OverviewSuggest Edit

SolarEdge is a company provides distributed solar power harvesting and module-level photovoltaic (PV) monitoring solutions. It offers PV, battery storage and backup solutions, EV charging, home energy management, grid services and virtual power plants, and uninterrupted power supply (UPS) solutions. The company serves PV professionals as well as residential and commercial markets.
TypePublic
Founded2006
HQHerzliya, IL
Websitesolaredge.com
Employee Ratings4.2

Latest Updates

Employees (est.) (Dec 2018)1,737(+73%)
Job Openings32
Revenue (FY, 2018)$937.2 M(+55%)
Share Price (Jan 2020)$104.5 (+2%)

Key People/Management at SolarEdge

Ronen Faier

Ronen Faier

Chief Financial Officer
Zvi Lando

Zvi Lando

CEO and VP Global Sales
Lior Handelsman

Lior Handelsman

VP Marketing and Product Strategy, Founder
Rachel Prishkolnik

Rachel Prishkolnik

VP General Counsel & Corporate Secretary
Peter Mathews

Peter Mathews

North America General Manager
Alfred Karlstetter

Alfred Karlstetter

Europe General Manager
Show more

SolarEdge Office Locations

SolarEdge has offices in Herzliya, Fremont, East Melbourne, Shanghai and in 9 other locations
Herzliya, IL (HQ)
HaMada St 1
East Melbourne, AU
33 Agnes St
Shanghai, CN
1409, 318 Fuzhou Rd, Huangpu Qu
Lyon, FR
Tour Part-Dieu, 129 Rue Servient
München, DE
Werner-Eckert-Straße 6
Bengaluru, IN
14, 2nd Floor, B Wing, Sankey Road, Lower Palace Orchards, Sadashiva Nagar, Vasanth Nagar
Show all (14)

SolarEdge Financials and Metrics

SolarEdge Revenue

Embed Graph
View revenue for all periods
SolarEdge's revenue was reported to be $937.24 m in FY, 2018 which is a 54.4% increase from the previous period.
USD

Revenue (Q3, 2019)

410.6m

Gross profit (Q3, 2019)

139.3m

Gross profit margin (Q3, 2019), %

33.9%

Net income (Q3, 2019)

41.6m

EBIT (Q3, 2019)

66.0m

Market capitalization (10-Jan-2020)

5.1b

Closing stock price (10-Jan-2020)

104.5

Cash (30-Sept-2019)

247.3m

EV

4.9b
SolarEdge's current market capitalization is $5.1 b.
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

489.8m607.0m937.2m

Revenue growth, %

51%24%54%

Cost of goods sold

337.9m392.3m618.0m

Gross profit

152.0m214.8m319.2m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

115.1m136.1m166.6m209.9m227.1m236.6m271.9m325.0m410.6m

Cost of goods sold

76.4m89.0m108.5m130.3m145.2m158.6m185.8m214.3m271.2m

Gross profit

38.7m47.1m58.1m79.6m81.9m78.0m86.1m110.7m139.3m

Gross profit Margin, %

34%35%35%38%36%33%32%34%34%
Annual
USDFY, 2016FY, 2017FY, 2018

Cash

74.0m163.2m191.6m

Accounts Receivable

72.7m109.5m173.6m

Prepaid Expenses

21.3m42.2m45.1m

Inventories

81.6m83.0m141.5m
Quarterly
Annual
USDFY, 2016FY, 2017FY, 2018

Net Income

76.6m84.2m128.0m

Depreciation and Amortization

3.8m9.2m12.6m

Inventories

(7.4m)(15.7m)(20.2m)

Accounts Payable

(32.2m)35.5m31.5m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

14.2m36.7m64.7m35.7m70.3m115.9m18.0m50.9m92.6m

Depreciation and Amortization

1.9m3.9m6.2m3.2m6.1m8.4m5.8m13.0m20.0m

Inventories

6.5m11.2m5.0m(15.3m)(19.0m)(18.1m)964.0k1.7m15.7m

Accounts Payable

9.7m2.0m8.7m13.6m12.1m14.0m(21.7m)5.5m21.3m
USDY, 2019

EV/EBIT

74 x

EV/CFO

27.8 x

Financial Leverage

1.8 x
Show all financial metrics

SolarEdge Operating Metrics

FY, 2015FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019

Inverters Shipped

150.43 k223.59 k57.76 k75.02 k89.74 k317.29 k99.65 k113.77 k121.84 k455.79 k130.67 k160.12 k

Power Optimizers Shipped

3.53 m5.74 m1.47 m1.77 m2.04 m7.37 m2.48 m2.74 m3 m11.35 m3.03 m3.73 m

Inverter Systems Shipped, MW

920 1.62 k455 563 676 2.46 k800 985 1.08 k3.92 k1.14 k1.34 k

Inverters Shipped to Date

289 k513 k950 k1.40 m
Show all operating metrics

SolarEdge Acquisitions / Subsidiaries

Company NameDateDeal Size
S.M.R.E.January 24, 2019
KokamOctober 17, 2018
Gamatronic Electronic IndustriesJuly 01, 2018$12.08 m
Gamatronic (UK) Limited.
Guangzhou SolarEdge Machinery Technical Consulting Co. Ltd
Kokam Co., Ltd.
SolarEdge Technologies (Australia) PTY LTD
SolarEdge Technologies (Belgium) SPRL
SolarEdge Technologies (Bulgaria) Ltd.
SolarEdge Technologies (Canada) Ltd.
Show more

