SolarEdge Technologies (SEDG) IPO Opens Up 11%

Today's IPO for SolarEdge Technologies (NASDAQ: SEDG) opened for trading at $20.03 after pricing 7,000,000 shares of its common stock at a price to the public of $18.00 per share.

Goldman, Sachs & Co. and Deutsche Bank Securities Inc. are acting as joint book-running managers for the offering. Needham & Company, Canaccord Genuity Inc. and Roth Capital Partners are acting as co-managers.

SolarEdge provides an intelligent inverter solution that has changed the way power is harvested and managed in solar photovoltaic systems. The SolarEdge DC optimized inverter system maximizes power generation at the individual PV module-level while lowering the cost of energy produced by the solar PV system. The SolarEdge system consists of power optimizers, inverters and a cloud-based monitoring platform and addresses a broad range of solar market segments, from residential solar installations to commercial and small utility-scale solar installations.

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