SMA Solar Technology

EQS-News: SMA Group concludes the 2023 fiscal year extremely successfully with strong fourth quarter in the Large Scale & Project Solutions segment

Retrieved on: 
Wednesday, March 13, 2024

The figures report that the SMA Group’s sales significantly rose by 78.6% year on year to €1,904.1 million (2022: €1,065.9 million).

Key Points: 
  • The figures report that the SMA Group’s sales significantly rose by 78.6% year on year to €1,904.1 million (2022: €1,065.9 million).
  • Earnings before interest, taxes, depreciation and amortization (EBITDA) increased even sharply to €311.0 million from €70.0 million in the 2022 fiscal year.
  • Earnings before interest and taxes (EBIT) rose from €31.9 million in the 2022 fiscal year to €269.5 million (EBIT margin in 2023: 14.2%; 2022: 3.0%).
  • “In the fourth quarter of 2023, we once again significantly increased sales in the Large Scale & Project Solutions segment and even exceeded the upper end of our sales forecast,” said SMA CEO Jürgen Reinert.

Inverter Market Worth $39.6 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, February 7, 2024

Based on output voltage, the Inverter Market has been split into 100-300 V, 300-500 V, and above 500.

Key Points: 
  • Based on output voltage, the Inverter Market has been split into 100-300 V, 300-500 V, and above 500.
  • For the purpose of converting and controlling the significant power outputs of wind and solar farms, these high-voltage inverters are essential.
  • The global adoption of large-scale renewable energy programmes and high-capacity industrial operations is driving up demand for inverters that operate above 500V.
  • This report segments the Inverter Market based on output power rating into below 10 kw, 10-50 kw, 50-100 kw, and above 100 kw .

Inverter Market Worth $39.6 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, February 7, 2024

Based on output voltage, the Inverter Market has been split into 100-300 V, 300-500 V, and above 500.

Key Points: 
  • Based on output voltage, the Inverter Market has been split into 100-300 V, 300-500 V, and above 500.
  • For the purpose of converting and controlling the significant power outputs of wind and solar farms, these high-voltage inverters are essential.
  • The global adoption of large-scale renewable energy programmes and high-capacity industrial operations is driving up demand for inverters that operate above 500V.
  • This report segments the Inverter Market based on output power rating into below 10 kw, 10-50 kw, 50-100 kw, and above 100 kw .

Tigo Energy Wins Key Rulings in U.S. Patent and Trademark Office Proceeding

Retrieved on: 
Tuesday, January 30, 2024

(NASDAQ: TYGO), a leading provider of intelligent solar and energy storage solutions, today announced that in a patent infringement case filed by Tigo against SMA Solar Technology America LLC, the U.S. Patent and Trademark Office (USPTO) has ruled in favor of Tigo on two petitions previously filed by SMA Solar.

Key Points: 
  • (NASDAQ: TYGO), a leading provider of intelligent solar and energy storage solutions, today announced that in a patent infringement case filed by Tigo against SMA Solar Technology America LLC, the U.S. Patent and Trademark Office (USPTO) has ruled in favor of Tigo on two petitions previously filed by SMA Solar.
  • In the pending patent infringement lawsuit, Tigo alleges infringement by SMA Solar on Tigo innovations in power supplies for module-level power electronics (MLPE), including those used in the Tigo TS4 product line.
  • The decision follows a 2023 ruling in which the USPTO instituted IPR2023-00879 against a related Tigo patent, U.S. Patent No.
  • Tigo products, patents, and licensees related to rapid shutdown systems can be viewed at the Tigo Virtual Patent Marking for Rapid Shutdown Devices webpage .

Off-grid solar power systems market to grow by USD 3.27 billion from 2022 to 2027, APAC will account for 48% of the market growth- Technavio

Retrieved on: 
Thursday, January 18, 2024

NEW YORK, Jan. 17, 2024 /PRNewswire/ -- The off-grid solar power systems market size is expected to grow by USD 3.27 billion from 2022 to 2027, according to Technavio.

