v3.24.2.u1
SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Schedule of reportable segments and operating income
   
Solar
    
Energy Storage
    
All other
  
Three Months Ended June 30, 2024
                  
Revenues
  
$
241,243
    
$
21,444
    
$
2,472
  
Cost of revenues
    
238,134
      
24,956
      
1,599
  
Gross profit (loss)
    
3,109
      
(3,512
)
    
873
  
Research and development
    
46,828
      
4,119
      
171
  
Sales and marketing
    
30,100
      
1,025
      
237
  
General and administrative
    
31,241
      
940
      
142
  
Segments profit (loss)
  
$
(105,060
)
  
$
(9,596
)
  
$
323
  
                         
Three Months Ended June 30, 2023
                        
Revenues
  
$
947,360
    
$
19,144
    
$
24,584
  
Cost of revenues
    
618,943
      
27,403
      
20,528
  
Gross profit (loss)
    
328,417
      
(8,259
)
    
4,056
  
Research and development
    
62,102
      
4,005
      
2,858
  
Sales and marketing
    
34,136
      
1,123
      
906
  
General and administrative
    
25,145
      
1,871
      
1,117
  
Segments profit (loss)
  
$
207,034
    
$
(15,258
)
  
$
(825
)
                         
Six Months Ended June 30, 2024
                        
Revenues
  
$
431,345
    
$
32,060
    
$
5,919
  
Cost of revenues
    
434,916
      
42,784
      
4,471
  
Gross profit (loss)
    
(3,571
)
    
(10,724
)
    
1,448
  
Research and development
    
98,114
      
7,678
      
356
  
Sales and marketing
    
59,295
      
1,842
      
459
  
General and administrative
    
54,463
      
1,529
      
255
  
Segments profit (loss)
  
$
(215,443
)
  
$
(21,773
)
  
$
378
  
                         
Six Months Ended June 30, 2023
                        
Revenues
  
$
1,855,865
    
$
28,277
    
$
50,648
  
Cost of revenues
    
1,209,048
      
46,981
      
47,166
  
Gross profit (loss)
    
646,817
      
(18,704
)
    
3,482
  
Research and development
    
117,925
      
8,214
      
5,177
  
Sales and marketing
    
65,281
      
2,038
      
1,552
  
General and administrative
    
49,888
      
4,823
      
1,943
  
Segments profit (loss)
  
$
413,723
    
$
(33,779
)
  
$
(5,190
)
Schedule of reconciliation to consolidated operating income
The following table presents information on reportable segments reconciliation to consolidated revenues for the periods presented:
 
   
Three Months Ended
June 30,
    
Six Months Ended
June 30,
  
   
2024
    
2023
    
2024
    
2023
  
Solar segment revenues
  
$
241,243
    
$
947,360
    
$
431,345
    
$
1,855,865
  
Energy Storage segment revenues
    
21,444
      
19,144
      
32,060
      
28,277
  
All other segment revenues
    
2,472
      
24,584
      
5,919
      
50,648
  
Revenues from finance component
    
246
      
202
      
480
      
389
  
Consolidated revenues
  
$
265,405
    
$
991,290
    
$
469,804
    
$
1,935,179
  
 
The following table presents information on reportable segments reconciliation to consolidated operating income for the periods presented:
 
   
Three Months Ended
June 30,
    
Six Months Ended
June 30,
  
   
2024
    
2023
    
2024
    
2023
  
Solar segment profit (loss)
  
$
(105,060
)
  
$
207,034
    
$
(215,443
)
  
$
413,723
  
Energy Storage segment loss
    
(9,596
)
    
(15,258
)
    
(21,773
)
    
(33,779
)
All other segment profit (loss)
    
323
      
(825
)
    
378
      
(5,190
)
Segments operating profit (loss)
    
(114,333
)
    
190,951
      
(236,838
)
    
374,754
  
Amounts not allocated to segments:
                                
Stock based compensation expenses
    
(38,571
)
    
(38,965
)
    
(76,177
)
    
(78,200
)
Restructuring and other exit activities
    
(4,885
)
    
-
      
(14,650
)
    
-
  
Impairment of long-lived assets
    
-
      
-
      
(1,732
)
    
-
  
Amortization and depreciation of acquired assets
    
(2,083
)
    
(1,379
)
    
(4,030
)
    
(3,414
)
Other unallocated expenses
    
(310
)
    
(249
)
    
(460
)
    
1,372
  
Consolidated operating income (loss)
    
(160,182
)
    
150,358
      
(333,887
)
    
294,512
  
Financial income (expense), net
    
(865
)
    
3,384
      
(7,929
)
    
27,058
  
Other income (loss), net
    
18,551
      
-
      
18,551
      
(125
)
Income (loss) before income taxes
  
$
(142,496
)
  
$
153,742
    
$
(323,265
)
  
$
321,445