Revenue and Market Share Growth
SolarEdge delivered quarter-over-quarter and year-over-year revenue growth, expanded gross margins, and reduced operating expenses. They also achieved their second straight quarter of positive free cash flow.
US Manufacturing and Market Leadership
SolarEdge created nearly 2,000 jobs in the U.S., reaching a capacity of 70,000 inverters per quarter. They were recognized as the number one inverter supplier for rooftop solar installations in the U.S.
Progress in Europe
Sell-through in Europe was up 6% quarter-over-quarter, with Germany and the Netherlands showing particular strength.
Innovation and New Product Launches
SolarEdge is on track with the new Nexis platform and announced the SolarEdge ONE Controller for Residential compliance with Germany's regulation 14a, opening significant market opportunities.