SolarEdge Technologies is a leading provider of photovoltaic inverter solutions, which optimize the energy output of solar panels. The company focuses on enhancing the efficiency of solar energy systems by enabling better performance monitoring and control. In addition to inverters, SolarEdge also offers innovative technology and services that include energy storage solutions and electric vehicle charging systems, contributing to the seamless integration of renewable energy sources into homes and businesses. With a commitment to sustainability, SolarEdge plays a key role in advancing the adoption of solar energy worldwide.
SolarEdge Technologies Inc. (NASDAQ: SEDG), a global leader in smart energy technology, today announced it is now shipping the new SolarEdge Home Battery 'USA Edition', completing its comprehensive portfolio of domestically manufactured solar and storage products designed to qualify for the Domestic Content Bonus Credit as currently guided by the U.S. Department of Treasury and the Internal Revenue Service.i
SolarEdge Technologies, Inc. (“SolarEdge” or the “Company”) (Nasdaq: SEDG), a global leader in smart energy technology, today announced the appointment of Mr. Shuki Nir as the Company’s new Chief Executive Officer (CEO), effective immediately. Mr. Nir, who has served as SolarEdge’s CMO since June 2024, will succeed Mr. Ronen Faier, who has served as the Company’s Interim CEO since August 2024. Mr. Faier will stay on with the Company as an advisor during a transition period to ensure a seamless leadership transition. Mr. Nir is also replacing Mr. Zvi Lando as a member of the Board of Directors.
SolarEdge Technologies Inc. ("SolarEdge") (NASDAQ: SEDG), a global leader in smart energy technology, announces that its first commercial storage system for the German market is now available for order. Coupled with SolarEdge’s solar inverter and power optimizer solution, the new ‘CSS-OD’ battery offers commercial businesses a tightly integrated, high-efficiency solar and storage solution to maximize the economics of solar self-consumption.
SolarEdge Technologies, Inc. (NASDAQ:SEDG) shares are trading higher. The company announced plans to cease all activities of its energy storage division and reduce its workforce by about 500 employees. Here's what you need to know.
SolarEdge Technologies, Inc. (“SolarEdge” or the “Company”) (NASDAQ: SEDG), a global leader in smart energy technology, announced today that as part of its focus on its core solar activities, it will cease all activities of its Energy Storage division. This decision will result in a workforce reduction of approximately 500 employees, most of whom are in South Korea. The expected quarterly operating expenses savings due to the closure are approximately $7.5 million with the full run rate expected to be achieved by the second half of 2025. The Company intends to sell the assets related to the storage division activities including its manufacturing facilities for battery cells and packs. This does not impact the solar business sale of batteries for residential and C&I markets.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at renewable energy stocks, starting with First Solar (NASDAQ:FSLR).
Enphase Energy Inc. revealed that its Solargraf software comes with a new artificial intelligence-powered do-it-yourself permitting feature for its customers in the US. Given the benefits of this new feature, is now the time to consider the stock?
U.S. election results and inflation concerns pressure renewable energy stocks. Morgan Stanley downgrades key clean tech players while backing GE Vernova and First Solar.
Shares of solar power systems company SolarEdge (NASDAQ:SEDG)
fell 22.3% in the morning session after the company reported underwhelming third-quarter earnings. Its revenue guidance for the next quarter missed, and its revenue fell short of Wall Street's estimates. Notably, the company wrote down $612 million in inventory, reflecting lowered demand, particularly in Europe. As a result, SolarEdge implemented price cuts and promotional discounts to compete in this market, which is likely to result in a shortfall in its margins. Lastly, the company called out seasonal weakness heading into the winter. Overall, this was a challenging quarter for the business, with little reasons for investors to stay positive.
