{"id":85891,"date":"2024-08-09T05:04:39","date_gmt":"2024-08-08T19:34:39","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=85891"},"modified":"2024-08-09T05:04:39","modified_gmt":"2024-08-08T19:34:39","slug":"solaredge-sma-reports-mb2982","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/solaredge-sma-reports-mb2982\/","title":{"rendered":"SolarEdge And SMA Report In"},"content":{"rendered":"<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-85892\" src=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/08\/solaredge-sma.png\" alt=\"SMA and SolarEdge financial results\" width=\"1200\" height=\"630\" srcset=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/08\/solaredge-sma.png 1200w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/08\/solaredge-sma-300x158.png 300w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/08\/solaredge-sma-1024x538.png 1024w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/08\/solaredge-sma-768x403.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p>Solar manufacturers SolarEdge and SMA have recently reported on financial results and reiterated their beliefs in better days ahead.<!--more--><\/p>\n<h2>SMA &#8211; &#8220;Solid&#8221; First Half In A Challenging Market<\/h2>\n<p>Founded in 1981 in Germany, SMA is best known for its inverters, but has also branched out into energy storage and EV chargers. <a href=\"https:\/\/www.solarquotes.com.au\/inverters\/sma-review.html\">SMA inverters<\/a> have been a popular <a href=\"https:\/\/www.solarquotes.com.au\/inverters\/\">solar inverter<\/a> solution for Australian home solar installations, but the firm has been struggling amid increasing competition.<\/p>\n<p>Reporting on the first half of 2024, SMA said sales were lower than for the same period in 2023, reaching \u20ac759.3 million compared to \u20ac778.9 million.<\/p>\n<p>The company has pointed its finger at:<\/p>\n<ul>\n<li>A global PV market developing &#8220;very inconsistently&#8221; this year.<\/li>\n<li>Continuing high inventory levels at distributors and installers relating to the Home and Commercial &amp; Industrial sectors.<\/li>\n<li>Excess capacity from Chinese manufacturers putting further downward pressure on prices.<\/li>\n<\/ul>\n<p>SMA also said electricity price reductions in some parts of the world were resulting in postponed investments.<\/p>\n<p>While making significant sales and earnings gains in the Large Scale &amp; Project Solutions segment, SMA says the delayed market recovery in the Home and C&amp;I (Commercial &amp; Industrial) segments has seen the firm expanding sales activities to other product groups and countries in recent weeks.<\/p>\n<p>In June, <a href=\"https:\/\/www.solarquotes.com.au\/blog\/sma-solar-struggles-mb2948\/\">SMA announced<\/a> it was adjusting its revenue guidance for the fiscal year 2024 downwards from \u20ac1.95 billion to \u20ac2.22 billion, to between \u20ac1.55 billion and \u20ac1.7 billion. There has been no subsequent change to this guidance in the latest report.<\/p>\n<p><a href=\"https:\/\/www.sma.de\/en\/investor-relations\/corporate-news\/detail\/eqs-news-sma-group-reports-a-solid-first-half-of-2024-in-a-challenging-market\">Read more from SMA&#8217;s H1 report here<\/a>.<\/p>\n<h2>SolarEdge &#8220;Encouraged&#8221; By Q2 Results<\/h2>\n<p>Israel-based SolarEdge Technologies, Inc. manufactures optimisers, <a href=\"https:\/\/www.solarquotes.com.au\/inverters\/solaredge-review.html\">inverters<\/a>, <a href=\"https:\/\/www.solarquotes.com.au\/battery-storage\/reviews\/solaredge-review.html\"> battery storage<\/a> and <a href=\"https:\/\/www.solarquotes.com.au\/ev-chargers\/reviews\/solaredge-review.html\"> EV chargers<\/a>, and their products have also been popular in Australia.<\/p>\n<p>The company has announced its financial results for the second quarter ended June 30, 2024, with the firm reporting revenues of USD $265.4 million. While this was up 30% from $204.4 million in the previous quarter, it was down a whopping 73% from $991.3 million in the same quarter last year.<\/p>\n<p>Commenting on the results, SolarEdge Chief Executive Office Zvi Lando said:<\/p>\n<blockquote><p>\u201cWhile we expect undershipping to continue in the third quarter, we believe the momentum in our underlying business and the actions we are taking to gain market share and address new growth segments will enable a return to higher revenue levels once inventories are cleared in the first half of 2025.\u201d<\/p><\/blockquote>\n<p>Looking ahead, SolarEdge provided guidance for the third quarter ending September 30, 2024, forecasting revenues to be within the range of $260 million to $290 million.