financial results

Solar tracker supplier Nextracker has reported a 19% rise in year-on-year revenues for Q2 2023 (Q1  financial year (FY) 2024), to US$479.5 million.

US residential solar installer Sunnova has recorded a reduced adjusted EBITDA year-on-year of US$28.1 million for the second quarter of 2023 although its revenue increased by 13.2%.

Spanish utility Iberdrola has added 500MW of solar capacity during the second quarter of 2023, bringing the total to nearly 5GW.

SunPower has released its preliminary financial results for the second quarter of this year, which include a net loss of US$30 million.

Florida-headquartered NextEra Energy has recorded a net income of US$2,795 million in Q2 2023 as both its renewables development and utility generation arms posted strong results.  

Tesla’s Q2 2023 solar PV deployment decreased 38% year-on-year to 66MW as its battery storage system additions was met with a slight decrease from the previous quarter.

Chinese module manufacturer GCL System Integration (GCL SI) has estimated its preliminary net profit for the first half of 2023 to be around RMB100-120 million (US$14-16.7 million), up 160.6-219.9% from the same period last year.

Axpo has published its financial results for the first half of the 2022/23 financial year, reporting "exceptional" income and earnings.

Emeren published its financial results for the first quarter of the year, posting total revenues of US$12.9 million.

Canadian Solar has shipped 6.1GW of solar modules in the first quarter of 2023, a 66% increase over the same period a year earlier.