SunPower reported impressive operational results, but continued losses and warned of impacts over the next few quarters as it copes with intense module price pressures.
Representing 23% of gross residential megawatts booked in the third quarter, SolarCity loan and cash sales helped drive a 76% revenue increase year-over-year as company exceeds 300,000 solar customers.
The residential solar installer is still struggling following SunEdison’s failed acquisition, but reported record low prices and improved results.
TerraForm Power has sent a draft settlement agreement to SunEdison creditors under which claims would be settled, noting that it prefers a “collaborative” process.
The yieldco of energy giant NRG reported strong results for Q3, and expects to acquire former SunEdison assets NRG snatched up in a fire sale.
The microinverter specialist stems recent downward trend, posting solid Q3 revenue of $89 million and increasing microinverter shipments to 869,000. AC Battery rollout boosts performance.
Elon Musk and Lyndon Rive are arguing that SolarCity will bring cash in to Tesla’s balance sheet, while shareholders wait for the solar installer’s results call.
The earnings call signaled continued steady expansion of its solar asset collection, in line with estimates from the second quarter
The acquisition narrows the number of companies that are developing FBR, and further consolidates the transfer of this technology to Chinese companies.
The EV and battery maker maintains that its battery gigafactory will be ready to support Model 3 rollout in H2 2017, three weeks before a shareholder vote on the acquisition of SolarCity.
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