Aleo Solar revises revenue forecast downwards
Aleo Solar AG has decreased its 2011 revenue forecast due to the current weak demand. International revenues have, however, more than doubled.
ReneSola records shaky second quarter
Announcing its second quarter 2011 results, ReneSola has withdrawn its full year guidance. Overall, shipments were down from the first quarter, but represented an increase on the previous year. Financial performance didnt fare so well.
SunPower to open Mexican plant
American module and system manufacturer SunPower has announced that it will open a new plant in Mexico. It will produce the SunPower E18, E19 and E20 modules and the SunPower T5 Solar Roof Tile system.
Solar energy even without the sun
A new technology emerging from the United States of America could provide solar energy 24 hours per day even without constant sunlight through improvements to heat storage capabilities.
US: Falling prices, strong incentives and policies boost PV growth
Market analysts Solarbuzz have reported that despite the slow domestic economy, photovoltaics in the U.S. continues to expand with the market doubling in 2011.
California leading US solar industry
According to IHS iSuppli, the U.S. state of California is to continue its solar lead in the country in terms of installed capacity, with predictions that 7.5 gigawatts (GW) will be added there between 2010 and 2015.
Chinese manufacturers winners under Chinas FIT
Mondays announcement that China is to introduce a national photovoltaic feed-in tariff (FIT) scheme was received well by many in the industry. However, analyst opinion is that the Chinese tier-one manufacturers stand to gain the most.
First Solar Q2 sales and profits decline
First Solar has announced its quarter two (Q2) 2011 results, revealing sales of US$533 million, a decline of $34,5 million, or six percent, from quarter one (Q1) 2011. Sales were also down on six-month figures from 2010, by almost $56 million. Gross profits for the quarter also fell by $89,396 million from 2010. Profit decline from the first six-months of this year was $111,777.
US: 150 MW expansion of Copper Mountain solar complex
Californian utility Pacific Gas and Electric Company (PG&E) has announced that it has entered into a deal with Sempra Generation for a 150 megawatt (MW) expansion of the vast Copper Mountain photovoltaic complex in the state of Nevada. The project will utilize First Solar ground mounted thin-film modules.
GT Solar reports record gross margin and revenue growth
Photovoltaic manufacturing equipment and materials supplier GT Solar has reported strong revenue, gross margin and earnings per share growth, in its first quarter (Q1) report for the fiscal year 2012. The company has also reiterated its fiscal 2012 guidance in the range of $1 billion to $1.1 billion and raised its gross margin guidance by one percentage point to 43 percent to 45 percent.
