Vivint beats on revenue — but losses widen in Q1 as residential solar hunkers down
Vivint beat estimates with $91.2 million in revenue in Q1, though, like with most other third-party solar companies, that was outweighed by $51.9 million in losses from operations. Installation figures fell during the quarter and are only expected to fall further, as Covid-19 runs its course on residential solar.
SolarEdge reports record revenue, yet Covid looms over residential PV for the next two quarters
Even though the U.S. market is showing some signs of stabilizing, the decline in installation rates in April alone was 33%.
Sunrun weathers Covid for a strong Q1
The company reported strong solar deployments and revenue to start 2020, even with orders decreasing by as much as 40% for periods in March. And while the company has remained strong throughout the Covid-19 pandemic, additional sales decreases loom in Q2.
Permit and Google data show major residential solar players best suited to weather lockdown
Permitting and Google search data show substantially more resi solar installs in Q1 2020, compared with the same period in 2019. Data suggests that major national installers, leveraging online sales, are better positioned than most to weather the COVID-19 pandemic.
A renewable path to Hawaii’s recovery
Given Hawaii’s audacious renewable energy goals it seems logical that industries such as solar can help be a big part of that recovery.
The skills and software you’ll need to boost solar sales in a virtual world
Lennie Moreno, the CEO of Sofdesk, navigates the new world of selling solar remotely — in our free webinar today.
Rebuilding the West through bold investment in clean energy
Renewable energy development can be the catalyst for restoring our economic strength post-Covid-19. Founders of Navajo Power along with Kevin De Leon, Los Angeles City Council candidate, make their case.
Solar and storage installers officially considered essential workers in California
The list of essential workers during the pandemic includes reporters, liquor store employees, and workers supporting cannabis retail.
Morning Brief: New Zealand invests in flow batteries, ‘NextGrid’ goes off the rails
Also in the brief: Tesla’s Q Con virtual power plant presentation, the University of Arkansas’ solar design contest, M&A during the pandemic, dodecahedrons and more
Pandemic-related uncertainty in the US solar industry — and the case for an ITC extension
Renewable energy industry officials are hopeful that a post-pandemic comeback is possible in 2021 but, “Supply chain issues haven’t played out yet,” said George Strobel of Monarch Capital.
