Struggling China-based solar PV manufacturer Yingli Green Energy has confirmed its own low expectations for its third quarter, reporting lackluster revenue and shipments, and an operating loss of $34 million. Unsurprisingly, the company also lowered its shipping guidance for the full year 2016.
China-based struggling solar manufacturer Yingli Green Energy, also known as Yingli Solar, has confirmed the anticipated lull in the solar industry it predicted back in the second quarter.
Chinese-based solar manufacturer Trina Solar reported its third quarter earnings this week, well-and-truly missing their own shipping and revenue guidance for the quarter, but beating market analysts’ expectations.
Canadian-based solar PV manufacturer Canadian Solar has reported a lackluster third quarter, joining its North American brethren in what has been a tough year for solar companies in the region, forcing the company to revised downwards its full-year guidance, and seeing its shares tumble.
Chinese solar PV manufacturer Jinko Solar announced its third quarter earnings this week, and though shipments and revenue were down slightly over the second quarter, the company is nevertheless confident of a strong 2016, raising full-year shipping guidance.
Global and leading US solar PV supplier First Solar saw its shares tank nearly 20% after the company slashed its expected sales for the full-year 2016, and reported third quarter net sales down nearly $250 million from the prior quarter.
One of America’s leading solar energy companies, SunPower, has taken a hard hit on the back of a subdued 2016, Donald Trump’s presidency, and a “significant near term market dislocation” causing the company to slash 2016 guidance and initiate cost cutting plans for 2017.
Spanish wind energy giant Gamesa has continued its exceedingly strong 2016 with a third quarter of increased profit, improving 2016 guidance, as the company’s shareholders vote unanimously to approve the merger with Siemens Wind Power.
In the company’s second quarter as a publicly listed company, Danish energy giant DONG Energy confirmed its long-rumored intentions to divest itself of its Oil & Gas division, amidst third quarter earnings which saw earnings increase by 7%.
One of America’s leading solar developers Vivint Solar reported slight improvements in its business this week when it published its third quarter financial results, with a slight bump in revenue and continued improvements in the cost-per-watt of its products.
