financial results

Canadian Solar has recorded a 1% quarter-on-quarter increase in revenues in the fourth quarter of 2024, while year-end profits have fallen.

SMA Solar posted preliminary net losses of €117.7 million (US$126 million) in 2024—down from €225.7 million in income last year.

Array Technologies expects that 100% of its trackers will be eligible for domestic content benefits n the first half of 2025.

Iberdrola invested a record €12 billion into its operations in 2024, which yielded a 31% increase in operational solar capacity.

As storage capacity installation grew in double digits during Q4 2024, added solar PV grew by 6% year-on-year to 242MW in Q4 2024.

The decline reflects the broad trend across the solar manufacturing industry, where severe downward pressure on prices—brought about by an excess of product supply—has squeezed manufacturers' margins and pushed some into the red.

Daqo New Energy posted losses of US$65.3 million in the fourth quarter of 2024, and end-of-year losses of US$212.9 million.

First Solar has launched a lawsuit against JinkoSolar for alleged infringement of a tunnel oxide passivated contact (TOPCon) cell patent.

Scatec has registered a consolidated revenue of NOK1.15 billion for the last quarter of 2024, down from the same period a year prior.

Nextracker has published its 2024 financial results, which include revenue of US$679 million in the quarter ending 31 December 2024.