The solar sector’s Q2 results season showed that, for the most part, the pandemic’s impact on deployment in the US was restricted to early in the quarter, helping many companies post better-than-expected performance in Q2. But as Liam Stoker suggests, COVID-19’s tail could be longer than anticipated.
ROTH Capital Partners has told investors that the recent outbreak of the Coronavirus in China is likely to impact the solar industry supply chain, due to extended work stoppage in eight provinces, many being key solar manufacturing hubs, through February 9th.
Leading microinverter supplier, Enphase Energy continued its turnaround with a significant spike in third quarter revenue and shipments as supply issues were reduced, yet the company lost sales in key international markets such as Europe and Asia that are expected to continue through the end of the year.
PV microinverter specialist, Enphase Energy reported a second consecutive quarter of a meaningful recovery in its shipments and revenue, due to the return of customers as its financial health continues to improve.
PV inverter manufacturer, Sungrow Power Supply Co had the most incredible revenue generation in the fourth quarter of 2018 that surpasses anything any PV company has ever experienced. The problem of course is why?