PV balance of system (BOS) solutions provider Shoals Technologies posted an increased adjusted EBITDA in the first quarter of 2023, while the company expected yearly revenue of up to US$510 million.
SEIA, WoodMac point at robust utility-scale segment as they predict 33% year-on-year jump in PV additions, with residential still expected to take major hit from pandemic in 2020 and 2021.
The French developer's solar business has grown 69% in the first nine months of 2019, generating nearly €90 million of revenue, while wind revenue has fallen.
The developer – which posted a revenue boost, a net income drop and a "record" number of projects awarded in the third quarter of 2019 – says it is on track to meet its full-year guidance.
Shares of residential solar company Sunrun fell nearly 10% in trading yesterday after news broke of the investigation by the US Securities and Exchange Commission (SEC) on whether the company adequately disclosed how many customers had cancelled contracts.
The participation of venture capital (VC) investors seems to have cooled, while project funding has conversely seen a sharp rise, in the latest quarterly report into funding and mergers and acquisitions from Mercom Capital.
