SolarCity drags down Tesla’s Q4 results
The EV, battery and now solar company fell into the red in Q4 concurrent with the acquisition of SolarCity, as it begins making batteries at its Gigafactory and prepares for Model 3 roll-out.
Enphase finalizes $50m refinancing package
Extension of long-term loan facility with Tennenbaum Capital Partners used to pay-down Wells Fargo line of credit and support Enphase’s expansion efforts for its home energy solution.
SMA’s yearly financials show record sales output, but a drop in revenues
Last year was a goody for German solar inverter manufacturer, by posting recording breaking sales figures alongside a rise in EBIT, however, the increase in price pressure in 2016 saw revenues fall, while this trend is expected to continue in 2017.
Enphase receives much-needed influx of cash
The struggling microinverter manufacturer, which has posted quarterly losses in every quarter since Q3 2015, received a $10 million bailout from two institutional investors.
GameChange Forges U.S. Steel Supply Agreement
New York-based GameChange Solar has inked a long-term strategic supply agreement with an un-named company which it describes as “one of the largest steel producers in the United States”.
Tesla/Panasonic begin battery cell production at Nevada Gigafactory
The factory is producing lithium-ion batteries both for Tesla’s energy storage products and electric vehicles
Alencon Systems Begins Shipping SPOT V4 DC-DC Optimizer
Hatboro, PA-based Alencon has begun distribution of its String Power Optimizer, or SPOT, which it calls “the PV industry’s most powerful and versatile DC-DC optimizer for large commercial and utility scale applications.”
AlionEnergy Readies New Tracker First Install
Richmond, CA-based AlionEnergy expects the first commercial installation of its new tracker system as early as February.
SolarEdge Adds GSM Cellular Kit & Smart Meter
SolarEdge Technologies has launched a GSM cellular kit and a smart meter, and is taking orders for both products.
Global inverter shipments to contract 5% in 2017 before steady recovery, says GTM Research
Consolidation of top 10 suppliers continues as Chinese inverter firms Huawei and Sungrow top shipment chart, while SMA’s U.S. strength sees it cling on to top spot for revenue, report shows.
