SolarEdge Reports Record Q1/2023 Revenues
Non-US & Europe Regions Boost SolarEdge’s Financials in First Quarter As Supply Chain Worries Ease
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
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
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
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
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
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
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
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
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
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
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
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.
SolarEdge Q2/21 Revenues Grew 45% YoY To $480 Mn
Higher Logistic Costs Impact Solar Segment Gross Margin For SolarEdge Technologies In Q2/2021, Even As Europe Accounts For Record Revenues That Grew 45% YoY To $480 Million
According to SolarEdge’s GAAP results for Q2/2021, solar segment gross margin of 37.4% was affected by close to 150 basis points by higher logistic costs, due to high freight costs.
SolarEdge VP Marketing Stepping Down
SolarEdge Looking For New Chief Marketing Officer As VP Marketing & Product Strategy & Co-Founder Lior Handelsman Decides To Leave
Lior Handelsman (in the picture) wants to make a career in venture capital and hence has put in his papers at SolarEdge, the very successful Israeli inverter manufacturer he co-founded.
SolarEdge Founder Guy Sella Passes Away
SolarEdge Founder, Co-Chairman & CEO Guy Sella Dies After Prolonged Illness, Days After Company Management Appointed Zvi Lando As Acting CEO
Just few days after appointing Zvi Lando as the its acting CEO, SolarEdge's management announced the death of its founder Guy Sella and CEO (in the picture).
SolarEdge Management Appoints Acting CEO
SolarEdge Founder, Co-Chairman & CEO Guy Sella Takes Leave Of Absence Effective Immediately Due To Health Reasons; Zvi Lando Appointed As Acting CEO
Guy Sella (left) has been forced to take a leave of absence from work due to health issues. Zvi Lando (right) will step in his shoes in the meantime as acting CEO of SolarEdge.
SolarEdge Gets New Chief Operating Officer
Ex-Flextronics Senior Vice President For Global Operations Uri Bechor Joins SolarEdge Technologies As Company’s Chief Operating Officer
At SolarEdge, Uri Bechor (in the picture) will be expected to strengthen the Israeli inverter company's operational capabilities across the group.
Changes In SolarEdge Senior Management
SolarEdge Technologies Senior Director Marketing & Communications Thomas Franken Joins Tesvolt; Ex-Huawei Executive Alison Finch Joins SolarEdge As Vice-President Marketing For Europe
Alison Finch, in a file photo, was CMO of Huawei Technologies' European solar inverter team before joining SolarEdge as its VP Marketing for Europe.
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