The inverter and energy storage company was able to maintain its streak of profitable quarters in what was expected to be a hard period for solar and the Israeli business said it sees “signs of recovery in the U.S.”
A tribute to Guy Sella has hailed ‘a brilliant man’ and ‘a revolutionary trailblazer’ who was ‘vibrant and energetic’ yet ‘down-to-earth and approachable’.
Unimpressed by last year’s China policy-related shenanigans, the inverter maker continued to grow at a rapid pace as it acquired storage, uninterruptable power supply (UPS) and e-mobility related businesses. Its full-year results place SolarEdge in a good position going into a more promising year, with solar installations expected to hit double-digit growth figures in many markets and reach 120 GW globally.
Israeli company will offer $77m – made of up cash and shares – for a controlling stake in electric vehicle power train manufacturer SMRE with the aim of then making the Italian company a wholly-owned subsidiary as the Italian government plans a big EV push.
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