The warning from NASDAQ follows financial difficulties at the microinverter pioneer
The company announced an investment partnership with the Power Opportunities Group of Oaktree Capital Management that will help the company expand its international business on its current portfolio in addition to joining the energy-storage market.
It’s the first residential inverter to achieve UL 1741 SA (Supplement A) listing, which has been mandated by California and Hawaii for compliance in September 2017.
The inverter giant’s expansion plans are a response to what it says are favorable market conditions. In addition, the company is introducing new products to the U.S. market, including solutions for battery storage.
Sun Action announced that it has begun offering re-engineered models of its PST-2AL Dual Axis Solar Tracker that will sport reduced array fields of 20 to 25 modules, compared with 42 modules in the original design.
Grupo Clavijo and MFV Solar have reached a merger agreement to form NCLAVE, with the financial support of Q-Growth Fund, to become “the world leader in the design, manufacture and installation of structures and trackers for the solar photovoltaic market,” the companies say.
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