Advanced Energy Industries, the U.S.-based developer of precision power conversion technology and solar inverters, has announced this week that it is to officially exit the solar inverter business after struggling with poor sales in the sector. Having posted a 24.7% quarter-over-quarter revenue decline for its inverter business in Q1 2015, Advanced Energy has taken the decision to wind down its solar inverter business, AE Solar Energy. The decision comes after efforts to engineer a strategic alternative for the business proved fruitless. "Following on the heels of a strong 2014 and first quarter 2015 in precision power that reinforced the strength of our business model, and after an extensive strategic process over the last six months, we concluded that focusing solely on our precision power business and exiting the solar inverter business aligns with our long-term goal of maximizing value for our shareholders," said Advanced Energy CEO and president, Yuval Wasserman. Data from IHS placed Advanced Energy third globally in 2013 in terms of market share, with the company cornering 4% of the global market. In 2014, however, the company dropped from the top 10 following a sizeable market share loss ...Den vollständigen Artikel lesen ...