SolarEdge reported first quarter revenue of US$209.9 million, up 11% from US$189.3 million in the prior quarter and up 82% from US$115.1 million from the prior year period. 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.
Enphase Energy announced after trading hours Tuesday that it plans to acquire SunPower’s microinverter business for $25 million in cash and $7.5 million in shares of Enphase common stock. The five-year agreement is intended to “accelerate global adoption of AC modules as the de facto residential solution,” according to a press release. The deal adds more than 140 patents to
With the increasing population and degrading of resources, we are in short of basic resources. Energy is one of them cause it takes a huge investment to increase the output. However, that’s when solar power saves us. Solar power is possibly the most amazing energy resource available to humankind. Cause it’s free and the sunlight never finishes. With that said,