Solar industry faces supply chain and logistics issues
POWER & RENEWABLE ENERGY

Solar industry faces supply chain and logistics issues

The solar industry is facing a slew of issues this year including prices of steel and aluminium, and a surge in freight costs.

SolarEdge Technologies, a US-domiciled power optimiser, solar inverter, and monitoring systems for photovoltaic arrays, has fallen by 16% in about four months after warning that margins will diminish a little in the coming months during logistics-related cost pressures.

The solar industry has been facing a sequence of problems this year involving higher prices for steel and aluminium plus an increase in freight costs. SolarEdge's disclosure came a week after rival solar-parts maker Enphase Energy said that there is no sign the worldwide shortage of semiconductor components will subside any time soon.

Jeff Osborne, an analyst at Cowen & Company, said that all of them impact gross margins, and gross-margin trends historically have been leading indicators of how to trade the stocks.

Last month, Maxeon Solar Technologies told the media that the solar industry faces pervasive upstream supply chain cost challenges. The panel manufacturer said that elevated costs for glass, solar cells, and freight might persist well into the second half of 2021.

Image Source


Also read: Exploring AI options in logistics and supply chain sector

The solar industry is facing a slew of issues this year including prices of steel and aluminium, and a surge in freight costs. SolarEdge Technologies, a US-domiciled power optimiser, solar inverter, and monitoring systems for photovoltaic arrays, has fallen by 16% in about four months after warning that margins will diminish a little in the coming months during logistics-related cost pressures. The solar industry has been facing a sequence of problems this year involving higher prices for steel and aluminium plus an increase in freight costs. SolarEdge's disclosure came a week after rival solar-parts maker Enphase Energy said that there is no sign the worldwide shortage of semiconductor components will subside any time soon. Jeff Osborne, an analyst at Cowen & Company, said that all of them impact gross margins, and gross-margin trends historically have been leading indicators of how to trade the stocks. Last month, Maxeon Solar Technologies told the media that the solar industry faces pervasive upstream supply chain cost challenges. The panel manufacturer said that elevated costs for glass, solar cells, and freight might persist well into the second half of 2021. Image SourceAlso read: Exploring AI options in logistics and supply chain sector

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code