GoodWe’s best-in-class Altman-Z score on BloombergNEF’s 2021 Report Reflects Strong Financial Performance and Bankability

The past few years have seen GoodWe gaining significant market share across the various segments that it is engaged in.

December 09, 2021. By News Bureau

The past few years have seen GoodWe gaining significant market share across the various segments that it is engaged in. It has managed to sign a number of global distribution agreements with some of the world’s largest PV distributors, with reach spanning across six continents and all inverter product categories.
 
GoodWe’s strong market and financial performance over the period has landed it the highest Altman-Z score among PV manufacturers on BloombergNEF’s annual report, displaying its strong financial health and bankability. The Altman-Z score is a measure used to determine the financial stability of companies, particularly within the manufacturing space, taking into account profitability, liquidity, leverage, solvency, as well as activity ratios.

GoodWe’s operational strategy is to bring forward the digitalization and smart transformation of all power plants, and new energy at large. To realize this, it is working to provide complete, integrated solutions for the future of smart energy by creating software and hardware products that allow for smarter and more efficient energy systems.

The company has set out to build communities in sustainable energy by embracing a win–win approach where the needs of all key stakeholders, including customers, employees, shareholders, and nature are considered so that value can be generated while maintaining a sustainable, ecological community.
 
Beyond this, the company was able to make shipments of about 21,000 units in the fast-emerging segment of energy storage Power Conversion Systems (PCS) during the same period, totaling nearly the same amount as total annual shipments from the previous year (22,300 units).
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