In Short : SolarEdge Technologies has launched a new R\&D and technology hub in Bengaluru to support India’s growing solar sector. The center will drive innovation in solar energy solutions and strengthen local technical capabilities. SolarEdge aims to hire 200 professionals by 2027, reinforcing its commitment to advancing clean energy and expanding its footprint in […]
Ampt Brings Patent Infringement Lawsuits Against SolarEdge to Protect Optimizer Technology – EQ Mag Pro
Complaint with U.S. International Trade Commission Seeks to Ban Import of Infringing SolarEdge Products Similar Infringement Action in U.S. District Court Seeks Injunction and Substantial Monetary Damages FORT COLLINS, Colo : Ampt LLC, the world’s leading provider of power optimizers for large-scale photovoltaic (“PV”) systems, today filed a complaint with the U.S. International Trade Commission […]
SolarEdge Opens 2GWh New Battery Cell Facility in South Korea to Meet Growing Demand for Battery Storage – EQ Mag Pro
MILPITAS, Calif. and Pangyo, Korea : SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, and SolarEdge’s subsidiary, Kokam Limited Company, a provider of lithium-ion batteries and integrated energy storage solutions, announced today the opening of “Sella 2”, a two gigawatt-hour (GWh) battery cell manufacturing facility. Located in the Eumseong Innovation […]
SolarEdge Announces First Quarter 2022 Financial Results – EQ Mag Pro
MILPITAS, Calif. : SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology, today announced its financial results for the first quarter ended March 31, 2022. First Quarter 2022 Highlights Record revenues of $655.1 million Record revenues from solar segment of $608.0 million GAAP gross margin of 27.3% Non-GAAP gross margin of 28.4% […]
SolarEdge Announces Third Quarter 2021 Financial Results – EQ Mag Pro
MILPITAS, Calif. : SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology, today announced its financial results for the third quarter ended September 30, 2021. Third Quarter 2021 Highlights Record revenues of $526.4 million Record revenues from solar segment of $476.8 million GAAP gross margin of 32.8% Non-GAAP gross margin of 34.0% Gross margin […]
SolarEdge Announces Second Quarter 2021 Financial Results
MILPITAS, Calif : SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology, today announced its financial results for the second quarter ended June 30, 2021. Second Quarter 2021 Highlights Revenues of $480.1 million Revenues from solar segment of $431.5 million GAAP gross margin of 32.5% Non-GAAP gross margin of 33.9% Gross margin […]
SolarEdge Technologies Stock is a Secular Solar Tailwinds Benefactor
Solar energy inverter systems solutions provider SolarEdge Technologies (NASDAQ: SEDG) stock had a volatile 2021 as shares fell (-30%) off its $377 highs made in January 2021. The Company makes smart inverters for photovoltaic (PV) systems for residential and commercial buildings, electric vehicle (EV) charging complete with a mobile smart app to monitor every aspect […]
Huawei wins against SolarEdge over its patent infringement case in the first instance
On August 7, 2020, the Guangzhou Intellectual Property Court made a ruling that SolarEdge has infringed Huawei’s patent on its inverter products manufactured and exported from its Chinese foundry Jabil Circuit (Guangzhou) Limited along with its two subsidiaries in China. The court ordered SolarEdge to immediately stop the infringing activities, and compensate Huawei for 10 […]
SolarEdge, Enphase Hit by Sharp Slowdown in Solar Installations During Pandemic’s Depths
Orders are rising again in the U.S. solar market, but “the rate of that recovery is questionable,” says SolarEdge CEO Zvi Lando. Residential solar inverter rivals SolarEdge and Enphase faced the same headwinds from the COVID-19 pandemic in the second quarter, with both companies reporting a downturn in Q2 revenue. However, both companies also laid out […]
SolarEdge Announces Third Quarter 2019 Financial Results
Revenues surpass $1 billion in first three quarters of 2019 FREMONT, Calif.: SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy, today announced its financial results for the third quarter ended September 30, 2019. Third Quarter 2019 Highlights Record revenues of $410.6 million Record revenues from solar products of $387.8 million GAAP gross […]