SolarEdge unveils solar-powered EV charging solution

MUNICH - SolarEdge Technologies, Inc. (NASDAQ:SEDG), a key player in smart energy technology currently valued at $848 million, has introduced a solar-powered electric vehicle (EV) charging system for businesses at Intersolar Europe 2025. The system, which is already available, aims to optimize energy costs by utilizing solar power for EV fleet charging, with reported savings of about 70% for one of the initial beta customers. According to InvestingPro data, while the company maintains strong liquidity with a current ratio of 2.04, it faces challenges with cash burn and profitability.

The SolarEdge ONE EV Charger, designed for commercial use, leverages the company’s energy management system to prioritize solar energy usage. It is expected to be released for residential use by the end of the third quarter of 2025. The charger features a sleek design and supports both single-phase and three-phase connections, with a simple installation process. It also incorporates ’Olivia’, an AI phone support agent specifically designed for EV charging. This product launch comes as the company faces significant headwinds, with revenue declining by 59% in the last twelve months.

The EV charging solution calculates the most cost-effective energy source for charging EVs by considering real-time grid electricity prices, solar generation, and customer-specific charging schedules. It can also adjust charging rates dynamically based on the building’s energy load, allowing for the connection of more chargers without exceeding infrastructure limits.

Today marks the global rollout of SolarEdge’s ONE for C&I, an energy optimization software and monitoring platform for commercial and industrial customers. This platform offers new features for remote troubleshooting, device operation, and configuration, aiming to reduce downtime and site visits.

Shuki Nir, CEO of SolarEdge, highlighted the integration of solar energy with public EV infrastructure as crucial for cost-effective and sustainable EV charging, stressing that an EV fleet’s environmental impact is directly linked to the cleanliness of its power source. The company’s financial health score on InvestingPro indicates challenges ahead, with 11 additional key insights available to subscribers, including detailed analysis of the company’s market position and growth potential.

SolarEdge’s announcement represents a strategic move to integrate its commercial solar and storage solutions with EV charging, creating a more comprehensive energy ecosystem for businesses. The company’s commitment to innovation in smart energy solutions continues to address various segments of the energy market, including PV, storage, EV charging, batteries, and grid services.

This news is based on a press release statement from SolarEdge Technologies, Inc. For comprehensive analysis of SolarEdge’s financial health, market position, and detailed Fair Value assessment, access the full Pro Research Report available exclusively on InvestingPro, covering over 1,400 US stocks with expert insights and actionable intelligence.

In other recent news, SolarEdge Technologies is approaching its first-quarter earnings report amid a series of analyst evaluations and strategic changes. Jefferies has revised its price target for SolarEdge to $9.00, citing tariff concerns that could affect the company’s gross margins, projected at 6.5%. The company’s first-quarter revenue is expected to align with the consensus at $206 million. Meanwhile, BMO Capital maintains an Underperform rating with a $14 target, highlighting a cautious outlook due to the residential solar market’s challenges and a downgraded free cash flow forecast. Northland upgraded SolarEdge from Underperform to Market Perform, though it lowered the price target to $12.50, noting the company’s positive cash flow and cost-cutting measures. Morgan Stanley downgraded the stock to Underweight, with a new price target of $10, reflecting concerns over declining demand and regulatory uncertainties. Additionally, SolarEdge has announced changes to its Board of Directors, reducing its size following the resignation of Mr. Marcel Gani and the upcoming departure of Mr. Dirk Hoke. These developments indicate a period of strategic adjustments for SolarEdge as it navigates market challenges.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.