News Gist .News

Articles | Politics | Finance | Stocks | Crypto | AI | Technology | Science | Gaming | PC Hardware | Laptops | Smartphones | Archive

Solar Panel Maker First Solar Seeks Patent Rights Against Chinese Rival

First Solar forecasted higher 2025 sales and reported a rise in fourth-quarter profit on Tuesday, as the Biden administration's tariffs on solar panel imports from four Southeast Asian nations boosted demand for domestic production. The company posted net income of $393 million for the quarter ended December 31, up about 13% from last year, and said it has initiated legal action against JinkoSolar for patent infringement. Solar-generated electricity is one of the fastest-growing segments of the U.S. energy industry due to strong demand from corporations and governments to adopt cleaner sources of power and combat climate change.

See Also

The Solar Stock Sell-Off Signals a Shift Away From Renewable Energy Δ1.84

First Solar, Inc.'s (NASDAQ:FSLR) stock performance is emblematic of the solar industry's growing pains as technology advancements and supportive policies drive growth. Despite significant investments in AI diagnostics and AI-powered solar solutions, the company's struggles with supply chain issues and production delays cast a shadow on its prospects. The solar power market's expansion to $436.36 billion by 2032 is likely to be hindered by the challenges faced by key players like First Solar.

Eco Wave Power Global's Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line Δ1.77

Eco Wave Power Global has reported full year 2024 earnings with revenues beating expectations, while the net loss of US$2.08m was narrower than anticipated, representing a 22% decrease from FY 2023. The company's shares have still taken a hit, falling 3.7% from last week. Despite this, revenue growth is forecast to outpace that of the broader renewable energy industry over the next two years.

Sunnova Stock Hits All-Time Low on 'Going Concern' Warning Δ1.76

Sunnova Energy International has announced that it may not be able to continue as a "going concern" in a year due to financial difficulties, which have led to its shares losing nearly two-thirds of their value. The solar power company's declining demand for alternative energy products has resulted in a 13% decrease in solar energy system and product sales revenue for fiscal 2024. Sunnova has taken steps to address its financial condition, including mandating domestic content for dealers and raising prices.

Sunnova’s 71% Stock Plunge Heralds US Solar State of ‘Chaos’. Δ1.75

Sunnova Energy International Inc. experienced a dramatic 71% decline in its stock value amid warnings about its potential inability to continue operations, reflecting mounting pressures on the U.S. solar industry. This downturn follows similar concerns from other major solar players, such as First Solar and Sunrun, who are grappling with customer delays and stagnant installation volumes. The current landscape is characterized by uncertainty, driven by high interest rates, reduced state incentives, and policy shifts under the Trump administration that threaten the future of solar energy investments.

Ev Maker Polestar Seeks $450 Million Loan Amid Cash Burn Δ1.75

Polestar has secured additional loan funding of up to $450 million, it said on Friday, and would delay its fourth-quarter results to April as the Swedish electric vehicle maker burns through cash in its bid to bolster the business, amid falling demand. The company's financial struggles underscore the challenges facing many electric vehicle manufacturers in a softer buying environment and strong competition. Polestar's reliance on debt financing highlights the difficulties of sustaining profitability in an industry characterized by high upfront costs and intense market competition.

Moonwatt Secures $8.3M to Dial Up Solar’s Staying Power with Sodium-Ion Storage. Δ1.74

Moonwatt, a Netherlands-based clean tech startup, has raised €8 million in seed funding to develop an energy storage system optimized for solar power plants, utilizing sodium-ion battery technology. This innovative approach aims to enhance solar energy revenue and efficiency by allowing plants to store excess energy for later use, effectively increasing their capacity factor and returns on investment. With plans for pilot installations in Europe and commercial deployments by 2027, Moonwatt seeks to address the growing demand for specialized solar storage solutions amidst a surge in global solar energy production.

Mastec Beats Expectations as Clean Energy and Infrastructure Projects Drive Growth Δ1.74

MasTec's Q4 earnings and revenues beat estimates, driven by strong bookings of Clean Energy and Infrastructure projects, resulting in a nearly 2% increase in revenues year over year. The company delivered margin expansion that exceeded expectations, supported by strong execution. MasTec's diversified business model is expected to drive its performance in 2025 and beyond.

