financial results

NextEra Energy has reported better-than-expected financial results for Q3 2022 despite the damage wrought by hurricane Ian as it continued to buildout its renewable energy pipeline and seeks to take advantage of the Inflation Reduction Act (IRA).

US thin-film manufacturer First Solar recorded an operating loss of US$68 million in Q3 2022, which it put down to ongoing supply chain disruptions.

Solar Module Super League (SMSL) member JA Solar achieved an operating revenue of RMB49.323 billion (US$6.8 billion) in the first three quarters on 2022, a year-on-year increase of 89%, according to the company’s financial results released yesterday.  

Major polysilicon producer Daqo Clean Energy has reported strong financial results for Q3 2022 as the demand for its solar grade polysilicon remains strong and it continues to land large supply contracts.

Residential solar installer Sunnova more than doubled its revenue in the third quarter of 2022, while its net loss increased as well.

Iberdrola has recorded strong performances from its international assets, mainly the US and Brazil, driving its net profit up in Q1-Q3 2022.

Developer Mytilineos' renewables and storage department has recorded its best ever sales quarter in Q3 at the same time as posting strong numbers for the first three quarters of the year.

Tesla’s Q3 2022 solar PV deployment increased 13% year-on-year to 94MW as its battery storage system additions reached a quarterly high.

Solar project developer and asset owner Photon Energy Group saw its revenue soar last quarter thanks to elevated power prices in Europe.

Leading polysilicon manufacturer Tongwei Solar is expecting its revenue for the first nine months of 2022 to soar as a result of strong demand for silicon products and its expanded production capacity.