<\/p>\n<p><a href=\"https:\/\/investors.solaredge.com\/news-releases\/news-release-details\/solaredge-announces-second-quarter-2024-financial-results\">Read more from SolarEdge&#8217;s Q2 report here<\/a><\/p>\n<p>Both SolarEdge and SMA have been doing it tough, but they aren&#8217;t certainly aren&#8217;t alone. The situation isn&#8217;t confined to inverters, with solar panel prices being pummeled too. Many Chinese manufacturers are feeling the pinch as well from cut-throat competition between each other. In a race to the bottom, you might win &#8211; but the cost may be very high.<\/p>\n<p>Still, it&#8217;s an ill wind that blows nobody any good. Lower <a href=\"https:\/\/www.solarquotes.com.au\/panels\/cost\/\">solar power system prices<\/a> are a win for the end-consumer; making now a <a href=\"https:\/\/www.solarquotes.com.au\/solar101.html\">great time to go solar<\/a> in Australia.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solar manufacturers SolarEdge and SMA have recently reported on financial results and reiterated their beliefs in better days ahead.<\/p>\n","protected":false},"author":17,"featured_media":85892,"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-85891","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SolarEdge And SMA Report In<\/title>\n<meta name=\"description\" content=\"Solar manufacturers SolarEdge and SMA have recently reported on financial results and reiterated their beliefs in better days ahead.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solarquotes.com.au\/blog\/solaredge-sma-reports-mb2982\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SolarEdge And SMA Report In\" \/>\n<meta property=\"og:description\" content=\"Solar manufacturers SolarEdge and SMA have recently reported on financial results and reiterated their beliefs in better days ahead.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.solarquotes.com.au\/blog\/solaredge-sma-reports-mb2982\/\" \/>\n<meta property=\"og:site_name\" content=\"SolarQuotes Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SolarQuotes\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-08T19:34:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/08\/solaredge-sma.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Michael Bloch\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@solar_quotes\" \/>\n<meta name=\"twitter:site\" content=\"@solar_quotes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/solaredge-sma-reports-mb2982\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/solaredge-sma-reports-mb2982\/\"},\"author\":{\"name\":\"Michael Bloch\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#\/schema\/person\/66afd571aa00c2e442f0192ebac2f6f1\"},\"headline\":\"SolarEdge And SMA Report In\",\"datePublished\":\"2024-08-08T19:34:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/solaredge-sma-reports-mb2982\/\"},\"wordCount\":510,\"commentCount\":2,\"publisher\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/solaredge-sma-reports-mb2982\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/08\/solaredge-sma.png\",\"articleSection\":[\"General Solar &amp; 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The company published provisional, non-audited figures for the 2022 calendar year last week indicating sales of \u20ac1,065.9 million compared to \u20ac983.4 million in 2021 (up 8.4%).\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"SMA solar inverters","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/03\/sma-inverter-outlook.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/03\/sma-inverter-outlook.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/03\/sma-inverter-outlook.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/03\/sma-inverter-outlook.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/03\/sma-inverter-outlook.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":49844,"url":"https:\/\/www.solarquotes.com.au\/blog\/best-solar-inverters-2021\/","url_meta":{"origin":85891,"position":1},"title":"Best Solar Inverters In Australia? Here&#8217;s What Installers Trust In 2021","author":"Finn Peacock","date":"May 3, 2021","format":false,"excerpt":"There are a lot of solar inverter brands on the Australian market in 2021. But which ones are the best? That's a tough question to answer. So we asked installers we trust what they thought. As we did when gauging what they considered the best solar panels in 2021, we\u2026","rel":"","context":"In &quot;Solar Inverters&quot;","block_context":{"text":"Solar Inverters","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-inverters\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/05\/installers-choice-inv.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/05\/installers-choice-inv.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/05\/installers-choice-inv.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/05\/installers-choice-inv.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/05\/installers-choice-inv.