In Short : “Sterling & Wilson Renewable Energy Ltd achieves EBITDA positivity in FY24, signaling a significant milestone in its financial performance and affirming its resilience and growth trajectory in the renewable energy sector.” In Detail : Sterling and Wilson Renewable Energy Limited (SWREL) (BSE Scrip Code: 542760; NSE Symbol: SWSOLAR), a leading home-grown renewable […]
Adani Group eyes achieving Rs 90,000 crore EBITDA in 2-3 years – EQ Mag
Adani’s projected EBITDA of more than Rs 90,000 crore is expected by FY23, according to a company note. Adani Group has set a target of achieving Rs 90,000 crore EBITDA in the next 2-3 years. This would be a significant jump from the group’s current EBITDA of around Rs 50,000 crore. The Adani Group is […]
RWE’s nine-month results up year on year despite weather impacts – EQ Mag Pro
Adjusted EBITDA increases to €2.4 billion compared to €2.3 billion in the same period last year Adjusted net income for first three quarters up by around €230 million year on year, to €1.0 billion Gross investment of €2.5 billion in wind power and solar plants as well as batteries in the first three quarters of […]
Third quarter 2021: Strong operational performance – EQ Mag Pro
Oslo : Scatec’s third-quarter proportionate revenues were NOK 1,254 million (556) with EBITDA of NOK 767 million (319) and an associated EBITDA margin of 61%. Power production more than doubled from the same quarter last year and totalled 1,065 GWh (430) after the acquisition of SN Power, strong operational performance and grid connection of new solar […]
RIL’s green energy business taking shape, may contribute 10% of EBITDA in 5 yrs
Reliance is building a green energy business to supply the equipment India will need for its green energy revolution. Billionaire Mukesh Ambani’s Reliance Industries Ltd (RIL) has made a wave of partnerships to give shape to its green energy business that spans solar, battery and hydrogen investments and could contribute almost 10 per cent of […]
EKI Energy’s Market Capitalization Crosses Mark of Rs 1,000 Crore
World’s premier carbon offset developer ‘EKI Energy Services Ltd’ (brand name ‘EnKing International’) is amongst the leading companies in the carbon credit industry with an established global footprint. A recent analysis by EQ iSearch indicates that the company is on a tremendous growth path. EnKing International has reported great performance across all business verticals during […]
Should You Buy Electric Vehicle Charging Stocks Right Now?
Does the growth in electric vehicles automatically translate into growth for EV charging companies? Electric vehicle charging companies face intense competition from home charging, as well as networks provided by EV makers. The EV charging business model is still evolving. Expected growth in EVs would drive demand for charging infrastructure. With the number of electric […]
SunPower Reports Q1/2021 GAAP Revenues As $306.4 Million
SunPower Corporation’s Revenues Slid By Over 10% Sequentially In Q1/2021, While Growing More Than 5% Annually; Reiterates 2021 Annual Guidance. SunPower recognized 127 MW capacity in Q1/2021, a quarter when its revenues dropped by more than 10% annually. But the management is confident of being in a position to benefit from strong industry tailwinds and […]
Daqo New Energy Announces Unaudited First Quarter 2021 Results
SHANGHAI : Daqo New Energy Corp. (NYSE: DQ) (“Daqo New Energy”, the “Company” or “we”), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced its unaudited financial results for the first quarter of 2021. First Quarter 2021 Financial and Operating Highlights Polysilicon production volume was 20,185 MT in Q1 2021, […]
Tata Power Records PAT of Rs 481 Cr in Q4 FY21
On a consolidated basis, Tata Power Company reported 1% rise in net profit to Rs 481 crore in Q4 FY21 from Rs 475 crore, due to saving in finance cost offset by exceptional gain in previous year. Revenue in Q4 FY21 stood at Rs 10,255 crore, up by 49% from Rs 6,881 crore in the […]