financial results

Major Chinese solar manufacturer JinkoSolar has posted increased sequential shipments and revenues in its Q2 2024 results.

Daqo New Energy's polysilicon average selling price dropped from US$7.66/kg in Q1 2024 to US$5.12/kg in Q2 2024, while its average production cost sat at US$6.19/kg.

Net revenues for the quarter (for both CSI Solar and Recurrent Energy, the manufacturing and project development businesses) were US$1.6 billion, a 23% increase from US$1.3 billion in Q1.

Emeren has announced its financial results for the second quarter of this year, which include revenue of US$30.1 million.

SMA Solar has published its latest financial results, reporting sales of €759.3 million (US$829.4 million) in the first half of the year.

At the same time, the company said that US trade laws and tax credits had created some uncertainty in the solar project market.

Israel-headquartered solar inverter supplier SolarEdge has reported a quarterly decline in shipments in the second quarter of 2024 with 873MW.

This is the second acquisition in a little bit over a month for Nextracker after the acquisition of US-based solar foundation company Ojjo.

US firm Sunnova has reported reduced losses in the second quarter of 2024, with losses falling to US$79.7 million.

Wacker Polysilicon generated €232 million in sales from April through June 2024, down from €513 million in the same period 2023.