Connect with us

Hi, what are you looking for?

Jewish Business News


SolarEdge Has Biggest Market Cap on Wall St. for Any Israeli Company

Observers say that all alternative energy companies are going to do well in 2021.

Solar Edge Facility in America (

Israeli energy company SolarEdge is now the country’s most valuable publicly traded firm. The producer of alternative energy resources now has a market cap is higher than any other Israeli firm offered on a New York exchange.

Globes reports that SolarEdge (Nasdaq: SEDG) now has a market cap of $17.8 billion, more than the $17.7 billion held by Israel’s long time biggest company the cybersecurity firm Check Point (Nasdaq: CHKP). Check Point was one of the earliest major exits for Startup Nation when it held its IPO back in 1996.

It also surpassed healthcare company NovoCure (Nasdaq: NVCR) which has a market cap of about $16.8 billion. Its stock is currently trading at about 165. Nice Systems is the only other Israeli firm with a market cap above $15billion.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

SolarEdge’s stock went up 9.9% on Wednesday alone. It and other alternative energies companies are booming right now in part because of the election of Joe Biden as President of the United States. He is expected to return to a promotion of alternative power development like solar energy as was the policy of the last Democratic President Barack Obama.

And with the official declaration of the final results of yesterday’s Georgia Senate runoff elections, the Democrats will now control both houses of the U.S. Congress. Both seats were taken by democrats and the party supports the promotion of alternative energies.

Founded in 2006, SolarEdge is a global leader in smart energy technology. The company states that it creates smart energy solutions that “power our lives and drive future progress.”

SolarEdge developed the DC optimized inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge intelligent inverter solution maximizes power generation while lowering the cost of energy produced by the PV system, for improved RoI.

The company says that it addresses a broad range of energy market segments through its diversified product offering, including residential, commercial and large scale PV, battery storage and backup solutions, EV charging, home energy management, grid services and virtual power plants, and uninterrupted power supply (UPS) solutions.

The Motley Fool recently explained why SolarEdge has surged. For one, the stimulus package passed last year by the Congress offered a renewal of the investment tax credit (ITC) for solar power. Solar projects that begin construction in 2020 through 2022 are eligible for a 26% ITC.

In December JPMorgan and Piper Sandler both raised their expectations for the company’s stock by a third setting its price target to as high as $325 per share. This led to SolarEdge stock soaring by 17% while at the same time the S&P 500 composite rose by only 2%.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.