1、Welcome to this Edition 2-2026 version of the SINOVOLTAICSInverter Manufacturer Ranking Report.The Altman-Z Scores in this report has been calculated fromJune 2023 until March 2026,and provide detailed insight how thefinancial strength of inverter manufacturers has evolved over thepast 3 years.2In m
2、any years to come,lots of PV projects will likely face this toughquestion:whom to contact with performance complaints andreplacement requests regarding a malfunctioning inverter after 2,5or 10 years?Ultimately,the financial stability of an inverter manufacturer isgeared to the validity and enforceab
3、ility of the warranty policieson its portfolio of central,string or micro inverters.Most peoplerealize that todays inverter manufacturers will probably not bearound in 5 to 10 years.However for the short to medium term,youwant to be sure that warranties are in place.Altman-Z Scores are calculated to
4、 understand which invertermanufacturers are financially stable,and which players are at riskof going bankrupt.For any stakeholder involved in solar projects,the financial stabilityof the manufacturer is of crucial importance.Employing inverters from financially stable manufacturers providesfor a bet
5、ter hedge against the potential risks of collapsing return ofinvestment(ROI)of any PV project.Whats the value of Altman Z-Score?Why is financial stability important?32023-2026:Rating of InverterManufacturersWorldwide4*The trend column in the table reflects a comparison of the current quarter score t
6、o the previous one.5MANUFACTURERSRANKINGTRENDZONEJUN 2023SEP 2023DEC 2023MAR 2024JUN 2024SEP 2024DEC 2024Mar 2025JUN 2025SEP 2025DEC 2025MAR 2026LISTINGDELTA ELECTRONICS1SAFE4.74.034.014.274.634.184.44.024.266.476.979.35TPE:2308KSTAR2SAFE6.385.325.835.474.944.985.095.425.017.978.558.06SZSE:002518APS