financial results

SMA Solar sold 20.5GW of inverters in 2023, up from 12.2GW in 2022. EBITDA increased to €311 million in 2023 from €70 million in 2022.

US cadmium telluride (CdTe) thin-film module manufacturer First Solar has increased its manufacturing capacity in 2023 by 6.8GW, most of which from its Series 7.

Array Technologies has published its financial results for 2023, reporting total revenue of US$1.58 billion in the year.

US energy utility AES has posted an improved financial results for 2023 as it narrowed its yearly losses to US$182 million.

Sunrun has published its 2023 financial results, which include 1.01GW of new solar capacity installed across the company’s operations.

SolarEdge's shipments declined sharply as it only shipped 901MWac of inverters in Q4 2023, down by 76.5% from 3,841MWac in Q3 2023.

SunPower has posted a lowered customer growth for four quarters in a row and a net loss of US$247 million for FY2023.

Module-level power electronics supplier Tigo Energy expects its losses will continue in the first quarter of 2024, according to its latest financial result announcement.

Enphase Energy has published its financial results for the fourth quarter of 2023, which includes quarterly revenues of US$302.5 million.

GCL System Integration (GCL SI) has released preliminary results for its fiscal year ended in 2023 with revenue increasing between 85.6%-109% year-on-year as it continues ramping up its n-type module and solar cell capacity.