Struggling US solar company Vivint Solar has reported better than expected financial results for the second quarter, resulting in renewed investor confidence. Vivint Solar published its second quarter 2016 financial results this week, and though there wasn’t a lot of overall growth, for a company in Vivint Solar’s position, anything … [continued]
SunPower, one of the United States’ leading non-residential solar installers, has dropped a massive bombshell as it revealed a massive reduction in its 2016 guidance and announced a 15% cut to its workforce, resulting in 1,200 jobs being shunted out the front door. According to SunPower president and CEO Tom … [continued]
The leading US solar developer SolarCity posted a $250 million net loss in the second quarter of 2016, despite exceeding installation guidance for the quarter. SolarCity published its second quarter earnings this week to shareholders, highlighting what good news it could in its Shareholders Letter. However, nothing could hide the … [continued]
In its first financial earnings report since its wildly successful IPO, Danish wind energy giant DONG Energy reported mixed results, with a rise in profits but a drop in sales. DONG Energy, following the long-anticipation of its initial public offering, launched the most successful IPO of the year-to-date, and saw … [continued]
The United States’ largest solar PV manufacturer reported better than expected sales and profit this week as it published its second quarter financial results. First Solar announced on Wednesday net sales of $934 million, an $86 million increase on the first quarter of 2016, and a $38,164 increase on the … [continued]
Spanish wind energy giant Gamesa has continued its strong performance this year with a 42% increase on net profit, and record revenues, orders, and returns. Gamesa reported €138 million in net profit for the first half of the year, up 42% on the same period a year earlier. The company also … [continued]
