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SolarWorld registers 42% Q1 revenue increase Y/Y, but losses widen to EUR 20 million
Germany’s SolarWorld posts EUR 212.63 revenue for the first quarter of 2016, but losses widen year-over-year to EUR 20.8 million. U.S. demand fuels large shipment increase.
Sol Voltaics raises USD17 million for cell efficiency nanotech
Sol Voltaics has received $17 million in C funding round. In 2017, Swedish startup will start pilot production of its nanowire technology that can potentially increase solar cell efficiency by up to 70%.
Yingli defaults on $270m loan, actively steps up restructuring process
Debt worries mount for Chinese solar manufacturer as it misses payments of RMB 1.76 billion due today; issues statement saying it is stepping up ways to generate cash flow.
Manz AGs energy storage segment drives growth in Q1
German hi-tech equipment manufacturer Manz AG posted promising first quarter financial results, as revenues rise 19.5%, mainly driven by a significant increase in its energy storage segment.
Sunrun reports strong growth in Q1 results
While the third-party solar company was hit in Q1 by changes to net metering policies in several states, the companys results showed strong growth and positive trends.
SunEdison yieldcos TerraForm Power & TerraForm Global granted financial report extension
TerraForm Power and TerraForm Global, the yieldcos of bankrupt renewable energy company SunEdison, have struck a pact to extend the deadline for filing their annual report.
Canadian Solar earnings slip 63% sequentially in Q1, beats expectations for quarter
The Chinese solar firm achieved net income of $22.6 million in the first quarter, down by 63% on Q4 2015, but $721.4 million revenue beat Q1 guidance, which ranged between $645 million and $695 million.
Delayed Yingli financials reveal 2015 net loss of $864 million, debts of $1.8bn
The Chinese solar giant saw its operating expenses increase to 54.3% due to severe impairment losses on property, plant and equipment; revenue and module shipments also down Y/Y.
SPI to raise US$58 million through private placement
The move follows a delay in the Chinese solar developers annual results and a shift in directors, less than four months after its IPO.
SolarEdge strengthens again with 45% Q3 revenue increase year-over-year
Israeli inverter and power optimizer specialist achieves $125.2 million in revenue for the fiscal third quarter, with 416 MW of inverters shipped and GAAP gross margin of 32.5%.
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