Key Points: 
  • NEW YORK, Jan. 17, 2024 /PRNewswire/ -- The off-grid solar power systems market size is expected to grow by USD 3.27 billion from 2022 to 2027, according to Technavio.
  • The global off-grid off-grid solar power systems market is expected to grow rapidly during the forecast period due to the High cost of grid expansion.
  • Canadian Solar Inc. - The company offers off-grid solar power systems such as distributed solar power systems and energy storage systems.
  • Off-grid Solar Power Systems Market 2023-2027: Segmentation Analysis
    Based on type, the market has been segmented into AC and DC.

Solar PV Balance of Systems (BOS) Market size to increase by USD 32.33 billion during 2023-2028; Increasing investments in renewable energy to drive the growth - Technavio

Retrieved on: 
Thursday, January 11, 2024

As investments increase, the necessity for these BOS elements intensifies, fostering innovation and growth within the solar energy sector.

Key Points: 
  • As investments increase, the necessity for these BOS elements intensifies, fostering innovation and growth within the solar energy sector.
  • The report analyses the market size and growth and provides accurate predictions on the growth of the market.
  • The crystalline silicon solar PV modules market size is forecast to increase by USD 56.06 billion.
  • The Residential Solar Photovoltaic (PV) Systems Market size is estimated to grow at a CAGR of 5.22% between 2023 and 2027.

EQS-News: SMA responds to inaccurate and misleading report by NINGI Research

Retrieved on: 
Wednesday, December 20, 2023

Niestetal, December 18, 2023 – With this statement published today, SMA Solar Technology AG (SMA/ISIN: DE000A0DJ6J9/FWB: S92) comments on a report issued by NINGI Research (“Ningi”).

Key Points: 
  • Niestetal, December 18, 2023 – With this statement published today, SMA Solar Technology AG (SMA/ISIN: DE000A0DJ6J9/FWB: S92) comments on a report issued by NINGI Research (“Ningi”).
  • The report contains a number of inaccurate allegations about SMA’s reporting practices.
  • Ningi’s assertions completely lack merit and are misleading to the public and in particular investors and analysts.
  • SMA reports its financial figures in accordance with international reporting standards (IFRS) and adheres to the highest standards of corporate governance.

Solar PV Combiner Box Market worth $ 377.6 million by 2033 - Exclusive Report by We Market Research

Retrieved on: 
Tuesday, November 14, 2023

The solar PV combiner box market is currently experiencing a notable trend with the residential sector positioned to secure a substantial portion of this market.

Key Points: 
  • The solar PV combiner box market is currently experiencing a notable trend with the residential sector positioned to secure a substantial portion of this market.
  • The impact of the residential sector's growing influence on the solar PV combiner box market extends to innovations in combiner box design and features.
  • In summary, the residential sector is set to play a pivotal role in the solar PV combiner box market.
  • The competition between China and India in the solar PV combiner box market is characterized by a race to enhance product quality, efficiency, and cost-effectiveness.

Solar PV Combiner Box Market worth $ 377.6 million by 2033 - Exclusive Report by We Market Research

Retrieved on: 
Tuesday, November 14, 2023

The solar PV combiner box market is currently experiencing a notable trend with the residential sector positioned to secure a substantial portion of this market.

Key Points: 
  • The solar PV combiner box market is currently experiencing a notable trend with the residential sector positioned to secure a substantial portion of this market.
  • The impact of the residential sector's growing influence on the solar PV combiner box market extends to innovations in combiner box design and features.
  • In summary, the residential sector is set to play a pivotal role in the solar PV combiner box market.
  • The competition between China and India in the solar PV combiner box market is characterized by a race to enhance product quality, efficiency, and cost-effectiveness.

EQS-News: SMA Group reports strong sales and earnings growth after first nine months of the year

Retrieved on: 
Thursday, December 14, 2023

In the first nine months of 2023, consolidated sales increased by 84.7% overall to €1,337.4 million (9M 2022: €724.1 million).

Key Points: 
  • In the first nine months of 2023, consolidated sales increased by 84.7% overall to €1,337.4 million (9M 2022: €724.1 million).
  • The Home Solutions segment more than doubled its sales to €486.2 million after the first nine months of the year (9M 2022: €229.3 million).
  • The Commercial & Industrial Solutions segment also increased its sales significantly by 74.4%, from €191.3 million to €333.7 million.
  • The SMA Managing Board confirms its sales and earnings guidance for the 2023 fiscal year, as adjusted upward again on October 4, 2023.