Sunova Solar Technologies Co., LTD – operating under the brand names of Sunova Solar and Thornova Solar – was rated 3AA2 by Dun & Bradstreet on April 10, 2024

With the 3AA2 rating by Dun & Bradstreet Sunova Solar Technologies Co., Ltd. further proves to be a trustworthy partner to its stakeholder with a good financial strength and composite appraisal as wells as prompt and timely payment of supplier.

Wuxi 13.05.2024 – We are very proud to announce that leading global provider of business decisioning data and analytics – Dun & Bradstreet ranked Sunova Solar Technologies Co., Ltd. 3AA2.

“This underlines the financial strength of the company being rated moderate low risk as well as low late payment risk with even an average payment time of 18 days sooner than terms. This makes us a very reliable partner for our suppliers and further reconfirms the trust our customers have in us as a sustainable company that will stay in the market long-term,” states Mike Song – Founder and Chairman of Sunova Solar, and adds “we urge all our stakeholders to obtain the full rating.”

The risk assessment is split into: the EMMA score of relative risk, the PAYDEX® of the business, and D&B Ratin

D&B EMMA Score (Emerging Market Mediation Alert Score) is a risk assessment model developed for emerging market countries. It is a score developed by data profiling approach and statistical modeling, which predicts the possibility of a business in perilous status of instability or unreliability, such as poor financials, delay payment, stale inventory, abnormal operational status, etc. The EMMA Score provides you with a quick assessment of a business' risk standing, and when used together with other information, allows you to make better risk decisions. The EMMA Score is based on a scale of 1 to 10, where 1 represents a lower risk and 10 a higher risk. Sunova Solar Technologies reached 3, which equals a moderate low risk assessment.

The D&B PAYDEX® is a unique indicator of payment performance weighted by the monetary value of the payment experiences as reported to D&B by trade references. The PAYDEX® rates companies based on the average time of payment compared to contract terms on a scale from 0 to 100. A PAYDEX® Score of 80 indicates prompt payments, less than 80 (down to 1) indicates slow payments, and greater than 80 (up to 100) indicates payment before due. Sunova Solar Technologies pays on average 18 days before the due date as agreed in the terms of contracts.

The Financial strength indicator provides an indication of the strength of the organization to cope with adverse trading periods or exploit investment opportunities. It is determined on the latest Tangible Net Worth. Sunova Solar Technologies Co., LTD 3AA as has achieved the third highest possible score, after 4AA and 5AA.

The Composite Credit Appraisal is a rating system running from numbers 1 through 4 which makes up the second half of a company’s rating and reflects Dun & Bradstreet’s overall assessment of that firm’s creditworthiness. The Composite Credit Appraisal is based on Dun & Bradstreet’s analysis of company payments, financial information, public records, business age and other important factors (when available).

A “2” is the highest Composite Credit Appraisal possible for a company that does not supply Dun & Bradstreet with current financial information. As Sunova Solar Technologies is not a public company, limited financial information was made available.

About Dun & Bradstreet

Founded nearly 200 years ago, Dun & Bradstreet, the global data and analytics-driven decision-enabling organisation, with more than 6,000 employees worldwide, is committed to helping clients and partners grow and prosper through data, analytics and data-driven solutions. Dun & Bradstreet data and insights are valuable at all stages of the business lifecycle and in all economic environments, with more than 90 per cent of the world's Fortune 500 organisations leveraging Dun & Bradstreet's global data capabilities and analytical insights, as well as its end-to-end solutions, to aid in business strategy and intelligent decision-making. Dun & Bradstreet helps customers increase revenue, reduce costs, manage risk and achieve digital transformation in a variety of application scenarios, including customer data management, overseas marketing, commercial credit, supplier management, compliance management, ESG, and financial inclusion. Dun & Bradstreet's global data currently contains business information on more than 560 million organisations and continues to expand the scale, depth, diversity and accuracy of business data.

About Sunova / Thornova Solar

Sunova Solar / Thornova Solar are Tier 1 module brands.The company focuses on energy solutions and the design and manufacture of renewable energy components, such as photovoltaic modules, solar cells, inverters and solar battery storage solutions. Our R&D team focuses on constantly developing innovative solar technology for the distributed generation rooftop and utility scale ground mounted solar markets. With our state-of-the-art automated production facilities, we deliver the reliability and performance you and your customers expect. Our local warehousing and logistics support across the globe ensure your projects are installed on time, every time.Currently, Sunova Solar/Thornova Solar operates 4 manufacturing plants in China and Vietnam and is building 2 more factories. By the end of 2024, we will have a fully opera­tional capacity of 10 GW of PV modules and 9 GW of solar cells. All our operations in China are located outside of the Xinjiang area.

For further information please contact
Shanghai Dun & Bradstreet Business Information Consulting Co., Limited
+86400-820-3536 (Shanghai) 

Sunova Solar / Thornova Solar
Andrea Bodenhagen
Global Branding Director