BlackRock raises interest in SolarEdge Technologies to 10.3%
Date
July 15, 2020
Type
M&A Transactions
Subtype
Transaction completed
Countries
(USA) United States of America
Subsectors
Photovoltaic
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US investment management company BlackRock Inc has further increased its interest in the Israeli solar energy technology company SolarEdge Technologies Inc. after it has acquired additional stakes in the company.
BlackRock Inc. now owns 5,111,607 shares of SolarEdge's company stock which represents around 10.3% for an investment deal worth US$175 million.
SolarEdge is engaged in solar power optimization and photovoltaic monitoring solutions industry. The company offers optimizers, inverters, monitoring equipment, tools, and accessories for power harvesting, conversion, and efficiency.
