Sungrow Named One of Fortune Future 50 Companies

December 20, 2023 05:36 PM AEDT | By Cision

Sungrow Named One of Fortune Future 50 Companies — Image source: Kalkine Media

Recent News

Mainstay Medical Announces Exclusive Coverage of ReActiv8® by Anthem B...

Coinbase stock downgraded as analyst cautious heading into 1Q results

Nio stock added to 30-day positive catalyst watch at Citi

Fifth Third Recognized on Forbes List of the World’s Best Banks 2025

HEFEI, China, Dec. 20, 2023 /PRNewswire/ -- Sungrow, the global leading inverter and energy storage system supplier, has clinched the No. 12 spot on the 2023 Fortune Future 50 list, an exclusive recognition of the long-term growth potential among over 1,700 of the world's largest public companies. Sungrow ranked alongside other reputed companies like Spotify, Lululemon, DocuSign, and Pinterest.

Fortune, in collaboration with the Boston Consulting Group (BCG) since 2017, compiles the Future 50 list. To identify the Future 50, the BCG Henderson Institute used a "vitality" index to determine the rankings. The index is based on a top-down, market-based assessment of a company's growth potential, and a bottom-up analysis of its capacity to deliver, based on financial and non-financial metrics -- such as long-term strategic orientation, technology and investments, people, and structure.

This ranking underlines Sungrow's enduring growth trajectory. With a 26-year track record in the renewable energy industry, Sungrow dominates both the PV inverter and energy storage markets. S&P Commodity Insights estimates that Sungrow was ranked as the number one PV inverter supplier globally in 2022, shipping 77GWac of PV inverters. Another reputed report further positions Sungrow at the top spot in the energy storage market.

In addition, the Company gave its presence at the recent COP28, showing its dedicated efforts to fuel the global energy transition with technical innovation and professional global footprints.

The 2023 Fortune Future 50 companies show that despite near-term economic and geopolitical turbulence, the dominant patterns of long-term growth potential remain relatively stable. The list highlights renewable energy as a crucial driver of future sustainable and long-term development and Sungow plays a pivotal role in this momentum.

About Sungrow

Sungrow Power Supply Co., Ltd. ("Sungrow") is the world's most bankable inverter brand with over 405 GW installed worldwide as of June 2023. Founded in 1997 by University Professor Cao Renxian, Sungrow is a leader in the research and development of solar inverters with the largest dedicated R&D team in the industry and a broad product portfolio offering PV inverter solutions and energy storage systems for utility-scale, commercial & industrial, and residential applications, as well as internationally recognized floating PV plant solutions, NEV driving solutions, EV charging solutions and renewable hydrogen production systems. With a strong 26-year track record in the PV space, Sungrow products power over 150 countries worldwide. For more information about Sungrow, visit www.sungrowpower.com.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.