Chinese solar PV manufacturing giant Jinko Solar announced its first quarter 2019 financial results last week, which revealed the company’s first-quarter shipments jumped 50.7%, leading in part to a decision to again expand its manufacturing capacity.
Canadian Solar, one of the world’s largest solar manufacturers, published its first quarter earnings results last week, revealing a narrower-than-expected net loss and increased guidance for the second quarter, resulting in strong moves on the stock market.
Danish wind energy manufacturing giant Vestas Wind Systems A/S published its first quarter earnings earlier this month, revealing slumping profit and minimal revenue growth despite a record first quarter order intake and an all-time high order backlog.
Silicon Valley solar manufacturer SunPower announced a first quarter net loss of nearly $90 million earlier this month amid restructuring costs and an operating loss of $117 million, but the company looks to be trending towards profitability as it focuses on distributed solar and storage.
Israeli smart energy technology company SolarEdge published its first quarter 2019 earnings earlier this month and again showed record growth for the quarter thanks to strong demand in Europe.
US-based solar manufacturer First Solar announced its first-quarter earnings earlier this month revealing a heavy net-loss and missing earnings expectations due primarily to its US and Japanese Engineering, Procurement and Construction (EPC) business, leading the company to announce a planned restructuring.
Danish energy group Ørsted published its first quarter earnings on May 1, announcing profits slightly down compared to the same quarter a year earlier, but were reassured by continued increase from its offshore and onshore wind energy assets.
Siemens Gamesa Renewable Energy became the world’s first wind turbine manufacturer to receive an investment grade rating this week, a day before the company announced it had recorded a 7% increase in revenue for its second quarter.
The largest residential solar, storage, and energy services provider in the United States, Sunrun, trounced former US residential solar leader Tesla across the first quarter of 2019, installing 86 megawatts (MW) compared to only 47 MW, in a financial quarter which could best be described middling.
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.
