Latest news with #Flex
Yahoo
a day ago
- Business
- Yahoo
SolarEdge Reaches Key Milestone at Austin, Texas Manufacturing Site, Driving Local Job Growth and U.S. Energy Independence with Flex
Governor Greg Abbott Declares June 2, 2025, "SolarEdge-Flex Manufacturing Milestone Day" to honor impact of partnership MILPITAS, Calif., June 02, 2025--(BUSINESS WIRE)--SolarEdge Technologies Inc. (NASDAQ: SEDG), a global leader in smart energy technology, today announced a landmark achievement in its U.S. manufacturing operations: the production of its 250,000th solar inverter at the Flex (NASDAQ: FLEX) facility in Austin, Texas. The milestone marks a pivotal moment in SolarEdge's strategic initiative to bolster domestic manufacturing, energy resilience, and job creation nationwide. In recognition of this achievement, Texas Governor Greg Abbott has officially proclaimed June 2, 2025, as "SolarEdge-Flex Manufacturing Milestone Day." This declaration honors the significant economic, environmental, and technological impact of the SolarEdge-Flex partnership in the Lone Star State. "Texas leads the nation in advanced manufacturing and energy innovation," said Governor Abbott. "The collaboration between SolarEdge and Flex reinforces our state's position as the energy capital of the world. These innovative companies help create good-paying jobs, drive economic growth, and meet growing energy demands with products proudly made in Texas." SolarEdge has onshored its manufacturing and other operations, and has partnered with Flex, a global manufacturing leader headquartered in Austin, to build a robust domestic supply chain. The Austin facility has now produced a quarter of a million inverters used in rooftop solar installations across the U.S., which will soon join the SolarEdge products that have already been deployed on over 3.7 million homes and by more than half of Fortune 100 companies. "This milestone is a testament to the power of American manufacturing," said Marty Rogers, General Manager, SolarEdge. "Together with Flex, we are expanding industrial capabilities within the region and deploying advanced manufacturing technologies to meet growing demand, all while reinforcing the reliability and resilience of the U.S. energy grid." Key Impacts of the Austin, TX manufacturing site: 250,000 solar inverters produced Over 1,000 high-quality jobs created in Texas Strengthens supply reliability and access to American-manufactured products for SolarEdge's' customer base of installers across the U.S. Advanced manufacturing technologies, including automation and robotics, deployed for efficient, high-quality production Strengthened U.S. energy infrastructure, reducing reliance on foreign components "Flex's partnership with SolarEdge highlights our shared commitment to delivering innovation to market with speed, resilience, and quality to support U.S. energy needs," said Dennis Kirkpatrick, President of the Lifestyle, Consumer, and Core Industrial Businesses at Flex. "We thank SolarEdge for leveraging Flex's expansive U.S. footprint and trusting us to rapidly scale domestic production of their solar inverters in Texas." As demand for clean, reliable energy continues to surge, SolarEdge and Flex are paving the way for future innovation and investment in domestic solar technologies while amplifying Texas' role as a cornerstone of America's clean energy economy. About SolarEdge SolarEdge is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power our lives and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, and grid services solutions. SolarEdge is online at About Flex Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps a diverse customer base design and build products that improve the world. Through the collective strength of a global workforce across 30 countries and responsible, sustainable operations, Flex delivers technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets. View source version on Contacts Press ContactsLily Salkin, Head of Public Investor ContactJB Lowe, Head of Investor Relationsinvestors@ Global Government Affairs ContactLiz Reicherts, Global Head of Government Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Wire
a day ago
- Business
- Business Wire
SolarEdge Reaches Key Milestone at Austin, Texas Manufacturing Site, Driving Local Job Growth and U.S. Energy Independence with Flex
MILPITAS, Calif.--(BUSINESS WIRE)-- SolarEdge Technologies Inc. (NASDAQ: SEDG), a global leader in smart energy technology, today announced a landmark achievement in its U.S. manufacturing operations: the production of its 250,000th solar inverter at the Flex (NASDAQ: FLEX) facility in Austin, Texas. The milestone marks a pivotal moment in SolarEdge's strategic initiative to bolster domestic manufacturing, energy resilience, and job creation nationwide. In recognition of this achievement, Texas Governor Greg Abbott has officially proclaimed June 2, 2025, as 'SolarEdge-Flex Manufacturing Milestone Day.' This declaration honors the significant economic, environmental, and technological impact of the SolarEdge-Flex partnership in the Lone Star State. 'Texas leads the nation in advanced manufacturing and energy innovation,' said Governor Abbott. 'The collaboration between SolarEdge and Flex reinforces our state's position as the energy capital of the world. These innovative companies help create good-paying jobs, drive economic growth, and meet growing energy demands with products proudly made in Texas.' SolarEdge has onshored its manufacturing and other operations, and has partnered with Flex, a global manufacturing leader headquartered in Austin, to build a robust domestic supply chain. The Austin facility has now produced a quarter of a million inverters used in rooftop solar installations across the U.S., which will soon join the SolarEdge products that have already been deployed on over 3.7 million homes and by more than half of Fortune 100 companies. 'This milestone is a testament to the power of American manufacturing,' said Marty Rogers, General Manager, SolarEdge. 'Together with Flex, we are expanding industrial capabilities within the region and deploying advanced manufacturing technologies to meet growing demand, all while reinforcing the reliability and resilience of the U.S. energy grid.' Key Impacts of the Austin, TX manufacturing site: 250,000 solar inverters produced Over 1,000 high-quality jobs created in Texas Strengthens supply reliability and access to American-manufactured products for SolarEdge's' customer base of installers across the U.S. Advanced manufacturing technologies, including automation and robotics, deployed for efficient, high-quality production Strengthened U.S. energy infrastructure, reducing reliance on foreign components "Flex's partnership with SolarEdge highlights our shared commitment to delivering innovation to market with speed, resilience, and quality to support U.S. energy needs,' said Dennis Kirkpatrick, President of the Lifestyle, Consumer, and Core Industrial Businesses at Flex. 'We thank SolarEdge for leveraging Flex's expansive U.S. footprint and trusting us to rapidly scale domestic production of their solar inverters in Texas.' As demand for clean, reliable energy continues to surge, SolarEdge and Flex are paving the way for future innovation and investment in domestic solar technologies while amplifying Texas' role as a cornerstone of America's clean energy economy. About SolarEdge SolarEdge is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power our lives and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, and grid services solutions. SolarEdge is online at About Flex Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps a diverse customer base design and build products that improve the world. Through the collective strength of a global workforce across 30 countries and responsible, sustainable operations, Flex delivers technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets.
