SolarEdge Technologies, Inc.

The grade, in three tenses

Headline 4.3 out of ten, 8 of 9 metrics filed and 1 estimated: past 6.2 out of ten, present 2.2 out of ten, future 4.9 out of ten. The past asks what it actually did, the present what it is doing right now, the future what it is set up to do next.

The nine metrics

• Surviving crises (past): 7.6 out of ten. No warning events in its filings since 2017. 76th percentile among 99 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Track record (past): 5.3 out of ten. +9.7% a year over 10 filed years; profitable in 8 of 10. 53rd percentile among 93 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Shareholder treatment (past): 5.3 out of ten. CrossAssetData estimate 5.3/10, confidence 35 of 100 (one part). 53rd percentile among 94 sector filers. A CrossAssetData estimate, not a filed reading: one part, confidence 35 of 100; a filing that carries the missing parts replaces this estimate with the filed reading.
• Financial health (present): 1.9 out of ten. ROE -95%: lost 95¢ per shareholder dollar. Leverage 80%: owes 80¢ per asset dollar. 19th percentile among 95 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Industry position (present): 3.1 out of ten. bottom 31% of 97 in its family; net margin -34.2%. 31st percentile among 97 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Leadership (present): 1.4 out of ten. bottom 15% of 66 in its family for leadership; chief executive since 2024. 15th percentile among 66 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-09).
• Room to expand (future): 4.7 out of ten. bottom 47% of 94 in its family for room to expand. 47th percentile among 94 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Growth drivers (future): 2.3 out of ten. bottom 23% of 93 in its family for growth drivers. 23rd percentile among 93 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Expectations vs reality (future): 7.8 out of ten. top 23% of 88 in its family for expectations against reality. 77th percentile among 88 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).

The filing record

Newest annual report: Form 10-K filed 2026-02-25 for the period ended 2025-12-31 (on EDGAR). Newest quarterly report: Form 10-Q filed 2026-08-05 for the period ended 2026-06-30 (on EDGAR). Newest results release: Form 8-K filed 2026-08-05 (on EDGAR). Newest filing: Form 8-K, 2026-10-05. Filings on record since 2007. Read from EDGAR 2026-10-12.

How the company works

Read from its Form 10-K filed 2026-02-25.

The people

Yehoshua (Shuki) Nir has been chief executive since December 2024. He had joined as chief marketing officer that June, and took over from Ronen Faier, who had been acting as interim chief after the resignation of Zvi Lando, chief executive since 2019. Before SolarEdge, Nir ran a strategy consultancy of his own, Nir Strategic Advice, from 2017 to 2024, and from 2008 to 2016 was general manager of SanDisk's consumer business, which the proxy statement says he turned from a loss-making division into a profitable one. [1, 2, 3, 4]

The other executive officers named in the 2026 proxy statement: Uri Bechor, chief operating officer since 2019, who spent 22 years before that at Flex, the electronics contract manufacturer, latterly as senior vice president of global operations for Europe and the Americas; Daniel Huber, with the company since 2010 and chief revenue officer since May 2023; and Asaf Alperovitz, chief financial officer from March 2025, who had been finance chief of the apparel maker Delta Galil. In March 2026 the company announced that Alperovitz would resign as chief financial officer on June 9, 2026. On the record this site holds, Maoz Sigron first filed as chief financial officer in June 2026. [5, 6, 7, 8, 9]

Avery More chairs the board of seven. A director since 2006 and chair since November 2024, he was the company's sole seed investor, through his fund ORR Partners, and took part in every round after. Among the newer directors, Gilad Almogy founded Cogenra Solar and led it until SunPower bought it in 2015, after working at Applied Materials from 1997 to 2009; Guy Gecht chairs the board of Logitech; and Yoram Tietz was managing partner of EY's member firm in Israel from 2007 to 2022. [10, 11, 12, 13, 14, 15]

