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{{short description|AmericanIsraeli technology company}}
{{Infobox company
| name = SolarEdge Technologies, Inc.
| logo = SolarEdge_logoSolarEdge logo.svg
| image = File:Mittelschule,20140312-6a.jpg
| image_size = 250px
| image_alt = A group of three white SolarEdge inverter groupboxes on the roof of a high school in Austria
| image_caption = SolarEdge inverterinverters groupon the roof of a high school in Austria in 2014
| type = [[Public company|Public]]
| traded_as = {{Unbulleted list|{{NASDAQ|SEDG}}|[[S&P 500600]] component}}
| founded = {{Start date and age|2006}}
| hq_location_city = [[Herzliya]], [[Israel]]<ref>[https://www.sec.gov/ix?doc=/Archives/edgar/data/1419612/000117891320002282/sedg10-q0620.htm SEC FOrm 10-]</ref>
| hq_location_country = Israel
| industry = [[PhotovoltaicsRenewable energy industry|Renewable energy]]
| key_people = Zvi Lando ([[Chief executive officer|CEO]])
| products = PV Power Optimizers, PV Monitoring Portal and Solar Inverters
| products = {{Unbulleted list|[[Solar inverter]]s|[[Power optimizer]]s|[[Energy storage]] batteries|Monitoring systems}}
| key_people = Zvi Lando (CEO) <br />Ronen Faier (CFO)<br />Ilan Yoscovich (CTO)
| revenue = {{Nowrap|{{increase}}{{USD|1.96 billion|link=yes}}}}
| revenue_year = 2021
| operating_income = {{increase}}{{USD|208.49207 million}}
| income_year = 2021
| net_income = {{increase}}{{USD|169.17 million}}
| net_income_year = 2021
| assets = {{unchanged}}{{USD|9641.71 millionbillion}}
| assets_year = 20182021
| equity = {{increase}}{{USD|5621.31 millionbillion}}
| equity_year = 20182021
| num_employees = 35,174 (2020)285
| num_employees_year = 2023
| website = {{URL|solaredge.com}}
| footnotes = Financials {{as of|2021|12|31|df=US|lc=y}}.<br />References:<ref>{{Cite web |date=February 22, 2022 |title=SolarEdge Technologies, Inc. 2021 Annual Report (Form 10-K) |url=https://investors.solaredge.com/static-files/80b8d94d-06b2-4bf3-b059-2e4c4e609af7 |publisher=[[U.S. Securities and Exchange Commission]]}}</ref>
}}
 
'''SolarEdge Technologies, Inc.''' is an Israeli company that developed a DC optimized inverter system.
'''SolarEdge Technologies, Inc.''' is an Israel-headquartered provider of [[power optimizer]], [[solar inverter]] and monitoring systems for [[photovoltaic arrays]]. These products aim to increase energy output through module-level [[MPPT|Maximum Power Point Tracking]] (MPPT).<ref name="frost">{{cite web|url=http://www.frost.com/prod/servlet/press-release.pag?docid=179551655 |title=Frost & Sullivan Picks SolarEdge for Hot Investment Opportunity Award in European Solar Photovoltaic Market |publisher=Frost & Sullivan |date=2009-09-10 |access-date=2009-10-10}}</ref> Established in 2006, the company has offices in the [[United States]],<ref>[http://www.pv-tech.org/news/solaredge_names_former_sma_america_president_john_berdner_as_north_america_ SolarEdge names former SMA America president John Berdner as North America GM]</ref> [[Germany]],<ref>[http://www.newenergyworldnetwork.com/renewable-energy-news/by-technology/solar/germany-to-house-solaredge%E2%80%99s-new-solar-sales-office.html Germany to house SolarEdge's new solar sales office]</ref> [[Italy]], [[Japan]], and [[Israel]]. It is incorporated in [[Delaware]].<ref>https://www.sec.gov/Archives/edgar/data/1419612/000104746915000911/a2223102zs-1.htm</ref>
 