SolarEdge Revenue Breakdown

Embed Graph

SolarEdge revenue breakdown by business segment: 10.1% from Non-Solar and 89.9% from Solar

SolarEdge revenue breakdown by geographic segment: 13.2% from Netherlands, 18.8% from Europe, 53.9% from United States and 14.1% from Rest of the World

SolarEdge Online and Social Media Presence

Embed Graph

SolarEdge News and Updates

SolarEdge CEO Takes Leave of Absence to Address Health Issues

SolarEdge CEO Takes Leave of Absence to Address Health Issues

Thinking about buying stock in Aurora Cannabis, Cohu, Electronic Arts, Occidental Petroleum, or SolarEdge Technologies?

NEW YORK, May 8, 2019 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for ACB, COHU, EA, OXY, and SEDG. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link. ACB: ...

SolarEdge Boosts 2018 Revenue By 54% Even As It Diversifies Brand

Israeli smart energy technology company SolarEdge published its Fourth Quarter and Full Year 2018 financial results this week revealing another record revenue quarter and increasing full-year revenue by 54% even as the company expands beyond its roots as a solar manufacturer into battery and EV char…

Solar Micro Inverter Market 2019: Global Analysis by Key Players – ABB, Enphase Energy, SolarEdge Technologies, APS

Wiseguyreports.Com Publish New Market Research Report On -“Solar Micro Inverter Market - Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2019 - 2025” Posted via Industry Today. Follow us on Twitter @IndustryToday

SolarEdge EV Charging Now Compatible With Google Assistant

SolarEdge just announced its EV charging solar inverter can now be controlled with Google Assistant. The smart energy technology company is one of the first to connect EV charging to Google Assistant

SolarEdge Adds EV Tech to Its Portfolio With Majority Stake in Italys SMRE

The solar inverter maker will pay $77 million for a majority stake in the EV drivetrain and charging technology provider.read more
Show more

SolarEdge Blogs

Sales Manager North West France

Sales Manager North West France omer.b Wed, 12/11/2019 - 09:17 Responsibilities: Identify and close sales opportunities in accordance with the Company’s overall strategic plans and financial objectives in the region Develop and maintain relationships with solar distribution channels…

Sales Manager Spain

Sales Manager Spain omer.b Wed, 12/11/2019 - 08:45 Location: Northern Spain Responsibilities: Identify and close sales opportunities in accordance with the Company’s overall strategic plans and financial objectives in the region Develop and maintain relationships with solar distr…

SolarEdge Analyst Day

SolarEdge Analyst Day dar.m Mon, 11/25/2019 - 18:51 Analysts from all over the world will be joining us today in Carnegie Hall for SolarEdge's first Analyst Day. We are thrilled to present our vision for the future and share our strategy to reach these goals. A live webcast, beginning a…

Solar Sharing Page

Solar Sharing Page omer.b Tue, 11/19/2019 - 08:42 ソーラーシェアリング ソーラーシェアリング…

Genera

Genera omer.b Sun, 11/17/2019 - 14:33 Innovation, sustainability and business are the main lines of this edition of Genera that will bring together the leading companies and professionals to exchange knowledge, strategies, trends, etc. A total of 143 companies have confirmed their par…

Marketing Student, Rest of Europe (RoE) – focus on Hungary

Marketing Student, Rest of Europe (RoE) – focus on Hungary sarit.o Sun, 11/10/2019 - 14:55 Job Summary:   SolarEdge is a global leader in smart energy technology. We believe that a continuous improvement in the way we produce and consume energy will lead to a better future for all of…
Show more

SolarEdge Frequently Asked Questions

  • When was SolarEdge founded?

    SolarEdge was founded in 2006.

  • Who are SolarEdge key executives?

    SolarEdge's key executives are Ronen Faier, Zvi Lando and Lior Handelsman.

  • How many employees does SolarEdge have?

    SolarEdge has 1,737 employees.

  • What is SolarEdge revenue?

    Latest SolarEdge annual revenue is $937.2 m.

  • What is SolarEdge revenue per employee?

    Latest SolarEdge revenue per employee is $539.6 k.

  • Who are SolarEdge competitors?

    Competitors of SolarEdge include Trina Solar, First Solar and Itron.

  • Where is SolarEdge headquarters?

    SolarEdge headquarters is located at HaMada St 1, Herzliya.

  • Where are SolarEdge offices?

    SolarEdge has offices in Herzliya, Fremont, East Melbourne, Shanghai and in 9 other locations.

  • How many offices does SolarEdge have?

    SolarEdge has 14 offices.