Inverter manufacturer SolarEdge benefited from high demand for its products in Europe to increase revenues to a quarterly record while navigating a shortage of electronic components.
US thin-film manufacturer First Solar recorded a US$43.3 million loss in its Q1 2022 mostly caused by a drop in sales, with the company expecting a “challenging 2022 from an earning standpoint” given ongoing supply chain constraints.
US residential solar installer Sunnova continues to reduce its net loss in the first quarter of 2022, despite increasing its revenue due to a higher demand of additional energy services.
Microinverter supplier Enphase Energy sidestepped ongoing global logistics challenges in the opening quarter of 2022 to post record quarterly revenues.
Tesla CEO Elon Musk said he expects the company to address component shortages that limited the progress of its solar business in the first quarter of 2021, as installs decreased 48% year-on-year.
Solar EPC company iSun more than doubled its revenue year-on-year in 2021, driven in part by the execution of its commercial and industrial (C&I) PV project backlog.
Solar tracker provider Array Technologies is expecting to bounce back from a 2021 beset by supply chain challenges and project delays, as its order book reaches a new high and becomes more geographically diverse.
SMA Solar Technology’s sales for 2021 came in below prior expectations for the year as the inverter supplier was impacted by a shortage of electronic chips – a headwind it expects to persist in the coming months.
French renewables company Voltalia’s financial performance last year was boosted by the growth of its project development, construction and equipment procurement segment, as the company heightened its focus on developing solar PV.
The foundation of a “transformed Maxeon Solar Technologies” is nearly in place, according to the company’s CEO, after it addressed its logistical failures, experienced strong demand for its products and landed a supply contract with US residential installer SunPower.
