Explore the top solar panel manufacturers worldwide with Sinovoltaics' 1st Edition 2025 Ranking Report. Gain free access to comprehensive rankings of over 70 PV module manufacturers, 30 inverter producers, and 40 energy storage system providers, all evaluated for their financial stability.
Gain an in-depth understanding of solar panel manufacturers' financial stability with the Altman Z Scores featured in Sinovoltaics' 1st h Edition 2025 Ranking Report. These credit-strength metrics, calculated fromMarch 2022 until December 2024, provide valuable insights into manufacturers' financial performance trends over the past three years.
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What is an Altman Z Score?
Our Altman Z Score calculator helps determine which manufacturers are financially secure and which may be at risk of bankruptcy. For stakeholders in solar projects, it’s essential to understand the financial health of PV Module, Inverter, and Energy Storage System manufacturers. Choosing components from financially stable manufacturers reduces the risk of diminished return on investment (ROI) and strengthens the overall security of your PV project.
Why is the financial stability of solar panel manufacturers crucial?
The financial health of a PV manufacturer plays a key role in the reliability and longevity of their product warranties. While it’s clear that many Energy Storage and Inverter manufacturers might not last 25 years, securing warranties for the short to medium term is essential for protecting your investment.
Over the years, many PV projects will face a critical question: Who should be contacted for performance issues, solar panel efficiency concerns, or replacement requests for faulty battery energy storage systems or inverters after 2, 5, or even 10 years
These reports feature the Altman Z Scores for over 40 energy storage manufacturers, 30 solar inverter makers, and 70 PV module producers. They offer a valuable comparison tool and serve as an essential factor when choosing your PV module, energy storage, or inverter supplier. The Altman Z Scores highlight which manufacturers are financially stable and which may face bankruptcy risk within the next two years.
What is a good Altman Z score?
Altman Z score interpretation: A score below 1.1 falls into the Distress Zone, indicating a high likelihood of bankruptcy. Companies with scores above 2.6 are in the Safety Zone, suggesting they are financially stable and not likely to go bankrupt.
Note that companies that have been in the Grey Zone for years may be very stable!
It’s essential to spot the trend and see where a company is heading.
Did you know?
Since early 2016, Sinovoltaics has been publishing its PV Module Manufacturer Ranking Reports using the Altman Z score formula. We are the first and only independent source providing PV Module, Inverter, and Energy Storage Manufacturer Ranking Reports based on financial stability.
Download the PV Module, Inverter, and Energy Storage Ranking Reports for free.
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