Chinese solar manufacturer Jinko Solar has posted another strong financial quarter with year-over-year shipping and revenue increases and an increase to its full-year 2017 shipping guidance, solidifying its market leadership this year.
Shanghai-based solar cell manufacturer JA Solar missed wide on its third-quarter earnings and shipments experiencing a significant decrease compared to the previous quarter, causing shares to plummet.
The once ballyhooed yieldcos of now-bankrupt SunEdison, TerraForm Power and TerraForm Global, published their third-quarter earnings earlier this month to mixed response, with lackluster revenue for the quarter leading to both companies posting sharemarket losses.
Israel-based solar manufacturer SolarEdge announced its third-quarter earnings last week and it was yet another record quarter, with revenue up to an impressive $166.6 million, making investors very happy.
One of the world’s largest solar manufacturers, Canadian Solar, published its third quarter financial results reporting solar shipments and net revenue well above the company’s own guidance, but net income was well down on estimates causing the company’s shares to drop 12%.
Leading wind turbine manufacturer Vestas has seen its shares plummet nearly 20% on the back of a poor third quarter financial report which saw revenue and earnings decrease and the company cut its 2017 profit margin guidance.
One of America’s leading residential solar installers, Sunrun, posted yet another strong quarter, this week announcing that it had beat expectations and deployed 90 MW and taken in total revenue of $141.3 million for the third quarter of 2017.
US residential solar installer Vivint Solar has reported yet another solid quarter this week, revealing installations and revenue remained relatively unchanged from previous quarters in its continued efforts to bounce back after a torturous 2016.
SunPower, one of the world’s leading solar manufacturers, has this week seen its shares jump 15% on the back of its third-quarter earnings report in which the company reported increased revenue of $477.2 million.
American solar PV manufacturer First Solar saw its shares jump 20% on the back of strong third quarter financial results which saw the company report net sales of $1.1 billion, an increase of $464 million over the second quarter.
