SolarEdge Q4 Revenue Jumps 39% to $263.7 Mn Updated On Thu, Feb 21st, 2019 by Saurenergy However, the company’s net income dropped 34% in Q4 at USD 12.9 million, from USD 19.5 million in the same period a year ago. Israel-based inverter solutions provider SolarEdge Technologies has reported a significant growth of 39 percent in its total revenue at USD 263.7 million during the fourth quarter of FY 2018, as against USD […] Read more
SolarEdge Announces Third Quarter 2018 Financial Results Updated On Fri, Nov 2nd, 2018 by Saurenergy SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology, today announced its financial results for the third quarter ended September 30, 2018. Third Quarter 2018 Highlights Record revenues of $236.6 million, up 42% year-over-year GAAP net income of $45.6 million GAAP net diluted EPS of $0.95 Non-GAAP net diluted EPS of $0.86 […] Read more
SolarEdge to Buy 75% Stake in Li-Ion Cells, Batteries Maker for $88 Mn Updated On Fri, Oct 12th, 2018 by Saurenergy As per the deal, the acquisition of approximately 75 percent outstanding equity shares of Kokam reflects an aggregate investment of approximately USD 88 million, including related transaction expenses. Israel-based SolarEdge Technologies has inked a definitive pact to acquire a major stake in Kokam, a provider of Lithium-ion cells, batteries and energy storage solutions. As […] Read more
SolarEdge Files Patent Infringement Lawsuit against Huawei, German Distributor Updated On Tue, Jun 19th, 2018 by Saurenergy The lawsuit was filed in the Regional Court of Mannheim in Germany which is one of the most pre-eminent German patent courts, asserts unauthorized use of patented technology, which is prohibited by law. Israel-based inverter solutions provider SolarEdge Technologies has filed a lawsuit for patent infringement against China-based Huawei Technologies Co Ltd, German entity Huawei […] Read more
SolarEdge Revenue Surges 82% at $209.9 Mn in Q1 Updated On Fri, May 11th, 2018 by Saurenergy Strong first quarter results with record revenues and record profitability, despite the traditional seasonal slowdown and continued industry wide components shortages, says Guy Sella. Israel-based inverter solutions provider SolarEdge Technologies reported its robust total revenue jumped by 82 percent at USD 209.9 million in the first quarter of 2018 from USD 115.1 million last year, and rose 11 […] Read more
SolarEdge Set to Enter Footprints in UPS Market via Gamatronic’s Acquisition Updated On Fri, May 11th, 2018 by Saurenergy The agreement is subject to customary closing conditions and is expected to close by the end of the second quarter of 2018. With an aim to move into the markets beyond solar arena, publicly listed PV inverter maker, SolarEdge Technologies will enter into the UPS market by signing an asset purchase agreement with Gamatronic Electronic […] Read more
SolarEdge Launches Grid Services, Virtual Power Plant Solution Updated On Fri, May 4th, 2018 by Saurenergy It’s grid services offer aggregative control and data reporting enabling the pooling of PV and storage in the cloud for the creation of virtual power plants. Israel-based inverter solutions provider SolarEdge Technologies has launched an innovative solution for grid services and virtual power plants. The solution supports a new model of energy generation. It’s grid […] Read more
