U.S.-Israeli conflict with Iran tests solar supply
The U.S.-Israeli conflict with Iran is unlikely to materially affect solar manufacturing projects in the Middle East for now, as most of these investments remain at an early stage. OPIS analyst Brian Ng sees the most immediate risk in logistics. If disruptions persist, shipments of solar products into the region could be delayed and export pricing may turn volatile.
SolarEdge rebounds on Q1 earnings surprise
The inverter and energy storage provider posted a second straight quarter of positive cash flow as it recovers from a difficult year.
SolarEdge stock rises over 20% on positive cash flow guidance
The solar inverter and battery energy storage supplier reported heavy losses for the full year 2024 but beat revenue expectations for Q4, 2024.
SolarEdge posts $1.21 billion net loss in Q3
SolarEdge reported $260.9 million in revenue for the third quarter of 2024, down from $725.3 million in the same quarter last year. The Israeli manufacturer also posted an operating loss of more than $1 billion, with 850 MW of inverters and 189 MWh of batteries shipped for PV applications.
SolarEdge acquires EV charging optimization and management startup
Wevo Energy becomes a subsidiary of SolarEdge, and together the companies plan to integrate the Wevo’s software solution into the SolarEdge ONE energy optimization system for the commercial and industrial (C&I) segment.
BlackRock increases stake in SolarEdge to 15.8%
U.S. investment firm BlackRock says it has increased its ownership interest in Israel’s SolarEdge.
First Solar inks 5 GW supply deal with Energix
The thin film solar module provider is now booking orders to 2030.
Morgan Stanley and Santander invest $520 million in solar projects
Two transactions with developer Energix will lead to the construction and operation of six utility-scale solar projects in the United States.
Solar Earnings Recap: SunPower, Sunrun and SolarEdge
pv magazine USA’s recap of notable upstream solar, integrated solar, finance and rooftop installers that reported quarterly or fiscal year earnings over the last week.
Enlight Renewable Energy to go public on Nasdaq exchange
Enlight is a renewable energy developer based in Israel that has an active operational portfolio and development pipeline of 17 GW solar and wind farms plus 15.3 GWh of storage in nine countries, including 17 U.S. states.
