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SolarEdge Taking The Lead In Module-Level Power Electronics

Tuesday, Nov 10 2015

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The contrasts are stark. Solar panel optimizer leader SolarEdge just posted a record-revenue quarter with an outlook for continued growth, while microinverter leader Enphase just revealed a disappointing revenue and margin outlook for the next quarter. Both companies fall in the broader (and growing) market category of module-level power electronics (MLPE). The competition is not really SolarEdge versus Enphase as much as it is traditional string inverters versus MLPE.
 
SolarEdge stats from the current quarter:
 
  • Record revenue of $115.1 million, up 16.9 percent from last quarter and 71.8 percent year-over-year
  • GAAP gross margin was 29.1 percent
  • GAAP net income was $14.4 million, up from $9.3 million in the prior quarter
  • The company shipped 356 megawatts (AC) of inverters 
That's three consecutive profitable quarters as a public company for SolarEdge.