SolarEdge Announces Restructuring Plan To Cut Costs
Inverter Manufacturer To Reduce Global Workforce By 16 Percent, Most From Manufacturing Sites
Monday, 22 Jan 2024
Israel-headquartered solar PV inverter manufacturer SolarEdge Technologies says it will cut down its global workforce by 16% to reduce its operating expenses and ‘align cost structure to current market dynamics.’ It would entail letting go of c.
Israeli Solar Inverter Maker Updates Its Residential Inverter Portfolio
SolarEdge Launches Its Latest Versions of Home Hub & Wave Inverters At RE+ 2023
Friday, 17 Nov 2023
Israel-headquartered solar PV inverter manufacturer SolarEdge Technologies has launched what it says is the latest version of the company’s SolarEdge Home Hub and Wave inverters that are compatible with larger PV systems.
SolarEdge Reports Q3/2023 GAAP Net Loss Of $61.2 Million
Solar Inverter Maker Offers Subdued Q4 Revenue Forecast; Discontinues Mexico Manufacturing With Reduced Demand
Thursday, 02 Nov 2023
SolarEdge Technologies has delivered its Q3/2023 financials in line with its revised forecast, saying the results reflect a slow market environment leading to high inventory of its products in distribution channels, especially in Europe.
Israeli PV Inverter Maker Adjusts Q3/2023 Guidance
SolarEdge Reports Unexpected Cancellations & Pushouts From European Distributors
Friday, 20 Oct 2023
SolarEdge Technologies has adjusted its Q3/2023 financial guidance citing substantial unexpected cancellations and pushouts of existing backlogs from European distributors during the 2nd half of the quarter. After reporting record revenues of $991..
Day 2 Highlights From RE+ 2023 At Las Vegas
US Solar Industry Urging Congress To Preserve IRA Policies & More From REC, SolarEdge, Anker, SEPA
Wednesday, 13 Sep 2023
RE+ 2023 tradeshow entered day 2 with another round of new launches and industry discussions over the bright future of the solar industry and their prospects in it.
SolarEdge Reports Record Revenues For Q2/2023
Solar Inverter Maker Shipped 4.3 GW, Meets Guidance; Offers Cautious Q3/2023 Forecast
Wednesday, 02 Aug 2023
Israel based SolarEdge Technologies reported record revenues of $991.3 million for Q2/2023, with its solar segment contributing $947.4 million, within the guided range.
SolarEdge Strengthens Solar Supply Chain
Infineon Technologies Roped In For Semiconductor Supply Under Multi-Year Procurement Agreement
Friday, 28 Jul 2023
Leading German semiconductor manufacturer Infineon Technologies has secured a multi-year Capacity Reservation Agreement (CRA) with Israel based SolarEdge Technologies as part of the latter’s strategy to strengthen its supply chain of the critical m.
Day 2 Highlights From Intersolar Europe 2023
Maxeon Strikes Deals With Samsung & EV.Energy & More From SolarEdge, LONGi, Astronergy, Menlo
Thursday, 15 Jun 2023
The Smarter E / Intersolar Europe 2023 at Munich, Germany continues to be the hotbed of various partnerships, deals and new product unveilings.
SolarEdge Reports Record Q1/2023 Revenues
Non-US & Europe Regions Boost SolarEdge’s Financials in First Quarter As Supply Chain Worries Ease
Monday, 08 May 2023
The year has begun with a bang for Israel based global solar PV inverter supplier SolarEdge Technologies, Inc as the company reported $943.9 million revenues for Q1/2023, with CEO Zvi Lando calling it a ‘record revenue quarter from our non-US, non-Europe region’.
SolarEdge Reports ‘Record’ 2022 Revenues, Up 58% Annually
SolarEdge Gets Ready To Start Shipping Initial Products From US Fab By Q3/2023, After Reporting Strong Financials In 2022
Wednesday, 15 Feb 2023
Israel based solar inverter supplier SolarEdge Technologies, Inc exited 2022 with ‘record’ revenues of $3.11 billion that increased 58% annually, including $890.7 million in Q4/2022 as it expects to start rolling out initial products from the planned US manufacturing facility in Q3/2023.
