SolarEdge posts strong revenue increase, slight drop in net profit
The Israeli inverter manufacturer saw its net profit decline 4% year-on-year to $33.1 million in the second quarter, despite shipping 1.3 GW and seeing a 43% increase in turnover. Gross margins were affected by the increase in U.S. tariffs on China made products.
Solar industry counts seven human rights allegations
The Business & Human Rights Resource Centre has published a report looking at the human rights due diligence performance of the renewables industry and examined individual generation methods. The report finds that, while the solar sector is not top of the sad list, its vest also isn’t completely unstained.
Interview: Solaredge’s Handelsman says integration is critical
At the Smarter E Europe trade show in Munich, pv magazine caught up with Lior Handelsman, VP for marketing and product strategy and founder of Solaredge. The Israeli company made headlines as it went on an acquisition spree in the last year to leverage its position in the storage and EV charging business.
SolarEdge just keeps growing
The Israeli power electronics maker’s revenues and shipments keep rising as it absorbs more companies, but the pending increase in Section 301 tariffs leaves some clouds in the future.
Bullish SolarEdge posts $100 million rise in gross profits and predicts strong start to 2019
Unimpressed by last year’s China policy-related shenanigans, the inverter maker continued to grow at a rapid pace as it acquired storage, uninterruptable power supply (UPS) and e-mobility related businesses. Its full-year results place SolarEdge in a good position going into a more promising year, with solar installations expected to hit double-digit growth figures in many markets and reach 120 GW globally.
Inverter maker SolarEdge to acquire Italian EV company
Israeli company will offer $77m – made of up cash and shares – for a controlling stake in electric vehicle power train manufacturer SMRE with the aim of then making the Italian company a wholly-owned subsidiary as the Italian government plans a big EV push.
Israel lauded for ditching coal – for gas
The Middle Eastern state has been praised for joining the global anti coal movement, but its plan to switch to natural gas is more a victory for pragmatism than the environmental or renewables cause.
SolarEdge’s latest quarterly results show robust growth
The inverter maker took number one spot in the US from SMA this year, and acquired majority stakes and IP in uninterrupted power supply company Gamatronic and storage system provider Kokam. While other companies have consolidated, SolarEdge managed to report robust results.
EDF commissions 101 MW of PV in Israel
EDF Renewables has commissioned five PV plants in Israel totaling 101 MW, thus bringing its total solar capacity in the country to nearly 300 MW.
Solaredge charges into storage market, acquiring Kokam
The inverter maker will buy 75% of Kokam’s shares for $88 million, with an intent to acquire the remainder shortly after, on the open market. Strategic company acquisitions and close partnerships are characterizing this year’s inverter market, as companies seek to diversify and integrate storage systems and other technologies.
