Sunrun
is a solar service company that helps homeowners save money on their energy bills by providing solar panel installation and monitoring.
2. They are currently running a promotion where homeowners can get a free solar quote.
3. Homeowners can also enter their zip code on the website to find out if solar is available in their area.
If you’re considering making the switch to solar energy, now is a great time to do it! Sunrun is currently offering free quotes for solar panel installation, so you can see how much you could save on your energy bills. Plus, solar is now available in more areas than ever before, so it’s easier than ever to make the switch. Just enter your zip code on the Sunrun website to find out if solar is available in your area.
Vivint Solar
—a leading full-service residential solar provider—is looking for a freelance writer to contribute blog posts to its website on a regular basis.
Vivint Solar is a leading full-service residential solar provider that offers affordable, clean energy solutions to homeowners across the United States. The company is now looking for a freelance writer to contribute blog posts to its website on a regular basis.
If you are passionate about clean energy and have a knack for writing, then this is the perfect opportunity for you. As a Vivint Solar blogger, you will have the chance to educate homeowners about the benefits of solar power and help them make the switch to a cleaner, more sustainable energy source.
So, if you think you have what it takes to be a Vivint Solar blogger, then we encourage you to submit a writing sample and your resume today. We look forward to hearing from you!
Vivint Solar is one of the leading solar energy companies in the United States. The company offers solar panel systems for residential and commercial customers. Vivint Solar also offers a variety of financing options for customers who wish to lease or purchase their solar panel systems., a leading full-service residential solar provider, announced today that it has completed the sale of $1 billion in tax equity.
The move comes as the company looks to solidify its position in the residential solar market and continue its impressive growth trajectory.
Vivint Solar has been one of the fastest-growing companies in the residential solar industry, and the sale of $1 billion in tax equity is a reflection of that growth.
The tax equity will be used to finance the installation of solar systems for homeowners across the United States.
With this latest move, Vivint Solar is positioned to continue its rapid growth and solidify its position as a leading player in the residential solar market.
Tesla
‘s Model S is the best selling car in Norway
This article will explore why the Tesla Model S is the best selling car in Norway. We will look at the features of the car that make it appealing to Norwegian consumers and how it stacks up against its competition.’s Model S
As the world’s first mass-produced electric car, the Tesla Model S has been a game-changer in the automotive industry. With its sleek design, impressive performance, and cutting-edge technology, it’s no wonder that the Model S has been such a popular choice for luxury car buyers.
But what makes the Model S so special? Here are just a few of the reasons that Tesla’s flagship car is in a class of its own:
1. Unmatched performance. Thanks to its all-electric powertrain, the Model S has some of the best acceleration and handling of any car on the road.
2. Superb range. With a single charge, the Model S can travel up to 400 miles – making it ideal for long-distance road trips.
3. Tesla’s cutting-edge technology. The Model S is packed with state-of-the-art features, including a 17-inch touchscreen display, an onboard computer, and an autopilot system.
4. A sustainable choice. As an electric car, the Model S produces zero emissions, making it a more environmentally-friendly option than traditional gasoline-powered vehicles.
If you’re looking for a luxury car that offers an exceptional driving experience and cutting-edge technology, the Tesla Model S is the perfect choice.’s Semi is a big, bold bet on the electric truck of the future
In conclusion, Tesla’s Semi is a big, bold bet on the future of electric trucks. Tesla is gambling that the future of trucking is electric, and that their Semi will be the truck that leads the way. Only time will tell if Tesla’s bet will pay off, but it is certainly an exciting development in the world of trucking.
Sunpower
Corporation
SunPower Corporation is an American energy company that designs, manufactures, and sells high-efficiency solar cells, solar panels, and solar systems for residential, commercial, and utility-scale power plants. The company was founded in 1985 by Richard Swanson and Tom Dinwoodie, and is headquartered in San Jose, California. As of 2016, SunPower has installed more than 2 gigawatts (GW) of solar power globally, and employs more than 5,000 people worldwide. by Maxeon Solar Panels
Looking for the best solar panels on the market? Look no further than SunPower by Maxeon solar panels. These top-of-the-line solar panels are the most efficient on the market, and they’re backed by a 25-year warranty.
