SolarEdge Technologies

Invented an inverter solution for harvesting and managing power in a solar photovoltaic (PV) system. Learn more

Launch date

Jun 2006

Employees

1001-5000 people

Market cap

Enterprise valuation

$1.1b (Public information from Sep 2024)

Herzliya Tel Aviv District (HQ)

http://www.solaredge.com/

https://twitter.com/solaredgepv https://www.facebook.com/solaredge https://www.linkedin.com/company/solaredge https://apps.apple.com/app/id1125132165 https://play.google.com/store/apps/details?id=com.developica.solaredge.mapper

Revenues, earnings & profits over time

USD	2020	2021	2022	2023	2024	2025	2026
Revenues	1.5b	2.0b	3.1b	3.0b	1.1b	1.9b	2.3b
% growth	2 %	35 %	58 %	(4 %)	(64 %)	80 %	20 %
EBITDA	174m	247m	216m	147m	(376m)	51.1m	243m
% EBITDA margin	12 %	13 %	7 %	5 %	(35 %)	3 %	10 %
Profit	140m	169m	93.8m	34.3m	(511m)	(120m)	47.1m
% profit margin	10 %	9 %	3 %	1 %	(47 %)	(6 %)	2 %
EV / revenue	10.9x	7.5x	5.0x	1.7x	0.8x	0.3x	0.3x
EV / EBITDA	91.2x	59.4x	71.5x	34.5x	-2.2x	13.1x	2.7x
R&D budget	163m	220m	290m	321m	-	-	-
R&D % of revenue	11 %	11 %	9 %	11 %	-	-	-

Date	Investors	Amount	Round
-	Vertex Ventures Israel	N/A	-
Nov 2007	Genesis Partners ORR Partners Opus Capital	$11.8m	Series A
Dec 2008	Vertex Holdings Walden International Opus Capital Ventures Genesis-Capital	$23.0m	Series B
Oct 2010	Lightspeed Venture Partners Genesis Partners Vertex Holdings Walden International Opus Capital Ventures ORR Partners	$25.0m	Late VC
Oct 2011	Lightspeed Venture Partners Genesis Partners Vertex Holdings Walden International Opus Capital Ventures Norwest Venture Partners General Electric	$37.0m	Late VC
Mar 2014	Lightspeed Venture Partners Norwest Venture Partners	$58.0m	Series D
Sep 2014	NewWorld Capital Group CCM Energy Jerusalem Global Ventures	N/A	Series E
Mar 2015	N/A	$126m Valuation: $778m	IPO
Mar 2022*	N/A	$679m	Post IPO Equity
Jan 2024*	BlackRock	N/A	Post IPO Equity
Jun 2024*	N/A	$300m	Post IPO Convertible
Total Funding		$155m

SolarEdge, a global leader in smart energy technology, innovates solutions for various energy market segments, including residential, commercial, and large-scale PV, battery storage, EV charging, home energy management, grid services, virtual power plants, and UPS, driven by world-class engineering and a focus on progress. Established in 2006, SolarEdge revolutionized PV systems with its DC-optimized inverter solution for improved power generation and lower energy costs.

Tech stackLearn more about the technologies and tools that this company uses.