SolarEdge: Difference between revisions

Browse history interactively

← Previous edit

Content deleted Content added

VisualWikitext

Revision as of 09:37, 3 July 2023 edit 77.137.181.250 (talk) No edit summary ← Previous edit		Latest revision as of 14:57, 13 November 2024 edit undo Edward Bednar (talk \| contribs) Extended confirmed users 23,351 edits m MOS:HYPHEN, MOS:DASH Tag: Visual edit
(35 intermediate revisions by 22 users not shown)
Line 5: \| image = File:Mittelschule,20140312-6a.jpg \| image_size = 250px \| image_alt = A group of three white SolarEdge inverter boxes on the roof of a high school in Austria \| image_caption = SolarEdge inverters on the roof of a high school in Austria in 2014 \| type = [[Public company\|Public]] \| traded_as = {{Unbulleted list\|{{NASDAQ\|SEDG}}\|[[S&P ~~500~~600]] component}} \| founded = {{Start date and age\|2006}} \| hq_location_city = [[Herzliya]] \| hq_location_country = [[Israel]] \| industry = [[Renewable energy industry\|Renewable energy]] \| key_people = Zvi Lando ([[Chief executive officer\|CEO]]) \| products = {{Unbulleted list\|[[Solar inverter]]s\|[[Power optimizer]]s\|[[Energy storage]] batteries\|Monitoring systems}} \| revenue = {{Nowrap\|{{increase}}{{USD\|1.96 billion\|link=yes}}}} Line 31: }} '''SolarEdge Technologies, Inc.''' is an Israeli company that developed a DC optimized inverter system. Established in 2006, '''SolarEdge''' developed the DC optimized inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge intelligent inverter solution maximizes power generation while lowering the cost of energy produced by the PV system, for improved RoI. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its diversified product offering, including residential, commercial and large scale solar PV, energy storage and backup solutions, EV charging, home energy management, grid services and virtual power plants. The company was the first to successfully commercialize [[Power Optimizer]]s, a device that offers module-level [[maximum power point tracking]] (MPPT), before feeding back the electricity generated into an inverter. 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 == Line 42 ⟶ 44: 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 October 2018, SolarEdge announced agreements to acquire a major stake in Kokam, a South Korean provider of ~~Lithium~~lithium-ion battery cells, batteries and energy storage solutions.<ref>{{Cite 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/ \|access-date=October 15, 2018}}</ref> In January 2019 SolarEdge announced the acquisition of a majority stake in SMRE<ref>{{Cite news \|last=Wenkert \|first=Amarelle \|date=January 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-3753695,00.html \|access-date=November 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 [[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 vice president of global sales Zvi Lando, was appointed as CEO.<ref>{{Cite news \|last=Martín \|first=José Rojo \|date=August 27, 2019 \|title=SolarEdge CEO Guy Sella dies after cancer battle \|work=Energy Storage News \|url=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=August 27, 2019}}</ref> ~~== Technology ==~~ Many solar photovoltaic systems use a central inverter, where the panels are connected together in a series creating a string, which delivers all the [[direct current]] (DC) power produced into the inverter for conversion into grid-compatible [[alternating current]] (AC). The major drawback to this approach is that [[maximum power point tracking]] (MPPT) is performed for the entire string, therefore production is limited by the output of the lowest-performing panel. Performance can be impacted by shading and weather conditions. SolarEdge addresses this problem with [[power optimizer]]s, small devices placed behind each individual solar panel that offers module-level MPPT, before feeding the energy to a central inverter. Power optimizers also allow panel-level monitoring of energy production, instead of total or string level data provided by traditional central inverters. == See also == Line 62 ⟶ 61: == External links == * {{~~official~~Official website\|https://www.solaredge.com/}} {{Finance links \| name = SolarEdge Technologies, Inc. \| symbol = SEDG \| reuters = SEDG.O Line 70 ⟶ 69: \| sec_cik = 1419612 \| yahoo = SEDG \| google = SEDG:NASDAQ ~~\| nasdaq = SEDG~~ }} {{Solar power in the United States\|state=collapsed}} Line 80 ⟶ 78: [[Category:Photovoltaic inverter manufacturers]] [[Category:Companies listed on the Nasdaq]] [[Category:~~Information technology~~Manufacturing companies of ~~the United States~~Israel]] [[Category:Solar energy companies of ~~the United States~~Israel]] [[Category:2015 initial public offerings]] [[Category:Companies based in Herzliya]] [[Category:Israeli brands]]