Ubiquiti Offers sunMax for Cost-Effective Solar Deployments
Ubiquiti Networks Inc. UBNT recently added sunMAX, a “plug and play” solution, to its portfolio. This new addition will render deployment of solar applications on a global scale easier. Management believes that sunMAX, one of the most comprehensive and cost-effective solutions in the market, will significantly aid independent solar installation contractors worldwide.
Ubiquiti’s sunMAX comes with a host of interesting features that makes it user friendly as well as productive. While the “online repository” feature offers case studies and discussion forums to supplement users’ knowledge base, “sunLink” is designed to aid project assignment and management of customer information. The “AC Solar Module” makes the system compact, while “solar gateway” allows monitoring on a real-time basis.
As a matter of fact, Ubiquiti spends heavily toward research and development activities to facilitate innovative products and state-of-art technology. For fiscal 2015, the company’s research and development activities rose 60.8% year over year in terms of improvement of existing products and launch of new products. Moreover, most of the company’s leading platforms, including airMAX, UniFi, airFiber, UniFi Video, mFi and EdgeMAX, enjoy wide popularity among customers, thus adding to its strength.
We believe Ubiquiti’s decision to add sunMax to its portfolio is judicious, considering the bright prospects of solar energy market and the fact that the product aims to make solar installations easier. Transparency Market Research reports predict that the solar power market will grow at a CAGR of 19.4% during 2014–2020, primarily driven by advantages such as cost-effectiveness, durability, and minimum emission of greenhouse gases.
However, Ubiquiti operates in an extremely competitive environment that is characterized by rapid technological changes, evolving standards, frequent product introductions and short product life-cycles, all of which adds to the company’s concerns. Additionally, political and economic instability in some of its key markets continues to bother this Zacks Rank #3 (Hold) stock’s financials.
Better-ranked stocks in the sector include Ericsson ERIC, Motorola Solutions, Inc. MSI and Nokia Corporation NOK. All three stocks hold a Zacks Rank #2 (Buy).
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