Category Archives: Financial News

Canadian Solar to Report First Quarter 2021 Results

 Canadian Solar Inc. (“Canadian Solar” or the “Company”) (NASDAQ: CSIQ) today announced financial results for the quarter ended March 31, 2021. Highlights Solar module shipments of 3.1 GW in the first quarter of 2021, compared to guidance of 3.0 GW to 3.2 GW. Revenue increased 32% year-over-year (“yoy”) to $1.1 billion, compared to guidance of $1.0 billion to $1.1 billion. Gross margin of 17.9%, compared to

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SMA Solar Technology to significantly increase profitability in the first quarter of 2021

Overview of Q1 2021: 3.4 GW inverter output sold (Q1 2020: 4.4 GW) Sales of €240 million (Q1 2020: €288 million) Earnings before interest, taxes, depreciation and amortization (EBITDA) increased to €20 million (Q1 2020: €12 million) Equity ratio still high at 42% (December 31, 2020: 42%) Managing Board confirms sales and earnings guidance for fiscal year 2021 SMA Solar Technology AG (SMA/FWB: S92) achieved a

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Substantial increase in the first quarter for BayWa

With a substantial increase in the first quarter of 2021, BayWa AG seamlessly continued the successful business performance seen in the previous year and generated revenues of €4.3 billion (Q1/2020: €3.9 billion). At €45.1 million, earnings before interest and tax (EBIT) were up significantly year on year (Q1/2020: minus €27.8 million). All three operating segments contributed to this development. “A sensational

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First Solar to Announce First Quarter 2021 Financial Results

Net sales of $803 million Net income per share of $1.96 Cash, cash equivalents, restricted cash, and marketable securities of $1.8 billion YTD net bookings of 4.8 GW DC ; 2.9 GW DC since prior earnings call Nameplate manufacturing capacity increased to 7.9 GW DC ; top production bin of 455 watts Completed sales of U.S. project development and North American O&M businesses Maintain 2021 EPS guidance

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LONGi to release Q1 2021 and full year 2020 results

LONGi, the world leading solar technology company, has released its 2020 annual report to shareholders worldwide, showing continued revenue growth and significant increase in global shipments. During 2020, the company continued with its customer value oriented approach, providing reliable and efficient products and services to the market. According to the annual report, LONGi achieved 2020 operating revenue of 54.583 billion

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