BOSTON--(BUSINESS WIRE)--Sunwealth, the innovative clean energy investment firm delivering market-rate returns and wider-reaching social and environmental impact, today announced the completion of the World Learning School for International Training (SIT) solar project installation.

The 196.5 kW project, located on World Learning’s SIT Brattleboro, Vermont campus, will help the national non-governmental organization achieve $10,000 in energy savings per year. The project will also mitigate 183 metric tons of carbon in the first year of operation and produce approximately 260,200 kWh of renewable energy annually – equal to burning 211,866 pounds of coal per year.

“We have always been interested in renewables, but they can be cost prohibitive for organizations like ours,” said Kote Lomidze, Chief Financial Officer at World Learning. “Partnering with Sunwealth has given us access to an energy source that has been out of reach until now.”

Commercial solar development has traditionally been overlooked by banks and other financial institutions in favor of residential and utility-scale projects for two primary reasons: the lack of a credit rating system and the size of the projects.

Sunwealth’s proprietary underwriting process, however, ensures the credit worthiness of its commercial clients. In addition, Sunwealth’s approach minimizes transaction costs and provides investors with an attractive return potential and the opportunity to make a positive impact.

“The World Learning project represents what we envisioned when launching Sunwealth,” said Jonathan Abe, Chief Executive Officer at Sunwealth. “It’s incredible to see how World Learning is putting its energy savings to work furthering the organization’s mission.”

Solar Design Associates, Inc. an Ayer, Massachusetts engineering firm, and Dynamic Organics, LLC a renewable energy developer located in Putney, Vermont, designed and constructed the World Learning solar project. “As a local developer, we understand how every installation affects our community,” said Morgan Casella, Managing Partner at Dynamic Organics. “We’re proud to be part of a project team that helps create a more resilient economy right in our backyard.”

The World Learning project will begin testing operations in November 2017.

To learn more about Sunwealth, the Solar Impact Fund, and investing in the future of energy, please visit www.sunwealth.com.

About Sunwealth

Sunwealth (www.sunwealth.com) is a pioneering clean energy firm that delivers a unique investment model designed to expand access to commercial solar. The firm’s Solar Impact Fund is comprised of projects that deliver abundant clean energy to diverse communities and target market-rate return potential for investors. The Fund allows participants to forecast the impact of their investment from the beginning – and see that impact develop in real time through transparent monitoring and measurement tools.

About World Learning Inc.

World Learning Inc. (www.worldlearninginc.org) is distinct among our competitors as both an accredited academic institution and a global nonprofit. The World Learning Inc. family includes the School for International Training (SIT), offering accredited undergraduate study abroad programs through SIT Study Abroad, and globally focused master’s degrees through SIT Graduate InstituteThe Experiment in International Living, the nation’s most experienced and respected provider of international education and experiential learning for high school students; and World Learning, a global nonprofit working to empower people and strengthen institutions through global education, sustainable development, and exchange programs.

Under no circumstances is the information contained herein to be considered an offer to sell or as a solicitation of an offer to buy any financial product. Investments are offered only via definitive transaction documents and any potential investor should read such documents carefully, including all the risk factors relating to the investment, before investing.

Read more: Sunwealth™ Completes Installation of World...

LOS ANGELES, Nov. 14, 2017 /PRNewswire/ -- The quiet, eco-friendly, portable energy station solution of the future is here, thanks to Sparkbox.

Sparkbox is introducing a new innovative electric power station it calls "eco-portable energy."
Sparkbox is introducing a new innovative electric power station it calls "eco-portable energy."
Sparkbox launches an affordable next-generation compact charging solution enabling consumers to power anything, anywhere.
Sparkbox launches an affordable next-generation compact charging solution enabling consumers to power anything, anywhere.

In providing an illuminating glimpse into the potential of convenient portable power, Sparkbox is introducing a new innovative electric power station it calls "eco-portable energy." The Sparkbox compact charging station is transforming the energy industry landscape, bringing consumers the capability to power up virtually anything, anywhere, ranging from outdoor activities, including RVs, campers, emergency preparedness to small business, medical device and facility applications.

"Our company's charging solution is a culmination of our team's 10 plus years working with a wide variety of portable power products and mobile accessories. With Sparkbox, we are poised to revolutionize the industry," said Marty Wolf, founder and owner of Sparkbox. "Featuring two accessible AC & USB ports and a 12V CLA, our charger is powerful enough to charge an electric vehicle but small enough to fit comfortably in the car's trunk. The market applications for our product are truly unlimited."

Key benefits of the company's products:

  • Power: Sparkbox delivers 3 kWh of power (30-amp output), enabling it to charge many power devices, and can be fully charged from empty in a little over three hours. The product will offer 120V & 240V models.
  • Flexibility: Sparkbox comes with Bluetooth capability for iOS, Android, and desktop platforms, enabling remote battery monitoring, charge status alerts, and the ability to control the charger wherever the user goes. AC outlets are available directly on the case, and there are two onboard 3A USB chargers and a 12V CLA for convenient use. Sparkbox is weather & splash resistant, and features integrated wheels & handles built for rugged outdoor use.
  • Sustainability: Sparkbox requires no fuel, is quiet, has zero emissions, can be recharged thousands of times, ideal for indoor & outdoor use, and delivers a sustainable energy alternative to bulky, noisy gas-powered generators that also require costly fuel storage.
  • Affordability: Sparkbox will range in price from $1299-$1599, half the price of any comparable solution on the market.

"Sparkbox provides a powerful, clean, sustainable energy alternative to awkwardly designed gas-run generators that have dominated the market until now," Wolf said. "We've seen some competing products that came out recently in the 3kWh range but do not have the capacity to deliver similar amperage as Sparkbox. You can't plug an EV into these other chargers. There is no other complete affordable portable charging solution in the industry today. Few people realize that you can have access to this amount of energy in a portable device. Sparkbox is truly the high power eco-friendly portable electric power station you didn't know you've been waiting for and is proving once again that great things come in small packages."

Sparkbox is launching an Indiegogo campaign to bring its products to market.

About Sparkbox

With more than 30 years' experience in manufacturing consumer electronics, the Sparkbox team is on a mission to reinvent the portable generator industry in launching a new innovative design it calls "eco-portable energy."  The Sparkbox compact charging station is transforming the energy industry landscape, bringing consumers the capability to power up virtually anything, no matter their location, ranging from outdoor activities, including electric vehicles, RVs, campers, tailgaters, emergency preparedness to small business, medical devices, and facility applications. For more information, or to watch a video on Sparkbox: https://www.indiegogo.com/project/preview/680f813f#/

Contact:
George Pappas
949 339 2002
This email address is being protected from spambots. You need JavaScript enabled to view it.

View original content with multimedia:http://www.prnewswire.com/news-releases/eco-portable-energy-sparkbox-launches-an-affordable-next-generation-compact-charging-solution-enabling-consumers-to-power-anything-anywhere-300555225.html

SOURCE Sparkbox

Read more: Eco-Portable Energy: Sparkbox Launches an...

