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SolarEdge Technologies, Inc. is an Israeli company that developed a DC optimized inverter system.
In 2023, SolarEdge became the most losing stock in the S&P 500 for the year, which resulted in its delisting from the index. On June 25th 2024, SolarEdge plunged nearly 15% in early morning trading to $28.41, down from an all-time-high of $368.33 on November 15, 2021.
In January 2023, SolarEdge announced the acquisition of Hark – a European-Based Energy Analytics and IoT Company
Following a battle with cancer, founder Guy Sella died in 2019. Former vice president of global sales Zvi Lando, was appointed as CEO.
In November 2024, SolarEdge announced that it was closing its Energy Storage division impacting approximately 500 employees most of whom are located in South Korea
In December 2024, Shuki Nir appointed as the new CEO, replacing interim CEO, Ronen Faier
History
SolarEdge was established in 2006 by Guy Sella, Lior Handelsman, Yoav Galin, Meir Adest and Amir Fishelov. The company was backed byventure capital
Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in ...
from GE Energy Financial Services, Norwest Venture Partners
Norwest Venture Partners (Norwest) is an American venture and growth equity investment firm. The firm targets early to late-stage venture and growth equity investments across several sectors, including cloud computing and information technology, ...
, Lightspeed Venture Partners, ORR Partners, Genesis Partners, Walden International, Vertex Ventures Israel, JP Asia Capital and Opus Capital Ventures.
The company started mass production of its products by contract manufacturer Flex at the end of 2009.
In March 2015, SolarEdge had an initial public offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...
of 7,000,000 shares of its common stock at a price to the public of $18.00 per share, raising $126 million. The shares began trading on the NASDAQ
The Nasdaq Stock Market (; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list ...
Global Select Market under the ticker symbol “SEDG.” Goldman Sachs
The Goldman Sachs Group, Inc. ( ) is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many internationa ...
and Deutsche Bank
Deutsche Bank AG (, ) is a Germany, German multinational Investment banking, investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange.
...
acted as joint book-running managers for the offering.
In May 2015, SolarEdge partnered with Tesla Energy to develop an inverter that could charge the Tesla Powerwall home energy storage battery that was unveiled in April 2015. The SolarEdge inverter manages both the conversion of energy from solar panels along with charging and discharging of the Powerwall. Over time, Tesla phased out its partnership with SolarEdge, with Tesla adding an inverter to its Powerwall 2 that was introduced in October 2016, and introducing its own solar inverter in January 2021
In October 2018, SolarEdge announced agreements to acquire a major stake in Kokam, a South Korean provider of lithium-ion battery cells, batteries and energy storage solutions. In January 2019 SolarEdge announced the acquisition of a majority stake in SMRE – an Italian EV powertrain manufacturer. In 2019 SolarEdge announced the acquisition of Gamatronic, a UPS manufacturer, and established its Critical Power division
In January 2023, SolarEdge announced the acquisition of Hark – a European-Based Energy Analytics and IoT Company
Following a battle with cancer, founder Guy Sella died in 2019. Former vice president of global sales Zvi Lando, was appointed as CEO.
In November 2024, SolarEdge announced that it was closing its Energy Storage division impacting approximately 500 employees most of whom are located in South Korea
In December 2024, Shuki Nir appointed as the new CEO, replacing interim CEO, Ronen Faier
See also
* Solar inverter *Photovoltaic system
A photovoltaic system, also called a PV system or solar power system, is an electric power system designed to supply usable solar power by means of photovoltaics. It consists of an arrangement of several components, including solar panels to abso ...
* Photovoltaics
Photovoltaics (PV) is the conversion of light into electricity using semiconducting materials that exhibit the photovoltaic effect, a phenomenon studied in physics, photochemistry, and electrochemistry. The photovoltaic effect is commerciall ...
* List of photovoltaics companies
* Solar energy
Solar energy is the radiant energy from the Sun's sunlight, light and heat, which can be harnessed using a range of technologies such as solar electricity, solar thermal energy (including solar water heating) and solar architecture. It is a ...
References
External links
* {{authority control Photovoltaic inverter manufacturers Companies listed on the Nasdaq Manufacturing companies of Israel Solar energy companies of Israel 2015 initial public offerings Companies based in Herzliya Israeli brands