Meet the 10 most financially healthy inverter manufacturers

Hoymiles leads the Sinovoltaics ranking, followed by Apsystems, Eaton, Enphase and Kstar
Meet the 10 most financially healthy inverter manufacturers
Hoymiles microinverter portfolio. Photo: Hoymiles/Reproduction

Sinovoltaics has published a report ranking inverter manufacturers, highlighting those that are financially stable and those at risk of bankruptcy. The scores were calculated between December 2021 and September 2024.

At the top of the ranking, as the most financially healthy company, is Hoymiles, followed by Apsystems, Eaton, Enphase and Kstar. In sixth place is Sinexcel, followed by ABB, Delta Electronics, Schneider Electric and Sungrow.

Ranking of the 20 manufacturers according to financial strength. Image: Sinovoltaics/Reproduction

Importance of the report

For shareholders and companies involved in solar energy projects, the financial stability of inverter manufacturers is a critical factor. Choosing solid companies provides greater protection against the risk of collapse in the return on investment in PV projects.

Furthermore, stability is directly related to the validity and applicability of the warranty policies of the central, string and microinverter portfolios. Choosing manufacturers with better financial health reduces risks and ensures the continuity and efficiency of the systems. 

Overview of manufacturers' rankings. Image: Sinovoltaics/Reproduction

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Photo by Mateus Badra
Mateus Badra
Journalist graduated from PUC-Campinas. He worked as a producer, reporter and presenter on TV Bandeirantes and Metro Jornal. He has been following the Brazilian electricity sector since 2020.

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