What do sinovoltaics rankings say about the quality of PV equipment?

The Sinovoltaics analysts note that while the rankings do not say anything about the actual quality of PV equipment, buyers and other industry stakeholders, such as financial institutions, can use the ranking reports as part of the due diligence process or to help identify financially stable partners.

How many energy storage and solar inverter manufacturers are there?

In these reports, we present the Altman Z Scores of over 40 energy storage manufacturers, 30 solar inverter manufacturers, and 70 PV module manufacturers. These reports allow you to compare manufacturers and serve as a crucial indicator when selecting your PV module, energy storage, or inverter manufacturer.

Does sinovoltaics have a z score?

Did you know? Sinovoltaics has been publishing its PV Module Manufacturer Ranking Reports based on the Altman Z score formula 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.

Why is financial stability important for solar panels?

Using PV components from financially stable manufacturers provides a stronger safeguard against the potential risks of a collapsing return on investment (ROI) for any PV project. Why is the financial stability of solar panel manufacturers important?

What is a good credit score for a solar company?

A score that is 1.1 or lower indicates a higher probability of bankruptcy within the next two years, while a higher score of 2.6 or greater indicates a solid financial position. The manufacturer leading the ranking is Taiwan-based Tainergy, followed by Eterbright Solar Corporation, and First Solar.