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SolarEdge Reports $219.5M in Q1 2025 Revenue, Expands U.S. Manufacturing Amid Global Headwinds

Israel-based solar inverter manufacturer SolarEdge posted $219.5 million in revenue for Q1 2025, a 7% year-on-year increase that beat analysts’ expectations by $15.2 million. The U.S. remained the biggest market, contributing 62% of total revenue, followed by Europe (22%) and other international markets (16%). Despite revenue growth, the company reported a net loss of $66.1 million, an improvement over last year's $108.6 million loss.

SolarEdge shipped 1,208 MW of inverters, with a balanced mix of residential and commercial/utility-scale systems. The average selling price per watt dropped 17% to $0.173 due to price pressure in Europe and a shift in product mix. Battery shipments reached 180 MWh, mostly to Europe, with ASP rising slightly to $267/kWh.

CEO Shuki Nir highlighted four strategic priorities: improving finances, regaining market share, boosting innovation, and expanding U.S. manufacturing. SolarEdge now produces 70,000 inverters per quarter in the U.S., creating nearly 2,000 jobs and shipping its first U.S.-sourced commercial products. This helps projects qualify for a 10% domestic content tax credit.

However, new tariffs—145% on Chinese products and 10% on others—pose short-term risks. SolarEdge expects a 2–6% margin impact in 2025 but plans to offset it fully by end-2026. For Q2 2025, revenue is projected at $265–$285 million with 8–12% gross margins.