Sector: Energy | Industry: Renewable Energy Equipment & Services |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 1 HaMada St., POB 12001 HERZLIYA 4672505 |
Tel: | 1-617-5426180 |
Website: | https://www.solaredge.com |
IR: | See website |
Key People | ||
Zvi Lando Chief Executive Officer, Director | Ronen Faier Chief Financial Officer | Uri Bechor Chief Operating Officer |
Yogev Barak Chief Marketing Officer | Rachel Carlysle Prishkolnik Vice President, General Counsel, Corporate Secretary | Shuli Shaharabni Ishai Vice President of Global Human Resources |
Liron Har Shai Vice President - Research & Development | Meir Adest Chief Product Officer |
Business Overview |
SolarEdge Technologies, Inc. offers an inverter solution for a solar photovoltaic (PV) system. The Company's products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. Its product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management. The Company's power optimizers provide module-level maximum power point (MPP) tracking and real-time adjustments of current and voltage to the optimal working point of each individual PV module. The Company's solution consists of a direct current (DC) power optimizer, an inverter and a cloud-based monitoring platform that operates as a single integrated system. |
Financial Overview |
For the three months ended 31 March 2024, Solaredge Technologies Inc revenues decreased 78% to $204.4M. Net loss totaled $157.3M vs. income of $138.4M. Revenues reflect Solar segment decrease of 79% to $190.1M, All other segment decrease of 90% to $3.4M. Net loss reflects Solar segment loss totaling $110.4M vs. income of $206.7M, Revenues from finance component segment loss increase of 29% to $51.2M. |
Employees: | 5,633 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $2,826M as of Mar 31, 2024 |
Annual revenue (TTM): | $2,237M as of Mar 31, 2024 |
EBITDA (TTM): | -$99.96M as of Mar 31, 2024 |
Net annual income (TTM): | -$261.36M as of Mar 31, 2024 |
Free cash flow (TTM): | -$574.19M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 57,299,404 as of May 1, 2024 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |