Chinese solar PV manufacturing giant JinkoSolar smashed its previous annual solar module shipping record in 2018, increasing by 16% from 9.8 gigawatts (GW) shipped in 2017 to 11.4 GW shipped in 2018, and the company is ramping up production to ship between 14 GW and 15 GW in 2019.
Vivint Solar, one of the United States’ leading residential solar providers, struggled to the end of 2018 according to its recently-released Fourth Quarter and Full Year 2018 financial results, published last week, with a lackluster fourth quarter which missed numerous financial metrics.
The largest residential solar, storage, and energy services provider in the United States, Sunrun, finished 2018 by posting another record-breaking quarter which saw the company install 115 megawatts (MW), bringing the company’s yearly installation total up to 373 MW.
US-based solar manufacturer First Solar announced its Fourth Quarter and Full Year 2018 financial results last week, revealing steady quarterly revenue which nevertheless missed the market consensus, and annual revenue which was down 24% on the previous year, revealing underlying concerns even as the company ramps up its Series 6 manufacturing.
Israeli smart energy technology company SolarEdge published its Fourth Quarter and Full Year 2018 financial results this week revealing another record revenue quarter and increasing full-year revenue by 54% even as the company expands beyond its roots as a solar manufacturer into battery and EV charging.
Silicon Valley solar manufacturer SunPower published its Fourth Quarter and Fiscal Year 2018 financial results last week revealing relatively mixed results across the board, showing quarterly growth but well down on yearly metrics and falling well below market consensus.
Danish wind turbine manufacturer Vestas published its third quarter earnings on Wednesday, reporting a steady quarter with solid, but not spectacular results across the board, including on-par revenues and solid order intake, setting up for what some analysts expect to be a pressure-filled fourth quarter.
Siemens Gamesa Renewable Energy published its financial earnings for its fourth quarter and full-year 2018 this week, revealing successful growth across the business and revenues in line with previously offered guidance, which resulted in the company’s shares jumping 12%.
Chinese solar PV manufacturer JinkoSolar reported last week that it hit its mammoth 2017 module shipments target, but investors were unimpressed with falling profits and gross margins, sinking the company’s shares by nearly 10%.
Canadian Solar, one of the world’s leading solar power companies, announced this week that it shipped a record high 6,828 megawatts worth of solar products in 2017 in its guidance-beating Fourth Quarter and Full Year 2017 financial report.
