Sinovoltaics has launched its newest report on the rating of power storage producers, based mostly on stability sheet assessments and publicly obtainable monetary info. It listed US-based Tesla as primary, adopted by South Korea’s LG Energy Solution, Taiwan-based Kung Long Battery, China’s Mustang Battery, with US-based Solid Power within the prime 5.
The newest Sinovoltaics monetary stability rating of battery power storage system producers, based mostly on a stability sheet mannequin and publicly obtainable monetary info, lists US-based Tesla as primary, adopted by South Korean LG Energy Solution, Taiwan- based mostly Kung Long Battery and Mustang Battery in China, with US-based Solid Power within the prime 5.
Sinovoltaics, a Hong Kong-based technical compliance and high quality assurance service firm, has launched its newest Energy Storage Manufacturers Ranking. The report, which is world in scope and covers 55 producers, is on the market to obtain free of charge. The outcomes are calculated from June 2020 to March 2024 to supply perception into the steadiness of scores over time.
The rating makes use of a so-called Altmann Z-score, a quantitative method for analyzing a number of company revenue and stability sheet values to evaluate an organization’s monetary well being. It assesses an organization’s monetary energy based mostly on publicly obtainable info by testing credit score energy based mostly on profitability, leverage, liquidity, solvency, and exercise ratios. A rating of 1.1 or much less signifies the next chance of chapter inside the subsequent two years, whereas the next rating of two.6 or extra signifies a robust monetary place. place.
The prime ten producers within the power storage rating embrace Tesla, LG Energy Solution, Kung Long Battery, Mustang Battery, Solid Power, together with Ireland-based Eaton, China-based Sinexcel, Japanese producers GS Yuasa and Sanyo, together with US-based Livet.
Sinovoltaics revealed a number of different producer rankings this 12 months, together with stories targeted on inverter producers and module producers. It factors out that though the stories don’t assess the standard of the tools, they can be utilized by patrons and different stakeholders within the business, comparable to monetary establishments, as a component of the due diligence course of, or to assist establish financially steady companions.
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