BEIJING, Nov. 13, 2017 /PRNewswire/ -- Bloomberg New Energy Finance is a leading provider of global PV business dynamics and financial information. Its PV Module Maker Tiering System is an important basis for global PV industry insiders to make decisions. Two of the most important evaluation criteria are "bankability" and "financial health".

Bloomberg BNEF ranks LONGI Solar as World No.2 by Financial Health
Bloomberg BNEF ranks LONGI Solar as World No.2 by Financial Health

According to the latest 2017Q2 rating report, LONGi Solar, which only entered the module market two years ago, is put on the list of "global top 10 PV module brands used in most debt-financed projects"; and its financial health ranks No.2 in the world and No.1 in China among all PV module makers.

- LONGi Solar Ranks among Global Top 10 PV Module Brands by Bankability

"Bankability" refers to whether projects using the solar products are likely to be offered non-recourse debt financing by banks.

Based on completed projects tracked down by its database, including 5,300 PV projects in the past two years, Bloomberg New Energy Finance made a debt financing brand tiering of global "tier 1" module makers, and LONGi Solar entered TOP10 (by projects after June 2015) with flying colors.

- Financial Health - No.2 in the World, No.1 in China

Altman-Z score is a ratio indicator that reflects the manufacturer's financial health, which effectively reflects the likelihood of a company's bankruptcy within two years. Score Z> 2.6 indicates that the enterprise is in a safe area, 1.1<Z<2.6 indicates a gray area and Z<1.1 indicates a dangerous area.

The results of the Bloomberg report show that in 2017Q2 only three module companies are in the "safe area", and LONGi Solar is the only Chinese module manufacturer, demonstrating excellent financial health.

View original content with multimedia:http://www.prnewswire.com/news-releases/bloomberg-bnef-ranks-longi-solar-as-world-no2-by-financial-health-300554600.html

SOURCE LONGi Solar

Read more: Bloomberg BNEF ranks LONGI Solar as World No.2...

SMA Wins Prestigious Manufacturing Excellence Award in Two Categories

2017-11-13

SMA Solar Technology AG (SMA) has won this year’s Manufacturing Excellence Award (MX Award) in the Process Innovation and Product Innovation categories. Every year, the MX Award honors top companies for ground-breaking best practice solutions. It is a benchmarking competition for the industry in German-speaking countries. SMA is receiving the award for the successful implementation of highly-efficient processes for sustainable cost reduction and innovative methods in developing new products. According to the jury, SMA has impressively succeeded in guaranteeing its future in a challenging market and setting the course for continuing to operate successfully in an increasingly digital energy world.

“We are delighted that the experts on the jury have recognized our commitment with two awards,” said Dr. Jürgen Reinert, SMA CTO and COO. “In particular, this is owing to our dedicated employees, efficient production processes, innovative product development processes and clear focus on productivity, the reduction of fixed costs and stringent change management. SMA thus reinforces its leading position in the solar industry and shows that, two years after a company transformation with profound changes, it is ideally equipped to survive in a challenging market and pave the way for its customers to an increasingly digitized energy world.”

Every year, the MX Award competition awards prizes to production companies for their ground-breaking solutions. In addition to partners from the industry, the MX Award is supported by the Logistics department at the Technical University of Berlin and the Chair of Production Engineering at RWTH Aachen. The participating companies receive valuable suggestions for the further development of their own processes and methods in the form of structured and thorough feedback from these experts. The judging for the MX Award competition takes place in two stages. First, the companies’ submissions are evaluated and the best companies in the Quality Management, Management Culture and Employee Integration, Information Technology, Logistics and Network Management, Process Innovation, Product Innovation, Customer Focus, Best SME and Overall Winner categories are nominated. An in-depth on-site analysis is then carried out by independent industry experts.

Learn more about the MX Award here: http://manufacturing-excellence.de/


About SMA
The SMA Group with sales of around €1 billion in 2016 is the global market leader for solar inverters, a key component of all PV plants. SMA offers a wide range of products and solutions that allow for high energy yields for residential and commercial PV systems and large-scale PV power plants. To increase PV self-consumption efficiently, SMA system technology can easily be combined with different battery technologies. Intelligent energy management solutions, comprehensive services and operational management of PV power plants round off SMA’s range. The company is headquartered in Niestetal, near Kassel, Germany, is represented in 20 countries and has more than 3,000 employees worldwide, including 500 working in Development. SMA’s multi-award-winning technology is protected by more than 1,000 patents and utility models. Since 2008, the Group’s parent company, SMA Solar Technology AG, has been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and is currently the only company in the solar industry that is listed in the TecDAX index.


SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany

Head of Corporate Communications:
Anja Jasper
Tel. +49 561 9522-2805
This email address is being protected from spambots. You need JavaScript enabled to view it.

Press Contact:
Susanne Henkel
Manager Corporate Press
Tel. +49 561 9522-1124
Fax +49 561 9522-421400
This email address is being protected from spambots. You need JavaScript enabled to view it.


Disclaimer:
This press release serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the “Company”) or any present or future subsidiary of the Company (together with the Company, the “SMA Group”) nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.

This press release can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the Managing Board of SMA Solar Technology AG (SMA or company) has available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporation and the estimates given here. These factors include those which SMA has discussed in published reports. These reports are available on the SMA website at www.SMA.de. The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments.

Read more: SMA Wins Prestigious Manufacturing Excellence...

THORNTON, CO--(Marketwired - Nov 14, 2017) - Ascent Solar Technologies, Inc. (OTCBB: ASTI), a developer and manufacturer of state-of-the-art, lightweight, and flexible thin-film photovoltaic (PV) solutions, reported results for the quarter ended September 30, 2017.

Q3 2017 Financial Results:

The Company posted net revenue of $242K for Q3 2017, a sharp increase of approximately 868%, or $217K, quarter-on-quarter growth. This is largely due to the successful shipments to our newly established OEM client for the development of the Energizer® PowerKeep™ line of solar products (see announcement dated September 13, 2017). As noted in previous announcements, the Company has streamlined its consumer business strategy to include only e-commerce, OEM, and private labeling; focusing more on the specialty PV markets such as defense, drones, aerospace, and satellite markets.

In addition to reporting improved revenue, the loss from operations continued to maintain at about the same level as last quarter at ($3.26M) but improved significantly, by about 41%, as compared to the loss during the same period last year of ($5.54M). The sharp improvement was a result of continuous cost reduction initiatives in both R&D and manufacturing operations, reduction in expenses resulting from the Company's exit from the brick and mortar consumer channels, as well as lower depreciation and amortization. The Company will continue to seek improvement and streamline its operations further to achieve better operational efficiency and further cost reduction.

