OverviewSuggest Edit

SolarEdge Technologies is a company that 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. Additionally, the company supplies e-mobility products and machinery. SolarEdge Technologies serves PV professionals as well as residential and commercial markets.

TypePublic
Founded2006
HQHerzliya, IL
Websitesolaredge.com
Employee Ratings3.8
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2019)2,431(+40%)
Job Openings28
Revenue (FY, 2020)$1.5 B(+3%)
Share Price (Apr 2021)$279.4(+2%)
Cybersecurity ratingDMore

Key People/Management at SolarEdge

Zvi Lando

Zvi Lando

Chief Executive Officer
Ronen Faier

Ronen Faier

Chief Financial Officer
Ilan Yoscovich

Ilan Yoscovich

Chief Technology Officer
Uri Bechor

Uri Bechor

Chief Operating Officer
Rachel Prishkolnik

Rachel Prishkolnik

VP General Counsel & Corporate Secretary
Yoav Galin

Yoav Galin

VP Research & Development, Founder
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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
# 15, Sankey Main Rd, Lower Palace Orchards, Sadashivanagar, Lower Palace Orchards, Guttahalli
Show all (14)

SolarEdge Financials and Metrics

SolarEdge Revenue

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SolarEdge's revenue was reported to be $1.46 b in FY, 2020
USD

Revenue (FY, 2020)

1.5b

Gross profit (FY, 2020)

461.4m

Gross profit margin (FY, 2020), %

31.6%

Net income (FY, 2020)

140.3m

EBIT (FY, 2020)

142.6m

Market capitalization (23-Apr-2021)

13.4b

Closing stock price (23-Apr-2021)

279.4

Cash (31-Dec-2020)

827.1m

EV

13.2b
SolarEdge's current market capitalization is $13.4 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

607.0m937.2m1.4b1.5b

Revenue growth, %

24%54%52%

Cost of goods sold

392.3m618.0m946.3m997.9m

Gross profit

214.8m319.2m479.3m461.4m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

209.9m227.1m236.6m271.9m325.0m410.6m431.2m331.9m338.1m

Cost of goods sold

130.3m145.2m158.6m185.8m214.3m271.2m291.2m228.9m230.0m

Gross profit

79.6m81.9m78.0m86.1m110.7m139.3m140.0m103.0m108.1m

Gross profit Margin, %

38%36%33%32%34%34%32%31%32%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

163.2m191.6m223.9m827.1m

Accounts Receivable

109.5m173.6m298.4m218.7m

Prepaid Expenses

135.4m

Inventories

83.0m141.5m170.8m331.7m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

229.2m214.5m192.9m226.5m176.6m247.3m324.1m428.4m1.0b

Accounts Receivable

127.5m118.1m151.1m187.5m237.8m292.2m235.7m181.7m183.1m

Prepaid Expenses

79.9m83.9m

Inventories

98.4m102.0m107.2m150.8m148.9m134.3m198.6m264.5m297.0m
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

84.2m128.0m145.0m140.3m

Depreciation and Amortization

9.2m12.6m26.9m31.8m

Inventories

(15.7m)(20.2m)(22.5m)(149.7m)

Accounts Payable

35.5m31.5m47.8m3.3m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

35.7m70.3m115.9m18.0m50.9m92.6m42.2m78.9m122.7m

Depreciation and Amortization

3.2m6.1m8.4m5.8m13.0m20.0m7.3m15.3m23.5m

Inventories

(15.3m)(19.0m)(18.1m)964.0k1.7m15.7m(29.0m)(94.2m)(122.0m)

Accounts Payable

13.6m12.1m14.0m(21.7m)5.5m21.3m(17.6m)(1.8m)(35.5m)
USDFY, 2017

Revenue/Employee

602.8k

Financial Leverage

1.6 x
Show all financial metrics

SolarEdge Operating Metrics

FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020

Inverters Shipped

317.29 k99.65 k113.77 k121.84 k455.79 k130.67 k160.12 k187.89 k665.52 k202.01 k

Power Optimizers Shipped

7.37 m2.48 m2.74 m3 m11.35 m3.03 m3.73 m4.59 m15.8 m5.06 m

Inverter Systems Shipped, MW

2.46 k8009851.08 k3.92 k1.14 k1.34 k1.5 k5.62 k1.85 k

Inverters Shipped to Date

950 k1.05 m1.16 m1.3 m1.4 m15 m1.7 m1.9 m2.1 m2.3 m
Show all operating metrics

SolarEdge Acquisitions / Subsidiaries

Company NameDateDeal Size
S.M.R.E.January 24, 2019
SMREJanuary 07, 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.
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SolarEdge Revenue Breakdown

