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SolarEdge Focuses On Solar Power Market

Author: Source: Datetime: 2018-11-27 12:33:26
SolarEdge recently announced its record revenue and sales volume in the third quarter of 2018. The company's CEO, Guy Sella, said that SolarEdge's main focus is on the solar power market, which includes energy storage systems.

According to reports, Sella hosted a conference call to analyze the company's recent financial results, which was announced in early November. In addition to the first time solar inverter shipments exceeded 1GW in the quarter, SolarEdge's third-quarter revenue increased 42% year-on-year, with sales of $236.6 million, compared to its competitors' relative growth. Quarterly sales have declined.
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More than 50% of the company's revenue comes from the US, 35.4% of sales come from Europe, and 14% from the rest of the world. Industry Media PV Tech Senior News Editor Mark Osborne stressed that SolarEdge's shipment growth track is the strongest in years.

Although the conference call focused on the company's solar power generator business and the possible impact of international trade tariffs, Sella and his colleagues also discussed the issue of energy storage systems.
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