Welcome to our dedicated page for Solaredge Technologies news (Ticker: SEDG), a resource for investors and traders seeking the latest updates and insights on Solaredge Technologies stock.
SolarEdge Technologies, Inc. (NASDAQ: SEDG) is frequently in the news as a global smart energy technology company focused on DC-optimized inverter systems, PV, storage, EV charging, batteries, and grid services. News coverage for SEDG often highlights product milestones, strategic collaborations, financial results, and developments across residential, commercial, industrial, and small utility-scale solar markets.
Recent announcements include the launch and early adoption of the CSS-OD Commercial Storage System in Germany, where SolarEdge reports strong demand from PV installers adding storage to existing commercial and industrial solar installations. The company also issues news on Virtual Power Plant (VPP) milestones, such as surpassing 500 MWh of residential battery storage enrolled in VPP programs across multiple U.S. states, Canada, and Puerto Rico, as well as participation in grid services programs in Europe and Australia.
Investors and observers can expect SolarEdge news to cover earnings releases and financial updates, including quarterly results and guidance, along with partnerships and agreements with utilities, DERMS providers, and commercial developers. Announcements have detailed collaborations for American-manufactured solar technology on commercial rooftops, strategic partnerships for EV charging infrastructure at industrial sites, and joint development of Solid-State Transformer technology for AI and hyperscale data centers.
This SEDG news page on Stock Titan aggregates these types of updates, offering a single view into SolarEdge’s reported progress in smart energy, manufacturing strategy, grid services, and data-center power infrastructure. Users interested in SolarEdge stock, its smart energy portfolio, or its role in PV, storage, EV charging, and VPP programs can monitor this feed for new press releases and material company communications.
Ampt LLC has filed a complaint with the U.S. International Trade Commission against SolarEdge Technologies (NASDAQ: SEDG), seeking to ban the import of its infringing products. The complaint alleges that SolarEdge unlawfully uses Ampt's patented optimizer technology. Concurrently, Ampt has initiated a similar action in the U.S. District Court in Delaware for substantial monetary damages. The ITC action requests an exclusion order against SolarEdge's infringing systems and components, which include power optimizers and inverters.
SolarEdge Technologies (NASDAQ: SEDG) will announce its Q2 2022 financial results on August 2, 2022, after the market closes. A conference call is scheduled for 4:30 P.M. ET on the same day to discuss the results. Interested parties can access the live call by dialing the provided phone numbers or via a webcast available on SolarEdge’s Investor Relations website. A recording will be accessible for about 30 days post-call.
SolarEdge Technologies has announced the opening of its new battery cell manufacturing facility, Sella 2, in
SolarEdge Technologies (NASDAQ: SEDG) has entered into a global patent license agreement with Huawei Technologies. This agreement includes a cross-license covering patents for both companies' products and resolves all pending patent litigation in Germany and China. Specific terms remain confidential, but this settlement signifies a positive step by eliminating legal disputes.
SolarEdge Technologies (NASDAQ: SEDG) has announced the launch of SolarEdge Home, a comprehensive portfolio of home energy management products, at Intersolar 2022 in Munich. This innovative solution enables homeowners to optimize solar energy production, usage, and storage via a smart operating system and various hardware components. The system is designed to enhance energy independence and reduce grid dependency while facilitating easier installation for service providers.
SolarEdge Technologies reported record revenues of $655.1 million for Q1 2022, representing a 62% year-over-year growth. The solar segment contributed $608.0 million to the revenues. GAAP net income was $33.1 million, down 19% from the previous quarter. Non-GAAP net income increased 10% to $68.8 million. However, gross margins declined significantly; GAAP gross margin fell to 27.3%.
Looking ahead, the outlook for Q2 2022 projects revenues between $710 million and $740 million.
SolarEdge Technologies, Inc. (NASDAQ: SEDG) has appointed Mr. Dirk Carsten Hoke to its board of directors. Hoke brings over 25 years of experience, including his role as CEO of Airbus Defence and Space. His diverse background spans various industries, enhancing the board's expertise. The appointment aligns with SolarEdge's goal of fostering innovative perspectives within its leadership. Chairman Nadav Zafrir expressed confidence in Hoke's potential contributions, while the Nominating Committee emphasized the importance of diverse skill sets in driving the company's strategic direction.
SolarEdge Technologies (NASDAQ: SEDG) will release its Q1 2022 financial results on May 2, 2022, after market close. Following this, management will hold a conference call at 4:30 P.M. ET to discuss the results. Interested parties can join the call via toll-free numbers or a live webcast available in the Investor Relations section of SolarEdge's website. A replay will also be accessible for 30 days after the call. SolarEdge is a leader in smart energy technology, focusing on innovative solutions for PV systems and energy markets.
SolarEdge Technologies announced the successful closing of its public offering of 2,300,000 shares at $295.00 per share, generating total gross proceeds of $678.5 million. This includes 300,000 shares sold due to underwriters' additional purchase option. The net proceeds will support general corporate purposes, potentially including acquisitions, although no specific deals are in place currently. The offering was executed under an effective shelf registration with the SEC, ensuring compliance with all necessary regulations.
SolarEdge Technologies (NASDAQ: SEDG) will host its 2022 Investor/Analyst Day on March 29, 2022, starting at 9:15 AM ET. The event aims to share insights on the company's strategy, global market trends, product and technology roadmap, as well as financial plans. The live webcast will be accessible via the Investor Relations section of SolarEdge's website and will conclude around 3:30 PM ET. A replay will be available about two hours post-event for 30 days.
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