At the end of 2025 SolarEdge had 3,576 employees, full and part time: 887 in research and development, 399 in sales and marketing, 1,935 in operations, production, quality and support, and 355 in administration. Most, 2,134, are in Israel, with 424 in India, 432 in Europe and 355 in the United States. It is a smaller company than it was: it cut about 900 jobs in the first half of 2024 and about 400 more that July, expected to shed about 500 more, mostly factory jobs in South Korea, when it closed its energy storage division, and its research, sales and administrative staff fell to 1,641 from 2,157 a year earlier. In 2025 about 279 of its employees in Israel, 13%, were called up for military reserve duty. None is represented by a union. [16, 17, 18, 19, 20, 21, 22]

How it operates

SolarEdge makes the electronics that sit between solar panels and the grid. Its core product is a two-part system: power optimizers, small converters fixed to each solar panel that keep every panel at its best output and cut its voltage to a safe 1 volt unless a paired inverter signals otherwise, and inverters, designed to work only with its optimizers, which turn the panels' direct current into the alternating current a building uses. Around that core it sells batteries, EV chargers, a communication device that links each system to its cloud monitoring platform, and energy management software called SolarEdge ONE, for homes, businesses and small utility-scale solar sites. [23, 24, 25, 26, 27, 28]

It sells mostly through middlemen: indirectly to thousands of installers through large distributors and electrical wholesalers, and directly to large installers and EPC firms, the contractors that engineer, buy for and build solar projects. One wholesaler, Consolidated Electrical Distributors, took 18.6% of 2025 revenue, and the three largest customers together took 35.8%; three customers also held 45.5% of what customers owed the company at year end. Its agreements with some of its largest customers carry no long-term purchase commitments and can be cancelled on short notice. By its count, over 93,000 installers have put in SolarEdge systems. [29, 30, 31, 32, 33, 34]

The United States has become its main market. By the company's geographic tagging, the United States brought in 718.2 million dollars in 2025, 60.6% of revenue and up 89.2% on the year, against 42.1% of revenue in 2024. Europe brought in 317.6 million, 26.8%, down 1.6%, and the rest of the world 148.6 million, 12.5%, down 25.4%. [35, 36]

SolarEdge owns little of its manufacturing. Two contract manufacturers, Jabil and Flex, build its products, and because the US Inflation Reduction Act rewards local production, the vast majority is now made in the United States: inverters in Texas, optimizers and inverters in Florida and batteries in Utah. It stopped manufacturing in China, Mexico and Hungary. A minor share is still made at its own plant in the north of Israel, Sella 1, and a third party makes some in Vietnam. The company owns some of the automated optimizer lines and its own end-of-line test equipment. Certain key parts still come from suppliers in China, and some from limited or single sources. [37, 38, 39, 40, 41, 42, 43]

The specifics

Its edge, as it describes it, is electronics at every panel. Each optimizer tracks its own panel's best operating point, so shade or a mismatched panel does not drag down the rest of the string, and a custom chip, an ASIC, inside each optimizer does the control work, keeping the parts count low. Optimizers talk to the inverter over the existing DC wiring with its own power line communications. Optimizers carry a 25-year warranty and most inverters 12 years, extendable to 20 or 25. It holds 518 issued patents and 219 pending applications, expiring between 2026 and 2044, most of them on DC power optimization and conversion, monitoring and batteries. [44, 45, 46, 47, 48, 49, 50, 51]

It names its rivals. For homes: Sungrow, Huawei, Sigenergy and SMA Solar, among other mostly Chinese inverter makers, and in North America Tesla with string inverters and the microinverter maker Enphase Energy. For commercial and utility systems: SMA, Sungrow, Huawei, Sigenergy and Chint Power Systems America. It also notes new low-cost Asian entrants making panel-level electronics like its own. [52, 53, 54, 55]

US tax law shapes the business. The Inflation Reduction Act of 2022 gave manufacturers a credit under Section 45X for eligible components made in the United States, and SolarEdge sold a significant part of the credits it earned in 2024 and 2025. H.R.1, enacted on July 4, 2025, left that credit's term alone but ended the Section 25D credit for homeowners at the end of 2025, cut the end date of the investment and production credits used by third-party owners and commercial developers from 2034 to 2027, and raised the domestic content a project needs for bonus credits, to 50% from January 2026. It also added limits on parts from what the law calls foreign entities of concern, tightening from 2026. [56, 57, 58, 59, 60, 61, 62, 63]