The net loss for the quarter also narrowed to approximately ($2.35M), another sharp improvement of about 80% from ($11.79M) in corresponding quarter in 2016. The substantial reduction in net loss was due in part to improved operational loss indicated above, as well as a positive swing of $6.65M to a non-cash gain of $2.2M, from a non-cash loss of ($4.5M) in the same period in 2016, on extinguishment of liabilities associated with the outstanding convertible notes and convertible preferred stock.

Current liabilities were also reduced from $19.45M as of period ended December 31, 2016 to about $11.01M, as of the quarter ended September 30, 2017, as the Company continues to improve its cash flow and the accounts payable and creditors are being paid down. Cash in hand stood at about $1.08M as of September 30, 2017 as compared to $0.13M on December 31, 2017.

Management Comments:

"The switch in consumer strategy to an OEM and private labeling model has certainly yielded positive results, as reflected in the financial statements. It allowed us to streamline our business model and to better allocate our resources to focus on our core strength in the development of specialty PV markets with high entry barriers like the military, first responders, emergency power, aviation (drones), space and near-space applications," commented Victor Lee, President and CEO of Ascent Solar Technologies, Inc. "The earlier announcements of the successful delivery of the superlight and high-voltage modules, as well as our participation in the US Special Operations Command (SOCOM) Exclusive TE 17-3 event in Washington, DC, just to name a few, are both strong testimonies to our progress in the focus market."

Mr. Lee concluded, "We believe our achievement, in January 2017, of being the first and only flexible CIGS manufacturer to achieve ISO 9001:2015 certification, will help to speed up our sales velocity and enable us to better serve those premium market customers who demand highly robust and failure-proof products that are manufactured under a superlative Quality Management System. We are optimistically looking forward to a stronger 2018, as our high-value PV market focus begins to take shape. We look forward to updating our shareholders as we make continued progress."

ABOUT ASCENT SOLAR TECHNOLOGIES, INC:

Ascent Solar Technologies, Inc., an ISO 9001-2015 certified company, is a developer of thin-film photovoltaic modules using flexible substrate materials that are more versatile and rugged than traditional solar panels. Ascent Solar modules were named as one of the top 100 technologies in both 2010 and 2015 by R&D Magazine, and one of TIME Magazine's 50 best inventions for 2011. The technology described above represents the cutting edge of flexible power and can be directly integrated into consumer products and off-grid applications, as well as other aerospace applications. Ascent Solar is headquartered in Thornton, Colorado, where the company's quality management system has achieved ISO 9001:2015 certification. More information can be found at www.AscentSolar.com.

Forward-Looking Statements:

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with the Securities and Exchange Commission.

Read more: Ascent Solar Announces Further Improvement in...

BEIJING, Nov. 13, 2017 /PRNewswire/ -- Bloomberg New Energy Finance is a leading provider of global PV business dynamics and financial information. Its PV Module Maker Tiering System is an important basis for global PV industry insiders to make decisions. Two of the most important evaluation criteria are "bankability" and "financial health".

Bloomberg BNEF ranks LONGI Solar as World No.2 by Financial Health
Bloomberg BNEF ranks LONGI Solar as World No.2 by Financial Health

According to the latest 2017Q2 rating report, LONGi Solar, which only entered the module market two years ago, is put on the list of "global top 10 PV module brands used in most debt-financed projects"; and its financial health ranks No.2 in the world and No.1 in China among all PV module makers.

- LONGi Solar Ranks among Global Top 10 PV Module Brands by Bankability

"Bankability" refers to whether projects using the solar products are likely to be offered non-recourse debt financing by banks.

Based on completed projects tracked down by its database, including 5,300 PV projects in the past two years, Bloomberg New Energy Finance made a debt financing brand tiering of global "tier 1" module makers, and LONGi Solar entered TOP10 (by projects after June 2015) with flying colors.

- Financial Health - No.2 in the World, No.1 in China

Altman-Z score is a ratio indicator that reflects the manufacturer's financial health, which effectively reflects the likelihood of a company's bankruptcy within two years. Score Z> 2.6 indicates that the enterprise is in a safe area, 1.1<Z<2.6 indicates a gray area and Z<1.1 indicates a dangerous area.

The results of the Bloomberg report show that in 2017Q2 only three module companies are in the "safe area", and LONGi Solar is the only Chinese module manufacturer, demonstrating excellent financial health.

View original content with multimedia:http://www.prnewswire.com/news-releases/bloomberg-bnef-ranks-longi-solar-as-world-no2-by-financial-health-300554600.html

SOURCE LONGi Solar

Read more: Bloomberg BNEF ranks LONGI Solar as World No.2...

ADELAIDE, Australia--(BUSINESS WIRE)--The Government of Queensland, Australia, has announced the Powering Queensland’s Future Plan – its commitment to deliver affordable and stable power for Queensland households, businesses and industry, while acting on climate change. As part of this commitment, the Government will:

  • Create a publicly owned power generation company, CleanCo, with a mandate to deliver 1,000MW of new renewable energy projects for Queensland, with a focus on flexible dispatchable generation, and
  • Provide capital funding of $50 million to support a baseload solar thermal power station, which can provide electricity in Queensland even at night

SolarReserve fully supports Queensland’s commitment to renewable energy, and specifically to solar thermal technology. With the pledge of $50 million in funding for solar thermal, along with a publicly owned generation company that will deliver up to 1,000 megawatts of renewable projects by 2025, through mechanisms including signing power purchase agreements, the Queensland Government is establishing a policy framework that will facilitate investment in solar thermal projects in the State.

SolarReserve, the global leader in solar thermal technology with molten salt energy storage, is looking at sites across Queensland to develop up to six solar thermal facilities, representing a $3.8 billion AUD investment in Queensland in the next 10 years that will deliver up to 900 megawatts of fully dispatchable firm renewable electricity, creating up to 24,000 direct, indirect and induced jobs. In August, SolarReserve signed a long-term Generation Project Agreement (GPA) with the South Australian Government to build the 150 megawatt Aurora solar thermal power station with 8 hours of energy storage near the town of Port Augusta, South Australia.

About SolarReserve

SolarReserve is a leading global developer, owner and operator of utility-scale solar power projects, with more than $1.8 billion of projects in operation worldwide. The company has commercialised its proprietary ThermaVault™ advanced solar thermal technology with integrated molten salt energy storage that delivers renewable energy that is dispatchable 24/7. The technology is now one of the world’s leading energy storage technologies, and allows solar energy to operate like traditional fossil-fired and nuclear electricity generation – except the fuel is the sun which means zero emissions, zero hazardous waste, and zero dependence on fuel price volatility.

Since the company's formation in early 2008, SolarReserve's experienced team has assembled a pipeline of over 13 gigawatts across the world's most attractive, high growth renewable energy markets. SolarReserve is headquartered in the US, and maintains a global presence with seven international offices to support widespread project development activities across more than 20 countries.

Read more: SolarReserve Applauds Queensland’s Commitment to...

