The newest Sinovoltaics monetary stability report rating lists Tainergy, Eterbright, First Solar, Era Solar, and TSEC as the highest 5 module makers. There was a slight reshuffling of the highest ten, and 7 new producers had been added to the rating.
Sinovoltaics, a Hong Kong technical compliance and high quality assurance service firm, has launched its newest PV Module Manufacturers Ranking, which is international in scope and consists of 59 panel suppliers, 7 greater than earlier rank. The report might be downloaded without spending a dime. The outcomes are calculated from June 2020 to March 2024 to offer perception into the soundness of scores over time.
In the newest report centered on the Sinovoltaics module, analysts famous a number of improved scores. For instance, Taiwan’s Eterbright Solar Corporation, a unit of Hiwin Technologies, moved up the rankings from third to second place, displacing US-based First Solar.
China’s DMEGC Solar, a unit of DMEGC Magnetics Group, rose from ninth to sixth, whereas India-based Adani Solar, a unit of Adani Enterprises, entered the highest ten in seventh place, up from 13.
The rating makes use of a so-called Altmann Z-score, a quantitative components that makes use of a number of company revenue and stability sheet values to measure an organization’s monetary well being. It assesses an organization’s monetary energy primarily based on publicly obtainable info by testing credit score energy primarily based on profitability, leverage, liquidity, solvency, and exercise ratios. A rating of 1.1 or much less signifies a better likelihood of chapter throughout the subsequent two years, whereas a better rating of two.6 or extra signifies a secure monetary state of affairs. place.
The producer main the rating is Taiwan-based Tainergy, adopted by Eterbright Solar Corporation, and First Solar. They had been adopted by China-based ERA Solar Technology and Taiwan-based TSEC, DMEGC, Adani Solar, Japan’s Kyocera, and China-based Tognwei Solar and Longi.
Sinovoltaics analysts notice that whereas the rankings don’t say something concerning the precise high quality of PV gear, consumers and different stakeholders within the business, similar to monetary establishments, can use the rating stories. as a part of the due diligence course of or to assist determine financially secure companions. .
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