The U.S. microinverter manufacturer reported a lower than expected revenue in the latest quarter, with shipments decreasing slightly year-on-year. The company, however, was able to strenghten its cash position after implementing a restructuring plan in the previous quarters.
After languishing for years as a state that refused to take full advantage of its solar potential, the Cavalier State is rushing headlong into a future powered by the sun.
Like other large third-party solar companies Vivint is increasingly moving away from the leasing model to direct sales.
A team from Michigan Technological University is assessing the technical and economic viability of military microgrids run on solar power.
The company shipped 455 MW-AC of inverters from January through March and predicted revenues for Q2 to be within the range of $120 million to $130 million.
Details are sparse, but layoffs have already begun and a Chief Restructuring Officer is being appointed.
The latest reports by ERCOT estimates that the state will add nearly 900 MW of utility-scale solar this year, as renewables continue to replace older fossil fuel plants.
The electronics giant now has the longest workmanship warranty in the industry for its HIT high-efficiency photovoltaic module, which should reassure investors that the panels are worthy of a long-term investment.
With California getting a higher portion of its electricity from solar than any non-island nation, the stakes are high with this summer’s eclipse. Fortunately, Europe has already been down this road.
The national solar installer and U.S.-based storage solutions provider have teamed up to bring energy-storage systems to California homeowners.
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