financial results

Solar inverter producer SolarEdge's revenue in the third quarter of 2023 is expected to be about 20% lower than consensus due to cancellations and pushouts of existing backlog from European distributors.

The net income of JinkoSolar subsidiary Jiangxi Jinko has reached RMB6.54 billion (US$894.1 million) in the first nine months of 2023.

Solar manufacturer Maxeon Solar Technologies' shipments in the third quarter could drop by about 23% quarter-on-quarter to only 622MW due to a reduced shipments to a US customer and a drop in demand in the global distributed generation (DG) market.

Voltalia has published its financial results for the first half of 2023, which include a 44% growth in turnover in energy sales.

Soltec has published its financial results for the first half of the year, in which the company posted revenues of €184.5 million.

Module manufacturing major Risen Energy has posted strong revenue for the first half of the year, with RMB17.6 billion (US$2.4 billion).

JA Solar has published its financial results for the first half of 2023, which include shipments of 23.95GW of modules.

Trina Solar has published its results for H1 2023, reporting revenues of US$7.13 billion and shipments of 27GW of its 210mm Vertex modules.

Chinese solar manufacturer Tongwei has planned to invest RMB20 billion (US$2.7 billion) in its Leshan project, in the Chinese province of Sichuan, to expand ingot pulling, slicing and cell production capacity, so as to accelerate the establishment of “China’s Green Silicon Valley”.

Solar Module Super League (SMSL) member Canadian Solar has lowered its 2023 revenue guidance primarily due to rapid decline in solar module prices in Q2.