SAN DIEGO and SHENZHEN, China, Nov. 14, 2017 /PRNewswire/ -- Highpower International, Inc. (NASDAQ: HPJ) ("Highpower" or the "Company"), a developer, manufacturer, and marketer of lithium ion and nickel-metal hydride (Ni-MH) rechargeable batteries, battery management systems, and a provider of battery recycling, today announced its financial results for the third quarter ended September 30, 2017.

Third Quarter 2017 Highlights

  • Net sales for the third quarter of 2017 increased by 31.9% to $71.4 million from $54.1 million in the prior year period.
  • Gross profit for the third quarter of 2017 decreased by 0.8% to $13.6 million from $13.7 million in the prior year period.  
  • EBITDA for the third quarter of 2017 increased by 46.5% to $7.3 million from $5.0 million in the prior year period.
  • Net income attributable to the Company for the third quarter of 2017 was $5.0 million, or $0.32 per diluted share, as compared to $2.7 million, or $0.18 per diluted share, in the prior year period.  Net income for the quarter included a $1.7 million gain related to the sale of a long-term investment.

Mr. George Pan, Chairman and CEO of Highpower International, commented, "We are pleased to deliver strong top-line results in a challenging third quarter of 2017. Our lithium ion battery business revenue increased 42.8% year over year, driven by continued high demand for power storage systems and consumer devices including smart wearables, smart phones, and notebooks.  

"We expect that raw material prices will continue to rise and impact our gross margins in the fourth quarter and the foreseeable future. However, we are actively improving our production capacity and efficiency, maintaining a strong and cost competitive supply chain, and shifting to a higher-margin product mix, which will aid our growth in the coming year. To further strengthen our technology and product offerings in anticipation of future customer demand, Highpower will increase investment in R&D focused on strategic hiring and partnerships with leading universities and institutes. We also remain committed to exploring more strategic business partnerships to further grow our business and create lasting shareholder value," Mr. Pan concluded.

Third Quarter and First Nine Months of 2017 Financial Results

Net Sales

Net sales for the third quarter of 2017 increased by 31.9% to $71.4 million from $54.1 million in the prior year period, primarily attributable to growth in revenue from the Lithium segment. This was driven by increased demand in consumer products including portable power stations, smart wearable devices, smart phones, and notebooks.

Net sales increased 37.5% to $165.0 million in the first nine months ended September 30, 2017 as compared to $120.0 million in the same period 2016. The increase was also driven by growth in the Lithium segment due to increased demand in consumer products including portable power stations, smart wearable devices, smart phones, and notebooks.

Gross Profit

Gross profit for the third quarter of 2017 decreased by 0.8% to $13.6 million from $13.7 million in the prior year period. This decrease was mainly due to the product mix and the high raw material price. Gross margin for the third quarter of 2017 decreased to 19.0% from 25.2% in the prior year period.

Gross profit for the first nine months of 2017 increased 30.8% to $35.6 million from $27.2 million in prior year period. Gross margin was 21.6% and 22.7% for the nine months ended September 30, 2017 and 2016, respectively. The decrease in margin was also due to the product mix and the high raw material price.

Operating Expenses

  • Research and development (R&D) expenses for the third quarter of 2017 were $2.4 million as compared to $3.0 million in the prior year period. As a percentage of net sales, R&D expenses declined to 3.4% from 5.6% in the prior year period. The decrease was due to the high R&D consulting fee in the same period of 2016.

    Research and development expenses were $6.4 million, or 3.9% of net sales, for the first nine months of 2017 as compared to $6.7 million, or 5.6% of net sales, for the prior year period.

  • Selling and distribution expenses for the third quarter of 2017 remained stable at $1.9 million as compared to the prior year period. As a percentage of net sales, selling and distribution expenses decreased to 2.6% from 3.5% in the prior year period, primarily attributable to the Company's customer base optimization efforts.

    Selling and distribution expenses were $5.2 million, or 3.2% of net sales, as compared with $5.0 million, or 4.1% of net sales, for the nine months ended September 30, 2016.

  • General and administrative expenses for the third quarter of 2017 were $4.0 million as compared to $5.9 million in the prior year period. As a percentage of net sales, general and administrative expenses decreased to 5.5% from 11.0% in the prior year period.

    General and administrative expenses were $10.0 million, or 6.1% of net sales, as compared with $12.3 million, or 10.2% of net sales, for the nine months ended September 30, 2016.

Net Income

Net income attributable to the Company for the third quarter of 2017 increased to $5.0 million from $2.7 million in the prior year period. Net income attributable to the Company per diluted share for the third quarter of 2017 increased to $0.32 from $0.18 in the prior year period. The net income result for the third quarter of 2017 includes a $1.7 million gain related to the sale of a long-term investment.

For the quarter ended September 30, 2017 and 2016, the Company's weighted average diluted shares outstanding used in computing diluted share was 15,518,764 and 15,115,409, respectively.

Net income attributable to the Company for the first nine months of 2017 increased to $11.9 million from $4.4 million in the prior year period. Net income attributable to the Company per diluted share for the first nine months of 2017 increased to $0.77 from $0.29 in the prior year period.

For the nine months ended September 30, 2017 and 2016, the Company's weighted average diluted shares outstanding used in computing diluted share was 15,563,012 and 15,104,914, respectively.

EBITDA

EBITDA for the third quarter of 2017 increased by 46.5% to $7.3 million from $5.0 million in the prior year period. EBITDA for the first nine months of 2017 increased by 86.1% to $18.8 million from $10.1 million in the prior year period.

A table reconciling EBITDA, a non-GAAP financial measure, to the appropriate GAAP measure is included with the Company's financial information below.

Balance Sheet Highlights

($ in millions, except per share data)


September 30,


December 31,

2017


2016



(Unaudited)





$


$

Cash


$11.9


$9.3

Total Current Assets


$147.3


$104.5

Total Assets


$204.4


$163.3






Total Current Liabilities


$143.4


$118.0

Total Liabilities


$143.4


$118.0

Total Equity


$61.0


$45.3

Total Liabilities and Equity


$204.4


$163.3

Book Value Per Share


$3.94


$3.00

Financial Outlook

For the fourth quarter of 2017, the Company expects net revenues to grow 12.0% year-over-year.  Factoring in the impact of higher expected raw material prices, gross margin is expected to be between 16.0% and 17.0% in the fourth quarter of 2017. For full year 2018, the Company expects net revenues to grow at least 20.0% compared to 2017 and gross margin levels to exceed that of the fourth quarter of 2017.

Conference Call Details

The Company will hold a conference call on Tuesday, Nov 14, 2017 at 10:00 am Eastern Time or 11:00 pm Beijing Time to discuss the financial results. Participants may access the call by dialing the following numbers:

United States:

877-407-3108

International:

201-493-6797

To listen to the live webcast, please go to www.highpowertech.com and click on the conference call link, or go to http://highpowertech.equisolvewebcast.com/q3-2017. This webcast will be archived and accessible through the Company's website for approximately 30 days following the call.