If you’re looking for the best investment for your money, SunPower by Maxeon solar panels are the way to go. You’ll save money on your energy bill each month, and you’ll have peace of mind knowing that your panels are backed by a 25-year warranty.
Don’t wait any longer, make the switch to SunPower by Maxeon solar panels today! Corporation (Nasdaq: SPWR) is a publicly traded energy company headquartered in San Jose, California.
SunPower Corporation is a publicly traded energy company headquartered in San Jose, California. The company designs, manufactures, and sells solar panels and systems for residential, commercial, and utility-scale customers worldwide. SunPower is a global leader in solar innovation and sustainability.
First Solar
(FSLR)
First Solar, Inc. is an American photovoltaic (PV) manufacturer of thin-film solar modules, or solar panels, and a provider of utility-scale PV power plants. First Solar ranked as the world’s largest PV manufacturer from 2013 to 2015, but was overtaken by JinkoSolar in 2016. The company is headquartered in Tempe, Arizona, United States. (FSLR)
First Solar is one of the world’s leading solar panel manufacturers and a provider of comprehensive photovoltaic (PV) solutions. The company’s innovative thin-film solar modules provide unique advantages in the marketplace, including low energy payback times, high efficiency, and the ability to operate in some of the most challenging environments.
In addition to its manufacturing capabilities, First Solar is also a leading developer of utility-scale solar PV power plants. The company’s plants have a combined capacity of over 4 GW and are located in the U.S., Australia, and Malaysia.
First Solar’s commitment to sustainability extends beyond its products and operations. The company is a founding member of The Climate Group’s RE100 campaign, which is committed to 100% renewable electricity by 2050. First Solar is also a signatory of the Business for Innovative Climate & Energy Policy (BICEP) Climate Declaration.’s Business Model and Cost Structure
First Solar’s business model is based on providing thin-film photovoltaic (PV) modules to customers in the utility, commercial, and residential markets. The company has a vertically integrated business model, which includes the design, manufacture, and sale of PV modules, as well as the development, construction, and operation of PV power plants.
First Solar’s cost structure is dominated by the cost of manufacturing its PV modules. The company has a high fixed-cost base, due to the costs of building its manufacturing facilities. First Solar also incurs costs for research and development, as well as selling, general, and administrative expenses.
First Solar is a leading PV module manufacturer, with a vertically integrated business model and a strong cost structure. The company has a history of profitability, and its shares have outperformed the market in recent years. First Solar is well-positioned to continue to grow in the PV market.
Lg
V60 ThinQ 5G
Are you looking for a new smartphone that can keep up with your busy lifestyle? If so, you may want to check out the LG V60 ThinQ 5G. This device has some impressive specs and features that make it a great option for those who need a reliable smartphone. V30
Assuming you would like an article discussing the LG V30:
The LG V30 is the Korean company’s latest flagship smartphone and it’s a pretty great device. It’s got a large, 6-inch OLED display, a powerful Snapdragon 835 processor, and a really nice camera. Plus, it’s got a headphone jack!
There are a few things that keep it from being a perfect phone, though. First, the software is a little bit buggy. Second, the battery life could be better. Third, it’s a bit expensive.
Overall, the LG V30 is a great phone. If you’re looking for a new Android device, it’s definitely worth considering.TBQ+ people face unique challenges in the workplace.
LGTBQ+ people often face discrimination in the workplace. This can make it difficult for them to find and keep a job. They may also have difficulty getting promoted or earning the same salary as their heterosexual counterparts.
There are a few things that can be done to help address these issues. Employers can create policies that prohibit discrimination against LGTBQ+ employees. They can also provide training to their staff on how to be inclusive of all employees.
By taking these steps, employers can create a more inclusive workplace for all employees.
Panasonic
‘s “Matsushita” brand is being phased out in favor of the global “Panasonic” brand
On October 1, 2008, Panasonic announced that it would be phasing out its “Matsushita” brand name in favor of the global “Panasonic” brand name. The Matsushita brand name has been used on Panasonic products since 1961, when the company was founded. The change will take effect gradually, with the “Matsushita” brand name being phased out over the next few years.
