PV inverter manufacturer SolarEdge Technologies has reported a clean sweep in key financial parameters for the first quarter of 2018, which includes, revenue, shipments, gross margin, profitability and quarterly cash flow generation.
PV inverter manufacturer SolarEdge Technologies reported fourth quarter and full-year 2016 results that were impacted by a slowdown in the US residential market in the second-half of the year. European and Asia markets helped revenue grow 15% in 2016.
PV inverter manufacturer SolarEdge Technologies reported lower third quarter revenue and guided further revenue declines through the end of the year on weak US residential market and continued ASP pressure in the highly competitive inverter market.
US-based solar PV installer Sunworks said it had selected SolarEdge Technologies has its preferred inverter supplier on the back of expected residential market growth in the fourth quarter of 2016 onwards.
PV inverter firm SolarEdge Technologies reported fiscal fourth quarter revenue of US$124.8 million, which was at the low end of guidance, due to a slowdown in the US residential market, its biggest market for the company.