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http://seekingalpha.com/news/2366626-solar-inverter-power-op… Solar inverter/power optimizer maker SolarEdge sets IPO price range Mar 13 2015, 00:50 ET | About: SolarEdge Technologies (SEDG) | By: Eric Jhonsa, SA News Editor SolarEdge (Pending:SEDG), an Israeli maker of power converters and related inverters for solar systems, has set a $16-$18 price range for its 7M-share IPO. That spells a valuation range of $610M-$686M. SolarEdge's systems replace traditional solar junction boxes with DC/DC converters (referred to by the company as power optimizers) attached to individual solar panels; the converters optimize power output by tracking each module's maximum power point. They also feature DC/AC inverters that are simpler and cheaper than traditional inverters (since power tracking and voltage management is handled by the power optimizers), and Web-based system monitoring software. The company had revenue of $140.3M (+141% Y/Y) during the six months ending Dec. 31, and net income of $5.9M. Shipped products went into 389MW of systems, up from 153MW a year earlier. SolarCity (NASDAQ:SCTY) is SolarEdge's biggest client: The U.S. solar installer accounted for 32.3% of revenue during the aforementioned timeframe. Vivint Solar (NYSE:VSLR) is also a customer. Top microinverter maker Enphase (NASDAQ:ENPH) is a major rival. SolarEdge claims its systems are cheaper, more reliable, and offer better shade tolerance than microinverter-based systems (among other things). |
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| aus der Diskussion: | SolarEdge plant IPO |
| Autor (Datum des Eintrages): | R-BgO (13.03.15 15:23:08) |
| Beitrag: | 1 von 434 (ID:49322255) |
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