financial results

Tesla’s Q2 2023 solar PV deployment decreased 38% year-on-year to 66MW as its battery storage system additions was met with a slight decrease from the previous quarter.

Chinese module manufacturer GCL System Integration (GCL SI) has estimated its preliminary net profit for the first half of 2023 to be around RMB100-120 million (US$14-16.7 million), up 160.6-219.9% from the same period last year.

Axpo has published its financial results for the first half of the 2022/23 financial year, reporting "exceptional" income and earnings.

Emeren published its financial results for the first quarter of the year, posting total revenues of US$12.9 million.

Canadian Solar has shipped 6.1GW of solar modules in the first quarter of 2023, a 66% increase over the same period a year earlier.

US distributed solar supplier Spruce Power has posted an improved financial results as its adjusted EBITDA increased by 33.8% year-on-year in the first half of 2023.

Solar project developer and asset owner Photon Energy Group has posted a decreased EBITDA although recording an all-time revenue for the first quarter of a year in Q1 2023.

Industrial group Baywa recorded €1.5 billion (US$1.63 billion) in revenues from its renewable energy business in Q1 2023, just under a 25% of the group’s total quarterly revenue of €6.3 billion (US$6.8 billion).

Solar module supplier Maxeon has started evaluating the possibility of expanding its manufacturing capacity in the US with a cell and module assembly plant.

US solar tracker system provider FTC Solar has narrowed its adjusted EBITDA loss to US$7.2 million for the first quarter in 2023.