SolarEdge was incorporated in Delaware in 2006 and is run from Herziliya Pituach, Israel. Recent years have been a retreat to its core: it dropped its e-Mobility business, whose sole customer was Stellantis, in October 2023; announced in November 2024 that it would close its energy storage business, which made batteries mainly at its Sella 2 plant in South Korea, and sold that last cell factory on September 4, 2025; and divested its PV tracker business in April 2025. The other way, it bought Wevo, software for sites with many EV chargers, in April 2024. Shareholder suits filed since 2023 are pending; the claims still standing concern statements calling inventory levels low and statements about demand in Europe. [64, 65, 66, 67, 68, 69, 70, 71]

What drives growth, line by line

Revenue rose 31.4% in 2025 to 1.2 billion dollars, after falling 69.7% the year before, from 3.0 billion in 2023 to 901.5 million. The filing credits more normal inventory levels at distributors in both the United States and Europe, despite what it calls a prolonged softness in demand: more inverters and optimizers sold added 261.1 million dollars and more batteries 94.9 million, while the end of the energy storage business took away 33.5 million and fewer ancillary solar products 30.4 million. Gross margin swung to a 16.6% profit from a 97.3% loss in 2024, the year of heavy inventory write-downs; without the US manufacturing credits, the filing says, 2025 would also have been a gross loss. [72, 73, 74, 75, 76, 77]

Optimizers. The largest line: 489.9 million dollars, 41.4% of 2025 revenue, up 55.6%, and a rising share, from 30.3% in 2023. The company recognized revenue on about 10.6 million optimizers in 2025, up 59.1% from about 6.6 million. [35, 78, 79]

Inverters. 333.8 million dollars, 28.2% of revenue, up 34.8%, on about 349.6 thousand inverters against 245.7 thousand. In 2023 inverters had brought in 46.2% of revenue, more than optimizers' 30.3%. At the end of 2025 the company moved its inverters to a single SKU, meaning one model shipped everywhere and set to its power rating in the field. [35, 80, 81, 78, 82]

Batteries for Pv Applications. 285.4 million dollars, 24.1% of revenue, up 49.8%. Battery capacity recognized as revenue rose 61.3% to about 897.4 megawatt hours. The filing says more batteries were sold mainly in Europe and the United States, and believes a rising share of solar installations adding a battery lifted demand. [35, 83, 73, 84]

Other Products. 52.8 million dollars, 4.5% of revenue, down 41.8%. The filing does not describe this line on its own; among the reasons for the year's revenue change it lists a 30.4 million dollar drop in ancillary solar products sold. [35, 73]

Energy Storage Systems. 16.4 million dollars, 1.4% of revenue, down 67.1%: the business being closed. The line's fall of 33.5 million dollars is the decrease the filing puts down to the discontinuation of its energy storage business. [35, 73]

Communication. 6.0 million dollars, 0.5% of revenue, up 11.2% on the year; the filing's results discussion does not mention it. [35]

Mobility Components and Telematics. 167 thousand dollars, down 93.0% from 2.4 million: what is left of the e-Mobility business, which the company decided to discontinue in October 2023 and whose sole customer was Stellantis. [35, 66]

What comes next, in the company's own words: its next-generation home line, SolarEdge Nexis, launched with initial units delivered toward the end of 2025, and it plans to begin offering Nexis inverters for three-phase homes (8 to 20 kW) and single-phase homes (3.8 to 13 kW). It expects the US manufacturing credits to be phased out by the end of 2031, and warns that the end of the homeowners' Section 25D credit may weigh on demand. [85, 86, 87, 88]

What the desk infers (inferred, not filed)

