The newest monetary power rating of inverter producers lists Hoymiles Power Electronics, Eaton, Enphase, Kstar and Delta Electronics as the highest 5.
Sinovoltaics, a top quality assurance service firm primarily based in Hong Kong, has launched the third version of the Sinovoltaics PV inverter producer monetary power rating, with 32 producers. The rating relies on publicly obtainable data on publicly traded firms.
The prime ten inverter producers are China’s Hoymiles Power Electronics, Irish vitality administration specialist Eaton, US-based microinverter specialist Enphase Energy, China-based Kstar Science and Technology and Delta Taiwan-based Electronics, adopted by China’s Sinexcel, Switzerland-based ABB, China’s ABB. Goodwe, France’s Schneider Electric and US-based Emerson.
In this version, Schneider Electric is new within the prime ten, from fifteenth to ninth.
Sinovoltaics stated the report, which is international in scope and calculated as of September 2021, supplies perception into how the monetary power of inverter producers has improved over the previous three years. The report is free to obtain.
The rating relies on a so-called Altmann Z-score, a quantitative system that makes use of a number of company revenue and steadiness sheet values to measure an organization’s monetary well being. Sinovoltaics assesses an organization’s monetary power by testing credit score power 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 powerful monetary place. place.
Sinovoltaics revealed a number of different producer rankings for the quarter, together with reviews centered on battery producers and module producers. It notes that the monetary rating doesn’t replicate the standard of the tools, however it’s meant for use as a component within the due diligence course of, or to assist determine financially steady companions.
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