SolarEdge begins trading on NASDAQ

Facebook
Twitter
LinkedIn
Reddit
Email

Israeli micro-inverter manufacturer SolarEdge began trading on the NASDAQ stock exchange in New York today in an initial public offering of 7,000,000 shares.

Shares will be priced at US$18.00 each and traded on the NASDAQ Global Select Market under the ticker 'SEDG'.

Underwriters have been given a 30-day option to buy up to 1,050,000 of additional shares, under the offering.

The offering is expected to end on 31 March 2015.

Goldman, Sachs & Co. and Deutsche Bank Securities are working together as book-running managers. Needham & Company, Canaccord Genuity and Roth Capital Partners are working as co-managers.

SolarEdge's flotation had been hotly anticipated, with analysts expecting the company to raise around US$145 million through the offer.

When the IPO was revealed last month, analyst firm IHS said a successful flotation would allow the Israeli firm to tap into new markets and compete with leading micro-inverter supplier, Enphase.

4 October 2022
Solar & Storage Finance USA, the only event that connects developers to capital and capital to solar and storage projects, will be back in November 2022.
11 October 2022
RE+ Florida returns in 2022. Solar & Energy Storage Florida is now RE+ Florida! This premier event for the Sunshine State will return October 11-12, 2022 in Miami.
11 October 2022
PV CellTech Extra will be held as a series of live webinars and on-demand sessions on 11-13 October 2022. We'll be taking a slightly further forward-looking view at the technologies and roadmaps for new cell architectures set to dominate mass production during 2023-2025 with special emphasis on the potential timelines for technologies beyond the single-junction cell design, including perovskite and hybrid concepts.
13 October 2022
The 2022 ACORE Grid Forum is a one-day event that convenes regulators, renewable, storage and transmission companies, and other leading grid experts in Washington, D.C. Speakers will examine the roles of administrative orders and actions, infrastructure policy, regional and state developments, and private sector strategies on the path to a carbon-free grid.
18 October 2022
The solar, storage and EV industries in the UK are going from strength to strength. There is no better place for the community to meet, share ideas and do business than Solar & Storage Live from 18-20 October at the NEC. There’s something for everyone; more than 150 exhibitors, a high-level conference, a start up and innovation zone, a poster zone, strategic partners to network with and much more. 
18 October 2022
The global PV market is entering a new era at unprecedented speed. The demand for high-power PV modules has soared, while interest in the future direction of solar technologies has intensified. Tongwei wants to create discussions between EPC companies, investors, and distributors, especially in Europe, which the company sees as a key growth market. Understanding the opinions and needs of clients in terms of shingled or N-type technology, as well as larger module size, is vital to Tongwei’s success in Europe and beyond. In this PV Tech TechTalk webinar, experts from TÜV NORD and Tongwei's CTO will discuss the risk analysis and reliability of the company’s shingled module technology and its applicability to different European markets.

Read Next

September 30, 2022
European Union countries will introduce a revenue cap on operational solar PV plants as part of a package of emergency measures approved today.
PV Tech Premium
September 30, 2022
As trade bodies call for Ukraine to reach 50% renewables in its power mix by 2030, it will need to install 17GW of solar PV.
September 30, 2022
US renewable energy major Brookfield Renewable has agreed to spend up to US$2 billion in order to acquire both Scout Clean Energy and Standard Solar.
September 30, 2022
Utility-scale renewables developer Intersect Power has secured US$3.1 billion in project financing to complete its 2.2GW near-term clean energy portfolio in the US.
September 30, 2022
Canadian natural gas pipeline giant Enbridge has bought US renewables developer Tri Global Energy (TGE) for US$270 million in cash and assumed debt.
September 29, 2022
Norwegian polysilicon manufacturer REC Silicon has appointed William Kurtis Levens as its new CEO, succeeding James May in the position.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 4, 2022
New York, USA
On-Demand Webinars, Solar Media Events
October 11, 2022
Virtual event
Upcoming Webinars
October 18, 2022
10am (EDT) / 4pm (CEST)