Report: SolarEdge is now worth over $2 billion

SolarEdge tripled its market cap in 2017.

The company’s stock pricing has continued its upward path, climbing 3.2 percent on Nasdaq to a record $47.45 and pushing the Herzliya-based company’s market cap above the $2 billion mark.

This, only three years after SolarEdge held its IPO at a company value of $685 million.

SolarEdge develops and manufactures solar energy optimization and monitoring systems.

The company’s system facilitates better utilization of energy in solar collectors by optimizing the functioning of each one of the collectors, while providing real-time information about their output.

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