• SolarEdge's return to a gross profit in 2025 rests on US manufacturing tax credits rather than on what its products earn on their own; moving production to Texas, Florida and Utah is what earns those credits, and selling them is part of how it raises cash. Because: The filing says that without the manufacturing credits its 2025 gross profit would have been a gross loss. [77] It makes the vast majority of its products in the United States, citing the Inflation Reduction Act's rewards for local manufacturing. [38, 39] It sold a significant part of the credits it generated in 2024 and 2025. [57] It expects the credits to be phased out by the end of 2031. [87] Confidence 85 of 100. Wrong if: A year in which the company reports a gross profit that stays positive with the manufacturing credits excluded.
• The collapse of 2024 was above all European, a matter of stock already sitting with European distributors and weaker demand there, and the recovery of 2025 was carried by the United States. Because: Europe brought in nearly two billion dollars in 2023, then 322.6 million in 2024 and 317.6 million in 2025. [89, 35] The United States rose to 718.2 million dollars in 2025 from 379.6 million, while Europe fell 1.6%. [35] The filing credits the 2025 rise in sales to more normal inventory levels in the channel in both the United States and Europe. [74] The shareholder claims still standing concern statements calling inventory levels low and statements about demand in Europe. [71] Confidence 60 of 100. Wrong if: The company's own account of 2024 putting the European decline mainly down to something else, such as lost share to a named rival, with distributor stocks and European demand little changed.
• Consolidated Electrical Distributors, the one customer above a tenth of revenue, most likely buys chiefly for the US market, so the US recovery runs through very few hands. Because: Its share of revenue was 18.6% in 2025, while the largest customer in 2024 took 12.9%. [90] Growth in 2025 came only from the United States: up 89.2%, while Europe fell 1.6% and the rest of the world 25.4%. [35] The three largest customers took 35.8% of revenue and three customers held 45.5% of trade receivables. [31, 32] The company sells mainly through large distributors and electrical wholesalers, with no long-term purchase commitments from some of the largest. [29, 33] Confidence 55 of 100. Wrong if: A filing showing that most of Consolidated Electrical Distributors' purchases were for markets outside the United States.

