Photovoltaic Installations to Accelerate in the Fourth Quarter

Published: Oct 13, 2022 13:22

Save

SHANGHAI, Oct 13 (SMM) - Recently, a number of photovoltaic listed companies have disclosed their three-quarter earnings forecasts, all of which point to significant growth.

SHANGHAI, Oct 13 (SMM) - Recently, a number of photovoltaic listed companies have disclosed their three-quarter earnings forecasts, all of which point to significant growth. Tongwei expects its net profit in the first three quarters to be 21.4-21.8 billion yuan, a year-on-year increase of 259.98%-266.71%; TCL Zhonghuan Renewable Energy Technology expects a net profit of 4.93-5.07 billion yuan in the first three quarters, a year-on-year increase of 78.53%-83.6%.

Industry insiders expect competition in the PV modules market to intensify and see stable silicon wafer prices. There may a wave of massive photovoltaic installations in the fourth quarter.

Output

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

19 hours ago

[SMM PV News] Puerto Rico Rooftop Solar Hits 20% of Total Power Capacity

Recent 'EIA' data shows rooftop solar now makes up 20% of Puerto Rico's power capacity (1,456 MW), surpassing natural gas as the second-largest source. Between 2016 and 2025, distributed solar accounted for 81% of all new capacity. To combat frequent grid outages, residents have deployed over 171,000 battery systems (2,864 MWh), with many joining grid operator LUMA's virtual power plant ('VPP') program. Despite this progress, new legislation extended the territory's sole coal plant to 2032 and removed interim renewable targets, though the 100% goal for 2050 remains.

19 hours ago

【SMM Analysis】Zhongke Liquid Sunshine (Shawan) Green Hydrogen Zero‑Carbon Project Commences Construction

19 hours ago

Apr 3, 2026 09:59

[SMM PV News] US Solar Faces Labor Shortage Ahead of 'OBBBA' Deadline

The US solar industry faces a 53,000-worker shortfall as developers rush to meet the July 2026 construction deadline under the 'OBBBA'. Projections indicate 355,000 workers are needed to hit the 60-70 GW installation targets, yet 86% of employers report hiring difficulties. The labor crunch is compounded by a mandate requiring 15% of labor hours to come from apprentices to secure tax credits. To adapt, developers are building internal training pipelines, targeting veterans, and utilizing digital tools to maximize efficiency.

Apr 3, 2026 09:59