In 2023, SolarEdge is critically noted for losing over 70% of its market value, also being the worst performing stock according to many critics, becoming the most losing stock in the S&P 500 for the year, which resulted in its delisting from the index. <ref>{{cite web |last1=Mustaki |first1=Adiel Eithan |title=SolarEdge slides out of S&P 500 after losing over 70% of value this year |date=3 December 2023 |url=https://www.calcalistech.com/ctechnews/article/rk6ucjysa}}</ref> 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. <ref>{{cite news |url=https://www.investopedia.com/solaredge-technologies-stock-plunges-on-customer-bankruptcy-8668713 |title=SolarEdge Technologies Stock Plunges on Customer Bankruptcy }}</ref> <ref>{{cite news |url=https://www.macrotrends.net/stocks/charts/SEDG/solaredge-technologies/stock-price-history |title=SolarEdge Technologies - 9 Year Stock Price History }}</ref>
 
== History ==
SolarEdge was established in 2006 by Guy Sella, firstLior CEOHandelsman, andYoav ChairmanGalin, LiorMeir Handelsman,Adest VPand ofAmir ProductFishelov. StrategyThe &company Businesswas Development,backed Yoavby Galin[[venture capital]] from [[GE]] Energy Financial Services, VP[[Norwest ofVenture Partners]], [[ResearchLightspeed andVenture development|R&DPartners]], MeirORR AdestPartners, VP[[Genesis ofPartners]], CoreWalden TechnologiesInternational, andVertex AmirVentures FishelovIsrael, ChiefJP Asia Capital and Opus SoftwareCapital ArchitectVentures.
 
The company started mass production of its products by contract manufacturer [[Flex (company)|Flex]] at the end of 2009.
The company is [[venture capital]] backed and investors include [[GE]] Energy Financial Services, [[Norwest Venture Partners]], [[Lightspeed Venture Partners]], ORR Partners, [[Genesis Partners]], Walden International, Vertex Ventures Israel, JP Asia Capital and Opus Capital Ventures.
 
In March 2015, SolarEdge had an [[initial public offering]] 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]] Global Select Market under the ticker symbol “SEDG.” [[Goldman Sachs]] and [[Deutsche Bank]] acted as joint book-running managers for the offering.<ref>[http{{Cite news |last=Richardson |first=Jake |date=March 30, 2015 |title=$126 Million Dollar IPO For SolarEdge |language=en-US |work=Clean Technica |url=https://www.cleantechnica.com/2015/03/30/126-million-dollar-ipo-solaredge/ $126|access-date=June Million26, Dollar IPO For SolarEdge - CleanTechnica]2022}}</ref>▼
At the end of 2009, the company started mass production of its products by electronic manufacturing services provider [[Flextronics International]] Ltd.
 
In May 2015, SolarEdge partnered with [[Tesla Energy]]<ref>{{Cite news |last=Wainer |first=David |date=July 1, 2015 |title=Tesla's Battery Push Is Good News for This Israeli Solar Company |language=en |work=[[Bloomberg News|Bloomberg]] |url=https://www.bloomberg.com/news/articles/2015-07-02/tesla-s-battery-push-is-good-news-for-this-israeli-solar-company |access-date=June 26, 2022}}</ref> to develop an inverter that could charge the [[Tesla Powerwall]] home energy storage battery that was unveiled in April 2015.<ref name="Davide Castelvecchi 2015">{{Cite news |last=Castelvecchi |first=Davide |date=May 4, 2015 |title=Will Tesla's Battery for Homes Change the Energy Market? |work=Scientific American |url=http://www.scientificamerican.com/article/will-tesla-s-battery-for-homes-change-the-energy-market/ |access-date=May 5, 2015}}</ref> The SolarEdge inverter manages both the conversion of energy from solar panels along with charging and discharging of the Powerwall.<ref>{{Cite news |last=Graul |first=Jason |date=October 8, 2015 |title=Tesla Motors and Solaredge Technologies to unveil powerwall at uk show |work=Business Finance News |url=http://www.businessfinancenews.com/24816-tesla-motors-inc-solaredge-technologies-inc-to-unveil-powerwall-at-uk-show/}}</ref> 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 2010, the company shipped an estimated 250,000 power optimizers and 12,000 inverters – amounting to a total generation of 50 megawatts and 70% of the power optimizers market.<ref>[http://www.isuppli.com/Photovoltaics/News/Pages/Energy-Efficiency-Technology-to-Take-Solar-Market-by-Storm.aspx Energy Efficiency Technology to Take Solar Market by Storm]</ref>
 
