{"id":25548,"date":"2018-11-05T05:21:24","date_gmt":"2018-11-04T18:51:24","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=25548"},"modified":"2018-11-05T05:21:24","modified_gmt":"2018-11-04T18:51:24","slug":"solaredge-q3-results-mb0810","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/solaredge-q3-results-mb0810\/","title":{"rendered":"SolarEdge Ships 3 Million Optimizers In Q3"},"content":{"rendered":"

\"SolarEdge<\/p>\n

Israel-based SolarEdge has reported record revenue for the third quarter, racking up USD $236.6 million – up significantly year-over-year.<\/p>\n

SolarEdge’s third quarter 2018 earnings summary state the result was up 4% from $227.1 million in Q2 and up 42% from $166.6 million year over year.<\/p>\n

The company shipped 3 million of its power optimizers during the period (up nearly 1 million on Q3 2017), and 122,000 solar inverters – 1,083 megawatts capacity and up 32,000 units on Q3 2017.<\/p>\n

\"SolarEdge<\/p>\n

A power optimizer is a form of panel-level optimisation<\/a> (PLO).\u00a0 The device is a DC\/DC converter connected to each solar panel that increases energy output by continually tracking the maximum power point (MPPT) of the module, plus enables panel level-monitoring.\u00a0The SolarEdge Power Optimizer also features a safety mechanism whereby panel output is shut down in the scenario of a system’s inverter or grid power failing.<\/p>\n

To date, the company has shipped 30.9 million of its power optimizers and 1.3 million SolarEdge inverters<\/a>.<\/p>\n

During Q3, SolarEdge also finalised the acquisition of Gamatronic Electronic Industries<\/a>. Established in 1970, Gamatronic manufactures Uninterruptible Power Supply (UPS) systems, power supplies for telecommunications, control and management systems. Late last month, SolarEdge announced the appointment of Itai Rosenfeld, who spent 20 years with semiconductor chip-maker Applied Materials, as the General Manager of its UPS division.<\/p>\n

As for the current quarter, SolarEdge forecast revenues to be within the range of USD $245 million to $255 million, and GAAP gross margins are expected to be within the range of 30% to 32%.<\/p>\n

SolarEdge Batteries On The Horizon<\/h2>\n

It may not be long before we see SolarEdge-branded batteries on the market.<\/p>\n

“In the first weeks of October, we also signed and closed the Kokam acquisition which will expand our smart energy offerings, adding proven battery storage options to our product portfolio,” said<\/a> Guy Sella, Founder, Chairman and CEO of SolarEdge when commenting on the company’s Q3 results and more recent activities.<\/p>\n

South Korea based battery manufacturer Kokam produces energy storage solutions for the utility scale ESS, UPS, electric vehicle (EV), aerospace, marine, home solar battery storage<\/a> and other sectors.<\/p>\n

SolarEdge announced its intentions<\/a> to the market regarding Kokam on October 11 in and finalised the transaction on October 17. It now owns approximately 75% of Kokam Co., Ltd, and intends purchasing remaining outstanding equity shares currently listed on Korea’s OTC (over-the-counter) exchange through open-market purchases and otherwise.<\/p>\n

SolarEdge says the Kokam acquisition will provide access and control to a steady supply chain of batteries to overcome market shortages.<\/p>\n","protected":false},"excerpt":{"rendered":"

Israel-based SolarEdge has reported record revenue for the third quarter, racking up USD $236.6 million – up significantly year-over-year.<\/p>\n","protected":false},"author":17,"featured_media":25550,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-25548","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nSolarEdge Ships 3 Million Optimizers In Q3 - SolarQuotes Blog<\/title>\n<meta name=\"description\" content=\"Israel-based SolarEdge has reported record revenue for the third quarter, racking up USD $236.6 million - 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According to its financial results for the first quarter\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"SolarEdge results Q1 2024","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/05\/solaredge-results.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/05\/solaredge-results.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/05\/solaredge-results.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/05\/solaredge-results.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/05\/solaredge-results.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":88253,"url":"https:\/\/www.solarquotes.com.au\/blog\/solaredge-energy-storage-mb3062\/","url_meta":{"origin":25548,"position":3},"title":"SolarEdge Clarifies Energy Storage Division Exit","author":"Michael Bloch","date":"November 29, 2024","format":false,"excerpt":"An announcement from SolarEdge had some scratching their heads over the future of the firm's involvement in battery storage. Here's what's happening. SolarEdge has announced the company will cease all activities of its Energy Storage Division to focus on its core solar activities. The decision will see approximately 500 employees\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"SolarEdge battery storage","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/11\/solaredge-energy-storage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/11\/solaredge-energy-storage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/11\/solaredge-energy-storage.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/11\/solaredge-energy-storage.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/11\/solaredge-energy-storage.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":91881,"url":"https:\/\/www.solarquotes.com.au\/blog\/solaredge-charger-battery-update-mb3176\/","url_meta":{"origin":25548,"position":4},"title":"SolarEdge Posts Gains, Nexis Battery On Track, Unveils New Charger","author":"Michael Bloch","date":"May 8, 2025","format":false,"excerpt":"Smart energy technology firm SolarEdge has posted improved results for Q1 and says it remains on schedule for release of its next generation inverter and home battery. The company has also taken the wraps off its new ONE EV charger. SolarEdge reported revenues of $219.5 million in Q1 2025, up\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"SolarEdge product family","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/05\/solaredge-q1-report.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/05\/solaredge-q1-report.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/05\/solaredge-q1-report.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/05\/solaredge-q1-report.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/05\/solaredge-q1-report.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":52622,"url":"https:\/\/www.solarquotes.com.au\/blog\/solaredge-q2-report-mb2102\/","url_meta":{"origin":25548,"position":5},"title":"SolarEdge Announces Record Revenues","author":"Michael Bloch","date":"August 4, 2021","format":false,"excerpt":"Israel-headquartered inverter and power optimiser manufacturer SolarEdge saw record revenues in both its solar and non-solar businesses in the second quarter. Founded in 2006, SolarEdge pioneered the concept of a string solar inverter matched with individual 'DC optimisers' attached to each solar panel that enable panel level monitoring, optimisation and\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"SolarEdge inverters","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/08\/solaredge-inverters.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/08\/solaredge-inverters.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/08\/solaredge-inverters.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/08\/solaredge-inverters.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/08\/solaredge-inverters.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/25548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=25548"}],"version-history":[{"count":2,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/25548\/revisions"}],"predecessor-version":[{"id":25552,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/25548\/revisions\/25552"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/25550"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=25548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=25548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=25548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}