MoU will support the financing and development of large-scale energy transition projects in India and globally NEW DELHI / May 15, 2024 / Business Wire / ReNew, India’s leading renewable energy company (NASDAQ: RNW), today announced that it has signed a Memorandum of Understanding (MoU) with Societe Generale, to support the financing and development of the Company’s various strategic energy transition projects... Read more
Achieves Record Revenue and Profits First U.S. Solar Company to Achieve 100 Gigawatts Global Shipment Milestone FREMONT, Calif. / May 14, 2024 / Business Wire / Nextracker (Nasdaq: NXT), a global market leader of intelligent solar tracker and software solutions, today announced financial results for the fourth quarter and fiscal year ended March 31, 2024. Full FY2024 Financial Highlights Revenue $2.5... Read more
CAMPBELL, Calif. / May 14, 2024 / Business Wire / Tigo Energy, Inc. ("Tigo," or the "Company") (NASDAQ: TYGO), a leading provider of intelligent solar and energy storage solutions, today reported unaudited financial results for the first quarter ended March 31, 2024 and financial guidance for the second quarter ending June 30, 2024. Recent Financial and Operational Highlights Quarterly revenue of $9.8... Read more
$50.4 million in Revenue for the nine month period $5.5 million of Net Income for the nine month period or $0.20 per share (undiluted) Update revenue guidance of $56 million to $61 million for the full fiscal year ended June 30, 2024 TORONTO, May 14, 2024 /CNW/ - SolarBank Corporation (Nasdaq: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") reports third quarter 2024 interim financial... Read more
MUNICH, May 13, 2024 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, announced today that it has delivered its Tiger Neo modules to a Solar Power Plant in Lobstädt, Germany (The Witznitz Solar Park). The Witznitz Solar Park adds up to 650 MW module capacity in total. JinkoSolar has delivered... Read more
TORONTO and KNOXVILLE, Tenn., May 13, 2024 (GLOBE NEWSWIRE) -- Solar Alliance Energy Inc. (‘Solar Alliance’ or the ‘Company’) (TSX-V: SOLR, OTC: SAENF), a leading solar energy solutions provider focused on the commercial and utility solar sectors, is pleased to announce several contract signings that have contributed to a backlog of contracted projects exceeding $2.3 million and provide an update on its... Read more
First quarter revenue of $12.6 million Company remains focused on purchase orders, operational efficiencies, quality and customer service Total backlog now stands at $1.8 billion Continue to expect to achieve quarterly profitability in 2024 AUSTIN, Texas, May 10, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software and engineering services, today... Read more
Our first FDRE PPA signed with SJVN for RE development of ~1 GW 15.6 GW RE portfolio is one of the largest globally GURGAON, India / May 09, 2024 / Business Wire / ReNew, India’s leading renewable energy company (NASDAQ: RNW), has announced the signing of five Power Purchase Agreements (PPAs) totaling ~2.2 GW of RE capacity, significantly expanding its fully contracted renewable energy portfolio. ReNew’s... Read more
Signed agreements with Clearway Group to commit to invest in 55 MW of wind and 257 MW of solar plus storage projects Entered into new Resource Adequacy Contracts for Marsh Landing and Walnut Creek Reaffirming 2024 financial guidance Increasing the quarterly dividend by 1.7% to $0.4102 per share in the second quarter of 2024, or $1.64 per share annualized Continue to target annual dividend per share growth in... Read more
First Quarter 2024 Highlights Revenue of $153.4 million Gross Margin of 35.9% Adjusted gross margin of 38.3%(1) Net loss to common shareholders of $11.3 million Adjusted EBITDA(1) of $26.2 million Basic and diluted net loss per share of $0.07 Adjusted diluted net income per share(1) of $0.06 ALBUQUERQUE, N.M., May 09, 2024 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”),... Read more
GUELPH, ON, May 9, 2024 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced financial results for the first quarter ended March 31, 2024. Highlights Solar module shipments of 6.3 GW, in line with guidance of 6.1 GW to 6.4 GW. Net revenues of $1.3 billion, in line with guidance of $1.2 billion to $1.4 billion. 19.0% gross margin, at the high end of... Read more
First Quarter Financial Highlights First quarter 2024 revenues of $40.7 million, a 38% increase as compared to first quarter 2023 GAAP net income of $4.1 million for first quarter 2024, an increase as compared to $3.8 million for first quarter 2023 Adjusted EBITDA* of $19.7 million for first quarter 2024, or a 23% increase as compared with first quarter 2023 Recent Business Highlights Added ~4,000... Read more
First Quarter 2024: Revenue down 40% from Q1 2023 Gross profit down 40% from Q1 2023 Operating Expenses down 31% from Q1 2023 Operating Loss increased 2% from Q1 2023 Net Income of $1.2M, Net Loss attributable to common shareholders of $10.1M Adjusted EBITDA loss of $1.5M MINNETONKA, Minn., May 09, 2024 (GLOBE NEWSWIRE) -- Pineapple Energy Inc. (NASDAQ: PEGY), a leading provider of sustainable solar... Read more
