SolarEdge provides groundbreaking distributed Power Harvesting and Monitoring systems that produce more PV energy at a lower cost. Module manufacturers, integrators, installers and system owners of residential and large-scale PV sites benefit from module-level monitoring, enhanced maintenance, constraint-free design, faster installation, improved safety, theft prevention and more.

Type
Public
HQ
Fremont, US
Founded
2006
Size (employees)
718 (est)
SolarEdge was founded in 2006 and is headquartered in Fremont, US
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Key People/Management at SolarEdge

Guy Sella

Guy Sella

CEO and Chairman, Founder
Ronen Faier

Ronen Faier

CFO
Zvi Lando

Zvi Lando

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
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SolarEdge Office Locations

SolarEdge has offices in Fremont, München, Shanghai, Chiyoda-ku and in 4 other locations
Fremont, US (HQ)
47505 Seabridge Dr
Collingwood, AU
25 23-45 Gipps St
München, DE
6 Werner-Eckert-Straße
Vianen, NL
11 Lange Dreef
Beykoz, TR
3 Çınar Sk.
London, GB
The Euston Office One Euston Square 40 Melton St
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SolarEdge Financials and Metrics

SolarEdge Financials

SolarEdge's revenue was reported to be $489.84 m in FY, 2016 which is a 50.7% increase from the previous period.
USD

Revenue (Q1, 2018)

209.9 m

Gross profit (Q1, 2018)

79.6 m

Gross profit margin (Q1, 2018), %

37.9%

Net income (Q1, 2018)

35.7 m

EBIT (Q1, 2018)

40.8 m

Market capitalization (14-Jun-2018)

2.3 b

Closing share price (14-Jun-2018)

51.2

Cash (31-Mar-2018)

229.2 m
SolarEdge's current market capitalization is $2.3 b.
Annual
USDFY, 2015FY, 2016

Revenue

325.1 m489.8 m

Revenue growth, %

51%

Cost of goods sold

243.3 m337.9 m

Gross profit

81.8 m152 m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

115.1 m124.8 m125.2 m128.5 m115.1 m136.1 m166.6 m209.9 m

Cost of goods sold

81.5 m86.3 m84.5 m86.6 m76.4 m89 m108.5 m130.3 m

Gross profit

33.5 m38.6 m40.7 m41.9 m38.7 m47.1 m58.1 m79.6 m

Gross profit Margin, %

29%31%33%33%34%35%35%38%
Annual
USDFY, 2015FY, 2016

Cash

144.8 m74 m

Accounts Receivable

35.4 m72.7 m

Inventories

74 m81.6 m

Current Assets

290.4 m309.8 m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

146.7 m106.2 m84.1 m90 m119.9 m113.5 m149.4 m229.2 m

Accounts Receivable

47.4 m46.7 m56.1 m84.9 m79.3 m79.9 m91.7 m127.5 m

Inventories

79.9 m87.4 m85.5 m68.4 m60.9 m56.2 m62.4 m98.4 m

Current Assets

298.3 m295 m289.3 m323.4 m369.5 m364.9 m424.6 m571.2 m
Annual
USDFY, 2015FY, 2016

Net Income

21.1 m76.6 m

Depreciation and Amortization

2.3 m3.8 m

Inventories

(48.5 m)(7.4 m)

Accounts Payable

41.1 m(32.2 m)
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2017Q3, 2017Q1, 2018

Net Income

14.4 m24.1 m20.8 m15.6 m14.2 m28 m35.7 m

Inventories

79.9 m87.4 m85.5 m68.4 m60.9 m62.4 m(15.3 m)

Accounts Payable

67.2 m62 m45.1 m

Cash From Operating Activities

64 m
USDY, 2018

Financial Leverage

1.7 x
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SolarEdge Operating Metrics

SolarEdge's Patent Applications was reported to be 114 in FY, 2016. SolarEdge's Training Provided, no. of people was reported to be 7 k in FY, 2016.
FY, 2015FY, 2016

Patent Applications

105 114

Patents Issued

52 72

Training Provided, no. of people

4.20 k7 k
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SolarEdge Revenue Breakdown

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SolarEdge revenue breakdown by business segment: 50.0% from Optimizers, 45.7% from Inverters and 4.3% from Other

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SolarEdge Online and Social Media Presence

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SolarEdge News and Updates

SolarEdge Files Patent Infringement Lawsuit Against Huawei & German Distributor WATTKRAFT

Israel-based solar PV inverter manufacturer SolarEdge has this week filed a patent infringement lawsuit in Germany against Chinese IT company Huawei, its German subsidiary, and the German distributor for Huawei WATTKRAFT Solar. 

Latest Study explores the Solar Microinverter Market Witness Highest Growth (CAGR of 15.54%) in near future

A new independent 118 page research with title 'Global Solar Microinverter Market 2018-2022' guarantees you will remain better informed than your competition. Posted via Industry Today. Follow us on Twitter @IndustryToday
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