Financial PerformanceSolarEdge reported top-line results and third-quarter guidance that beat the Street’s expectations.
Manufacturing ExpansionFacilities in Seminole, FL (Jabil) for inverters and Austin, TX (Flextronics) for optimizers are now ~90% of production capacity and poised to begin exporting product abroad imminently, allowing the company to capture a $0.11/w 45X manufacturing credit.
Product InnovationThe management team noted that the Nexis platform will reduce SKU count by 60-80% and have 'Lego Like' stackability of up to four 4.9kWh batteries, addressing both primary use cases globally.