Connect with us

Hi, what are you looking for?


Clean Power

SolarEdge Posts Another Strong Quarter To Finish 2017 Soaring

SolarEdge Technologies posted yet another strong quarter last week, revealing continued increased revenue and finishing the Full Year 2017 with revenue up 24% over the previous year, sending its stocks soaring nearly 25%. 

SolarEdge Technologies posted yet another strong quarter last week, revealing continued increased revenue and finishing the Full Year 2017 with revenue up 24% over the previous year, sending its stocks soaring nearly 25% to an all-time high.

In the middle of last week, both SolarEdge and SunPower announced their Fourth Quarter and Full Year 2017 financial earnings reports, and it was definitely a tale of two very different cities (see here for SunPower report). SolarEdge continued what turned out to be a remarkably impressive year with record revenues in the fourth quarter of $189.3 million, up 14% from the previous quarter, and up 70% year-over-year.

In fact, the Israeli-based provider of power optimizer, solar inverter, and monitoring solutions went from strength to strength in 2017 — with revenue up 18% in its second quarter, another 18% in the third quarter, and now 14% in the fourth quarter.

Unsurprisingly, therefore, the company’s Full Year 2017 figures were in line with a strong year, with total revenues of $607 million for the year, up 24% year-over-year.

“We ended the fourth quarter and full year of 2017 with record results in our key financial and operational metrics,” said Guy Sella, Founder, Chairman and CEO of SolarEdge. “We grew our revenues in each of the geographies in which we operate and overcame a challenging year in terms of industry-wide component availability and growing our manufacturing capacity to support the growing demand for our products. We expanded our gross margin by keeping our ASP stable, continuing our cost reduction initiatives and increased profitability and cash flow generation while maintaining and even increasing our investments in R&D and customer support and growing our geographic footprint.”

Looking forward to the First Quarter 2018, the company is currently guiding revenues in the range of $200 million to $210 million, with gross margins expected to remain flat within the range of 36% to 38%.

The comparison with SunPower — which also put out its Fourth Quarter and Full Year 2017 figures on the same day, and which also supplies solar panel components — is undeniable, and the fact that Donald Trump’s imposition of a 30% tariff on solar modules and cells had almost no impact on SolarEdge but sunk SunPower deserves some attention.

The difference between the two companies is their business model. SolarEdge works primarily with residential and commercial customers, whereas SunPower works primarily with utility-scale customers. SolarEdge’s products make up only a small slice of the cost of a residential solar installation, and thus the impact of the 30% tariff is lessened. If SolarEdge were to focus more on utility-scale, where its products make up a greater slice of each project, then the tariff would have had a larger impact, just as it did with SunPower.

Appreciate CleanTechnica’s originality and cleantech news coverage? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.

Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Written By

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (, and can be found writing articles for a variety of other sites. Check me out at for more.


You May Also Like


SolarEdge Technologies has announced that it has been chosen to supply the full electric powertrain units and batteries for the production of Fiat’s E-Ducato...


Kokam Co., Ltd, a subsidiary of SolarEdge and a provider of lithium-ion batteries and integrated energy solutions, announced today the launch of a new advanced and...


The innovative clean tech kids at SolarEdge launched a new inverter optimized for integration of solar and energy storage. The new Energy Hub Inverter...

Clean Transport

SolarEdge was a late entrant to the world of electric vehicle chargers, but after spending some time with the SolarEdge Smart EV Charger, the...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.