About Highpower International, Inc.

Highpower International was founded in 2001 and produces high-quality Nickel-Metal Hydride (Ni-MH) and lithium-based rechargeable batteries used in a wide range of applications such as electric buses, bikes, energy storage systems, power tools, medical equipment, digital and electronic devices, personal care products, and lighting, etc. Highpower's target customers are Fortune 500 companies and top 20 companies in each vertical segment. With advanced manufacturing facilities located in Shenzhen, Huizhou, and Ganzhou of China, Highpower is committed to clean technology, not only in the products it makes, but also in the processes of production. The majority of Highpower International's products are distributed to worldwide markets mainly in the United States, Europe, China and Southeast Asia.

Use of Non-GAAP Measures

The Company has supplemented its reported GAAP (generally accepted accounting principles) financial information with non-GAAP measures. EBITDA was derived by taking earnings before interest expense (net), taxes, depreciation and amortization. The presentation of this additional information is not meant to be considered in isolation or as a substitute for results prepared in accordance with U.S. GAAP. The Company believes this non-GAAP measure is useful to investors as it provides a basis for evaluating the Company's operating results in the ordinary course of its operations. This non-GAAP measure is not based on any comprehensive set of accounting rules or principles. The Company believes that non-GAAP measures have limitations in that they do not reflect all of the amounts associated with its results of operations as determined in accordance with U.S. GAAP and that these measures should only be used to evaluate the Company's results of operations in conjunction with, and not in lieu of, the corresponding GAAP measures. EBITDA is reconciled in the table below to the most directly comparable measure as reported in accordance with GAAP.

Forward Looking Statements

This press release contains "forward-looking statements" within the meaning of the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995 that are not historical facts.  Such forward-looking statements include the proposed transaction regarding Ganzhou Highpower, approval by Highpower's board and Highpower's resulting equity ownership, Highpower's cash position and growth, production capacity, research and development efforts, strategic partnerships and business and financial expectations. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such statements involve known and unknown risks, uncertainties and other factors that could cause the Company's actual results to differ materially from the results expressed or implied by such statements, including, without limitation, the occurrence of any event, change or other circumstances that could give rise to the terms of the proposed Ganzhou Highpower not hereafter being approved by Highpower's board or memorialized in a definitive agreement; inability to successfully expand our production capacity; fluctuations in the cost of raw materials; our dependence on, or inability to attract additional, major customers for a significant portion of our net sales; our ability to increase manufacturing capabilities to satisfy orders from new customers; our ability to maintain increased margins; our dependence on the growth in demand for smart wearable devices and energy storage systems, and other digital products and the success of manufacturers of the end applications that use our battery products; lower than expected sales of batteries to producers of smart vacuum products; our responsiveness to competitive market conditions; our ability to successfully manufacture our products in the time frame and amounts expected; the market acceptance of our battery solutions, including our lithium ion batteries; and our ability to continue R&D development to keep up with technological changes. For a discussion of these and other risks and uncertainties see "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's public filings with the SEC. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company has no obligation to update the forward-looking information contained in this press release.

CONTACT:

Highpower International, Inc.
Sunny Pan
Chief Financial Officer
Tel: +86-755-8968-6521
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Yuanmei Ma
Investor Relations Manager
Tel: +1-909-214-2482
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

ICR, Inc.
Rose Zu
Tel: +1-646-931-0303
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

HIGHPOWER INTERNATIONAL, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(Stated in US Dollars)



September 30,

2017


December 31, 2016


(Unaudited)




$


$

ASSETS





Current Assets:





Cash

11,904,511


9,324,393


Restricted cash

20,905,411


11,213,640


Accounts receivable, net

56,313,941


46,280,769


Amount due from Yipeng

-


7,517,250


Notes receivable

6,805,932


1,093,730


Prepayments and other receivables

16,175,372


6,899,872


Inventories

35,216,303


22,207,333







Total Current Assets

147,321,470


104,536,987







Property, plant and equipment, net

49,789,095


43,504,991


Land use right, net

3,718,804


3,622,435


Other assets

462,500


500,000


Deferred tax assets

1,386,829


1,477,761


Long-term investment

1,765,499


9,689,576





TOTAL ASSETS

204,444,197


163,331,750





LIABILITIES AND EQUITY








LIABILITIES





Current Liabilities:





Accounts payable

59,937,145


49,463,901


Deferred income

807,792


761,491


Short-term loans

10,609,112


18,776,080


Non-financial institution borrowings

10,527,424


3,741,115


Notes payable

46,124,404


30,658,000


Foreign currency derivatives liabilities

169,958


-


Amount due to Yipeng

-


1,522,313


Other payables and accrued liabilities

13,061,886


11,148,556


Income taxes payable

2,212,145


1,963,298







Total Current Liabilities

143,449,866


118,034,754







Warrant Liability

-


259







TOTAL LIABILITIES

143,449,866


118,035,013





COMMITMENTS AND CONTINGENCIES

-


-







HIGHPOWER INTERNATIONAL, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(Stated in US Dollars)



September 30 2017


December 31, 2016


(Unaudited)




$


$

EQUITY





Stockholders' equity





Preferred stock

-


-


(Par value: $0.0001, Authorized: 10,000,000 shares, Issued and outstanding: none)





Common stock





(Par value: $0.0001, Authorized: 100,000,000 shares, 15,476,000 shares issued and
outstanding at September 30, 2017 and 15,114,991 shares issued and outstanding at
December 31, 2016)

1,547


1,511


Additional paid-in capital

12,307,206


11,580,934


Statutory and other reserves

4,992,463


4,992,463


Retained earnings

41,197,146


29,266,068


Accumulated other comprehensive income (loss)

1,848,819


(873,582)







Total equity attributable to the stockholders of Highpower International Inc.

60,347,181


44,967,394







Non-controlling interest

647,150


329,343







TOTAL EQUITY

60,994,331


45,296,737







TOTAL LIABILITIES AND EQUITY

204,444,197


163,331,750







HIGHPOWER INTERNATIONAL, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

(Stated in US Dollars)



Three months ended

September 30,


Nine months ended

September 30,


2017


2016


2017


2016


(Unaudited)


(Unaudited)


(Unaudited)


(Unaudited)


$


$


$


$

Net sales

71,405,560


54,142,916


164,972,338


119,972,281

Cost of sales

(57,845,224)


(40,475,820)


(129,405,402)


(92,784,475)

Gross profit

13,560,336


13,667,096


35,566,936


27,187,806









Research and development expenses

(2,433,928)


(3,029,628)


(6,385,144)


(6,688,397)

Selling and distribution expenses

(1,859,762)


(1,881,277)


(5,220,985)


(4,955,708)

General and administrative expenses

(3,959,731)


(5,935,907)


(10,034,694)


(12,254,520)

Foreign currency transaction (loss) gain

(816,593)


126,732


(1,645,095)