SAN FRANCISCO, May 08, 2024 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), the nation’s leading provider of clean energy as a subscription service, has networked more than 16,200 customers’ solar-plus-storage systems to support California’s electrical grid during the hot summer months. Sunrun’s CalReady power plant will reduce strain on the grid by supplying critical energy to communities that need it throughout... Read more
Heliene's high-quality modules with U.S. made solar cells will help UGE expand access to renewable energy for communities across the U.S. Heliene, Inc. ("Heliene"), one of North America's fastest-growing manufacturers of high-quality solar energy equipment, today announced a multiyear module supply agreement and strategic partnership with UGE, (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE"), a leading... Read more
Tigo TS4-X devices provide the latest in safety, monitoring, and optimization, including a new Multi-Factor Rapid Shutdown (MFRS) capability for critical applications, for solar installers deploying modules up to 800W CAMPBELL, Calif. / May 08, 2024 / Business Wire / Tigo Energy, Inc. (NASDAQ: TYGO), a leading provider of intelligent solar and energy software solutions, today announced the newest additions to... Read more
MILPITAS, Calif. / May 08, 2024 / Business Wire / SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology, today announced its financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights Revenues of $204.4 million Revenues from solar segment of $190.1 million GAAP gross margin of negative 12.8% Non-GAAP gross margin1 of negative 6.5%, including... Read more
Exceeded high-end of Q1 guidance range for both Storage and Solar installations Storage Capacity Installed of 207 Megawatt hours in Q1, representing 192% year-over-year growth, as storage attachment rates reach 50% Solar Energy Capacity Installed of 177 Megawatts in Q1, reaching 6.9 Gigawatts of Networked Solar Energy Capacity Net Earning Assets increases to $5.2 billion, including $783 million in Total... Read more
All of the amounts disclosed in this press release are in U.S. dollars unless otherwise noted TEL AVIV, Israel, May 08, 2024 (GLOBE NEWSWIRE) -- Enlight Renewable Energy Ltd. (NASDAQ: ENLT, TASE: ENLT) today reported financial results for the first quarter March 31, 2024. The Company’s earnings webcast will be held today at 8:00 AM ET. A link to this webcast can be found at the end of this earnings... Read more
TEMPE, Ariz. / May 08, 2024 / Business Wire / Amtech Systems, Inc. ("Amtech") (NASDAQ: ASYS), a manufacturer of thermal processing, wafer cleaning and chemical mechanical polishing (CMP) capital equipment and related consumables used in semiconductor, advanced mobility and renewable energy manufacturing applications, today reported results for its second quarter ended March 31, 2024. Second Quarter Fiscal 2024... Read more
PLAINVIEW, N.Y., May 07, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) announced today that a leading edge semiconductor company has placed an order for multiple laser annealing systems to accelerate the design and manufacturing of 2-nanometer gate-all-around logic semiconductor chips. The order includes LSA201™ Laser Spike Annealing Systems in addition to an NSA500™ Nanosecond Annealing System.... Read more
First Quarter 2024 Highlights: Revenue of $174.5 million, compared with $153.5 million in the same period last year GAAP net income of $21.9 million, or $0.37 per diluted share, compared with $8.7 million, or $0.17 per diluted share in the same period last year Non-GAAP net income of $26.4 million, or $0.45 per diluted share, compared with $16.9 million, or $0.30 per diluted share in the same period last... Read more
Solid Execution with Growth Across All Business Lines 45% Y/Y Growth in Contracted Backlog Over 750 MWe Ameresco Owned Energy Assets in Development Reaffirms 2024 Guidance First Quarter 2024 Financial Highlights: Revenues of $298.4 million Net loss attributable to common shareholders of $2.9 million GAAP EPS of ($0.06) Non-GAAP EPS of ($0.10) Adjusted EBITDA of $30.8 million FRAMINGHAM, Mass. / May... Read more
PORTLAND, Tenn., May 07, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (“Shoals” or the “Company”) (Nasdaq: SHLS), a leading provider of electrical balance of system (“EBOS”) solutions for solar, battery storage, and electric vehicle charging infrastructure, today announced results for its first quarter ended March 31, 2024. “Despite additional project delays in the period, the team’s continued... Read more
FREMONT, Calif., May 06, 2024 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, today announced that installers of Enphase® products across North America have seen growing deployments of IQ8™ Commercial Microinverters. A recent Wood Mackenzie report estimated that only 5.1% of viable U.S.... Read more
Expected to operate as a community solar site, selling credits to subscribers. Over 370 homes expected to be provided with green energy once operational. Eligible to participate in the NYSUN program to receive NYSERDA incentives. TORONTO, May 6, 2024 /CNW/ - SolarBank Corporation (Nasdaq: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") announces that it has executed a lease agreement on... Read more
VALENCIA, Spain, May 06, 2024 (GLOBE NEWSWIRE) -- Turbo Energy, S.A. (NASDAQ: TURB) (“Turbo Energy” or “the Company”), a leader in the field of photovoltaic energy storage, today announced it has filed a patent application with the Spanish Patent and Trademark Office (“OEPM”) for its Sunbox Commercial & Industrial (“Sunbox C&I”) product. This product, which is already available on the market, offers... Read more
