Success in the solar space often depends on product selection and the long-term viability of the companies supporting those products. In the upcoming second quarter issue of Solar Builder, we will exclusively cover the quarterly financial ratings of Chinese photovoltaic companies (Sinovoltaics). China Photovoltaics is a quality assurance, ESG and traceability company for the solar and battery energy storage system (BESS) industries.
China Solar’s new quarterly financial report assesses the financial strength of publicly listed PV module, energy storage and inverter manufacturers in the US, Europe and Asia. Solar developers can use China PV’s rating report as an objective tool to assess manufacturers’ financial strength and make purchasing decisions.
“China Photovoltaics is pleased to provide these rating reports along with our supply chain maps in addition to our core quality assurance services,” said Dricus de Rooy, co-founder and CEO of China Photovoltaics. “Because the first 2024 reports are based on data from June 2020 to December 2023, they provide detailed insight into how each manufacturer’s financial position has changed over the past three years. This gives developers the opportunity to gain useful information.” he added.
Since 2016, the China Photovoltaic team has collected publicly available financial data and used Altman Z-Score, a mature financial assessment tool widely used in the financial industry, to rank and evaluate each component, energy storage and inverter company. Financial condition of inverter companies. . Various manufacturing industries.
This is the ranking of Chinese photovoltaic inverter manufacturers for 1/2024. Note: This ranking can only be calculated for public companies, so you will not see private companies in the ranking.
The Altman Z-score evaluates a company’s financial strength through a credit test based on measures of profitability, leverage, liquidity, solvency and activity.
The score is divided into 3 zones: safe zone (green), gray zone and disaster zone (red). A score of 1.1 or lower indicates a higher likelihood of bankruptcy within the next two years, while a score of 2.6 or higher indicates a strong financial position.
The China Photovoltaic report said that ideally manufacturers are in the safe zone, but some manufacturers have been in the gray zone or below for years and continue to operate. However, according to Altman’s Z-Score formula and studies of its accuracy, the risk of bankruptcy is significant.
Some of our most popular episodes include: Power Forward! Collaborate with BayWare to discuss higher-level industry topics. In the residential solar market, we pay 2 cents per kilowatt hour. Talk to solar energy manufacturers about their new technologies and ideas.
Other Benjamin Media, Inc brands: Compact Equipment | Tunneling Business Magazine |
Post time: Apr-26-2024