financial results

The decline reflects the broad trend across the solar manufacturing industry, where severe downward pressure on prices—brought about by an excess of product supply—has squeezed manufacturers' margins and pushed some into the red.

Daqo New Energy posted losses of US$65.3 million in the fourth quarter of 2024, and end-of-year losses of US$212.9 million.

First Solar has launched a lawsuit against JinkoSolar for alleged infringement of a tunnel oxide passivated contact (TOPCon) cell patent.

Scatec has registered a consolidated revenue of NOK1.15 billion for the last quarter of 2024, down from the same period a year prior.

Nextracker has published its 2024 financial results, which include revenue of US$679 million in the quarter ending 31 December 2024.

NextEra Energy Resources subsidiary Florida Power and Light commissioned 2.2GW of new solar capacity in 2024.

FTC Solar has posted its financial results for the third quarter of the year, which include revenues of US$10.1 million.

In Q3 2024, Sunrun added 230MW of solar PV capacity and 336MWh of storage, both a double-digit increase from the previous quarter.

US solar tracker manufacturer Array Technologies has posted US$231 million in revenues and adjusted EBITDA of US$46.7 million in its Q3 2024 financial results.

Scatec has published its latest financial results, which include revenues of NOK2.97 billion (US$270 million) in the third quarter of 2024.