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MUNICH/MILPITAS - SolarEdge Technologies, Inc. (NASDAQ:SEDG) has received over 150 orders equating to more than 15MWh for its new CSS-OD Commercial Storage System in Germany within weeks of its launch, the company announced Tuesday. This positive development comes as the stock has shown remarkable resilience, posting a 215.85% return over the past year despite recent volatility, according to InvestingPro data.
The first dozen installations of the commercial battery system are already operational across Germany, Europe's largest solar self-consumption market. The system combines a 102.4 kWh-rated battery cabinet with a 50kW inverter and can scale up to 1 MWh per site.
One of the first installations is at the headquarters of WG Solar Concept GmbH in Nufringen, Baden-Württemberg. The solar installer added two CSS-OD systems to its existing 280 kWp SolarEdge rooftop PV system to maximize self-consumption.
"The addition of the CSS-OD has had an immediate impact on our business, integrating seamlessly with our solar system to now power 95% of our energy needs," said Nils Rufle, Managing Director at WG Solar Concept GmbH, according to the press release.
The commercial storage system is designed to work with SolarEdge PV systems for both indoor and outdoor commercial and industrial installations. The company stated the product is particularly relevant as European markets shift away from net metering toward self-consumption models.
SolarEdge's Chief Commercial & Industrial Division, Naama Ohana, noted in the announcement that the product is creating "a strong new revenue stream that taps into our leading C&I solar business."
The system is controlled by SolarEdge's ONE for C&I energy management system, which optimizes energy usage for businesses seeking to reduce dependence on grid electricity.
In other recent news, SolarEdge Technologies reported its third-quarter 2025 earnings, surpassing Wall Street expectations. The company posted an earnings per share (EPS) of -$0.31, better than the forecasted -$0.41, and achieved revenue of $340.21 million, exceeding the anticipated $330.29 million. Despite this positive earnings report, the stock faced a pre-market decline of 4.9%, attributed to investor concerns about future guidance and market conditions. In related developments, Jefferies raised its price target for SolarEdge from $24 to $33, maintaining an Underperform rating on the stock. The firm highlighted improvements in the residential solar market, especially for third-party owners, as a reason for the revised outlook. Additionally, Jefferies pointed out SolarEdge's promising position in the commercial and industrial segments. These recent developments indicate a complex market environment for SolarEdge, with both positive earnings results and cautious analyst perspectives.
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