SMA Solar reports growth in large-scale inverter sales, decline in distributed inverter sales in Q1 2024
- Admin
- May 9, 2024
- 1 min read
SMA Solar, a German solar inverter manufacturer, reported falling sales in home and C&I sectors but significant growth in the large-scale sector. The company remains optimistic despite macro-economic factors affecting earnings. Sales growth in 2023 was positive, with plans to double inverter manufacturing capacity in Germany. Concerns exist about the long-term viability of solar manufacturing in Europe.
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