Inverter Leader SMA Solar Grows Sales in First Half of 2016 but Sees Strong Price Pressure Ahead

By [email protected] SMA, long one of the global market leaders in solar inverter hardware, had some good news and some less-than-good news in its first-half 2016 earnings announcement. (This season’s earnings calls in the solar industry have been a bit strained, and stock prices have suffered. See our coverage of SunPower, Enphase, First Solar, Vivint and SolarEdge.)

SMA first-half 2016 financials

Sales grew 15.1 percent year-on-year to $550.3 million

SMA had consolidated earnings of $21.6 million — driven largely by the utility solar sector

International share grew to 91.1 percent

Yesterday, SMA told Reuters that its July earnings were nearly as good as those

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