Sources

1. SolarEdge Technologies, Inc., Form DEF 14A filed 2026-04-23: “Mr. Nir has nearly three decades of experience in leadership roles at multinational technology companies, most recently as SolarEdge’s Chief Executive Officer as of December 2024 and SolarEdge’s Chief Marketing Officer from June 2024 to December 2024.”
2. SolarEdge Technologies, Inc., Form DEF 14A filed 2026-04-23: “Mr. Nir served as the General Manager of the consumer business at SanDisk (Nasdaq: SNDK) from 2008 to 2016, where he led the strategic transformation and turnaround of a loss-making division into a profitable global market leader.”
3. SolarEdge Technologies, Inc., Form DEF 14A filed 2026-04-23: “On December 4, 2024, Mr. Nir, who was the Company’s chief marketing officer since June of the same year, was appointed as the Company’s new CEO, replacing Mr. Ronen Faier who acted as an interim CEO, following the resignation of Mr. Zvi Lando, who served in this position since 2019.”
4. SolarEdge Technologies, Inc., Form DEF 14A filed 2026-04-23: “Prior to joining SolarEdge, Mr. Nir worked at Nir Strategic Advice Ltd., a strategic consulting firm for multinational technology companies, from 2017 to 2024.”
5. SolarEdge Technologies, Inc., Form DEF 14A filed 2026-04-23: “Mr. Bechor joined SolarEdge in 2019 as our Chief Operating Officer. Prior to joining SolarEdge, Mr. Bechor was at Flex Ltd., a multinational electronics contract manufacturer for 22 years where he served as Senior Vice President, Global Operations, Europe and the Americas”
6. SolarEdge Technologies, Inc., Form DEF 14A filed 2026-04-23: “Mr. Daniel Huber joined SolarEdge in 2010 and currently serves as our Chief Revenue Officer, a position that he held since May 2023.”
7. SolarEdge Technologies, Inc., Form DEF 14A filed 2026-04-23: “Mr. Alperovitz joined SolarEdge on March 3, 2025, as our Chief Financial Officer. Mr. Alperovitz served as the CFO of Delta Galil, from 2019 to 2024, a global high-tech apparel company.”
8. SolarEdge Technologies, Inc., Form DEF 14A filed 2026-04-23: “On March 10, 2026, the Company announced that Mr. Alperovitz will resign from his position as CFO on June 9, 2026.”
9. The record on this page: the officers and directors who file Forms 3, 4 and 5 (the SEC's insider data sets)
10. SolarEdge Technologies, Inc., Form DEF 14A filed 2026-04-23: “Our board of directors consists of Avery More, Shuki Nir, Guy Gecht, Betsy Atkins, Yoram Tietz, Dana Gross, and Gilad Almogy.”
11. SolarEdge Technologies, Inc., Form DEF 14A filed 2026-04-23: “Mr. More has been Chairperson of our Board since November 7, 2024, and has served as a member of our Board of Directors since 2006. Mr. More was the sole seed investor in the Company through his fund, ORR Partners, and participated in all successive rounds.”
12. SolarEdge Technologies, Inc., Form DEF 14A filed 2026-04-23: “Previously, Mr. Almogy founded and served as the Chief Executive Officer of Cogenra Solar Inc., which he led from its inception until its acquisition by SunPower Corporation (Nasdaq: SPWR) in 2015.”
13. SolarEdge Technologies, Inc., Form DEF 14A filed 2026-04-23: “From 1997 to 2009, Mr. Almogy served in a number of roles at Applied Materials, Inc. (Nasdaq: AMAT), culminating in the position of Senior Vice President.”
14. SolarEdge Technologies, Inc., Form DEF 14A filed 2026-04-23: “Mr. Gecht serves as Board Chair of Logitech International S.A. (Nasdaq: LOGI) a designer of software enabled hardware solutions”
15. SolarEdge Technologies, Inc., Form DEF 14A filed 2026-04-23: “Mr. Tietz is a seasoned financial expert, with over 36 years in the field of public accounting, 15 of which he spent as the Managing Partner of Kost Forer Gabbay & Kasierer, a member of EY Global (EY Israel) from 2007 until 2022.”
16. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “As of December 31, 2025, we had 3,576 employees (full time and part time). Of these employees, 887 were engaged in research and development, 399 in sales and marketing, 1,935 in operations, production, quality and reliability, and support, and 355 in general and administrative capacities.”
17. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “Of our employees, 2,134 were based in Israel, 424 were based in India, 355 were based in the U.S., 432 were based in Europe, and 231 were based in the remaining countries in which we operate, including Thailand, Vietnam, Australia, and others.”
18. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “On January 21, 2024, the Company announced adoption of additional measures in response to challenging industry conditions, including reducing its headcount by approximately 900 over the first half of 2024 through involuntary workforce reduction plans, followed by an additional involuntary workforce reduction in July 2024 resulting in the layoff of approximately 400 employees.”
19. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “On November 27, 2024, the Company announced the closure of its Energy Storage Division. Under the closure, the Company expected to reduce its headcount by approximately 500 employees, primarily employees working in manufacturing positions in South Korea.”
20. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “Our employees headcount in our research and development, sales and marketing and general and administrative departments, has reduced to 1,641 as of December 31, 2025 from 2,157 as of December 31, 2024 as part of our Restructuring Plans.”
21. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “In the year ended December 31, 2025, approximately 279 or 13% of our employees in Israel were called to active reserve duty for varying periods.”
22. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “None of our employees are represented by a labor union.”
23. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “The typical SolarEdge DC optimized inverter system consists of inverters, Optimizers, a communication device which enables access to a cloud-based Monitoring Platform and, in many cases, a battery and additional smart energy management solutions and devices, such as EV chargers and load controllers.”
24. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “Our Power Optimizer which forms an integral part of our DC optimized inverter system is a highly reliable and efficient DC-to-DC converter which is connected to each PV module.”
25. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “resulting in superior solar power harvesting and high reliability, and are designed to work exclusively with our DC Power Optimizers.”
26. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “Each Power Optimizer is equipped with our proprietary safety mechanism which automatically reduces the output voltage of each PV module to 1 volt unless the Power Optimizer receives a fail-safe signal from a paired functioning inverter.”
27. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “Our residential and commercial systems feature SolarEdge ONE, a single platform to manage, monitor and gain real-time, module-level insights on all site energy assets.”
28. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “Our solutions address a broad range of solar market segments, from residential solar installations to commercial and small utility scale solar installations.”
29. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “We primarily sell our products indirectly to thousands of solar installers through large distributors and electrical equipment wholesalers and directly to large solar installers and engineering, procurement, and construction firms, or EPCs.”
30. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “In 2025, one of our customers, Consolidated Electrical Distributors, Inc, represented 18.6% of our revenues.”
31. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “For the year ended December 31, 2025, one customer accounted for 18.6% of our revenues and our top three customers together represented 35.8% of our revenues.”
32. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “The Company had three major customers (customer with a balance that represents more than 10% of total trade receivables, net) as of December 31, 2025 and as of December 31, 2024 that accounted in the aggregate for approximately 45.5% and 43.4%, of the Company’s consolidated trade receivables, net, respectively.”
33. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “The agreements we have with some of our largest customers do not have long-term purchase commitments and are generally cancellable by either party after a relatively short notice period.”
34. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “As of December 31, 2025, based on the number of installer accounts on our monitoring portal, over 93,000 installers around the world have installed SolarEdge PV systems.”
35. The record on this page: revenue by line and by geography, as tagged in the annual report (the SEC's financial statement data sets)
36. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “In the year ended December 31, 2024, 42.1% of our revenues were generated from the United States, 35.8% of our revenues were generated from Europe, and 22.1% of our revenues were generated from International Markets.”
37. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “We currently contract to have our solar products manufactured by two of the world’s leading global electronics manufacturing service providers, Jabil Inc. (“Jabil”) and Flex Ltd. (“Flex”).”
38. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “In light of the IRA legislation in the United States, which incentivizes the local manufacturing of renewable energy products by providing benefits to installers for the purchase and installation of products with domestic content, as well as by incentivizing local manufacturing of our products, we manufacture the vast majority of our products in the United States.”
39. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “This includes inverters in Texas, optimizers and inverters in Florida, and manufacturing of batteries in Utah. As part of our effort to streamline and centralize, we have discontinued manufacturing in China, Mexico, and Hungary.”
40. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “Our own manufacturing facility in the North of Israel, is called “Sella 1".”
41. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “We continue to manufacture a minor portion of our products in Israel, at our Sella 1 facility. We also continue to maintain manufacturing capabilities in Vietnam, with a third-party manufacturer.”
42. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “Our contract manufacturers are responsible for funding some of the capital expenses incurred in connection with the manufacture of our products, except with regard to some of the automated optimizer assembly lines, our proprietary end-of-line testing equipment and other specific manufacturing equipment utilized in assembling our products or sub-components which are financed and owned by the Company.”
43. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “We depend on limited or single source suppliers for certain key components and raw materials used to manufacture our products, making us susceptible to quality issues, shortages and price changes. Any of these limited or single source suppliers could stop supplying, or offering at commercially reasonable prices, our components or raw materials, cease operations or be acquired by, or enter into exclusive arrangements with our competitors. Moreover, we rely on suppliers in China for certain key subcomponents or components”
44. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “This enables each PV module to continuously operate at its MPP, independent of other modules in the same string, thus minimizing power lost due to module mismatch (e.g. due to manufacturing differences, aging, etc.) and partial shading.”
45. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “The Power Optimizer’s control is built into our advanced ASIC which is responsible for all digital control functions of the power optimizer, including detailed power analysis, digital real-time control of the power conversion subsystem, power line communications and networking.”
46. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “Our power line communications link uses a proprietary networking technology that we developed, utilizing the existing DC wiring between the Power Optimizers and the inverter to transmit and receive data between these devices”
47. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “Our Power Optimizers are compatible with most modules on the market today and carry a 25-year product warranty.”
48. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “The vast majority of our inverters are sold with a 12 year warranty that is extendable to 20 or 25 years for an additional cost.”
49. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “As of December 31, 2025, SolarEdge has 518 issued patents worldwide and 219 patent applications pending for examination.”
50. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “A majority of our patents relate to DC power optimization and DC to AC conversion for alternative energy power systems, power system monitoring and control, battery technology and management systems.”
51. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “Our issued patents are scheduled to expire between 2026 and 2044.”
52. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “Our DC optimized residential system competes principally with solutions from traditional inverter and battery manufacturers, such as Sungrow Power Supply Co., Ltd., Huawei Technologies Co. Ltd., Sigenergy Technology Co., Ltd., and SMA Solar Technology AG., as well as from other, mostly Chinese inverter manufacturers.”
53. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “In the North American residential market, we compete with manufacturers such as Tesla Inc. with traditional string-based solutions, as well as microinverter manufacturers such as Enphase Energy, Inc.”
54. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “Our DC optimized C&I and optimized utility systems compete with solutions from traditional providers of string inverters and batteries, such as SMA Solar Technology AG, Sungrow Power Supply Co., Ltd. Huawei Technologies Co. Ltd, Sigenergy Technology Co., Chint Power Systems America, as well as other C&I battery providers.”
55. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “In addition, there are several new entrants to the MLPE market, including low-cost Asian manufacturers; as well as software-based energy management solution providers, mainly in the European market.”
56. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “In August 2022, the U.S. government enacted IRA, which contains several provisions intended to accelerate U.S. manufacturing and adoption of clean energy such as solar, wind, hydrogen and electric vehicles and therefore had positive impacts on our business and operations along with the overall U.S. solar market.”
57. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “In 2024 and 2025, we sold a significant part of the AMPTCs that we generated from our U.S. production of eligible components.”
58. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “Section 45X of the Internal Revenue Code (the “Code”), as enacted by the IRA, offers Advanced Manufacturing Production Tax Credits (“AMPTC”s or “45X Credits”) that incentivize the manufacturing of eligible components within the U.S.”
59. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “On July 4, 2025, H.R.1, was enacted into law (“H.R.1.” or the “OBBBA”) introducing amendments to the clean energy tax credits contained in the IRA.”
60. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “H.R.1 accelerates the phase-out timeline for certain credits, eliminates the 25D credit, and imposes new eligibility criteria. H.R.1 does not shorten the term of 45X Credits.”
61. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “Among other changes, H.R.1 shortens the term of the investment tax credit and production tax credit under Section 48E and 45Y of the Code, used by customers of SolarEdge who are engaged in third-party ownership (“TPO”) models, such as residential solar leases and power purchase agreements, and commercial solar customers and developers, shortening the end date from 2034 to 2027.”
62. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “Projects commencing construction after June 16, 2025 must meet a 45% domestic content threshold, up from 40%. Since January 1, 2026, such threshold was increased to 50% and shall thereafter be further increased by 5% on an annual basis until and including 2029.”
63. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “These restrictions require threshold percentages of non FEOC components that increase over time, beginning January 1, 2026.”
64. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “We were incorporated in Delaware in 2006. Our principal executive offices are located at 1 HaMada Street, Herziliya Pituach, 4673335, Israel”
65. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “Throughout the last years, we have divested from certain businesses and markets in order to focus on our core business.”
66. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “In October 2023, the Company decided to discontinue its LCV e-Mobility activity related to the supply of products to its sole customer, Stellantis.”
67. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “In November 2024, the Company announced that it intends to discontinue its Energy Storage business related to the manufacture of batteries, mainly at our Sella 2 location in South Korea in order to focus on the Company's core solar business. On September 4, 2025, as part of the decision to close our Energy Storage Division, we sold our last battery cell manufacturing facility in South Korea.”
68. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “In April 2025, we divested from our PV tracker business, as part of our effort to focus on our core activities.”
69. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “In April 2024, we completed the acquisition of all outstanding shares in Wevo Energy Ltd., (formerly known as Weev Energy B.F Ltd) (“Wevo”). Wevo is a software company specializing in EV charging optimization and management for sites with large quantities of EV chargers”
70. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “On November 3, 2023, Daphne Shen, a purported stockholder of the Company, filed a proposed class action complaint for violation of federal securities laws”
71. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “On April 7, 2025, the Court issued an order granting in part the second motion to dismiss, dismissing all allegations except those characterizing inventory levels as “low” and those relating to demand in Europe.”
