Category Archives: Financial News

SMA Solar Technology AG surpasses billion euro mark in sales and doubles operating earnings in 2020 despite coronavirus crisis

SMA Solar Technology AG (SMA/FWB: S92) sold inverters with a cumulative output of 14.4 GW in 2020. Inverter output sold was 26% above the previous year’s level (2019: 11.4 GW). In total, SMA thus has more than 100 GW of installed inverter capacity. According to preliminary calculations by the SMA Managing Board, sales increased to around €1,027 million (2019: €915.1 million) and was

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Canadian Solar Inc. announced financial results for the quarter ended September 30, 2020. Highlights Solar module shipments of 3.2 GW, exceeding guidance of 2.9 GW to 3.1 GW. 31% sequential growth in revenue to $914 million, above guidance of $840 million to $890 million. Gross margin of 19.5%, well above guidance of 14% to 16%. Net income attributable to Canadian Solar of $8.8 million, or $0.15 per diluted share, after

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Azure Power to Announce Results for Fiscal Second Quarter 2021

Azure Power Global Limited (NYSE: AZRE), a leading independent solar power producer in India, announced its consolidated results under United States Generally Accepted Accounting Principles (“GAAP”) for the fiscal second quarter 2021, period ended September 30, 2020. Fiscal Second Quarter 2021 Period Ended September 30, 2020 Operating Highlights: • Operating Megawatts (“MW”) were 1,834 MWs, as of September 30, 2020,

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First Solar to Announce Third Quarter 2020 Financial Results

Net sales of $928 million Net income per share of $1.45 Cash, restricted cash, and marketable securities of $1.7 billion, net cash of $1.4 billion 1.6 GW DC of bookings since prior earnings call Strong fleet-wide production with capacity utilization averaging over 100% at all factories Reinstate financial guidance for the fourth quarter 2020 First Solar, Inc. announced financial results for the third

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SMA Solar Technology to generate 23% sales growth and positive earnings from January to September 2020 despite coronavirus crisis

Overview of Q1-Q3 2020: Inverters with a total output of 10.7 GW sold (Q1-Q3 2019: 7.5 GW) Sales increased to €774 million (Q1-Q3 2019: €631 million) and EBITDA to €41 million (Q1-Q3 2019: €26 million) Financial stability thanks to solid equity ratio of 43% (December 31, 2019: 38%) Order backlog remains high despite coronavirus crisis at €792 million, with €332 million attributable

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