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.

SMA shares jumped 7.41% to €44.42 by 1030 on Wednesday in Frankfurt in a declining overall market. “The strategic alliance with Danfoss strengthens SMA’sleading position in the global photovoltaic ...

SMA America introduced two new hybrid inverters for residential solar projects with larger solar capacity. The Sunny Boy Smart Energy inverters include a 9.6 kW and an 11.5 kW model. The DC-coupled ...

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 ...

Germany's SMA Solar grew at a blistering pace in the third quarter, doubling its revenues to a record-smashing €627m ($859.9m) as it continues to dominate the global inverter market. Kassel-based SMA ...

Major PV inverter manufacturer, SMA Solar Technology surprised with better than guided 2019 financial results as a surge in shipments and sales took place in the second half of the year. Having ...

SMA Solar Technology achieved 78.64% revenue growth in FY23 but faced a 73.55% YTD market price collapse in FY24 due to oversupply from Chinese manufacturers. Despite market challenges, SMA's Large ...

FRANKFURT/DUESSELDORF, May 31 (Reuters) - SMA Solar, Germany's largest solar group, saw prices for inverters decline in line with its expectations so far this year, its CEO said, adding business in ...

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 ...

Getting your Trinity Audio player ready... SMA Solar Technology AG, the world’s largest maker of solar inverters, said Monday that it will locate its first manufacturing plant outside of Germany in ...