What is Hoymiles Power Electronics Inc.'s (688032.SS) StockRank?

MoatMap's StockRank for Hoymiles Power Electronics Inc. (688032.SS) is 28/100, with a Sell signal. This is a composite score combining Quality (32), Value (46), and Momentum (41) factor ranks across MoatMap's 19,000+ stock universe.

Does Hoymiles Power Electronics Inc. have an economic moat?

Hoymiles Power Electronics Inc. (688032.SS) has a Quality factor score of 32/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the financial characteristics of a moated business.

Is Hoymiles Power Electronics Inc. a buy, hold, or sell?

MoatMap's current signal for Hoymiles Power Electronics Inc. (688032.SS) is Sell, based on a StockRank of 28/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.

What sector is Hoymiles Power Electronics Inc. in?

Hoymiles Power Electronics Inc. (688032.SS) operates in the Industrials sector, specifically the Electrical Equipment & Parts industry (China).

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688032.SS

SELLREMOVE

Hoymiles Power Electronics Inc. · Industrials · China · $1.8B · Avg Vol: $22M/d

StockRank

P/E (TTM)

—

ROE

-3.6%

D/E

0.2x

Dividend %

—

Director Trades · 180d

None in 180d →

Buybacks · 180d

None in 180d →

AI CONVICTION THESIS

Hoymiles Power Electronics manufactures solar microinverters. While it operates in the renewable energy sector, the solar inverter market is highly commoditized with intense price competition from larger Chinese players, and its quality score is low (Q: 32).

COMPANY DESCRIPTION

Hoymiles Power Electronics Inc. designs and manufactures module-level power electronics (MLPE), specializing in solar microinverters, rapid shutdown systems, and smart energy storage solutions. The company is a leading global player in the microinverter market, exporting to over 100 countries and competing directly with global giants. Its competitive moat is built on high-efficiency power conversion technology, superior cost-performance ratios, and a strong global installer network.

FINANCIAL SUMMARY

Year	2022	2023	2024	2025	CAGR
Revenue	227M	299M	295M	286M	7.9%
EPS	0.63	0.61	0.41	-0.19	-19.3%
Shares	124M	124M	124M	124M	-0.2%
Debt	2M	11M	66M	170M	352.4%
Equity	947M	943M	940M	845M	-3.7%
Op CF	63M	6M	10M	-42M	-60.4%
Inv CF	-82M	-474,256	-112M	-93M	—
Fin CF	-26M	-94M	-1M	43M	—

PRICE (1M)-25.1%

SMA 50SMA 200

$12.73

RSI (14)

19.3

52W High

$21.09

From 52W High

0.6%

SCORE BREAKDOWN

Quality

ROIC

-3.4%9.5

ROE

-3.6%12.1

GP/Assets

6.1%14.2

Op. Margin

-7.6%8.0

FCF/Assets

4.4%61.9

Piotroski

—36.7

Int. Cover

-11.1x4.7

D/E Ratio

0.22x64.5

Current Ratio

2.39x72.4

Value

P/E (TTM)

—N/A

EV/EBITDA

-28.1x94.9

P/FCF

221.3x38.8

P/B

1.9x52.7

P/S

4.1x20.7

Div Yield

—N/A

Momentum

52W High %

60%17.6

RS 6M

-20%42.3

SMA 50/200

0.99x39.5

EPS Rev 4W

—N/A

EPS Rev 12W

—N/A

EPS Improve

+441%94.6

Q Growth

—N/A

FUNDAMENTALS

Market Cap

$1.8B

P/E (Forward)

14.4x

Gross Margin

19.8%

SECTOR PEERS

Closest peers in Industrials, ranked by industry match, size, and score similarity. Cross-listings of 688032.SS are excluded.

Ticker	Company	Mkt Cap	StockRank	Signal
688032.SS	Hoymiles Power Electronics Inc.(you)	$1.8B	28	SELL
002580.SZ	Shandong Sacred Sun Power Sources Co.,Ltd	$1.6B	27	SELL
605222.SS	Shanghai QiFan Cable Co., Ltd	$1.8B	32	SELL
688191.SS	Zhiyang Innovation Technology Co., Ltd.	$1.9B	24	SELL
600973.SS	Baosheng Science and Technology Innovation Co.,Ltd.	$1.4B	25	SELL
002276.SZ	Zhejiang Wanma Co., Ltd.	$1.8B	21	SELL
603662.SS	Keli Sensing Technology (Ningbo) Co.,Ltd.	$2.5B	28	SELL
301013.SZ	Shenzhen Lihexing Co.,Ltd.	$1.5B	22	SELL
301680.SZ	GOODE EIS SUZHOU CORPORATION LT	$1.5B	23	SELL
300341.SZ	Motic (Xiamen) Electric Group Co.,Ltd	$1.1B	28	SELL

Peer medians: ROE 6.0% · P/E 34.7x · Gross margin 22.9%

Hoymiles Power Electronics Inc. (688032.SS) — Stock Score Summary

Hoymiles Power Electronics Inc. (688032.SS) has a MoatMap StockRank of 28/100 based on Quality (32/100), Value (46/100), and Momentum (41/100) factor scores. The current signal is SELL. Hoymiles Power Electronics manufactures solar microinverters. While it operates in the renewable energy sector, the solar inverter market is highly commoditized with intense price competition from larger Chinese players, and its quality score is low (Q: 32).

Key Financial Metrics

Price	$12.73
Market Cap	$1.8B
P/E (Forward)	14.39
Price/Book	1.85
Return on Equity	-3.6%
Return on Invested Capital	-3.4%
Debt/Equity	22.30
Gross Margin	19.8%
Operating Margin	-7.6%
Revenue Growth	194.2%
Free Cash Flow	$8M

Hoymiles Power Electronics Inc. operates in the Electrical Equipment & Parts industry, part of the Industrials sector (China).

Frequently Asked Questions

What is Hoymiles Power Electronics Inc.’s (688032.SS) StockRank?: MoatMap’s StockRank for Hoymiles Power Electronics Inc. (688032.SS) is 28/100, with a Sell signal. It is a composite of Quality (32), Value (46), and Momentum (41) factor ranks across MoatMap’s 19,000+ stock universe.
Does Hoymiles Power Electronics Inc. have an economic moat?: Hoymiles Power Electronics Inc. (688032.SS) has a Quality factor score of 32/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Hoymiles Power Electronics Inc. a buy, hold, or sell?: MoatMap’s current signal for Hoymiles Power Electronics Inc. (688032.SS) is Sell, based on a StockRank of 28/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is Hoymiles Power Electronics Inc. in?: Hoymiles Power Electronics Inc. (688032.SS) operates in the Industrials sector, specifically the Electrical Equipment & Parts industry (China).