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Shoals posts 48% year-over-year growth in record quarter

The electrical balance of systems company’s gross margins shrank, leading to a net loss of $9.8 million. It has an ongoing legal case in which it is seeking damages from a wire insulation provider.

Longroad Energy starts construction on 377 MW Arizona solar project

Sun Streams 4 is the company’s largest project to date. The facility is expected to ease grid congestion during peak hours and stimulate over $100 million into Arizona’s economy.


U.S., China dominate solar investment

China and the United States consistently attract the most annual solar investments. Together, they have received about 50% of all solar investments since 2015, according to a new report by the International Solar Alliance.

SolarEdge tumbles on significantly reduced Q4 outlook

The solar inverter provider expects Q4 revenues to be less than half of the $725 million reported in Q3.

First Solar delivers on earnings, margins, falls short on revenue

The U.S.-based thin-film solar panel manufacturer raised its expectations for 2023 as its order backlog grows.

Department of Energy commits $1.3 billion to three multi-state transmission projects

DOE will fund the Transmission Facilitation Program projects.

Nextracker announces split from majority holder, raises 2024 earnings outlook

Majority holder Flex plans to spin off its remaining interests in Nextracker. Plus, the company raised its earnings guidance for 2024.

Sunlight Financial files bankruptcy, acquired by industry consortium

Sunlight Financial, whose stock price has plummeted amid accumulating more than $500 million in underwater loans, has been acquired by a consortium led by Greenbacker Capital Management, Sunstone Credit, IGS Ventures.

Sunrise brief: Advancing iron and salt batteries with $8 million in seed funding

Also on the rise: Enphase stock slides on weakened demand, significantly lowered Q4 guidance. DOE requests input on draft roadmap to fix utility-scale interconnection. And more.

Enphase stock slides on weakened demand, significantly lowered Q4 guidance

U.S. revenues dropped 16% from the previous quarter while European sales fell 34%.

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