2 Top Renewable Energy Stocks in Solar Power

2 Top Renewable Energy Stocks in Solar Power

2019-10-10T10:55:36+00:00October 10th, 2019|Solar Energy|

A global leader in solar hardware

The U.S. Energy Information Administration estimates that the amount of electricity generated by small-scale solar installations more than doubled from 2015 to 2018. The product portfolio of SolarEdge Technologies has played a significant role in that trend, which has accelerated over time. The company develops integrated inverter systems that maximize power output from solar panels and reduce the cost of electricity produced. Systems often include inverters (for converting direct current produced from solar panels into alternating current used by buildings), power optimizers, automated management solutions, and a cloud-based monitoring platform.

SolarEdge Technologies has sold 40.8 million power optimizers and 1.7 million inverters throughout the world from its first commercial shipments in 2010 through the end of June 2019. Those installations have a cumulative capacity of 13,100 megawatts, which easily makes the company a leader in the space. The business has certainly capitalized.