Germany-based SMA Solar is to acquire Danfoss’ solar inverter business. Danfoss will acquire 20% of SMA’s shares with a value of €302 million (US$415 million) in return for selling its inverter unit.

Investing.com -- Jefferies upgraded German solar inverter manufacturer SMA Solar to “buy” from “hold” and raised its price target to €39 from €22, citing improved profitability prospects driven by ...

Chinese PV inverter manufacturer Sungrow released two new 1,500 V inverters at Solar Power International in Las Vegas this week, while Germany s SMA Solar Technology also unveiled an innovative new ...

SMA sold inverters with a cumulative output of 13.6GW in 2021. Image: SMA Solar Technology. SMA Solar Technology’s sales for 2021 came in below prior expectations for the year as the inverter supplier ...

Kassel-based SMA reeled in an operating profit of €418.2m in first nine months of the year, compared to €120.8m during the same period in 2009. Inverters, seen as the PV sector’s principal bottleneck ...

SMA Solar Technology AG, parent company of US subsidiary SMA America Inc, has announced the opening of its 193,000-square-foot solar inverter factory in Kassel, Germany. With the new facility, SMA has ...

SMA is offering a new line of four inverters with power ratings of 12kW, 15kW, 20kW and 25kW, for use in rooftop PV systems up to 135kW in size. It claims the inverters provide grid-compliant power ...

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), the creator of the world’s first operating system for artificial intelligence, aiWARE™, today announced development of a new device learning ...

SMA Solar Technology delivered strong financial results for fiscal year 2023, with group sales growing 79% and net income quadrupling. The company's large scale projects segment showed particularly ...

SMA Solar shares are down more than 75% from their peak in June 2023 and 50% YTD. The company achieved record revenue in 2023 and profit quadrupled, but guidance for 2024 was muted. Q1 2024 results ...

The Denver plant was a big deal when it was announced in October 2009. SMA Solar, the German manufacturer of solar power inverters, will shut down its manufacturing plant in Denver — affecting about ...