1、Welcome to this Edition 2-2026 version of the SINOVOLTAICS PVModule Manufacturer Ranking Report.The Altman-Z Scores in this report has been calculated from June2023 until March 2026,and provide detailed insight how the financialstrength of PV manufacturers has evolved over the past 3 years.Whats the
2、 value of Altman Z-Score?In many 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,or even 15 years?Ultimately,the financial stability of a PV module manuf
3、acturer isgeared to the validity and enforceability of the warranty policieson its portfolio of central,string or micro inverters.Most peoplerealize that todays PV module manufacturers will probably not bearound in 25 years.However for the short to medium term,youwant to be sure that warranties are
4、in place.Altman-Z Scores are calculated to understand which PV modulemanufacturers 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 solar PV modules from
5、financially stable manufacturersprovides for a better hedge against the potential risks of collapsingreturn of investment(ROI)of any PV project.Whats the value of Altman Z-Score?Why is financial stability important?32023-2026:rating ofPV modulemanufacturersworldwide60+*The trend column in the table
6、reflects a comparison of the current quarter score to the previous one.5MANUFACTURERSRANKINGTRENDZONEJUN 2023SEP 2023DEC 2023MAR 2024JUN 2024SEP 2024DEC 2024Mar 2025JUN 2025SEP 2025DEC 2025MAR 2026LISTINGWAAREE RENEWABLETECHNOLOGIES1SAFE9.426.8610.6620.629.1927.3714.7610.6511.8813.610.339.56BOM:5346