The decision to change the brand name was made in order to create a more unified global brand identity for Panasonic. The “Matsushita” brand name is well-known in Japan, but is not as well-known outside of Japan. The “Panasonic” brand name, on the other hand, is well-known worldwide.
The change to the “Panasonic” brand name will not affect the quality or features of Panasonic products. Matsushita Electric Industrial Co., Ltd. will continue to be the legal name of the company.
What do you think of Panasonic’s decision to phase out the “Matsushita” brand name? Do you think it will be good for the company in the long run?
Jinkosolar
to Supply 285 MW for a Solar Project in Vietnam
JinkoSolar Holding Co., Ltd. (the “Company,” or “JinkoSolar”) (NYSE: JKS), a global leader in the solar PV industry, today announced that it entered into a framework agreement with Dragon Capital New Energy Holdings Limited (“Dragon New Energy”), to supply 285 megawatts (MW) of solar modules for a solar project in Vietnam.
Under the framework agreement, JinkoSolar will supply 285 MW of solar modules to Dragon New Energy. The project is located in the Mekong Delta region of Vietnam, where JinkoSolar has supplied a total of 704 MW of modules since 2016. The project is scheduled to be completed in the first quarter of 2019.
This project will further solidify JinkoSolar’s leading position in the Vietnam solar market. With a total of 989 MW of module shipments to the country, JinkoSolar has supplied more than 1 gigawatt (GW) of solar modules to Vietnam, accounting for approximately 30% of the country’s total installed capacity. to Build World’s Largest Solar Plant in China
JinkoSolar Holding Co., Ltd. (NYSE: JKS) (“JinkoSolar”), a global leader in the solar PV industry, today announced that it will build the world’s largest solar plant in China. The plant will be located in the city of Huainan in the Anhui Province and will have a capacity of 2 gigawatts (GW).
This is a major coup for JinkoSolar, as it will be the largest solar plant in the world by a considerable margin. The next largest solar plant is the 1.2 GW Solar Star project in California, which was developed by First Solar (NASDAQ: FSLR).
The plant will be built in two phases. The first phase, which is expected to be completed by the end of 2019, will have a capacity of 1 GW. The second phase, which is expected to be completed by the end of 2020, will have a capacity of 1 GW.
JinkoSolar will provide the solar panels for the plant. The company has not yet announced who will build the plant.
The plant will use JinkoSolar’s high-efficiency PERC solar cells. PERC stands for passivated emitter and rear contact. This technology enables solar cells to have higher conversion efficiency than traditional solar cells.
The plant will generate enough electricity to power about 1.8 million homes. It will also offset about 3.8 million tons of carbon dioxide emissions each year.
This is a major win for JinkoSolar and for the fight against climate change. The world needs more renewable energy sources, and this plant will help to meet that demand. (NYSE: JKS) is one of the largest solar manufacturers in the world. The company recently announced that it has entered into a strategic cooperation agreement with YASKAWA, a leading industrial robotics company. Under the agreement, JinkoSolar will use YASKAWA’s industrial robots to automate its solar panel production process. This will help JinkoSolar to improve its production efficiency and quality, while reducing its production costs.
JinkoSolar is a leading solar panel manufacturer that has entered into a strategic cooperation agreement with YASKAWA, a leading industrial robotics company. This agreement will help JinkoSolar to improve its production efficiency and quality, while reducing its production costs. JinkoSolar is committed to providing the highest quality solar panels to its customers and this agreement is another step in that direction.
Canadian Solar
Inc. (CSIQ)
Investors are always on the lookout for stocks that are undervalued and have the potential to generate strong returns. Canadian Solar Inc. (CSIQ) is a stock that fits this bill. The company is a leading manufacturer of solar panels and has a strong presence in key markets around the world. Despite its strong fundamentals, the stock has been under pressure in recent months due to concerns about the global solar industry. However, with the company’s solid track record and strong future prospects, Canadian Solar is a stock that is worth considering for your portfolio. Subsidiary Recurrent Energy Secures 200 MW Power Purchase Agreement in Japan
In a move that is sure to solidify its position as a leading solar power developer in Japan, Canadian Solar Inc.’s (CSIQ) subsidiary Recurrent Energy has secured a 200 megawatt (MW) power purchase agreement (PPA) with Japanese utility Tokyo Electric Power Company (TEPCO). This is the largest PPA to be awarded by TEPCO to a solar developer in Japan to date, and it underscores the growing appetite for renewable energy in the country.
