SolarEdge seeks to raise at least $125m by floating shares on New York’s NASDAQ Stock Exchange.
Unlike the vast majority of PV start-ups launched onto the public markets in recent years, SolarEdge is currently profitable – netting profits of $5.9m during the second half of 2014 on revenues of $140.3m.
SolarEdge’s largest customer is SolarCity, which accounted for 19% of total revenues last year.
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