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":43971,"url":"https:\/\/www.solarquotes.com.au\/blog\/sma-remote-shutdown\/","url_meta":{"origin":85891,"position":2},"title":"SMA Inverters Will Meet SA&#8217;s Remote Disconnection Rules At No Extra Cost","author":"Ronald Brakels","date":"October 19, 2020","format":false,"excerpt":"On Thursday I was invited to a webinar on SMA's response to South Australia's new solar inverter requirements.\u00a0 It seems that SMA -- the maker of Sunny Boy inverters -- was on the ball as all their residential inverters are on SA's approved installation list. The Good News Unlike some\u2026","rel":"","context":"In &quot;Solar Inverters&quot;","block_context":{"text":"Solar Inverters","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-inverters\/"},"img":{"alt_text":"SMA solar inverters and remote disconnect in South Australia","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/10\/e-stop.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/10\/e-stop.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/10\/e-stop.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/10\/e-stop.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/10\/e-stop.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":86972,"url":"https:\/\/www.solarquotes.com.au\/blog\/sma-job-cuts-mb3019\/","url_meta":{"origin":85891,"position":3},"title":"Shakeup At SMA &#8211; Jobs Likely To Go","author":"Michael Bloch","date":"October 1, 2024","format":false,"excerpt":"German solar inverter and battery storage manufacturer SMA is continuing to feel the pinch from competition and a volatile market, and now jobs are on the line. Last week, SMA's Managing Board decided to embark on a company-wide restructuring program, also aiming to find cost savings of an estimated EUR\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"SMA job cuts","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/10\/sma-job-cuts.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/10\/sma-job-cuts.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/10\/sma-job-cuts.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/10\/sma-job-cuts.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/10\/sma-job-cuts.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":30265,"url":"https:\/\/www.solarquotes.com.au\/blog\/sma-q1-results-mb1051\/","url_meta":{"origin":85891,"position":4},"title":"Trying Times Continue For SMA","author":"Michael Bloch","date":"May 13, 2019","format":false,"excerpt":"Germany's SMA continues to struggle in the fiercely competitive and crowded solar inverter market, but remains confident it's on the right track. In its quarterly statement covering January to March 2019 published last week, the company says its solar inverter sales reached 1,803 MW collective capacity compared to 1,843 MW\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"SMA solar inverters","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/05\/sma-solar-inverter.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/05\/sma-solar-inverter.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/05\/sma-solar-inverter.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/05\/sma-solar-inverter.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/05\/sma-solar-inverter.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":45733,"url":"https:\/\/www.solarquotes.com.au\/blog\/bigger-solar-inverters\/","url_meta":{"origin":85891,"position":5},"title":"Bigger Inverters Are Much Better Value &#8211; So When Buying Solar, Go Big!","author":"Ronald Brakels","date":"January 11, 2021","format":false,"excerpt":"When people ask me how much solar they should put on their roofs, I usually reply along the lines of... \"As much as you bloody well can.\" I'm not saying you should borrow money from the mafia or a dodgy finance company to do this. Still, I recommend putting on\u2026","rel":"","context":"In &quot;Solar Inverters&quot;","block_context":{"text":"Solar Inverters","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-inverters\/"},"img":{"alt_text":"Bigger solar inverters are better value","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/01\/inveter-size.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/01\/inveter-size.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/01\/inveter-size.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/01\/inveter-size.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/01\/inveter-size.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/85891","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=85891"}],"version-history":[{"count":3,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/85891\/revisions"}],"predecessor-version":[{"id":85895,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/85891\/revisions\/85895"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/85892"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=85891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=85891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=85891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}