Solar developer ReneSola Power is looking to expand into further European markets after slowdowns in the US and China contributed to a revenue collapse in its opening quarter.
Maxeon Solar Technologies saw its gross loss widen in Q1 2022 despite outlook-beating revenue after the sale of excess polysilicon at a loss dragged on its performance.
US solar EPC company iSun doubled its Q1 revenue year-on-year but has lowered its 2022 guidance as a result of module procurement challenges within its utility-scale unit.
Inverter supplier SMA Solar Technology continues to be affected by considerable challenges in connection with the tight electronic supply of electronic components.
solar tracker manufacturer FTC Solar has withdrawn its guidance for the year and warned of material uncertainties caused by the US AD/CVD investigation.
EDP Renewables (EDPR) added a total of 465MW of wind and solar capacity in Q1 2022, mainly due to its acquisition of Singaporean developer Sunseap, while it recorded a net profit of €66 million (US$69.8 million), up 75% on the previous year.
US residential solar installer SunPower’s backlog soared to a record 13,800 customers entering Q2 2022 with the installer confirming a series of investments it is making to meet surging demand.
German conglomerate BayWa benefited from high demand for solar modules during the first quarter of 2022, with its revenues bolstered by the sale of an operational PV plant in the US.
A breakdown of leading US solar installer Sunrun's financial results for Q1 2022 when it added 29,463 customers, with management now expecting installed solar capacity to be 25% or greater for the full year 2022.