636,609

Loss on derivative instruments

(146,481)


-


(146,481)


-

Total operating expenses

(9,216,495)


(10,720,080)


(23,432,399)


(23,262,016)









Income from operations

4,343,841


2,947,016


12,134,537


3,925,790









Changes in fair value of warrant liability

-


(11,150)


259


115,396

Other income

94,775


505,928


949,233


1,717,803

Equity in earnings of investee

1,087


218,903


106,412


218,903

Gain on dilution in equity method investee

5,071


-


496,396


-

Gain on sales of long-term investment

1,664,377


-


1,664,377


-

Interest income (expenses)

57,663


(341,520)


(926,185)


(1,051,914)

Income before taxes

6,166,814


3,319,177


14,425,029


4,925,978









Income taxes expenses

(1,013,919)


(769,065)


(2,197,392)


(978,882)

Net income

5,152,895


2,550,112


12,227,637


3,947,096









Less: net income (loss) attributable to non-controlling
interest

128,702


(101,194)


296,558


(413,384)

Net income attributable to the Company

5,024,193


2,651,306


11,931,079


4,360,480









Comprehensive income








Net income

5,152,895


2,550,112


12,227,637


3,947,096

Foreign currency translation gain (loss)

1,258,937


171,574


2,743,650


(1,542,704)

Comprehensive income

6,411,832


2,721,686


14,971,287


2,404,392









Less: comprehensive income (loss) attributable to non-
controlling interest

139,461


(103,831)


317,807


(429,713)

Comprehensive income attributable to the Company

6,272,371


2,825,517


14,653,480


2,834,105









Earnings per share of common stock attributable to the
Company








- Basic

0.33


0.18


0.78


0.29

- Diluted

0.32


0.18


0.77


0.29









Weighted average number of common stock outstanding








- Basic

15,369,674


15,103,007


15,270,898


15,102,121

- Diluted

15,518,764


15,115,409


15,563,012


15,104,914

Reconciliation of Net Income to EBITDA



Three months ended

September 30,


Nine months ended

September 30,


2017


2016


2017


2016


(Unaudited)


(Unaudited)


(Unaudited)


(Unaudited)


$


$


$


$

Net income attributable to the Company

5,024,193


2,651,306


11,931,079


4,360,480









Interest (income) expense

(57,663)


341,520


926,185


1,051,914

Income taxes expenses

1,013,919


769,065


2,197,392


978,882

Depreciation and Amortization

1,362,196


1,249,157


3,792,178


3,735,353









EBITDA

7,342,645


5,011,048


18,846,834


10,126,629

HIGHPOWER INTERNATIONAL, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Stated in US Dollars)



Nine Months Ended September 30,


2017


2016


(Unaudited)


(Unaudited)


$


$

Cash flows from operating activities




Net income

12,227,637


3,947,096

Adjustments to reconcile net income to net cash (used in) provided by operating activities:




Depreciation and amortization

3,792,178


3,735,353

Allowance for doubtful accounts

48,866


1,661,968

Loss on disposal of property, plant and equipment

57,277


197,848

Deferred income tax

153,625


(63,934)

Loss on derivative instruments

166,387


-

Equity in earnings of investee

(106,412)


(218,903)

Gain on dilution in equity method investee

(496,396)


-

Gain on sales of long-term investment

(1,664,377)


-

Share based compensation

86,921


244,142

Changes in fair value of warrant liability

(259)


(115,396)

Changes in operating assets and liabilities:




Accounts receivable

(8,517,071)


(13,619,029)

Notes receivable

(5,543,798)


(59,905)

Prepayments and other receivables

(8,775,985)


(230,595)

Amount due from Yipeng

7,691,900


(3,004,025)

Amount due to Yipeng

(1,557,682)


1,560,360

Inventories

(11,753,127)


(2,457,733)

Accounts payable

7,049,819


11,817,867

Deferred income

11,637


(82,697)

Other payables and accrued liabilities

1,394,691


3,745,023

Income taxes payable

156,744


119,859

Net cash flows (used in) provided by operating activities

(5,577,425)


7,177,299





Cash flows from investing activities




Acquisitions of property, plant and equipment

(7,297,901)


(8,474,440)

Acquisition of investment

-


(3,039,006)

Proceeds from sale of long-term investment

10,453,475


-

Net cash flows provided by (used in) investing activities

3,155,574


(11,513,446)





Cash flows from financing activities




Proceeds from short-term loans

8,797,727


18,158,059

Repayments of short-term loans

(17,594,229)


(10,650,400)

Repayments of long-term loans

-


(1,823,403)

Proceeds from non-financial institution borrowings

10,306,243


4,558,509

Repayments of non-financial institution borrowings

(3,828,033)


-

Proceeds from notes payable

62,193,463


41,908,812

Repayments of notes payable

(48,408,417)


(39,518,955)

Proceeds from exercise of employee options

635,484


19,304

Change in restricted cash

(8,992,019)


601,759

Net cash flows provided by financing activities

3,110,219


13,253,685

Effect of foreign currency translation on cash

1,891,750


(1,290,306)

Net increase in cash

2,580,118


7,627,232

Cash - beginning of period

9,324,393


5,849,967

Cash - end of period

11,904,511


13,477,199





Supplemental disclosures for cash flow information:




Cash paid for:




Income taxes

1,464,592


922,957

Interest expenses

1,402,447


1,051,914

Non-cash investing and financing activity




Offset of deferred income related to government grant and property, plant and equipment

171,403


33,019

View original content:http://www.prnewswire.com/news-releases/highpower-international-reports-unaudited-third-quarter-first-nine-months-2017-financial-results-300555301.html

SOURCE Highpower International, Inc.

Read more: Highpower International Reports Unaudited Third...

SHANGHAI, Nov. 13, 2017 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully-integrated solar project developer and operator, today announced that, due to personal reasons, Kevin Chen has decided to resign as President of the U.S. region to pursue other interests, effective November 10, 2017. In the meantime, the Company has appointed Doran Hole as Chief Executive Officer of North America and Group Vice President of Strategy, which will be effective November 13, 2017.

Doran will report to the Company's Group Chief Executive Officer and will be responsible for spearheading the project development efforts and managing operations and finance in North America. Additionally, in this expanded position, Doran will lead the Company's capital market activities.

Doran joined ReneSola in December 2016 as CFO of ReneSola U.S. He brought over 20 years of experience across the capital markets with a focus on renewable energy. Prior to joining ReneSola, Doran worked at multiple institutions such as Deutsche Bank, ING and Macquarie. Doran is a CFA charter holder and Certified Public Accountant.

Xianshou Li, ReneSola's Chief Executive Officer, commented, "Doran's deep knowledge of the solar industry, experience in structuring complex financial transactions, and understanding of the US regulatory and tax regimes have played a critical role in the success leading our U.S. business unit. As the Company transitions to a pure play project developer and operator in this dynamic solar market, we look forward to seeing future growth and expansion under Doran's leadership and we are confident in his ability to effectively drive the Company to improved financial and operational performance."

