Welcome to our dedicated page for SolarEdge Technologies news (Ticker: SEDG), a resource for investors and traders seeking the latest updates and insights on SolarEdge Technologies stock.
SolarEdge Technologies, Inc. (symbol: SEDG) is a leading global provider of distributed power harvesting and monitoring systems designed to optimize the energy output of solar photovoltaic (PV) installations. The company's innovative solutions include power optimizers, inverters, and a cloud-based monitoring platform that serves a wide array of market segments, including residential, commercial, and small utility-scale solar installations.
Established to address the need for more efficient and cost-effective solar energy systems, SolarEdge's technologies enable module-level monitoring, enhanced maintenance, and flexible design options. These benefits translate into faster installations, improved safety, theft prevention, and ultimately, lower costs for PV energy production. The company sells its products through multiple channels, including direct sales to solar installers and engineering, procurement, and construction firms, as well as indirect sales via distributors and electrical equipment wholesalers.
In recent years, SolarEdge has achieved significant milestones and formed numerous partnerships that have bolstered its market position. The company's robust financial condition, underscored by consistent revenue growth and a strong balance sheet, reflects its operational excellence and strategic vision. SolarEdge continues to innovate and expand its product offerings, ensuring it remains at the forefront of the solar energy industry.
Whether you are a residential homeowner, a commercial entity, or involved in small utility-scale installations, SolarEdge provides a comprehensive solution to maximize the value and efficiency of your solar PV system. The company's commitment to developing cutting-edge technology and maintaining high standards of customer service makes it a preferred choice for solar energy solutions worldwide.
SolarEdge Technologies reported Q1 2021 revenues of $405.5 million, reflecting a 13% increase from Q4 2020 but a 6% decrease year-over-year. Solar product sales contributed $376.4 million, a 15% rise sequentially and 8% decline from last year. GAAP net income reached $30.1 million with a GAAP EPS of $0.55, while non-GAAP figures were $55.5 million and $0.98 respectively. The company expects Q2 2021 revenues between $445 million and $465 million.
SolarEdge Technologies (NASDAQ: SEDG) has announced the appointment of Ms. Betsy Atkins to its board of directors, effective June 1, 2021. This unanimous decision by the board highlights her extensive experience, having served on various public company boards, including Wynn Resorts and SunPower Corporation. Her broad perspective on energy is expected to contribute to SolarEdge's growth as a leader in smart energy solutions. Chairman Nadav Zafrir expressed confidence in her leadership, aligning with the company’s mission of innovation in the energy sector.
SolarEdge Technologies (NASDAQ: SEDG) will report its first quarter 2021 financial results on May 3, 2021, after the market closes. The management will host a conference call at 4:30 P.M. ET the same day to discuss these results.
Investors can participate in the live call by dialing 800-367-2403 (toll-free in the U.S.) or +1 334-777-6978 (international). A live webcast will also be available on SolarEdge's Investor Relations website, with a replay accessible two hours post-call for 30 days.
SolarEdge Technologies (NASDAQ: SEDG) has announced a strategic supply agreement with Sunrun (Nasdaq: RUN), a leading provider of residential solar systems. This agreement allows Sunrun to offer SolarEdge’s next-generation PV inverter, Energy Hub, to residential customers. Both companies aim to promote an electrified future by integrating smart energy devices, battery storage, and EV chargers. CEO Zivi Lando emphasized the importance of this partnership in enhancing home energy management, while Sunrun's CEO, Lynn Jurich, highlighted the potential for more affordable, reliable electricity powered by solar energy.
SolarEdge Technologies reported Q4 2020 revenues of $358.1 million, a 6% increase sequentially but a 14% decrease year-over-year. Solar product revenues reached $327.1 million. GAAP net income was $17.7 million, down 60% from Q3. For the full year, total revenues were $1.46 billion, a 2% increase from 2019, but both GAAP and non-GAAP earnings per share saw declines. Looking ahead, Q1 2021 revenues are projected to be between $385 million and $405 million.
SolarEdge Technologies, Inc. (NASDAQ: SEDG) has been selected to supply full electrical powertrain units and batteries for the Fiat E-Ducato light commercial vehicle. This partnership with Stellantis marks a significant step as they introduce an electric version of the E-Ducato to Europe. SolarEdge's e-Mobility division, established through an acquisition in 2019, aims to expand its offerings beyond solar energy, responding to the growing demand for clean energy and e-mobility solutions. The company focuses on innovative powertrains and software for electric and hybrid vehicles.
SolarEdge Technologies, Inc. (Nasdaq: SEDG) will announce its financial results for Q4 and the full year ended December 31, 2020, after the market closes on February 16, 2021. A conference call to discuss these results is scheduled for the same day at 4:30 P.M. ET. Interested parties can join via a toll-free number for the U.S. and Canada or an international line. A live webcast will also be available on the company’s Investor Relations website, with a replay accessible afterwards for 30 days.
SolarEdge Technologies (NASDAQ: SEDG) announced key appointments to its leadership team, naming Yogev Barak as Chief Marketing Officer and SehWoong Jeong as CEO of its subsidiary, Kokam. Barak brings over 25 years of international marketing experience, previously holding roles at HP and Applied Materials. Jeong, with over two decades at Samsung Electronics, led a significant lithium-ion battery business. CEO Zvi Lando expressed confidence that their expertise will propel growth in the solar market and expand into new segments.
SolarEdge Technologies, Inc. (SEDG) reported its Q3 2020 financial results, showcasing revenues of $338.1 million, a 2% increase from the prior quarter but a 18% decline compared to last year. Solar product revenues totaled $312.5 million, up 1% sequentially but down 19% year-over-year. The company achieved a GAAP net income of $43.8 million and a diluted EPS of $0.83. For Q4 2020, SolarEdge projects revenues between $345 million and $365 million.
SolarEdge Technologies, Inc. (Nasdaq: SEDG) will announce its financial results for Q3 2020 on November 2, 2020, after market close. A conference call will follow at 4:30 PM ET on the same day, allowing stakeholders to discuss financial performance and company updates. The call can be accessed via a toll-free number in the U.S. and Canada at 800-458-4121, or internationally at +1 323-794-2093, using Conference ID 7783916. A live webcast will also be available on the company's Investor Relations website.
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