The 200 MW PPA was awarded to Recurrent Energy following a competitive bidding process, and it is for a solar power project that the company is developing in the town of Higashimatsuyama in the Saitama prefecture. When completed, the project is expected to generate enough electricity to power approximately 50,000 homes in Japan.
This is not the first time that Recurrent Energy has been active in Japan’s solar market. The company has already developed and sold two other solar power projects in the country totaling nearly 70 MW. With the new 200 MW PPA, Recurrent Energy now has a portfolio of more than 270 MW of solar projects in Japan.
The PPA with TEPCO is significant not only for its size, but also for the fact that it was awarded to a foreign developer. Until recently, the vast majority of PPAs in Japan had been awarded to Japanese companies. However, the government’s recent push to increase the country’s renewable energy mix has opened up the market to foreign developers like Recurrent Energy.
The 200 MW PPA is a major coup for Recurrent Energy, and it is sure to help the company solidify its position as a leading solar power developer in Japan. Inc. (NASDAQ:CSIQ) Q2 2020 Earnings Conference Call August 20, 2020, 05:00 PM ET
Canadian Solar Inc. (NASDAQ:CSIQ) Q2 2020 Earnings Conference Call August 20, 2020, 05:00 PM ET
Company Participants
Mike Blaney – Chief Executive Officer
Shawn Qu – Chief Financial Officer
Analysts
Andrew Burd – Goldman Sachs
Pavel Molchanov – Raymond James
Philip Shen – Roth Capital Partners
Connor Lynagh – Morgan Stanley
Operator
Good afternoon, ladies and gentlemen, and welcome to the Canadian Solar Inc. Second Quarter 2020 Earnings Conference Call. [Operator Instructions]
I would now like to turn the conference over to your host, Mr. Shawn Qu, Chief Executive Officer. Please go ahead.
Shawn Qu
Thank you, operator. Joining me on the call today is Mr. Mike Blaney, our CEO; and Mr. Craig MacDougall, our COO.
Before we begin, I would like to remind you of the Safe Harbor language in our earnings release and slides, which apply to this call as well. Our earnings release and the slides for this call are available on our IR website.
Today’s discussion will contain forward-looking statements, which are subject to risks and uncertainties. Actual results may differ materially from management’s current expectations. Information regarding these and other risks is included in our filings with the Securities and Exchange Commission.
I will now turn the call over to Mr. Mike Blaney.
Mike Blaney
Thank you, Shawn, and good afternoon, everyone. 2020 is certainly a challenging year for the solar industry and the world at large. The COVID-19 pandemic has had a significant impact on global economies and solar demand, resulting in a sharp decline in solar module ASPs.
In the face of these challenges, Canadian Solar’s team has executed very well. We have maintained our leading market position and delivered strong financial and operational results in the second quarter.
Total solar module shipments in the second quarter were 1,943 megawatts, up 36% sequentially and in line with our guidance. This includes 1,621 megawatts of shipments to the global solar project business and 322 megawatts to the global utility-scale solar project business.
Second quarter total revenues were $958.6 million, up 31% sequentially and within our guidance range. This includes $836.8 million of revenues from the global solar project business and $121.8 million of revenues from the global utility-scale solar project business.
Gross margin in the second quarter was 18.1%, up 320 basis points sequentially and within our guidance range, driven by cost reduction efforts and project mix.
Adjusted EBITDA in the second quarter was $215.9 million, up 85% sequentially and well above our guidance range, driven by higher-than-expected gross margin and lower-than-expected operating expenses.
Adjusted net income in the second quarter was $109.1 million or $0.75 per diluted share, up 127% sequentially and well above our guidance range.
Now I will review our business segments. Our global solar project business consists of the development, construction, financing, operation and sale of utility-scale solar power plants.