What To Expect From Plug Power’s (PLUG) Q4 Earnings Δ1.74

Plug Power is set to announce its Q4 earnings results tomorrow, following a disappointing last quarter where it missed revenue expectations by 18.7%, reporting $173.7 million in revenues, a 12.6% decline year-on-year. Analysts predict a rebound this quarter, with expected revenue growth of 18.5% to $263.3 million, although an adjusted loss of -$0.23 per share is anticipated. The performance of peers in the renewable energy sector, such as American Superconductor and Nextracker, may provide insights into market expectations and investor sentiment heading into Plug Power's earnings announcement.

China Announces Plans for Major Renewable Projects to Tackle Climate Change Δ1.74

China has announced a package of major renewable energy projects aimed at peaking its carbon emissions before 2030 and becoming carbon neutral by 2060. The country plans to develop new offshore wind farms, accelerate the construction of "new energy bases" across its desert areas, and construct a direct power transmission route connecting Tibet with Hong Kong, Macao, and Guangdong in the southeast. However, despite these ambitious plans, China's economy is struggling to become more energy efficient, leaving analysts questioning whether the country can meet its environmental targets.

US Withholds From Plan to Help Major Polluters Move From Coal Δ1.73

The United States has withdrawn from the Just Energy Transition Partnership, a collaboration between richer nations to help developing countries transition from coal to cleaner energy, several sources in key participating countries said. JETP, which consists of 10 donor nations, was first unveiled at the U.N. climate talks in Glasgow, Scotland in 2021, with South Africa, Indonesia, Vietnam and Senegal as its first beneficiaries. The decision marks a significant shift in the US's approach to global energy policy and raises concerns about the future of climate change mitigation efforts.

Lenovo's Solar-Powered Laptop at MWC Stole the Show with Surprising Practicality Δ1.73

The Lenovo Yoga Solar PC Concept has demonstrated a sleek and slim design that defies traditional solar panels' bulkiness, with energy conversion rates exceeding 24% per panel. The device's detachable triple-display, flippable AI PC, and solar power kit are also notable features announced by the company at MWC 2025. Lenovo hopes to popularize solar-powered laptops without sacrificing portability or usability.

Infinix Unveils Sustainable Solar Power Concepts for Phone Charging Δ1.73

Infinix is pushing the boundaries of consumer tech with its new solar power concepts that aim to revolutionize phone charging. The company's latest innovations, showcased at MWC, feature an integrated solar panel on the back of a phone and a solar-powered phone case. These cutting-edge designs harness perovskite solar cells to generate electricity, offering a sustainable solution for mobile devices.

ENPH's Market Plunge Reflects Solar Sector Volatility Δ1.73

Enphase Energy, Inc.'s (NASDAQ:ENPH) stock price plummeted on Friday, reaching a new all-time low of $56.83, as the company's solar panel array struggled to gain momentum despite a 26% revenue growth in the fourth quarter. The company's beta value indicates high market sensitivity, reflecting the significant volatility in the solar sector. Despite a tripled net income and increased revenues, ENPH's full-year results were marred by a 76.6% decline in net income.

Stocks Making the Biggest Moves Pre-Market: Tesla, Southwest Airlines, Coinbase, Capri and More Δ1.73

Tesla's stock price is surging after a strong earnings report, with some analysts predicting that the company's electric vehicle sales will continue to drive growth. The company's focus on sustainable energy solutions has also been credited with its success in navigating the challenges of the rapidly changing automotive industry. As a result, investors are optimistic about Tesla's prospects for long-term growth.

Solar Installer's Cash Crunch Signals Industry Turbulence Ahead Δ1.73

The entire solar industry has been bracing for a rough road ahead. Solar installer Sunnova issued a “going concern” warning as the company runs short on cash, with its stock currently down around 68% due to concerns about bankruptcy. In a bid to stave off insolvency, Sunnova plans to refinance debt, raise new debt, and cut expenses.

China Doubles US Research Output on Next-Gen Chips Amid Export Bans Δ1.73

A recent study reveals that China has significantly outpaced the United States in research on next-generation chipmaking technologies, conducting more than double the output of U.S. institutions. Between 2018 and 2023, China produced 34% of global research in this field, while the U.S. contributed only 15%, raising concerns about America's competitive edge in future technological advancements. As China focuses on innovative areas such as neuromorphic and optoelectric computing, the effectiveness of U.S. export restrictions may diminish, potentially altering the landscape of chip manufacturing.