In October 2018, SolarEdge announced agreements to acquire a major stake in Kokam, a South Korean provider of Lithiumlithium-ion battery cells, batteries and energy storage solutions.<ref>{{citeCite web |date=October 11, 2018 |title=SolarEdge to acquire Kokam |url=http://kokam.com/%EC%BD%94%EC%BA%84-ups-%EC%8B%9C%EC%9E%A5-%EC%88%98%EC%9A%94-%EB%8C%80%EC%9D%91-%EC%9C%84%ED%95%9C-%EA%B3%A0%EB%B0%80%EB%8F%84%C2%B7%EA%B3%A0%EC%B6%9C%EB%A0%A5-%EB%A6%AC%ED%8A%AC%EC%9D%B4%EC%98%A8/ |titleaccess-date=October 15, 2018}}</ref> In January 2019 SolarEdge toannounced acquirethe Kokamacquisition of a majority stake in SMRE<ref>{{Cite news |last=Wenkert |first=Amarelle |date=2018January 7, 2019 |title=SolarEdge Buys Industrial Machinery Firm SMRE as Part of Electric Vehicle Push |work=CTECH – www.calcalistech.com |url=https://www.calcalistech.com/ctech/articles/0,7340,L-10-113753695,00.html |access-date=2018-10-15November 2, 2021}}</ref> – an Italian EV powertrain manufacturer. In 2019 SolarEdge announced the acquisition of Gamatronic, a UPS manufacturer, and established its Critical Power division▼
▲In March 2015, SolarEdge had an [[initial public offering]] 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]] Global Select Market under the ticker symbol “SEDG.” [[Goldman Sachs]] and [[Deutsche Bank]] acted as joint book-running managers for the offering.<ref>[http://www.cleantechnica.com/2015/03/30/126-million-dollar-ipo-solaredge/ $126 Million Dollar IPO For SolarEdge - CleanTechnica]</ref>
[[File:SolarEdge Technologies HQ 2.jpg|thumb|267x267px|SolarEdge HQ in [[Herzliya]]]]
 
In January 2023, SolarEdge announced the acquisition of [[Hark Systems|Hark]] – a European-Based Energy Analytics and IoT Company <ref>{{Cite web |date=2023-01-03 |title=SolarEdge to Acquire Hark Systems, a European-Based Energy Analytics and IoT Company |url=https://finance.yahoo.com/news/solaredge-acquire-hark-systems-european-153000241.html |access-date=2023-09-01 |website=Yahoo Finance |language=en-US}}</ref>
Following a battle with cancer, founder Guy Sella died in 2019. Former Global Sales VP Zvi Lando, was appointed acting CEO.<ref>{{cite web |url=https://www.energy-storage.news/news/solaredge-ceo-guy-sella-dies-after-cancer-battle |title=SolarEdge CEO Guy Sella dies after cancer battle {{!}} Energy Storage News |website=www.energy-storage.news |url-status=dead |archive-url=https://web.archive.org/web/20190827212629/https://www.energy-storage.news/news/solaredge-ceo-guy-sella-dies-after-cancer-battle |archive-date=2019-08-27}} </ref>▼
 