Total solar project revenues in the second quarter were $836.8 million, up 30% sequentially and within our guidance range. This includes $121.8 million of revenues from the global utility-scale solar project business, which is up 92% sequentially, and $715 million of revenues from the global solar project business, which is up 28% sequentially.
The sequential increase in total solar project revenues was driven by higher shipment volumes, partially offset by a decline in solar module ASPs.
Gross margin in the second quarter was 20.2%, up 430 basis points sequentially and within our guidance range, driven by cost reduction efforts, project mix and the contribution from the global utility-scale solar project business.
Adjusted EBITDA in the second quarter was $231.1 million, up 105% sequentially and well above our guidance range, driven by higher-than-expected gross margin and lower-than-expected operating expenses.
Adjusted net income in the second quarter was $115.9 million or $0.79 per diluted share, up 139% sequentially and well above our guidance range.
Now I will provide an update on our global utility-scale solar project business. We continue to see strong demand for high-quality utility-scale solar projects. We are well positioned to benefit from this trend with a diversified global project pipeline of approximately 13.8 gigawatts.
In the second quarter, we recognized $121.8 million of revenues from the global utility-scale solar project business, which is up 92% sequentially. The sequential increase was driven by higher shipment volumes.
Gross margin in the second quarter was 17.0%, up 490 basis points sequentially, driven by cost reduction efforts and project mix.
Adjusted EBITDA in the second quarter was $41.9 million, up 205% sequentially, driven by higher-than-expected gross margin.
Adjusted net income in the second quarter was $20.7 million or $0.14 per diluted share, up 243% sequentially.
Now I will provide an update on our module business. Our total solar module shipments in the second quarter were 1,943 megawatts, up 36% sequentially and in line with our guidance. This includes 1,621 megawatts of shipments to the global solar project business and 322 megawatts of shipments to the global utility-scale solar project business.
Total solar module revenues in the second quarter were $547.2 million, down 31% sequentially, driven by a decline in solar module ASPs.
Gross margin in the second quarter was 8.7%, down 320 basis points sequentially, driven by a decline in solar module ASPs, partially offset by cost reduction efforts.
Adjusted EBITDA in the second quarter was $46.9 million, down 37% sequentially, driven by a decline in solar module ASPs.
Adjusted net income in the second quarter was $22.9 million or $0.16 per diluted share, down 45% sequentially.
Now I will provide an update on our cell and wafer business. Our total solar cell and wafer shipments in the second quarter were approximately 1.2 gigawatts, up 36% sequentially.
Total solar cell and wafer revenues in the second quarter were $164.2 million, down 30% sequentially, driven by a decline in solar cell and wafer ASPs.
Gross margin in the second quarter was 18.2%, down 170 basis points sequentially, driven by a decline in solar cell and wafer ASPs, partially offset by cost reduction efforts.
Adjusted EBITDA in the second quarter was $19.0 million, down 43% sequentially, driven by
Yingli Green Energy
(NYSE: YGE)
Yingli Green Energy is a solar panel manufacturer based in China. The company operates in three segments: modules, system solutions, and energy management. It offers crystalline silicon solar modules that are used in residential, commercial, and industrial applications; and mono-crystalline and multi-crystalline silicon solar modules. The company also provides systems solutions that include solar power products, such as solar inverters, mounting systems, and monitoring and control systems. In addition, it offers energy management solutions, such as energy storage systems and smart solar solutions.
Yingli Green Energy is one of the world’s leading solar panel manufacturers. The company produces high-quality solar panels that are used in a variety of applications, including residential and commercial solar power systems. Yingli Green Energy has a strong commitment to environmental sustainability, and all of its products are designed to help reduce the negative impact of human activity on the planet. (NYSE: YGE) is one of the world’s leading solar panel manufacturers. The company has a strong presence in the Chinese market, and its products are used in a variety of applications, including residential, commercial, and industrial.
Yingli Green Energy is a company that you can trust. The company has a strong presence in the Chinese market and its products are used in a variety of applications. You can be sure that you are getting a quality product when you buy from Yingli Green Energy.
