Advanced Energy PV inverter sector backlog

Advanced Energy (AE) reports , Solar Energy ( photovoltaic inverter ) sector in 2013 third- quarter sales of $ 67.5 million , flat with the previous quarter , but before the introduction of a new flagship product , helps its order backlog increased to $ 45 million .

The company reported third quarter total sales of $ 142.9 million , while the 2013 second quarter was $ 139.7 million . Income from continuing operations was $ 687,000 , while the second-quarter loss from continuing operations was $ 9.8 million , income from continuing operations was $ 5.7 million .

AE Solar Division President Gordon Tredger said: "I am pleased to report that we returned to profitability , and our break-even point will be reduced to about $ sixty-five million due to be finalized next year our various restructuring and integration efforts , we expected to be further improved. because we are ready to ship in the fourth quarter of 1MW of AE 1000NX, we also see the construction of our backlog is satisfactory . "

After several years of restructuring, including outsourcing to China PV inverter assembly , AE has positioned itself as a growing series of new products , and in 2014 on a wider geographical footprint of the rapid development of commercial rooftop and utility-scale market.

Tredger discuss quarterly financial results in a conference call , added: "cost reduction is very important for us , but we also focus on growth initiatives as part of our global expansion strategy , we see that in the next few years, promising regions such as India, Japan, Canada , the UK and the potential opportunities in South America .

We have already started in these countries optimized three-phase string type products , other products in our portfolio may be very appropriate. With us for roofs, garage and large http://www.gridtiepowerinverteronline.com/ ground- mounted applications, wide range of products , we believe that AE is quickly becoming a one-stop shop business applications . "