quarterly results

Quarterly reports from China’s big-five PV module producers highlight the challenges PV manufacturers face in maintaining profitability.

After a steep decline in inverter shipments in the last quarter of 2023, Solaredge has started the first quarter of 2024 with an increase to 946MW.

Chinese module manufacturer GCL System Integration Technology (GCL SI) has shipped 16.42GW of solar module capacity in 2023.

Solar manufacturer JinkoSolar has ended 2023 with 78.5GW of solar modules shipped, up 76.4% year-over-year.

US solar tracker manufacturer Nextracker has seen high deliveries in its US business with a 70% year-on-year increase in the third quarter of its fiscal year 2024, driving 38% quarterly revenue growth.

Norwegian independent power producer (IPP) Scatec has posted a weakened financial results for the third quarter of 2023, with year-on-year power production and profit dropping by 7.8% and 71.6% respectively.

Solar Module Super League (SMSL) member JinkoSolar shipped 21.3GW of solar modules and 1.2GW of cells and wafers in Q3 2023, an increase of 21.4% sequentially and 108.2% year-on-year (YoY).

Solar Module Super League (SMSL) member Canadian Solar has lowered its 2023 revenue guidance primarily due to rapid decline in solar module prices in Q2.

ReNew Energy Global has published results for the first quarter of its 2024 financial year, which include profits of US$36 million.

Emeren published its financial results for the first quarter of the year, posting total revenues of US$12.9 million.