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.
Vivint Solar, one of the United States’ leading residential solar installers, announced its Fourth Quarter And Full Year 2017 financial results this week, and though the company missed the low end of its shipping guidance, it nevertheless fulfilled its goals of increasing revenue.
Despite missing earnings expectations, leading US solar installer Sunrun posted relatively strong Fourth Quarter and Full Year 2017 financial results and boasted that it had surpassed rival Tesla as the leading US residential market installer.
US-based solar manufacturer First Solar announced its Fourth Quarter and Full Year 2017 financial results late last week and it was a mixed bag of results, beating earnings expectations but missing on revenue while taking a multi-million dollar hit due to US tax reform.
SolarEdge Technologies posted yet another strong quarter last week, revealing continued increased revenue and finishing the Full Year 2017 with revenue up 24% over the previous year, sending its stocks soaring nearly 25%.
California-based world-leading solar manufacturer SunPower reported tepid results in its Fourth Quarter and Full Year 2017 results last week, with revenues down 35% year-over-year and First Quarter and Full Year 2018 revenues well below expectations due to the impact of Donald Trump’s 30% solar import tariff.
Ørsted, the company formerly known as DONG Energy, has reported strong financial growth in 2017 with increased profits and plans to expand into solar and energy storage, continuing the company’s transformation from traditional energy company into renewable energy behemoth.
GE announced its fourth quarter and full-year 2017 results this week, and its renewable energy division GE Renewable Energy highlighted its own performance, including a total of $10.4 billion worth of orders and $10.3 billion of sales.
Siemens Gamesa Renewable Energy announced on Monday that it plans to cut 6,000 jobs amidst its continuing restructuring program and weak fourth-quarter earnings, with revenues falling 12% year-over-year.