===Tesla SolarEdge Partnership===
In May 2015, SolarEdge partnered with [[Tesla Motors]]<ref>[https://www.bloomberg.com/news/articles/2015-07-02/tesla-s-battery-push-is-good-news-for-this-israeli-solar-company Tesla’s Battery Push Is Good News for This Israeli Solar Company], David Wainer, Bloomberg, July 2, 2015</ref> for the joint development of a photovoltaic (PV) storage and backup power solution for the residential solar market, based on the [[Tesla Powerwall|Powerwall]] home and industrial battery packs that were unveiled in April 2015,<ref name="Davide Castelvecchi 2015">{{cite web |last=Castelvecchi |first=Davide |title=Will Tesla's Battery for Homes Change the Energy Market? |website=Scientific American |date=2015-05-04 |url=http://www.scientificamerican.com/article/will-tesla-s-battery-for-homes-change-the-energy-market/ |access-date=2015-05-05}}</ref> and quickly received orders to a total value of US$800 million.<ref>[https://www.bloomberg.com/news/articles/2015-05-08/tesla-s-battery-grabbed-800-million-in-its-first-week#r=read Tesla's battery grabbed $800 million in its first week], Bloomberg 8 May 2015<!--could not archive--></ref>
 
Using SolarEdge's [[direct current]] (DC) optimized inverter and Tesla's automotive-grade battery technology, the solution requires only a single SolarEdge inverter to manage both PV and storage functions. The system is designed for efficient, outdoor installation and includes remote monitoring and troubleshooting to keep operations and maintenance costs low.<ref>[http://www.businessfinancenews.com/24816-tesla-motors-inc-solaredge-technologies-inc-to-unveil-powerwall-at-uk-show/ Tesla Motors and Solaredge Technologies to unveil powerwall at uk show], Jason Graul, Business Finance News, October 8, 2015</ref>
 
=== Schneider Electric Partnership ===
In October 2020, SolarEdge has partnered with Schneider Electric. This alliance is planned to provide a cohesive electricity environment for installers and device owners, while also accelerating solar installation experience across the region.<ref>{{Cite web|last=Scully|first=Jules|date=23 October 2020|title=SolarEdge and Schneider Electric partner for home energy management solution|url=https://www.pv-tech.org/news/solaredge-and-schneider-electric-partner-for-home-energy-management-solution|access-date=29 October 2020|website=pvtech}}</ref>
 
'''Introduction of Square D Energy Center'''
 
The Square D Energy Center is operated by Schneider Electric's Wiser technology, along with SolarEdge's Energy Hub Inverter with Prism Technology, for home automation and electronic energy storage.<ref>{{Cite web|last=Misbrener|first=Kelsey|date=22 October 2020|title=SolarEdge and Schneider Electric partner on new residential energy management solution|url=https://www.solarpowerworldonline.com/2020/10/solaredge-schneider-electric-smart-home-energy-management-partnership/|access-date=29 October 2020|website=Solar Power World}}</ref>
 
== Technology ==
{{More citations needed section|date=October 2017}}
 
=== Background ===
 
Traditional PV systems are typically characterized by a centralized inverter or string inverter architecture*. In this [[topology]] the inverter performs MPPT for large quantities of solar panels as a whole. Since the [[solar panel]]s are connected in series to form strings, the same current must flow through all the modules, so the solar inverter continuously adjusts the electric current in the system to find the average optimal working point of all the modules.
As a result, potential power may be lost whenever a mismatch exists between modules.[2][3]* Panel mismatch is unavoidable in many cases, due to panel manufacturing tolerance, partial shading,[4] uneven soiling, or uneven tilt angle. In addition, power may also be lost due to slow tracking of dynamic weather conditions caused by moving clouds,[5] and on extremely hot or cold days when the system [[Direct current|DC]] voltage may exceed the inverter's permissible input voltage range*. These factors cause small losses in yearly yields, but they are present. Other drawbacks of traditional PV systems include:
* System design is constrained by the need to match all strings’ length and orientation
* Monitoring visibility and fault detection are limited to the inverter (or in some cases, to the string level)
* High [[Direct current|DC]] voltage is present as long as the sun is up, posing a possible risk of electrocution to installers, maintenance personnel and firefighters*
 
These drawbacks, however, can be mitigated by newer string inverters with advanced electronics and features such as dual, shade-tolerant and improved MPPT.
 
