$30 million in the third quarter this year.

Sunrun has published its financial results for the third quarter of this year, which include the installation of 258.2MW of new solar capacity.

Class action lawsuits have been filed against US domestic solar company SunPower, amidst allegations that company misled investors by failing to disclose that it had inaccurately reported the cost of revenue and inventory metrics.

First Solar has reached a module backlog of 81.8GW, which it expects to extend into 2030, as of the third quarter of 2023.

Decreasing polysilicon average selling price (ASP) has reduced by a third China-based polysilicon manufacturer Daqo New Energy’s revenue in the third quarter of 2023.

Voltalia has published its financial results for the third quarter of this year, which include a turnover of €126.2 million.

US residential solar installer Sunnova's new customer addition slightly dropped to over 37,000 in the third quarter this year, while its net loss in the same quarter increased to US$56.5 million year-on-year.

Spanish utility Iberdrola has added 500MW of solar PV in the third quarter of 2023, most of which in Spain.

Nextracker has published its financial results for the third quarter of the year, headlined by revenue of US$573 million.

Of this 3.2GW, 1,485MW were solar PV installations. In addition, just over 1GW of new projects were placed into service since Q2.