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
Overall CultureC+

Latest Updates

Employees (est.) (Dec 2019)2,431(+40%)
Job Openings45
Revenue (FY, 2020)$1.5 B(+3%)
Share Price (Sept 2021)$272.5
Cybersecurity ratingDMore

Key People/Management at SolarEdge

Guy Sella

Guy Sella

CEO and Chairman, Founder
Zvi Lando

Zvi Lando

Chief Executive Officer
Iwan Groothuis

Iwan Groothuis

Managing Director, De Krim Resort
Ronen Faier

Ronen Faier

Chief Financial Officer
Ilan Yoscovich

Ilan Yoscovich

Chief Technology Officer
Uri Bechor

Uri Bechor

Chief Operating Officer
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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 (14-Sept-2021)

14.2b

Closing stock price (14-Sept-2021)

272.5

Cash (31-Dec-2020)

827.1m

EV

14.0b
SolarEdge's current market capitalization is $14.2 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
SolarEdge Automation MachinesJanuary 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

66/100

SecurityScorecard logo

SolarEdge Online and Social Media Presence

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SolarEdge Company Culture

  • Overall Culture

    C+

    69/100

  • CEO Rating

    A

    77/100

  • Compensation

    C-

    63/100

Learn more on Comparably

SolarEdge News and Updates

What’s Next For SolarEdge Technologies Stock After 5% Drop Last Week?

According to the Trefis Machine Learning Engine, which identifies trends in the company’s stock price using ten years of historical data, returns for SolarEdge stock average 5.5% in the next one-month (twenty-one trading days) period after experiencing a 4.8% drop over the previous week (five tra...

Down 10% Last Week, SolarEdge Technologies Stock Poised For Bounce Back

The stock price of ​SolarEdge Technologies reached its 52-week high of $377 in January 2021, and has since dropped from that level. Further, the stock fell 10% in the past week, to levels of around $262 currently. SolarEdge reported Q2 2021 earnings earlier this month, with revenue coming in at...

Thinking about trading options or stock in Solaredge Technologies, ZoomInfo Technologies, DXC Technology, Pfizer, or Alibaba?

NEW YORK, Aug. 3, 2021 /PRNewswire/ -- nvestorsObserver issues critical PriceWatch Alerts for SEDG, ZI, DXC, PFE, and BABA. 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 shares surge after quarterly earnings top estimates

The residential solar power company’s shares gained on Tuesday morning following strong quarterly results.

Thinking about trading options or stock in Moderna, Virgin Galactic, Silvergate Capital, Apple, or Solaredge Technologies?

NEW YORK, May 21, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for MRNA, SPCE, SI, AAPL, and SEDG. 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...

Goldman upgrades SolarEdge to a buy, sees more than 20% upside ahead

Goldman Sachs is getting bullish on SolarEdge, upgrading the stock to a buy rating following recent weakness.
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SolarEdge Blogs

Radio Flyer’s Chicago headquarters now powered by 606 kW of rooftop solar.

Radio Flyer’s Chicago headquarters now powered by 606 kW of rooftop solar. yanai.g Wed, 09/22/2021 - 10:15 Tue, 09/21/2021 - 12:00 Read More 2021 Radio Flyer’s Chicago headquarters now powered by 606 kW …

Field Service Engineer- Ahmedabad, Gujarat

Field Service Engineer- Ahmedabad, Gujarat yanai.g Sun, 09/19/2021 - 09:49 What will you be doing? Regional resource for issues resolution over the phone with qualified personnel when on site Train, assist and supporting system troubleshooting and details with SolarEdge products at…

Technical Support Engineer- Bangalore

Technical Support Engineer- Bangalore yanai.g Sun, 09/19/2021 - 09:43 What will you be doing? Answer inbound calls cases, chats and e-mails from customers and contractors in the following queues: Onsite/Offsite Optimizer Troubleshooting Onsite/Offsite Inverter Troubleshooting Ons…

Smart Home and Building Automation

Smart Home and Building Automation tal.s Mon, 09/13/2021 - 13:07 Fri, 09/10/2021 - 12:00 Read More 2021 Buildings are an integral part of our lives. They do not just board and shelter us, they are an expr…

How mySolarEdge Helps System Owners Achieve Their Energy Goals

How mySolarEdge Helps System Owners Achieve Their Energy Goals For homeowners, knowing how much solar energy their PV system is producing can be confusing. That’s why we developed mySolarEdge, the easy to use app that acts as the eyes and ears of the SolarEdge PV system. mySolarEdge  a…

Case Study Kia & Hyundai Dealerships, Melbourne, Australia

Case Study Kia & Hyundai Dealerships, Melbourne, Australia omer.b Mon, 08/30/2021 - 08:21 Bright Source https://www.solaredge.com/sites/default/files/case-study-kia-and-hyundai-dealer… Rooftop Australia 1 …
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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 Iwan Groothuis.

  • 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.