Israel
SolarEdge appoints acting CEO as Guy Sella’s health deteriorates
SolarEdge CEO and founder Guy Sella has taken a leave of absence to continue his battle with colon cancer.
Aug 22, 2019 // Solar, Asia, SolarEdge, Israel, Guy Sella, Zvi Lando, Nadav Zafrir, Uri Bechor
SolarEdge posts strong revenue increase, slight drop in net profit
The Israeli inverter manufacturer saw its net profit decline 4% year-on-year to $33.1 million in the second quarter, despite shipping 1.3 GW and seeing a 43% increase in turnover. Gross margins were affected by the increase in U.S. tariffs on China made products.
Aug 7, 2019 // Manufacturing News, Plants, Large-Scale, Commercial, Markets & Finance News, Inverters, USA, Inverters, Asia, SolarEdge, Israel, Gamatronic, Kokam, SMRE, North America
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