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 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 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 ...

SMA is one of the world’s leading manufacturers of inverters for photovoltaic systems, so they stepped up to the challenge of building a world-class solar-powered training facility in Niestetal, ...

ROCKLIN, Calif.--(BUSINESS WIRE)--SMA Solar Technology AG, parent company of U.S. subsidiary SMA America, Inc., has announced the opening of its 193,000 square foot solar inverter factory in Kassel, ...

"Silicon carbide enables us to build the inverters compact, powerful and reliable," said Sven Bremicker, Head of Technology Development Center at SMA. "In the Sunny Highpower PEAK3, the CoolSiC ...

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 ...