Solaredge Technologies Inc Stock Price, News & Analysis

SolarEdge Technologies (SEDG) has announced that its U.S.-manufactured solar inverter portfolio has achieved Build America, Buy America (BABA) Act compliance, including its planned Commercial & Industrial (C&I) 480V product line. This certification enables participation in federal infrastructure projects and supports domestic manufacturing in Florida and Texas facilities.

The BABA-compliant portfolio includes:

• 480V and 208V Three Phase Inverters
• Three Phase Inverters with Synergy Technology (C651U and C652U Power Optimizers)
• Single Phase SolarEdge Home Hub inverters and U650 Power Optimizers

This compliance will help developers and EPCs meet federal infrastructure requirements while maintaining system performance, safety, and reliability. The initiative supports the deployment of premium U.S. solar technology across federal infrastructure projects.

SolarEdge Technologies (SEDG) reported Q4 2024 financial results with revenues of $196.2 million, down 17% from the previous quarter. The solar segment contributed $189.0 million, shipping 895 MW of inverters and 130 MWh of batteries. The company recorded a significant asset write-down and impairment of $138 million.

Q4 GAAP net loss was $287.4 million ($5.00 per share), while generating positive free cash flow of $25.5 million. For full-year 2024, total revenues were $901.5 million, compared to $2.98 billion in 2023, with total write-downs and impairments of $1.17 billion.

Looking ahead, Q1 2025 guidance projects revenues between $195-215 million, with Non-GAAP gross margin expected at 6-10%. The company expects to maintain positive free cash flow throughout 2025.

SolarEdge Technologies (Nasdaq: SEDG) has scheduled its fourth quarter and full year 2024 financial results announcement for Wednesday, February 19, 2025, before market open. The company will host a conference call at 8:00 A.M. ET on the same day to discuss the results.

Interested parties can join the call through toll-free numbers for United States/Canada (+1 800-445-7795) or international toll (+1 785-424-1699) using Conference ID: SEDG. Participants are advised to dial in 10 minutes before the start time. A live webcast will be available on SolarEdge's Investor Relations website, with a replay accessible for approximately 30 calendar days after the call.

SolarEdge Technologies (NASDAQ: SEDG) and Summit Ridge Energy (SRE) have announced a partnership for the supply of domestically-manufactured inverters and Power Optimizers from Tampa, Florida. The collaboration is part of SolarEdge's domestic manufacturing initiative, which has created approximately 1,750 new jobs in Tampa, Florida, and Austin, Texas.

SRE plans to standardize its rooftop solar installations with SolarEdge inverter solutions for commercial solar projects, estimated to exceed 100MW. Initial shipments from Florida are expected to begin in April 2025. The partnership leverages clean energy and advanced manufacturing credits to support local manufacturing while promoting U.S. energy independence and security.

SolarEdge Technologies (SEDG) has announced two new appointments to its Board of Directors, effective January 6, 2025. Yoram Tietz, a Senior Advisor to General Atlantic and former Managing Partner of EY Israel, will chair the Board's Audit Committee. Gilad Almogy, Founder and CEO of Ultima Genomics, will join the Board's Technology Committee.

Tietz brings extensive experience from his 27-year tenure at Ernst & Young, including 15+ years as Managing Partner of EY Israel and leadership of its High-Tech Cluster. Almogy, founder of Ultima Genomics and previously Cogenra Solar, brings significant technological expertise with over 80 US Patents and past leadership roles at Applied Materials, where he managed a $1 billion+ revenue business.

SolarEdge Technologies (SEDG) has announced two significant developments: safe harbor agreements with major US residential solar installers and its second sale of §45X tax credits. The company signed agreements with Sunrun and another leading residential solar financer to provide US-manufactured inverters, Power Optimizers, and batteries throughout 2025.

These agreements aim to help partners qualify for domestic content bonus tax credits. Additionally, SolarEdge completed its second transaction for §45X Advanced Manufacturing Production Tax Credits, involving credits generated in Q3 2024 from US-manufactured inverters and Power Optimizers, eligible for the 11c/w production credit.

The company views these developments as important milestones in its recovery strategy, expecting them to enhance cash position, strengthen the balance sheet, and promote financial stability.

SolarEdge Technologies (NASDAQ: SEDG) has announced the shipment of its new SolarEdge Home Battery 'USA Edition', completing its portfolio of domestically manufactured solar and storage products. The battery offers 9.7kWh of storage capacity and features SolarEdge ONE, the company's next-generation energy optimization system.

This product is designed to qualify for the Domestic Content Bonus Credit under U.S. Treasury and IRS guidance. It joins SolarEdge's existing U.S.-made optimized inverters and power optimizers, helping system owners maximize domestic content incentives. The battery's production strengthens SolarEdge's domestic manufacturing infrastructure, particularly beneficial for markets like California under NEM 3.0, supporting both economic benefits and American manufacturing jobs.

SolarEdge Technologies (NASDAQ: SEDG) has launched its first commercial storage system, 'CSS-OD', for the German market. The system integrates with SolarEdge's solar inverter and power optimizer solution, offering 102.4 kWh-rated Battery Cabinet and a 50 KW battery inverter scalable up to 1 MWh per site. The CSS-OD is powered by SolarEdge ONE for C&I, a software-based energy optimization platform that synchronizes site energy production and storage to reduce costs. The system supports multiple optimization modes including self-consumption, peak shaving, and tariff optimization for dynamic pricing and grid participation.

SolarEdge Technologies (NASDAQ: SEDG) announced the closure of its Energy Storage division as part of focusing on core solar activities. The closure will result in approximately 500 employee layoffs, primarily in South Korea. The company expects quarterly operating expense savings of $7.5 million, with full implementation by second half of 2025. SolarEdge plans to sell assets related to storage division, including battery cell and pack manufacturing facilities. The decision won't affect the solar business sale of batteries for residential and commercial markets. The move aims to achieve financial stability through cost reduction and focus on core business lines.