Boviet Solar ranks in top 10 of financially stable PV module manufacturers
Boviet Solar Technology Co. Ltd. has once again been ranked as a top 10 financially stable PV module manufacturer by Sinovoltaics.
“It’s gratifying to retain our high-ranking status for fiscal health,” said Scott Chen, VP of Global Sales and Marketing. “We are proud to be acknowledged for our commitment to bankability in the solar sector. Boviet Solar remains dedicated to the ongoing technology advancement and smart financial management essential for clients to continue to rely on our products and services for successful projects and rapid industry expansion.”
Sinovoltaics rankings
Sinovoltaics, a specialist in technical compliance and quality assurance services for solar photovoltaics and battery energy storage systems, uses Altman-Z Scores to rank the financial strength of companies in its PV Module Manufacturer Ranking Report.
Sinovoltaics’ Edition 2-2025 rankings were calculated from July 2022 until March 2025 and include the financial stability scores of 60+ publicly listed Asian, European, and American solar PV module manufacturers. The financial stability of manufacturers has become critical to ensuring project reliability and long-term returns. Boviet Solar has also stood among the top 10 in previous Sinovoltaics rankings.
The Altman Z-Score is a widely recognized financial assessment tool that examines the financial stability of manufacturers, identifying which companies are financially secure and which are at risk of going bankrupt within the next two years. The main factors affecting the Sinovoltaics rankings include:
• Working Capital
• Total Assets
• Retained Earnings
• Earnings Before Interest & Tax
• Market Value of Equity
• Total Liabilities
• Sales
PV modules from financially stable manufacturers help mitigate the risk of a collapsing return on investment (ROI) in any PV project. A PV module manufacturer’s financial stability impacts the validity and enforceability of its warranty policies.
“Ranking in the report’s top 10 signifies Boviet Solar’s reliability as a long-term, trustworthy industry partner for clients and financial institutions,” said Sienna Cen, President of Boviet Solar USA. “We remain focused on quality solutions that will further global sustainability.”
Boviet Solar accolades
In addition to these rankings, Boviet Solar has consistently demonstrated strong bankability, as evidenced by its inclusion in the top 12 global bankable PV module manufacturers by Wood Mackenzie. Black & Veatch also successfully completed an independent assessment of Boviet Solar’s manufacturing facilities in 2022. Boviet Solar’s PV modules are known for their power, performance, and quality and have been rated as top performers on Kiwa PVEL’s PV Module Reliability Scorecard since 2017
