SunPower revenues fall short of expectations
How do you say “Its all your fault” in Italian? A waiting game that played out in Italy as the government revised its solar subsidies was mainly to blame for SunPowers first-quarter net loss and generated sales that fell short of its expectation, the company said Thursday.
PV module manufactures need more mutual cooperation and exchange
Smaller photovoltaic module manufacturers need to foster greater cooperation and exchange more information if they are to survive in the global marketplace. That was the outcome of a workshop held in Berlin, Germany yesterday.
Canadian Solar posts positive YOY results; sees sequential declines
Performing more positively than many of its peers, Canadian Solar has posted positive quarter one figures, with year-on-year shipments, revenue, gross profit, gross margin and operating profit all increasing. In line with industry trends, however, figures are slightly down from the fourth quarter of 2010.
Q-Cells suffers sizeable Q1 losses
Falling foul to stagnating quarter one photovoltaic module demand, Q-Cells has reported a “significant” year-on-year sales drop. In response, it has adjusted the production of its cells and modules, and abandoned its guidance. But, while it believes it will recover in the second quarter, the analysts are less certain.
Conergy: First quarter sales increase; falling operating profits
Conergy has bucked the trend to post increased first quarter 2011 sales. However, its operating profits have taken a tumble.
SolarWorld on a US roll
Going against the grain, SolarWorld has experienced a lucrative first quarter, having seen increases in its shipments, revenue and EBIT. The company attributes its success to its U.S. business activities.
S.A.G. Solarstrom goes abroad to drive profit
International expansion and risk diversification have helped S.A.G. Solarstrom AG post strong first quarter figures including a 152 percent rise in sales, despite the overall uncertainty of the photovoltaics market.
Phoenix Solar to focus on rooftop PV after significant Q1 losses
Phoenix Solar has suffered significant revenue losses in the first quarter of 2011, with year-on-year figures falling 60 percent from 80.4 million to 32.4 million. There is belief the company will now focus more on the photovoltaics rooftop sector.
True cost of nuclear examined in new study
The German Renewable Energy Federation (BEE) has presented a study involving possible costs in the event that Germany abandons the use of nuclear energy.
Yingli also affected by slowing PV module market
Another casualty of the slowing photovoltaic module market, Yingli Green Energy Holding Company Limited has revised its first quarter shipping guidance downwards. The company has also lowered its gross margin expectations.