Mr. Li continued, "We greatly appreciate the contributions Kevin has made during his tenure at ReneSola. We respect his decision and wish him the very best in his future endeavors."

About ReneSola

Founded in 2005, and listed on the New York Stock Exchange in 2008, ReneSola (NYSE: SOL) is an international leading brand of solar project developer and operator. Leveraging its global presence and solid experience in the industry, ReneSola is well positioned to develop green energy projects with attractive return around the world. For more information, please visit www.renesolapower.com.

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:

In China:

ReneSola Ltd
Ms. Rebecca Shen
+86 (21) 6280-9180 x106
This email address is being protected from spambots. You need JavaScript enabled to view it.

The Blueshirt Group Asia
Mr. Gary Dvorchak, CFA
+86 (138) 1079-1480
This email address is being protected from spambots. You need JavaScript enabled to view it.

In the United States:

The Blueshirt Group
Mr. Ralph Fong
+1 (415) 489-2195
This email address is being protected from spambots. You need JavaScript enabled to view it.

View original content with multimedia:http://www.prnewswire.com/news-releases/renesola-announces-senior-management-changes-300553746.html

SOURCE ReneSola Ltd.

Read more: ReneSola Announces Senior Management Changes

BEIJING, Nov. 10, 2017 /PRNewswire/ -- As anticipated, U.S. president Donald Trump and his business delegation have energy high on the agenda for their official visit to Beijing. Yesterday representatives from the two countries confirmed $250 billion in deals, among which energy businesses figure prominently. As a global leading thin-film solar power company, Hanergy believes that the transactions between the two countries will greatly benefit the cooperation and the development of energy industry. As these companies move forward in their business with China, they might look to Hanergy's business presence in America as a model of win-win US-China cooperation.

For the past few years, Hanergy has been actively pushing forward the US-China clean energy industry with its farsighted investments in thin film solar technology. Hanergy has acquired three US thin film solar companies -- MiaSolé, Alta Devices, and Global Solar Energy, revitalizing them and bringing technological advantages together to expand the scope of the thin film solar industry to the entire globe within just a few years.

Following the acquisition and successful technological integration of three U.S. thin-film solar companies, Hanergy's subsidiaries have realized significant synergies. Hanergy continuously invests in research and development, enhancing the vitality of U.S. companies. In December 2012, Hanergy acquired Silicon Valley based solar company MiaSolé, the world leader in Copper Indium Gallium Selenide (CIGS) solar technology. In the five years since the acquisition, the money poured into research and development has allowed the company to increase the conversation efficiency of its solar cells at an average rate of 1 percent a year, eventually attaining its current conversion efficiency of 18%  -- the world's highest for sputtering CIGS flexible modules.

Meanwhile, through global technical integration and independent innovation, Hanergy has become a world leader in thin-film solar technology, holding five world records in conversion efficiency. As of October 2017, the company holds over 2000 patents. In addition, Hanergy has over 1,800 employees working in R&D, including world leading experts on semiconductors and photovoltaics.

Hanergy has also brought thin film solar technology to China, contributing to the green transformation of the country's energy mix. In July 2017, Hanergy launched Hantile, a new product combining highly efficient solar cells with traditional roof tiles. When deployed at a large scale, the tiles can abate significant amounts of carbon, making homes and buildings more eco-friendly. On the transportation side, Hanergy's U.S. subsidiary Alta Devices works with German car maker Audi to integrate solar cells into panoramic glass automobile roofs. Hanergy is also cooperating with major bike sharing companies, including Mobike, 99 Bicycle and MTBike to integrate thin-film solar panels into the bodies of more than 15 million bicycles over the next three years. 

Media contact

Danning Wang
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: +86(10) 83914567 ext 3118

View original content:http://www.prnewswire.com/news-releases/with-energy-on-the-agenda-for-trump-visit-to-beijing-hanergy-is-a-model-of-win-win-us-china-cooperation-300553787.html

SOURCE Hanergy Holding Group

Read more: With Energy on the Agenda for Trump Visit to...

PEKING, 14. November 2017 /PRNewswire/ -- Bloomberg New Energy Finance ist ein führender Anbieter von Informationen über die Geschäftsdynamik und Finanzkraft von Unternehmen in der weltweiten Photovoltaik-Industrie (PV). Das „PV Module Maker Tiering System" des Unternehmens stellt eine wichtige Grundlage für die Entscheidungsfindung von Insidern in der weltweiten PV-Branche dar. Zwei der bedeutendsten Bewertungskriterien sind „Finanzierbarkeit" und „finanzielle Lage".

Dem jüngsten 2017Q2 Ratingbericht zufolge schaffte LONGi Solar, das erst seit zwei Jahren auf dem Markt für PV-Module tätig ist, den Sprung in die Liste der „Top 10 PV-Modul-Marken der Welt, die in den meisten fremdfinanzierten Projekten zum Einsatz kommen", und die finanzielle Lage des Unternehmens unter den Herstellern von PV-Modulen wurde mit dem 2. Platz in der Welt und dem 1. Platz in China bewertet.

- LONGi Solar unter den weltweiten Top 10 der PV-Modul-Marken nach Finanzierbarkeit

„Finanzierbarkeit" bezieht sich auf die Wahrscheinlichkeit, dass Projekte, bei denen Solarprodukte zum Einsatz kommen, Darlehen ohne Rückgriffmöglichkeit von Banken erhalten werden.

Bloomberg New Energy Finance erstellte basierend auf den in seiner Datenbank verfolgten, zum Abschluss gebrachten Projekten, einschließlich 5.300 PV-Projekte in den vergangenen zwei Jahren, ein Ranking von fremdfinanzierten Marken von „Tier 1"-Modulherstellern, und LONGi Solar schaffte gleich den Sprung in die TOP10 (basierend auf Projekten ab Juni 2015).

- Finanzielle Lage – Nr. 2 in der Welt, Nr. 1 in China

Das Z-Faktor-Modell von Altman ist ein Verhältnisindikator, der die finanzielle Lage der Hersteller widerspiegelt, d. h. die faktische Wahrscheinlichkeit der Insolvenz eines Unternehmens in den kommenden zwei Jahren. Ein Score von Z> 2,6 bewertet das Unternehmen als nicht insolvenzgefährdet, ein Score von 1,1<Z<2,6 platziert das Unternehmen in einer Grauzone und bei einem Score von Z<1,1 gilt das Unternehmen als insolvenzgefährdet.

Die Ergebnisse des Bloomberg-Berichts machen deutlich, dass im 2. Quartal des Jahres 2017 nur drei Hersteller von PV-Modulen als nicht insolvenzgefährdet galten, und LONGi Solar ist das einzige chinesische Modulhersteller, der eine ausgezeichnete finanzielle Lage demonstrieren konnte.

