Chinese acquisition drags on SMA

Incumbent inverter giants, like SMA, are pressing aggressively into the micro-inverter space.

SMA sold 4GW of its inverters in the first nine months

Zeversolar, the Chinese inverter maker recently acquired by SMA Solar, significantly dented the German inverter maker's third-quarter performance, with SMA claiming that Zeversolar will not be profitable in the near future.

Unable to crack into the booming Chinese PV market on its own, SMA – the world’s largest PV inverter maker – bought Zeversolar in several batches this year, leaving it with a nearly 90% stake in the company.

But SMA today heaped much of the blame for its €30.1m ($40.7m) third-quarter operating loss – compared to a profit of €116m during the same quarter last year – on its loss-making Chinese subsidiary.

Zeversolar will make a positive contribution to SMA’s earnings “only in the medium term”, SMA warns, Log in to read complete article.

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