Chinese solar PV manufacturing giant JinkoSolar smashed its previous annual solar module shipping record in 2018, increasing by 16% from 9.8 gigawatts (GW) shipped in 2017 to 11.4 GW shipped in 2018, and the company is ramping up production to ship between 14 GW and 15 GW in 2019.
Canadian Solar, one of the world’s leading solar manufacturers, saw its shares plunge 20% last week after the company announced that it expects its net profit for 2019 to be lower than in 2018, despite better than expected fourth-quarter earnings and yearly shipments in line with guidance and past performance.
Vivint Solar, one of the United States’ leading residential solar providers, struggled to the end of 2018 according to its recently-released Fourth Quarter and Full Year 2018 financial results, published last week, with a lackluster fourth quarter which missed numerous financial metrics.
The largest residential solar, storage, and energy services provider in the United States, Sunrun, finished 2018 by posting another record-breaking quarter which saw the company install 115 megawatts (MW), bringing the company’s yearly installation total up to 373 MW.
Israeli smart energy technology company SolarEdge published its Fourth Quarter and Full Year 2018 financial results this week revealing another record revenue quarter and increasing full-year revenue by 54% even as the company expands beyond its roots as a solar manufacturer into battery and EV charging.
Silicon Valley solar manufacturer SunPower published its Fourth Quarter and Fiscal Year 2018 financial results last week revealing relatively mixed results across the board, showing quarterly growth but well down on yearly metrics and falling well below market consensus.
Siemens Gamesa Renewable Energy published its financial earnings for its fourth quarter and full-year 2018 this week, revealing successful growth across the business and revenues in line with previously offered guidance, which resulted in the company’s shares jumping 12%.
