Array Technologies’ profits plummeted 65% amid high material and logistical costs as the solar tracker supplier claimed it was experiencing a margin "trough", weighed down by legacy orders signed at low prices.
US solar tracker supplier Array Technologies is to acquire Spanish tracker manufacturer Soluciones Técnicas Integrales Norland (STI Norland) in an acquisition that the Array said will create “the largest tracker company in the world”
US-based solar tracker manufacturer FTC Solar has again downgraded financial forecasts, reducing its Q4 revenue expectations amidst PV project pushbacks in the US.
Solar inverter manufacturer SMA Solar Technology has increased its net income by more than 66% for the first nine months of the year compared with last year as its management board reaffirms its previously downwards adjusted sales and earnings guidance of for 2021
Solar balance of system (BOS) solutions provider Shoals Technologies saw its Q3 revenues increase 14% year-over-year, but said this rise was less than expected as some customers changed product specifications or delayed shipments due to supply chain issues.
Leading US solar installer Sunrun witnessed installs smash through the 200MW barrier in Q3 2021, with the company deploying an analyst expectation-beating 219MW.
Energy tech company AES has reaffirmed its annual growth target of between 7-9% through to 2025 and expects to add 5GW of renewables, up from a previous target of 4GW, under long-term contracts this year after performing better than expected so far, according to its Q3 results released yesterday
Spanish solar tracker manufacturer Soltec reported a net loss of €100,000 (US$120,000) in Q3 and a €20 million (US$23 million) loss in the first nine months of the year due to “significant international disruptions”, according to its Q3 financial results released today
US residential solar installer Sunnova is broadening its service offering in areas such as battery storage and electric vehicle charging as it bids to double its customer count over the next two years.
