Sungrow’s Sales Show Solarcoaster Ride Against Rivals

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.

Sungrow reported first half 2018 sales of approximately RMB 3.89 billion (US$568 million), an increase of 10% from the prior year period.

On a quarterly basis, Sungrow’s sales in the first quarter of 2018 were around US$247 million, down from US$326 million in the fourth quarter of 2017. However, sales in the second quarter of 2018 increased 29% to almost US$320 million, quarter-on-quarter.