LG Taps SolarEdge for New Generation of Solar Modules

LG has quietly built a sizable solar manufacturing business that has one of the largest market shares of the U.S. residential solar market. And module efficiencies of up to 21.1% mean the company can generate more electricity from each rooftop than most manufacturers.

That makes LG a perfect partner of SolarEdge's (NASDAQ: SEDG) power optimizer and inverter solutions, which are leaders in the U.S. residential solar market. In an announcement on Tuesday, the companies unveiled plans to sell modules with SolarEdge power optimizers built in. This continues a trend of companies trying to add more components to the modules themselves, moving labor from the roof to the factory floor. This move could lay the groundwork for SolarEdge's strategy in the future.

Image source: Getty Images.

Source: Fool.com