financial results

Struggling solar manufacturer Meyer Burger has postponed its annual report by the end of May 2025 as it published preliminary losses for 2024.

FTC Solar has reported revenue of US$13.2 million in the fourth quarter of 2024, the highest quarterly figure reported in 2024.

JinkoSolar shipped a record 99.6GW of products in 2024, but its operations delivered losses for the first time in the last five years.

Canadian Solar has recorded a 1% quarter-on-quarter increase in revenues in the fourth quarter of 2024, while year-end profits have fallen.

SMA Solar posted preliminary net losses of €117.7 million (US$126 million) in 2024—down from €225.7 million in income last year.

Array Technologies expects that 100% of its trackers will be eligible for domestic content benefits n the first half of 2025.

Iberdrola invested a record €12 billion into its operations in 2024, which yielded a 31% increase in operational solar capacity.

As storage capacity installation grew in double digits during Q4 2024, added solar PV grew by 6% year-on-year to 242MW in Q4 2024.

The decline reflects the broad trend across the solar manufacturing industry, where severe downward pressure on prices—brought about by an excess of product supply—has squeezed manufacturers' margins and pushed some into the red.

Daqo New Energy posted losses of US$65.3 million in the fourth quarter of 2024, and end-of-year losses of US$212.9 million.