Boviet Solar Technology Co. Ltd., a solar energy technology company specializing in monocrystalline PV cells and its Gamma Series Monofacial and Vega Series Bifacial PV modules, has been recognized as a top 10 financially stable PV module manufacturer by Sinovoltaics.
Sinovoltaics, a global expert in technical compliance and quality assurance for solar photovoltaics and battery energy storage systems, publishes its rankings based on Altman Z-Score analysis—a widely recognized financial model used to assess a company’s financial health and risk of bankruptcy. The 2025 Edition 2 of the PV Module Manufacturer Ranking Report, which analyzed financial data from July 2022 to March 2025, evaluated more than 60 publicly listed solar PV module manufacturers across Asia, Europe, and the Americas.
“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.”
This continued recognition reinforces Boviet Solar’s financial strength, reliability, and long-term viability as a solar technology partner. Financial stability has become a critical factor in the industry, directly impacting the credibility of long-term warranties and return on investment (ROI) for solar projects.
Sinovoltaics’ methodology considers key financial indicators such as:
- Working capital
- Total assets
- Retained earnings
- Earnings before interest and taxes (EBIT)
- Market value of equity
- Total liabilities
- Sales revenue