== Acquisitions ==
▲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.<ref>{{cite web|url=http://kokam.com/%EC%BD%94%EC%BA%84-ups-%EC%8B%9C%EC%9E%A5-%EC%88%98%EC%9A%94-%EB%8C%80%EC%9D%91-%EC%9C%84%ED%95%9C-%EA%B3%A0%EB%B0%80%EB%8F%84%C2%B7%EA%B3%A0%EC%B6%9C%EB%A0%A5-%EB%A6%AC%ED%8A%AC%EC%9D%B4%EC%98%A8/ |title=SolarEdge to acquire Kokam |date=2018-10-11 |access-date=2018-10-15}}</ref>
 
In January 2019 SolarEdge announced the acquisition of a majority stake in SMRE<ref>{{Cite web|last=Wenkert|first=Amarelle|date=2019-01-07|title=SolarEdge Buys Industrial Machinery Firm SMRE as Part of Electric Vehicle Push|url=https://www.calcalistech.com/ctech/articles/0,7340,L-3753695,00.html|access-date=2021-11-02|website=CTECH - www.calcalistech.com}}</ref> - an italian EV/Powertrain manufacturer. SMRE has since been renamed to SOLAREDGE e-MOBILITY SpA.<ref>{{Cite web|title=About Us {{!}} SolarEdge {{!}} A World Leader in Smart Energy|url=https://e-mobility.solaredge.com/about-us|access-date=2021-11-02|website=e-mobility.solaredge.com}}</ref>
 
In 2019 SolarEdge announced the acquisition of Gamatronic, a UPS manufacturer, and established its Critical Power division.
 
▲Following a battle with cancer, founder Guy Sella died in 2019. Former Globalvice Salespresident VPof global sales Zvi Lando, was appointed actingas CEO.<ref>{{citeCite webnews |urllast=https://www.energy-storage.news/news/solaredge-ceo-guy-sella-dies-after-cancer-battleMartín |first=José Rojo |date=August 27, 2019 |title=SolarEdge CEO Guy Sella dies after cancer battle {{!}} |work=Energy Storage News |websiteurl=https://www.energy-storage.news/news/solaredge-ceo-guy-sella-dies-after-cancer-battle |url-status=dead |archive-url=https://web.archive.org/web/20190827212629/https://www.energy-storage.news/news/solaredge-ceo-guy-sella-dies-after-cancer-battle |archive-date=2019-08-August 27, 2019}} </ref>
 
== See also ==
 
* [[Solar inverter]]
* [[Photovoltaic system]]
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== External links ==
* {{officialOfficial website|https://www.solaredge.com}}
{{Finance links
| name = SolarEdge Technologies, Inc.
| symbol = SEDG
| reuters = SEDG.O
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| sec_cik = 1419612
| yahoo = SEDG
| google = SEDG:NASDAQ
| nasdaq = SEDG
}}
{{Solar power in the United States|state=collapsed}}
{{Portal bar|Companies|Renewable Energy}}
 
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{{DEFAULTSORT:Solaredge}}
[[Category:Photovoltaic inverter manufacturers]]
[[Category:Companies listed on the Nasdaq]]
[[Category:Information technologyManufacturing companies of the United StatesIsrael]]
[[Category:Solar energy companies of the United StatesIsrael]]
[[Category:2015 initial public offerings]]
[[Category:Companies based in Herzliya]]
[[Category:Israeli brands]]
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