Foto - https://mma.prnewswire.com/media/602632/LONGi_Solar.jpg

SOURCE LONGi Solar

Read more: Bloomberg BNEF bewertet finanzielle Lage von...

SHANGHAI, Nov. 13, 2017 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully-integrated solar project developer and operator, today announced that, due to personal reasons, Kevin Chen has decided to resign as President of the U.S. region to pursue other interests, effective November 10, 2017. In the meantime, the Company has appointed Doran Hole as Chief Executive Officer of North America and Group Vice President of Strategy, which will be effective November 13, 2017.

Doran will report to the Company's Group Chief Executive Officer and will be responsible for spearheading the project development efforts and managing operations and finance in North America. Additionally, in this expanded position, Doran will lead the Company's capital market activities.

Doran joined ReneSola in December 2016 as CFO of ReneSola U.S. He brought over 20 years of experience across the capital markets with a focus on renewable energy. Prior to joining ReneSola, Doran worked at multiple institutions such as Deutsche Bank, ING and Macquarie. Doran is a CFA charter holder and Certified Public Accountant.

Xianshou Li, ReneSola's Chief Executive Officer, commented, "Doran's deep knowledge of the solar industry, experience in structuring complex financial transactions, and understanding of the US regulatory and tax regimes have played a critical role in the success leading our U.S. business unit. As the Company transitions to a pure play project developer and operator in this dynamic solar market, we look forward to seeing future growth and expansion under Doran's leadership and we are confident in his ability to effectively drive the Company to improved financial and operational performance."

Mr. Li continued, "We greatly appreciate the contributions Kevin has made during his tenure at ReneSola. We respect his decision and wish him the very best in his future endeavors."

About ReneSola

Founded in 2005, and listed on the New York Stock Exchange in 2008, ReneSola (NYSE: SOL) is an international leading brand of solar project developer and operator. Leveraging its global presence and solid experience in the industry, ReneSola is well positioned to develop green energy projects with attractive return around the world. For more information, please visit www.renesolapower.com.

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:

In China:

ReneSola Ltd
Ms. Rebecca Shen
+86 (21) 6280-9180 x106
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The Blueshirt Group Asia
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View original content with multimedia:http://www.prnewswire.com/news-releases/renesola-announces-senior-management-changes-300553746.html

SOURCE ReneSola Ltd.

Read more: ReneSola Announces Senior Management Changes

SAN JOSE, Calif., Nov. 10, 2017 /PRNewswire/ -- BuildingGreen – a trusted, independent source among builders for over 30 years – has long recognized green building products that help transform the industry by conserving energy and water, reducing emissions, and improving the overall environmental impact of physical structures. Today, SunPower (NASDAQ: SPWR) announces that its solar carport solutions are being recognized as one of BuildingGreen's top 10 recommended products for 2018.

Recognizing the Most Innovative, Green Products Transforming the Building Industry and Earning Customers More LEED Points
Recognizing the Most Innovative, Green Products Transforming the Building Industry and Earning Customers More LEED Points

"Our annual, Top 10 Green Building Products list represents the most exciting new innovations and biggest breakthroughs in health and environmental performance across all major building product sectors," said Brent Ehrlich, BuildingGreen's products and materials specialist. "We selected SunPower's carport solutions for their use of underutilized spaces, and for their multi-functional structural designs that can incorporate graywater and EV charging. SunPower's efficient solar panels are also Cradle to Cradle Certified™ Silver and can count toward LEED credits."

Drawing on decades of experience, SunPower has designed and engineered a suite of commercial solar carport solutions that efficiently monetize available space such as ground-level parking lots and the tops of parking garages. SunPower® E-Series or X-Series direct current solar panels can be affixed to the top of the carports, generating clean electricity and providing shade to vehicles underneath. These top-performing solar panels generate 45 percent more energy in the same space over 25 years when compared to conventional panels, contributing up to 35 percent of the credits required for the U.S. Green Building Council's LEED certification. They are also the first and only solar panels to receive Cradle to Cradle Certified™ Silver designation which demonstrates a product's quality based on five categories: material health, material reutilization, renewable energy use, water stewardship and social fairness.

"Our carports are sustainable, innovative solutions for companies looking to achieve reliable energy cost savings with solar while optimizing land use and adding an elegant, multi-functional feature to campuses that employees benefit from as well," said Norm Taffe, SunPower's executive vice president of products. "We are proud to see SunPower's solar carport offerings recognized by reputable experts knowledgeable in sustainable building and design, and look forward to delivering superior performance and value to more customers with our leading energy solutions."

SunPower's integrated carport designs also offer add-on features including water management, energy storage, electric vehicle charging, and energy-efficient lighting, giving customers more ways to enhance corporate sustainability efforts. To see how SunPower's broad range of carport solutions are meeting unique customer needs nationwide, visit www.sunpower.com/carport.    

About SunPower

As one of the world's most innovative and sustainable energy companies, SunPower (NASDAQ: SPWR) provides a diverse group of customers with complete solar solutions and services. Residential customers, businesses, governments, schools and utilities around the globe rely on SunPower's more than 30 years of proven experience. From the first flip of the switch, SunPower delivers maximum value and superb performance throughout the long life of every solar system. Headquartered in Silicon Valley, SunPower has dedicated, customer-focused employees in Africa, Asia, Australia, Europe, and North and South America. For more information about how SunPower is changing the way our world is powered, visit www.sunpower.com.

SunPower's Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding projected energy output, cost savings, and anticipated product performance. These forward-looking statements are based on our current assumptions, expectations, and beliefs and involve substantial risks and uncertainties that may cause results, performance, or achievement to materially differ from those expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: regulatory changes and the availability of economic incentives promoting use of solar energy, challenges inherent in constructing and maintaining certain of our large projects, competition and market conditions in the solar and general energy industry, and fluctuations or declines in the performance of our solar panels and other products and solutions. A detailed discussion of these factors and other risks that affect our business is included in filings we make with the Securities and Exchange Commission (SEC) from time to time, including our most recent reports on Forms 10-K and 10-Q, particularly under the heading "Risk Factors." Copies of these filings are available online from the SEC or on the SEC Filings section of our Investor Relations website at investors.sunpowercorp.com. All forward-looking statements in this press release are based on information currently available to us, and we assume no obligation to update these forward-looking statements in light of new information or future events.

©2017 SunPower Corporation.  All Rights Reserved.  SUNPOWER and the SUNPOWER logo are registered trademarks of SunPower Corporation in the U.S. and other countries as well. Cradle to Cradle Certified™ is a certification mark licensed by the Cradle to Cradle Products Innovation Institute.

View original content with multimedia:http://www.prnewswire.com/news-releases/sunpower-solar-carport-solutions-earn-spot-on-buildinggreens-top-10-products-for-2018-300553720.html

SOURCE SunPower Corp.

Related Links

https://www.sunpower.com
http://newsroom.sunpower.com

Read more: SunPower Solar Carport Solutions Earn Spot on...

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