financial results

US solar installer Sunrun has added 239.8MW of PV capacity in Q1 2023, exceeding its high-end guidance and is on track to reach 1GW in 2023.

German chemical group Wacker Chemie has started the first quarter of 2023 with lower polysilicon sales volume.

Chinese PV manufacturer Risen Energy saw significant profit and revenue growth in 2022 as the company looked to expand its module production capacity and develop new technologies.

Jinko Solar has posted an improved financial result for the first quarter of 2023, as its net income attributable to ordinary shareholders increased by 18.6% quarter-on-quarter.

German utility RWE has reported an improved financial result in the latest quarter but the adjusted EBITDA of onshore wind and solar decreased by more than 20%.

Thin-film module manufacturer First Solar has reached a module backlog of 71.6GW and sold all its allocated US capacity through 2026.

Lower average selling price (ASP) and polysilicon volume sales have dented the revenue of Daqo New Energy in the opening quarter of 2023.

US residential solar installer Sunnova posted an improved adjusted EBITDA of US$14.6 million in the first quarter of 2023, while it is expecting a year-on-year increase of up to 114% in its adjusted EBITDA this year.

Spanish utility Iberdrola has already begun construction or entered into operation 60% of its new capacity investments by 2025 at the end of the first quarter of 2023.

Microinverter supplier Enphase Energy is expected to ship 100MWh of batteries in the current quarter with the gross margin reaching more than 40%, while its net income in the first quarter of 2023 increased by 183.4% year-on-year.