All amounts in U.S. dollars unless otherwise indicated BROOKFIELD, News, May 03, 2024 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) (“Brookfield Renewable Partners”, “BEP”) today reported financial results for the three months ended March 31, 2024. “We had a strong start to the year delivering record results and executing on our business plans. We signed a landmark agreement... Read more
FREMONT, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, announced today that installers of Enphase® products in Florida have seen growing deployments of Enphase® Energy Systems™ powered by the IQ® Battery 5P™, as Florida homeowners prepare for power outages associated... Read more
UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE"), a leader in commercial and community solar, announces that it has signed a national service agreement with MaxSolar, a nation-wide renewable energy project operations & maintenance provider. UGE, which had a decade of experience providing EPC (engineering, procurement, and construction) services, transformed into a full-lifecycle... Read more
Signed an Additional 1 GW of Solar-Plus-Storage Under a Long-Term Contract with Amazon, for a Total of 2 GW at Bellefield in California Strategic Accomplishments Signed 1.2 GW of renewables and energy storage under long-term contracts, bringing total backlog of projects signed under long-term contracts to 12.7 GW Includes an additional 1 GW under a 15-year contract with Amazon, for a total of 2 GW... Read more
FREMONT, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. (“Complete Solaria” or the “Company”) (Nasdaq: CSLR) today published its Q1’24 results, to be presented via webcast today, May 2, 2024 at 5:00 p.m. EDT. Interested parties may access the webcast by registering here, or by visiting: https://investors.completesolaria.com/news-events/events. Q1’24 and Q2’24 forecast summary (based on non-GAAP... Read more
First of its kind global framework agreement will accelerate the expansion of renewable energy capacity to contribute to Microsoft’s sustainability goals The five-year agreement outlines plans for the development of over 10.5 gigawatts of new renewable energy capacity, almost eight times larger than the largest single corporate PPA ever signedi Potential... Read more
SAN FRANCISCO, May 01, 2024 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), the nation’s leading provider of clean energy as a subscription service, has now enrolled nearly 1,800 customers—totaling more than 2,000 batteries—in its PowerOn Puerto Rico virtual power plant. The program has been supplying dependable energy from solar-plus-storage systems to the island’s energy grid since last fall. Sunrun is the largest... Read more
TEMPE, Ariz. / May 01, 2024 / Business Wire / First Solar, Inc. (“First Solar”) (NASDAQ: FSLR) announced that MN8 Energy LLC (“MN8”) has placed orders for 457 megawatts (MW) of advanced thin film solar modules, including 170 MW of Series 6 Plus bifacial modules and 287 MW of Series 7 modules. The modules will power projects in the northeastern and southern United States. MN8, founded as Goldman Sachs Renewable Power... Read more
FORT MILL, S.C., May 01, 2024 (GLOBE NEWSWIRE) -- Alternus Clean Energy, Inc. (NASDAQ: ALCE) (“Alternus” or the “Company”), a leading utility-scale transatlantic, clean energy independent power producer (IPP) today announced the signing of definitive agreements with a U.S. based fund to acquire over 80 MWp of operating portfolio spanning across the U.S. The Portfolio consists of 33 projects, distributed across... Read more
Net sales of $794 million Net income per diluted share of $2.20 Net cash balance of $1.4 billion Maintain full-year 2024 P&L guidance YTD net bookings of 2.7 GW with an average selling price (“ASP”) of 31.3 cents per watt, excluding adjusters Expected sales backlog of 78.3 GW TEMPE, Ariz. / May 01, 2024 / Business Wire / First Solar, Inc. (Nasdaq: FSLR) (the “Company”) today announced financial results... Read more
First Quarter 2024 Highlights Deployed 27,000 customers in the first quarter of 2024; bringing total customer count to 438,500 as of March 31, 2024; Total Adjusted Operating Expense decreased in the first quarter of 2024 compared to the prior quarter; Unrestricted Cash increased $18.9 million in the first quarter of 2024 compared to the prior quarter; and Selected as exclusive national solar and battery storage... Read more
UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE"), a leader in commercial and community solar, reported its financial results for the year ended December 31, 2023. UGE reports all amounts in US dollars. At the same time, within the Company's audited consolidated financial statements, the Company restated the comparative information as at and for the year ended December 31, 2022 as there had... Read more
TEMPE, Ariz. / Apr 30, 2024 / Business Wire / First Solar, Inc. (NASDAQ: FSLR) announced an agreement to supply Birch Creek Energy (“Birch Creek”) with 547 MW of advanced Series 6 Plus Bifacial thin film photovoltaics (PV) modules. The St. Louis-based renewable energy company plans to deploy the modules in projects across its development pipeline in the United States. “We are pleased to establish this relationship... Read more
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