Sinovoltaics Ranking Reports: Edition 1-2021

Sinovoltaics Ranking Reports: Edition 1-2021

Welcome to this Edition 1 – 2021 version of the SINOVOLTAICS PV Manufacturer Ranking Report.

In Edition 1-2021, you can access the ranking of 40+ Energy Storage manufacturers 30+ Inverter manufacturers & 70+ PV Module 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 January 2018 until December 2020, and provide detailed insight how the financial strength of PV manufacturers has evolved over the past 3 years. 

Download the Sinovoltaics PV Module Manufacturer Ranking Report

Download the Sinovoltaics Inverter Manufacturer Ranking Report

Download the Sinovoltaics Energy Storage Manufacturer Ranking Report

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 for a better hedge against the potential risks of collapsing return of investment (ROI) of any PV project.

Why is the financial stability of a manufacturer important?

Ultimately, the financial stability of a manufacturer is geared to 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 to come, lots of PV projects will likely 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 the Altman Z-Scores of 40+ energy storage & 30+ inverter 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 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?

score below 1.1 is called Distress Zone and it means it’s 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’s 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 ModuleInverter and Energy Storage Manufacturer Ranking Reports based on their financial strength.

Download the PV ModuleEnergy Storage and Inverter Ranking Report for free.

About the author
Dricus is Managing Director at Sinovoltaics Group.Sinovoltaics Group assists PV developers, EPCs, utilities, financiers and insurance companies worldwide with the execution of ZERO RISK SOLAR projects - implemented by our multinational team of solar PV-specialized quality engineers and auditors on-site in Asia.Dricus is based in Hong Kong and has been working in the PV industry in China for 10+ years. Connect with Dricus on LinkedIn
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