Having already guided expected GAAP net losses of US$145-195 million for 2020, high-performance PV manufacturer, SunPower is planning to make operating cuts to save around US$50 million, due to ongoing impact of COVID-19 and has withdrawn previous financial guidance for the year.
With the spin-off of most of its solar cell and PV module manufacturing operations to new entity Maxeon Solar Technologies (MXT) expected in Q2 2019, SunPower shed new light on the planned capacity expansions of the new offspring in its fourth quarter earnings call.
The US-headquartered high-efficiency solar panel maker is to spin off most of its manufacturing operations into a separate public listed entity, Maxeon Solar, which will include monocrystalline silicon wafer producer, Tianjin Zhonghuan Semiconductor (TZS) as an investor.
PV Tech has been covering analysis of R&D expenditures of PV manufacturers for over a decade. This blog anticipates some of the key trends set to be fully revealed in the forthcoming edition of technical journal Photovoltaics International.
With the major US residential solar installers (Sunrun, SunPower, Vivint Solar and Tesla) having recently reporting second quarter 2019 financial results, PV Tech takes a closer look at the business and market dynamics shaping up in 2019.
This article continues our series of features introducing new methodology that allows leading PV module producers to be categorised, ranked and short-listed by manufacturing and financial strength metrics; ultimately providing an investor-risk (or bankability) profile of PV module suppliers for non-residential end-market selection.
The PV industry is undergoing rapid technology changes that have been driven by the well documented, swift adoption of monocrystalline wafers. Less well understood is that, within this wafer technology transition comes a shift to larger wafer sizes and this includes p-type and n-type mono-Si wafers.
Monocrystalline silicon wafer producer, Tianjin Zhonghuan Semiconductor (TZS) is continuing to expand wafer capacity and implement Industry 4.0 strategies as supply remains tight as the solar industry migrates to p-Type and n-Type technologies in 2019.
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.
US-headquartered high-efficiency solar panel manufacturer SunPower Corp recently held its ‘Capital Markets Day’ event that indicated a slow turnaround in its business fortunes would be a key development in 2019.
A key challenge for a company that has undergone several major restructurings in recent years has been the lack of profitability.