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 Ratings3.9

Latest Updates

Employees (est.) (Dec 2019)2,431(+40%)
Revenue (FY, 2019)$1.4 B(+53%)
Share Price (Oct 2020)$270.1 (+3%)
Cybersecurity ratingCMore

Key People/Management at SolarEdge

Guy Sella

Guy Sella

CEO and Chairman, Founder
Zvi Lando

Zvi Lando

CEO
Ronen Faier

Ronen Faier

Chief Financial Officer
Ilan Yoscovich

Ilan Yoscovich

Chief Technology Officer
Amir Fishelov

Amir Fishelov

Chief Software Architect, Founder
Meir Adest

Meir Adest

Chief Information Officer, Founder
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SolarEdge Office Locations

SolarEdge has offices in Herzliya, Fremont, East Melbourne, Shanghai and in 10 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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View revenue for all periods
SolarEdge's revenue was reported to be $1.43 b in FY, 2019 which is a 52.1% increase from the previous period.
USD

Revenue (Q2, 2020)

331.9m

Gross profit (Q2, 2020)

103.0m

Gross profit margin (Q2, 2020), %

31%

Net income (Q2, 2020)

36.7m

EBIT (Q2, 2020)

30.0m

Market capitalization (29-Oct-2020)

13.5b

Closing stock price (29-Oct-2020)

270.1

Cash (30-Jun-2020)

428.4m

EV

13.2b
SolarEdge's current market capitalization is $13.5 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

607.0m937.2m1.4b

Revenue growth, %

24%54%52%

Cost of goods sold

392.3m618.0m946.3m

Gross profit

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

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

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

Cash

163.2m191.6m223.9m

Accounts Receivable

109.5m173.6m298.4m

Inventories

83.0m141.5m170.8m

Current Assets

476.7m678.1m932.8m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

229.2m214.5m192.9m226.5m176.6m247.3m324.1m428.4m

Accounts Receivable

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

Prepaid Expenses

79.9m

Inventories

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

Net Income

84.2m128.0m145.0m

Depreciation and Amortization

9.2m12.6m26.9m

Inventories

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

Accounts Payable

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

Net Income

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

Depreciation and Amortization

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

Inventories

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

Accounts Payable

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

EV/EBIT

16 x

EV/CFO

10.6 x

Revenue/Employee

602.8k

Financial Leverage

1.6 x

P/E Ratio

20.3
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 m15.80 m5.06 m

Inverter Systems Shipped, MW

2.46 k800 985 1.08 k3.92 k1.14 k1.34 k1.50 k5.62 k1.85 k

Inverters Shipped to Date

950 k1.05 m1.16 m1.30 m1.40 m15 m1.70 m1.90 m2.10 m2.30 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 Cybersecurity Score

Cybersecurity ratingPremium dataset

C

70/100

SecurityScorecard logo

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 Online and Social Media Presence

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SolarEdge News and Updates

Thinking about trading options or stock in Advanced Micro Devices, Bank of America, Ford, Solaredge Technologies, or Caterpillar?

NEW YORK, Sept. 29, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for AMD, BAC, F, SEDG, and CAT. 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...

Enphase, SolarEdge, First Solar: Solar Stocks Poised To Shine

Solar stocks are back in favor with investors, with our indicative theme of U.S. listed solar stocks - which includes First Solar, Enphase Energy and NextEra among others up by about 71% YTD versus about 6% for the broader S&P 500. The theme has also outperformed, returning over 653% since the e…

SolarEdge Stock Rallies To $150 – Too Good To Be True?

SolarEdge Technologies stock is up around 56% since the beginning of this year, and at the current price of around $149 per share, we believe SolarEdge stock has a significant downside. Why is that? Our belief stems from the fact that SolarEdge’s stock remains almost 300% higher than the low...

Growatt ranked third after SolarEdge and SMA in single-phase inverter shipments

SHENZHEN, China, June 11, 2020 /PRNewswire/ -- Growatt, the leading Chinese manufacturer of PV string inverters took over 11% market share of single-phase inverters worldwide in 2019, coming in the third place after SolarEdge and SMA according to PV Inverter Market Tracker by IHS Markit....

SolarEdge to Supply Enfindus with Inverters for 1GW of European Solar Projects

The four-year, pan-European agreement is intended for commercial and industrial (C&I) rooftop PV systems. Enfindus plans to finance, build, and operate the PV systems and offer corporate PPAs to rooftop owners.read more

SolarEdge CEO Takes Leave of Absence to Address Health Issues

SolarEdge CEO Takes Leave of Absence to Address Health Issues
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SolarEdge Blogs

Will historical site data from the monitoring app still be accessible in mySolarEdge?

Will historical site data from the monitoring app still be accessible in mySolarEdge? niv.y Mon, 10/19/2020 - 17:14 Yes. The mySolarEdge app displays the same historical monitoring data as the monitoring app, as both are accessed via the SolarEdge monitoring server. S…

Do I need to sign up separately to mySolarEdge?

Do I need to sign up separately to mySolarEdge? niv.y Mon, 10/19/2020 - 17:12 No. You can use your existing SolarEdge monitoring credentials. If you do not have these yet, contact your installer for more information. Signing up from the app is possible, however it will only allow you …

How do I get started with the mySolarEdge app? Do I first need to sign up?

How do I get started with the mySolarEdge app? Do I first need to sign up? niv.y Mon, 10/19/2020 - 17:12 First, download mySolarEdge for free from the Apple or Android app stores, depending on your smartphone model. Then, log in to the app using your existing SolarEdge monitoring usern…

Can I connect mySolarEdge to my inverter? What is a SetApp-enabled inverter?

Can I connect mySolarEdge to my inverter? What is a SetApp-enabled inverter? niv.y Mon, 10/19/2020 - 17:09 You can use mySolarEdge to gain real-time visibility into your energy use and system production, no matter which SolarEdge inverter you have. SetApp-enabled inverters are inverte…

Marketing Associate – Temporary (Maternity Leave)

Marketing Associate – Temporary (Maternity Leave) omer.b Wed, 10/14/2020 - 09:06 Location: Lyon, France The EU Marketing team is made up of highly creative, competent, marketing professionals, who are capable of thinking and doing at the same time. As a Marketing Associate, you’ll be …

Project Coordinator, Utrecht, Netherlands

Project Coordinator, Utrecht, Netherlands omer.b Tue, 10/13/2020 - 12:36 Solaredge is looking for an ambitious, project minded and driven Support Project coordinator, to join our outstanding Dutch team. On this role, you will be responsible for multiple support projects from begin to e…
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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 Guy Sella, Zvi Lando and Ronen Faier.

  • How many employees does SolarEdge have?

    SolarEdge has 2,431 employees.

  • What is SolarEdge revenue?

    Latest SolarEdge annual revenue is $1.4 b.

  • What is SolarEdge revenue per employee?

    Latest SolarEdge revenue per employee is $586.5 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 10 other locations.

  • How many offices does SolarEdge have?

    SolarEdge has 14 offices.