SolarWorld, Germany’s largest module maker by market capitalization, saw its net quarterly profit rise 12.8% to €18.1m ($24.8m).
Its revenues jumped an even stronger 44.6% to €337.4m, which the firm attributes to growth in new markets – particularly the US.
The Bonn-based company shipped 191MW of modules during the third quarter, up 53% on the same period last year.
Despite the positive news, SolarWorld shares dropped more than 5% on its results.
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