SolarEdge To Acquire Hark Systems
Energy Analytics & IoT Company To Help Expand SolarEdge’s Monitoring & Energy Management Services For C&I Customers
Wednesday, 04 Jan 2023
SolarEdge Technologies, Inc is acquiring UK based energy analytics and internet of things (IoT) company Hark Systems Ltd in a move that it believes will help its commercial and industrial (C&I) customers expand their capabilities in energy management and connectivity.
SolarEdge Reports $837 Million Revenues In Q3/2022
Inflation Reduction Act Impact: SolarEdge Plans To Establish US Manufacturing Facility In 2023
Tuesday, 08 Nov 2022
Another thumbs up to US President Joe Biden administration’s Inflation Reduction Act (IRA) with yet another solar company announcing plans to enter US manufacturing within 2023 – and this time it is Israel headquartered solar PV inverter supplier SolarEdge Technologies.
North America PV News Snippets
Sunnova Proposes To Establish Solar & Storage Micro Utility In California & More From Arevon, Duke Energy, USITC, Convalt
Tuesday, 06 Sep 2022
Sunnova wants to build solar and storage micro utility; Arevon gets $400 million facility for 6 GW solar and storage pipeline; Duke Energy completes 700 MW solar portfolio; USITC initiates investigation into Ampt’s complaint; Convalt’s 900 MW sol.
2021 Inverter Rankings A Chinese Game
Global PV Inverter Shipments Added Up To 225 GW AC In 2021, Led By Huawei & Chinese Peers
Friday, 08 Jul 2022
In 2021, global solar PV inverter shipments added up to 225.286 GW AC in 2021, having grown 22% or 40.25 GW AC on annual basis, thanks to strong growth supported by government policies in the markets of Europe, India and Latin America, says Wood Mackenzie.
SolarEdge Gets Its Own Lithium-Ion Battery Fab
SolarEdge Starts South Korean Fab For Residential Solar-Attached Batteries
Thursday, 26 May 2022
Israel headquartered solar inverter and battery storage supplier SolarEdge Technologies has started test production of battery cells at its 2GWh manufacturing facility Sella 2 in South Korea which will come in handy to build the company’s supply chain resilience.
SolarEdge’s Q1/2022 Financial Results
Israel’s SolarEdge Posts Strong Q1/2022; Guides For Up To $740 Million Revenues For Next Quarter
Tuesday, 03 May 2022
SolarEdge Technologies, Inc, the Israel headquartered solar PV inverter supplier, ticked all the right boxes with its Q1/2022 revenues of $655.1 million having gone up 19% QoQ and 62% YoY, thanks to strong solar business in the US and Europe.
2021 US Solar Installer Leaderboard
Wood Mackenzie: Sunrun Top Residential Solar Installer In 2021; Hanwha Top Module Supplier
Thursday, 31 Mar 2022
US market research firm Wood Mackenzie sees residential solar installer Sunrun as the top installer in this space for the 5th consecutive year with 13% market share, and says even though its market share slips, the company maintains a comfortable lead over competitors.
North America PV News Snippets
Sol-REIT & Source Renewables Target Disadvantaged Communities For Solar & More From Origis, SolarEdge, QTS
Monday, 21 Mar 2022
Maxeon Solar secures 400 MW module order from Origis Energy; SolarEdge plans to offer 2 million shares proceeds from which may be used for acquisitions; QTS Realty Trust has entered a 20-year PPA with Georgia Power for 350 MW solar; Sol-REIT & So.
SMA Solar’s 2021 Preliminary Financial Results
German Inverter Maker Further Lowers 2021 EBITDA Guidance; Offers 2022 Annual Guidance
Friday, 04 Mar 2022
Solar inverter supplier from Germany, SMA Solar Technology AG has lowered its EBITDA guidance for 2021 the 3rd time since December 2021, down to about €9 million, from the previous guidance of €20 million to €30 million it offered in January 2022 (see SMA Solar Lowers 2021 Earnings Guidance).
SolarEdge’s Q4/2021 Financial Results
SolarEdge Exited 2021 With 34.6% Annual Growth In Revenues & 21% Improvement In Net Income
Wednesday, 16 Feb 2022
Israel headquartered solar inverter supplier SolarEdge Technologies, Inc achieved record revenues of $551.9 million in Q4/2021, reflecting an annual increase of 54% and contributing to the 34.6% YoY growth in 2021 revenues of $1.96 billion.
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