Sinovoltaics PV Manufacturers Ranking Reports: Edition 4-2022

In Edition #4 -2022 of PV Manufacturers Ranking Reports, you can access the ranking of 70+ PV Module manufacturers,  30+ Inverter manufacturers & 40+ Energy Storage manufacturers  for  FREE. Access the reports and learn about the manufacturer’s financial strength.

The Altman-Z Scores in this report have been  calculated from December 2019 until September 2022,  and provide detailed insight into how  the financial strength of PV manufacturers  has evolved over the past 3 years.

What’s the value of Altman Z-Scores?
Altman-Z Scores are calculated to understand which manufacturers are financially stable, and which players are at risk of going bankrupt. For any stakeholder involved in solar projects, the financial stability of your project’s PV Modules, Inverters, and Energy Storage manufacturer is of crucial importance as employing PV components from financially stable manufacturers provides a better hedge against the potential risks of collapsing return on investment (ROI) of any PV project.

Why is the financial stability of a manufacturer important?
The financial stability of a PV manufacturer is geared toward the validity and enforceability of the warranty policies on their products. Most people realize that  today’s   Energy Storage and Inverter  manufacturers will probably not be around in 25 years . However, for the short to medium term, you want to be sure that warranties are in place.

In many years, many PV projects will face this tough question:  whom to contact with performance complaints and replacement requests regarding a malfunctioning battery or inverter after 2, 5, or even 10 years?

In these reports, we present you with the Altman Z-Scores  of  40+ energy storage & 30+ inverter manufacturers & 70+ PV module manufacturers .  These reports can be used to see how one manufacturer matches up to the other and can be an important indicator when selecting your PV manufacturer, energy storage, or inverter manufacturer. The Altman Z-Scores show you which manufacturers are financially strong, and which manufacturers are in the risk zone of going bankrupt within the coming 2 years.

How are the Altman Z-Scores interpreted?

A  score   below 1.1 is called Distress Zone  and it means it is likely the company is headed for bankruptcy, while companies with  scores   above 2.6 are in the Safety Zone , financially stable, and not likely to go bankrupt.

Note that companies that have been in the Grey Zone for years may be very stable companies!

It is important to spot the trend and see where a company is heading.

Did you know?

Sinovoltaics has been publishing its  PV Module Manufacturer Ranking Reports   since early 2016 and is the first and  only independent source  for  PV Module, Inverter,  and  Energy Storage  Manufacturer Ranking Reports based on their financial strength.

Download the  PV Module,   Inverter,  and  Energy Storage  Ranking Report for free.