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Altman Z-Score analysis from July 2022 to March 2025 has placed Boviet Solar among the top 10 globally. Image Credit: Boviet Solar
Boviet Solar Technology Co. Ltd., a Vietnam-based PV module manufacturer, has been ranked among the top 10 financially stable PV manufacturers in Sinovoltaics’ 2025 Global PV Module Report. As per Sinovoltaics, the ranking was based on Altman Z-Scores covering the period from July 2022 to March 2025 and included over 60 publicly listed companies across Asia, Europe, and the US. Boviet Solar has been producing monocrystalline PV cells and its Gamma and Vega series of monofacial and bifacial modules for all market segments. The company operates manufacturing facilities in Vietnam and the US, with a total production capacity of 3.0 GW. Boviet Solar’s financial strength has also been recognized by BloombergNEF and Wood Mackenzie. Since 2017, Boviet Solar’s modules have consistently performed well in Kiwa PVEL reliability assessments.