Global leading Chinese solar PV manufacturer JinkoSolar has confirmed this week it intends to ship between 11.5 and 12 gigawatts (GW) worth of solar modules in 2018, despite also reporting first-quarter earnings down 20.9% year-over-year.
The leading US residential solar installer Sunrun earlier this month announced its first-quarter earnings which, despite revealing the company’s deployments were down 7% for the quarter, nevertheless reported that revenue was up by an impressive 36%.
Canadian Solar, one of the world’s leading solar power companies, announced its first-quarter earnings last week, beating its own guidance for shipments and revenue, but provided significantly weaker guidance for its second-quarter revenue.
During the first quarter of the year, Britain’s wind farms produced more electricity than ever before and promptly surpassed the amount of electricity generated by the country’s nuclear fleet, similarly for the first time ever.
South Korean solar manufacturer Hanwha Q CELLS announced its latest quarterly earnings this week, revealing that the company returned to profitability in the first quarter of 2018 after a net loss in the previous quarter, but tempered the news by downgrading its 2018 shipping guidance.
Israeli-based solar PV inverter manufacturer SolarEdge has this week reported yet another blockbuster quarter with increased revenue, gross margin, and record shipments, at the same time as the company begins to expand beyond the solar market with moves into the energy storage and grid services & virtual power plant sectors.
Vivint Solar, one of the United States’ leading residential solar installers, announced its first-quarter earnings this week, posting lackluster growth and a larger-than-expected net loss, causing the company’s shares to tumble until investors took notice of California’s new building regulations mandating solar on all new residential buildings from 2020 onwards.
Shanghai-based solar manufacturer JA Solar reported long-delayed Fourth Quarter and Fiscal Year 2017 Results late last month, reporting record shipments of 7,143.1 megawatts (MW) for the full year, an increase of over 55% while revenue increased by over 25%.
Leading US solar manufacturer First Solar published its first-quarter earnings report late last month, depicting a strong start to the year with increased sales of $567 million and the commencement of Series 6 module production in April which, in turn, led to the company’s announcement of a new solar manufacturing plant in Perrysburg, Ohio.
Danish wind energy giant Vestas announced its first-quarter earnings last week, with slight declines across the board due to strong headwinds and comparisons to an unusually strong first quarter in 2017.
