Category Archives: Financial News

Canadian Solar to Report Fourth Quarter and Full Year 2019 Results

Canadian Solar Inc. (“Canadian Solar” or the “Company”) (NASDAQ: CSIQ), one of the world’s largest solar power companies, today announced its financial results for the fourth quarter and full year ended December 31, 2019. Fourth Quarter 2019 Highlights Total module shipments were 2.5 GW, compared to 2.4 GW in the third quarter of 2019 and fourth quarter 2019 guidance of 2.3 GW

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SMA Solar to significantly improves sales and earnings in 2019 – positive business development in first quarter of 2020

Overview of fiscal year 2019: Inverter output sold exceeds 10 GW for the first time at 11.4 GW (2018: 8.5 GW) Sales increase by around 20% year on year to €915 million (2018: €761 million) EBITDA positive at €34 million (2018: -€69 million) Equity ratio still high at 38% (December 31, 2018: 43%) and high net cash of €303 million (December 31, 2018: €306 million) Managing Board anticipates sales of between €275 million and €285 million as

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Meyer Burger fiscal year 2019 results and strategy: Changes in the management team

Incoming orders of CHF 188.3 million Net sales of CHF 262.0 million EBITDA of CHF -13.5 million EBIT of CHF -28.6 million Net loss of CHF -39.7 million Advanced strategic realignment and divestment of non-core activities Gunter Erfurt, CTO Meyer Burger, to succeed Hans Brändle as new CEO Ongoing evaluation of strategic options Changes in the Board of Directors Meyer

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JinkoSolar to announce record high quarterly sales

JinkoSolar, the world’s largest solar panel maker, reported on Friday record high quarterly sales, revenue and profit for the fourth quarter of last year on the back of strong demand for its products. The company said it shipped 4,538 MW of modules in the fourth quarter, up 36.4% QoQ and up 25.4% YoY. Quarterly revenue hit record high of US$1.37bn, up 27.4%

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SMA Solar Technology AG to Register Growth in Sales and Earnings in Third Quarter

Overview January to September 2019: Inverter output sold increased to 7.5 GW (Q1-Q3 2018: 6.2 GW) Sales clearly above the previous year’s level at €630.8 million (Q1-Q3 2018: €575.1 million) Earnings before interest, taxes, depreciation and amortization (EBITDA) of €25.7 million (Q1-Q3 2018: €50.5 million) Financial stability thanks to solid equity ratio of 40.5% (December 31, 2018: 42.9%) and net

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Ameresco to Report Third Quarter 2019 Financial Results

– Record Smart Energy Solutions Awards – – Significant Growth of Ameresco Assets in Development – – Timing Issues Impact Smart Energy Solutions Revenue – – Reaffirms Full Year 2019 Guidance –  Third Quarter 2019 Financial Highlights: Revenues of $212.0 million Net income attributable to common shareholders of $8.9 million Net income per diluted share of $0.19 Adjusted EBITDA of $23.9

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Meyer Burger impacted by weak demand in photovoltaic sector in H1 2019

Meyer Burger impacted by weak demand in photovoltaic sector in H1 2019 Focus on Heterojunction (HJT) und SmartWire Connection Technology Saleofwafering business Strategic partnership with Oxford PV for the development of new technologies Strategic partnership with REC Order intake on comparable basis -0.6% Net sales on comparable basis -36.8% EBITDA of CHF -13.2 million EBIT of -21.1 million Group result

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