Tesla Signs Deal for First India Showroom to Sell Imported EVs Δ1.73

Tesla has signed a lease deal to open its first showroom in Mumbai, marking the company's move towards selling imported electric vehicles (EVs) in India, despite high tariffs that weigh heavily on the carmaker. The five-year lease agreement is valued at around $2.5 million, with rent increasing by 5% each year. The showroom will be situated in a prominent business and retail hub near Mumbai's airport.

China Tech Soars in 2025 as Ai, Evs and Ar Lead the Way. Δ1.73

China's technology landscape in 2025 showcases remarkable advancements across multiple sectors, with the nation steadily positioning itself as a global technology powerhouse. Tech giants, including Tencent Holdings TCEHY, Alibaba BABA, Baidu BIDU, JD.com JD and PDD Holdings PDD, are making waves to capitalize on this technological renaissance, strategically investing in AI infrastructure and emerging technologies to strengthen China's digital ecosystem. The company's cost-effective AI architecture demonstrates that competitive AI models can be built at a fraction of Western competitors' costs.

J.P. Morgan Remains On The Sidelines For Plug Power - Here's Why Δ1.73

J.P. Morgan analyst Bill Peterson reiterated a Neutral rating on Plug Power, Inc., citing the company's revenue shortfall and customer warrant charges. Despite missing estimates, Peterson believes Plug Power can experience moderate growth in 2025 driven by increased material handling demand and margin improvements. The analyst remains cautiously optimistic about securing the DOE loan, but expects PLUG shares to remain range-bound until there is more clarity on the company's balance sheet and margin expansion.

Xiaomi to Sell EVs Globally 'Within the Next Few Years' After Launching $73,000 Premium Car Δ1.72

Xiaomi plans to expand its electric vehicle (EV) business beyond China's borders within the next few years, according to company President William Lu, who made the announcement at a product launch event in Barcelona. The Chinese tech giant's first luxury EV model, the SU7 Ultra, has already garnered significant interest with 15,000 orders in just 24 hours. As Xiaomi looks to challenge Tesla and other players in the global EV market, it must navigate complex regulatory environments and ensure the quality of its vehicles.

Aussie Dad Saving Money Through Solar Power Investment Δ1.72

An Aussie dad-of-two has shared how he is saving $200 off every electricity bill by investing in solar power. The Triffitt's installed solar panels and a battery on their home a few years ago, which has significantly reduced their energy bills. By making this investment, the family of four has not only saved money but also gained a backup option during power outages.

Supercomnet Technologies Berhad Full Year 2024 Earnings: EPS: RM0.037 (vs RM0.037 in FY 2023) Δ1.72

The Malaysian electrical industry's growth prospects remain intact, driven by Supercomnet Technologies Berhad's revenue expansion and forecasted 26% annual growth over the next three years. The company's net income has demonstrated a consistent upward trend, with a 7.8% increase from FY 2023. As the industry continues to evolve, investors should monitor the company's ability to maintain its profit margin at 21%.

Political Squabbling Cannot Slow TSMC’s Semiconductor Surge Δ1.72

Taiwan Semiconductor Manufacturing Company (TSMC) continues to assert its dominance in the semiconductor industry, leveraging its position to attract investment despite geopolitical tensions. The company has committed $100 billion to U.S. manufacturing and R&D, enhancing its global supply-chain security while catering to its American clientele, including major tech firms. As TSMC diversifies its operations beyond Taiwan, it not only mitigates risks but also fosters closer collaboration with U.S. partners, positioning itself favorably for future growth.

Honeywell to Buy Pump Maker Sundyne for $2.16 Billion Δ1.72

Honeywell International is set to expand its energy business with the acquisition of Sundyne, a leading manufacturer of engineered pumps and gas compressors, as part of its efforts to strengthen its presence in the aviation, automation, and energy sectors. The deal will add to Honeywell's unit catering to the energy and petrochemical industries, while enhancing its aftermarket services business. By acquiring Sundyne, Honeywell aims to capitalize on the growing demand for industrial equipment and services.

Revenue Prediction Startup Gong Surpasses $300M in Annualized Revenue, Indicating Potential IPO Path Δ1.72

Gong has announced that it has surpassed $300 million in annualized recurring revenue, reinforcing its status as a significant player in the revenue prediction market. The company, founded in 2016, leverages AI technology to analyze customer interactions, and its recent integration of generative AI has contributed to its growth. With a current valuation of approximately $7.25 billion, Gong's financial trajectory positions it favorably for a future IPO, although CEO Amit Bendov emphasizes a focus on product development over immediate public offering plans.