sma solar technology

The long-standing CEO of major PV inverter manufacturer SMA Solar Technology, Pierre-Pascal Urbon has suddenly stepped down from his executive role and plans to leave the company altogether at the end of December, 2018.

Major PV inverter manufacturer SMA Solar Technology has lowered its full-year revenue and profit guidance due to the market downturn in China that has led to plummeting product prices and delays to PV Power plant development across major markets.

Major PV inverter manufacturer Sungrow Power Supply Co, recently reported a relatively strong rebound in revenue (up 10%) in the first half of 2018 but on a quarterly basis the second quarter sales increased 29% from the previous quarter, indicating that greater dependence on China and the utility-scale market with central inverters, creates a ‘solarcoaster’ ride.

Major PV inverter manufacturer SMA Solar Technology has once again reiterated sales and earnings guidance for 2018, after reporting first half year results but has become increasingly bearish on the global solar market, while its solar product order backlog takes a dive.

PV Tech’s recent coverage of three publicly listed PV inverter manufacturers (SMA Solar Technology, SolarEdge Technologies and Enphase Energy) first quarter financial results has highlighted a looming battle between two of the companies over achieving the highest annual revenue figures (US$ adjusted) in 2018.

Major PV inverter manufacturer SMA Solar Technology has reiterated sales and earnings guidance for 2018, despite a rebound in its utility-scale business unit and growing energy storage sales.

Major PV inverter manufacturer SMA Solar Technology has announced that it has reclaimed the leadership position in the US commercial market segment, accounting for over 26% of market share, according to GTM Research’s most recent ‘US PV Leaderboard’ report.

SMA Solar has introduced the latest Sunny Central 2750-EV-US inverter, which is said to have 10% more power than previous models enabling maximum power density and integration. The Sunny Central 2750-EV-US has also achieved UL 62109 listing.

Major China-based PV inverter manufacturer Sungrow Power Supply Co has reported preliminary unaudited revenue for 2017, which surpasses European rival, SMA Solar Technology’s revenue figures for the first time.

Major PV inverter manufacturer SMA Solar Technology has secured supply deals for more than 20 different utility-scale PV projects in Australia in 2017, totalling around 1.2GW and included for several large-scale PV projects funded by the Renewable Energy Agency (ARENA).