Sungrow Power Supply Co., Ltd.: Business Overview, Financials & Competitive Analysis
Sungrow Power Supply Co., Ltd. scores 7/10 on the AskCyborg Cyborg Score (Strong). Market leader in solar inverters and energy storage with strong profitability and scale, but elevated valuation and slowing growth present meaningful downside risks. Revenue grew 7.76% to 77.86 billion CNY in 2024 with earnings rising 16.92%. The stock trades at a 387% premium to fair value, indicating.
What is Sungrow Power Supply Co., Ltd.'s industry? Sungrow Power Supply Co., Ltd. (en.sungrowpower.com) operates in Renewable Energy Equipment Manufacturing & Energy Storage Solutions. AskCyborg classifies Sungrow Power Supply Co., Ltd. under Renewable Energy Equipment Manufacturing & Energy Storage Solutions in its company registry.
Sungrow Power Supply is a global manufacturer of new energy power equipment spanning solar, wind, energy storage, hydrogen, electric vehicles, and charging infrastructure. The company specializes in photovoltaic (PV) ...
Cyborg Score thesis
Market leader in solar inverters and energy storage with strong profitability and scale, but elevated valuation and slowing...
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Get Current Report FreeSungrow Power Supply Co., Ltd. Overview
Pro stress-test →Sungrow Power Supply is a global manufacturer of new energy power equipment spanning solar, wind, energy storage, hydrogen, electric vehicles, and charging infrastructure. The company specializes in photovoltaic (PV) inverters, wind power converters, energy storage systems, and floating PV systems.
Strategic Profile
Pro stress-test →Sungrow is one of the largest suppliers of solar inverters with over 20% market share by shipments as of 2023. Solar inverters, energy storage systems, and new energy investment/development respectively accounted for 37%, 32%, and 27% of 2024 revenue. The firm has established a stronghold in utility-scale solar and is expanding into distributed solar markets.
Competitive Landscape
Pro stress-test →Sungrow dominates with 20%+ solar inverter market share and strong utility-scale presence, though faces increasing competition in the more fragmented distributed solar market. Competitors include established inverter manufacturers and emerging regional players in energy storage systems. The company operates across Europe, Americas, Asia-Pacific, Middle East, and Africa, competing in diverse regional markets.
Industry Context
Sungrow Power Supply Co., Ltd. operates in Renewable Energy Equipment Manufacturing & Energy Storage Solutions.
Key facts
Founded: 1997 · Headquarters: Hefei, China · Employees: 17,305 · Revenue: $10.8B · Market cap: $47.2B