72. The record on this page: the filed annual figures (EDGAR's company facts)
73. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “Revenues increased by $283.0 million, or 31.4%, in the year ended December 31, 2025, as compared to the year ended December 31, 2024, primarily due to (i) an increase of $261.1 million related to an increase in the number of inverters and power optimizers sold; (ii) an increase of $94.9 million related to the number of batteries sold, mainly in Europe and the U.S; (iii) a decrease of $33.5 million in revenues due to the discontinuation of our Energy Storage Business; and (iv) a decrease of $30.4 million in the amount of ancillary solar products sold.”
74. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “Despite a prolonged softness in demand, we have seen an increase in sales, in 2025, due to more normalized channel inventory in both the United States and in Europe.”
75. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “For the year ended December 31, 2025 our gross profit was 16.6% as compared to gross loss of 97.3% for the year ended December 31, 2024.”
76. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “a decrease of $757.6 million in inventory costs, which is mainly attributed to inventory write-down”
77. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “Excluding the AMPTC incentives, would have caused our gross profit as a percentage of revenue, to transition from a gross profit to a gross loss.”
78. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “During the year ended December 31, 2025, the year ended December 31, 2024 and the year ended December 31, 2023, revenues derived from the sale of Power Optimizers represented 41.4%, 34.9% and 30.3% of total revenues, respectively.”
79. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “The number of power optimizers recognized as revenues increased by approximately 3.9 million units, or 59.1%, from approximately 6.6 million units in the year ended December 31, 2024, to approximately 10.6 million units in the year ended December 31, 2025.”
80. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “The number of inverters recognized as revenues, increased by approximately 103.9 thousand units, or 42.3%, from approximately 245.7 thousand units in the year ended December 31, 2024 to approximately 349.6 thousand units in the year ended December 31, 2025.”
81. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “During the year ended December 31, 2025, the year ended December 31, 2024 and the year ended December 31, 2023 revenues derived from the sale of inverters, represented 28.2%, 27.5% and 46.2% of our total revenues, respectively.”
82. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “At the end of 2025, we transitioned our inverter products to a Single SKU concept. This is a software-defined platform that significantly reduces the complexity of our business for residential and commercial applications globally. It allows us to manufacture and ship one SKU of an inverter to the market, which can then be programmed to the desired kilowatt rating in the field.”
83. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “The megawatt hours of batteries recognized as revenues increased by approximately 341.2 megawatts hour, or 61.3% from approximately 556.2 megawatts in the year ended December 31, 2024 to approximately 897.4 megawatts in the year ended December 31, 2025, as a result of increase in demand.”
84. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “Additionally, the attachment rate of batteries within solar installations is rising globally, which we believe has led an increase in demand for our batteries.”
85. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “Most notably, we launched our next-generation residential product portfolio, called SolarEdge Nexis, with initial units delivered toward the end of 2025.”
86. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “We plan to begin offering the new SolarEdge Nexis Inverter 3ph which is designed to provide between 8-20 kW to address the three phase residential market and the SolarEdge Nexis Inverter 1ph designed to provide 3.8-13 kW to address the single phase residential market.”
87. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “We expect that the AMPTCs will be phased out by the end of 2031.”
88. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “H.R.1 eliminates the individual residential tax credit under Section 25D of the Code at the end of 2025. These changes may negatively impact the eligibility of our customers and individuals to obtain tax credits, which may negatively affect the overall demand for our products.”
89. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “Revenues by geographic, based on customers’ location: Year ended December 31, 2025 2024 2023 United States $ 718,227 $ 379,617 $ 759,611 Europe 317,595 322,640 1,903,846”
90. SolarEdge Technologies, Inc., Form 10-K filed 2026-02-25: “The Company had one major customer (customers with attributable revenues that represent more than 10% of the Company's total revenues) for the year ended December 31, 2025, one major customer for the year ended December 31, 2024, and two major customers for the year ended December 31, 2023 that accounted for approximately 18.6%, 12.9% and 24.0% of the Company’s consolidated revenues, respectively.”

Where the revenue comes from

Product and service lines in fiscal 2025: Optimizers 41%, Inverters 28%, Batteries for Pv Applications 24%, Other Products 5%, Energy Storage Systems 1%, Communication 1%. By geography: United States 61%, Europe Except Netherlands 27%, Others 13%. As tagged in its annual report (Form 10-K/A, filed 2026-03-23).

Who runs it

Nir, Yehoshua (Chief Executive Officer); Sigron, Maoz (Chief Financial Officer); Alperovitz, Asaf (Chief Financial Officer); Bechor, Uri (Chief Operating Officer); Huber, Daniel (Chief Revenue Officer); Almogy, Gilad (director); Atkins, Betsy S (director); Avery, More (director); Gecht, Guy (director); Gross, Dana Rebecca (director); and 1 more. 11 officers and directors have filed their own trades in the last fifteen months, names and titles as filed with the SEC, through 2026-09-30.

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