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SolarEdge revenue breakdown by business segment: 11.6% from Others, 44.5% from Optimizers and 43.9% from Inverters

SolarEdge revenue breakdown by geographic segment: 14.0% from Netherlands, 24.2% from Europe, 47.6% from United States and 14.2% from Rest of the World

SolarEdge Cybersecurity Score

Cybersecurity ratingPremium dataset

D

62/100

SecurityScorecard logo

SolarEdge Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

SolarEdge Online and Social Media Presence

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SolarEdge Company Culture

  • Overall Culture

    A+

    95/100

  • CEO Rating

    A+

    100/100

  • Compensation

    A+

    100/100

Learn more on Comparably

SolarEdge News and Updates

Thinking about trading options or stock in Freeport-McMoRan, Tesla, Pure Storage, Solaredge Technologies, or Workday?

NEW YORK, March 12, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for FCX, TSLA, PSTG, SEDG, and WDAY. Click a link below then choose between in-depth options trade idea report or a stock score report. Options Report – Ideal trade ideas on up to seven different...

SolarEdge Technologies To Supply EV Powertrain & Battery For Fiat E-Ducato

SolarEdge Technologies has announced that it has been chosen to supply the full electric powertrain units and batteries for the production of Fiat’s E-Ducato light commercial vehicle. SolarEdge Chief Executive Officer, Zivi Lando, spoke of the significant moment and how honored SolarEdge is to have …

SolarEdge, Enphase & First Solar: Solar Stocks Have Rallied Big, What Are The Risks?

Solar stocks have done exceedingly well this year. Our indicative theme of Solar Stocks is up by 244% year-to-date, compared to the broader S&P 500 which is up by about 11% over the same period. There’s a good reason for this. President-elect Joe Biden has pledged to spend about $2 trillion...

SolarEdge stock falls 15% on Q3 sales miss, weaker Q4 sales guidance

Shares of SolarEdge Technologies Inc. fell more than 15% in the extended session Monday after the maker of solar inverters and other devices for solar-power systems reported third-quarter sales below Wall Street expectations and guided for lower-than-expected sales for its fourth quarter. SolarEdge…
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SolarEdge Blogs

US System Owners Wizard page

US System Owners Wizard page omer.b Thu, 04/29/2021 - 11:19 page url service/support/system-owner

3 Ways SolarEdge Improves PV Safety

3 Ways SolarEdge Improves PV Safety Installing and maintaining a solar energy system is generally a safe, secure process. However, like the cars we drive, some PV systems have better PV safety features than others. To know what to look for, it’s important to understand the basics of PV…

Full stack SW Engineer / Professional Services Team

Full stack SW Engineer / Professional Services Team sarit.o Sun, 04/25/2021 - 11:57 Job description:   SolarEdge is a global leader in smart energy technology. SolarEdge's broad range of products encompasses intelligent & efficient conversion systems, EV chargers, smart energy so…

Technical Service Engineer, Tier 2 / Technical Account Manager

Technical Service Engineer, Tier 2 / Technical Account Manager omer.b Sun, 04/25/2021 - 08:22 As Tier 2 Support Engineer, you will be responsible to engage in the monitoring and troubleshooting support, supervision and coordination of customers Solar Power Plants. What will you be d…

The Solar Solution to Energize Your Business

The Solar Solution to Energize Your Business sarit.o Tue, 04/20/2021 - 20:21 Why It Makes Sense to Run on Sun? There’s never been a climate more inducive to energy independence. Operational expenses are negatively impacted by risin…

Investing in Renewable Energy with a SolarEdge PV system

Investing in Renewable Energy with a SolarEdge PV system sarit.o Tue, 04/20/2021 - 20:11 The Future is Bright Solar power installations have become a popular and profitable investment, with low operating and maintenance costs and, …
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SolarEdge Frequently Asked Questions

  • When was SolarEdge founded?

    SolarEdge was founded in 2006.

  • Who are SolarEdge key executives?

    SolarEdge's key executives are Zvi Lando, Ronen Faier and Ilan Yoscovich.

  • How many employees does SolarEdge have?

    SolarEdge has 2,431 employees.

  • What is SolarEdge revenue?

    Latest SolarEdge annual revenue is $1.5 b.

  • What is SolarEdge revenue per employee?

    Latest SolarEdge revenue per employee is $600.3 k.

  • Who are SolarEdge competitors?

    Competitors of SolarEdge include Enphase Energy, Huawei and ABB.

  • 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.