SolarEdge Technologies, Inc.: Expansion of Commercial Segment & Geographical Shift Changing The Game? –

SolarEdge deemed its Q4 2023 and full-year results as clouded by adverse market dynamics and high inventory levels. For Q4, SolarEdge reported revenues of about $316 million, split between $282 million in their solar business and $33 million in non-solar activities. The company shipped 2.2 million power optimizers and 74,000 inverters during the quarter, along with 133-megawatt hours of batteries. For the full year, SolarEdge did not meet the end market demand by about $200 million during Q4, primarily due to the abrupt slowdown in demand in late 2023.