Yahoo
3 days ago
- Business
- Yahoo
Flex to Participate in Upcoming Investor Conference
AUSTIN, Texas, May 31, 2025 /PRNewswire/ -- Flex (NASDAQ: FLEX) has announced members of its leadership team will participate in the upcoming investor conference: Bank of America 2025 Global Technology Conference Date: June 4, 2025Presentation time: 1:20pm PT / 4:20pm ET The presentation will be available as a live webcast accessible through the Flex Investor Relations website at An archived replay will be available on the website shortly after the conclusion of the presentation. About Flex Ltd. Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps a diverse customer base design and build products that improve the world. Through the collective strength of a global workforce across 30 countries and responsible, sustainable operations, Flex delivers technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets. Media, Investors & AnalystsMichelle SimmonsSenior Vice President, Investor and Public Relations(669) View original content to download multimedia: SOURCE Flex Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Should You Buy CrowdStrike Stock Before June 3?
CrowdStrike has become one of the world's largest cybersecurity companies thanks to its Falcon platform. However, revenue growth is decelerating as the business matures, which might put its lofty valuation at risk. 10 stocks we like better than CrowdStrike › On June 3, CrowdStrike (NASDAQ: CRWD) will report results for its fiscal 2026's first quarter, which ended on April 30. The cybersecurity giant is hoping to put its fiscal 2025 firmly in the rear-view mirror, as the year was marred by a devastating gaffe -- the flawed software update it released on July 19 that crashed around 8.5 million Windows computers run by its clients, disrupting the operations of banks, airlines, healthcare providers and more. That incident took a near-term toll on CrowdStrike's business, but management's latest guidance suggests that it won't suffer any lingering long-term effects. That's great news because the digital landscape is growing increasingly dangerous, so cybersecurity providers like CrowdStrike have enormous opportunities in front of them. CrowdStrike's flagship Falcon platform is one of the only all-in-one solutions in the industry. It makes it easy for businesses of all sizes to protect cloud networks, employee identities, endpoints, and more. But should investors buy CrowdStrike stock ahead of its June 3 report? Historically, the cybersecurity industry was fragmented -- the various providers specialized in specific product segments, which meant businesses had to piece their security stacks together from multiple vendors. As a result, achieving adequate protection was often expensive and complicated, which helps explain why CrowdStrike's Falcon platform has become so popular. Falcon features 29 different modules (products), but businesses can pick and choose which ones they want, so they can create a custom solution that's suited to them. During its fiscal 2025 fourth quarter (which ended Jan. 31), 67% of CrowdStrike's customers were using at least five modules, which was a record-high percentage. But CrowdStrike launched a new subscription option in late 2023 called Falcon Flex that allows businesses to reallocate their budgets to different modules as their needs change during their contract periods. As a result, Flex subscribers try an average of nine modules each. These introductions to products they might not have selected initially could lead to clients spending more money with CrowdStrike over the long term. Artificial intelligence (AI) is the secret behind Falcon's success. Its goal is to automate as many threat detection and incident response processes as possible. The company's AI models are trained on new security incidents each day, so they are constantly learning and improving, allowing Falcon to seamlessly operate in the background to protect customers. But CrowdStrike also developed Charlotte AI, a powerful virtual assistant that's embedded into Falcon. It's especially useful for larger organizations with complex digital environments, and saves cybersecurity managers over 40 hours per week (on average) by autonomously filtering alerts and only surfacing incidents that actually need attention. CrowdStrike's quarterly revenue growth has steadily decelerated over the last few years. The company is maturing, and its revenue base has become so large that it's difficult to maintain lightning-fast growth. The July 19 global IT outage -- which was triggered by a flawed Falcon software update -- certainly didn't help. Management said most of its prospective new customers remained in its sales pipeline, but many of them decided to delay signing their deals. Plus, the company offered "customer commitment packages" that included discounted Falcon Flex subscriptions to its many affected clients. Those packages have been a headwind to the cybersecurity giant's revenue growth recently, but they likely have increased the odds that those customers will stick with Falcon for the long term. In fact, management said the packages have accelerated the adoption of its Flex subscriptions, so CrowdStrike could earn back what those discounts and incentives cost it over time. Nevertheless, revenue growth is expected to continue trending down on a percentage basis for now. CrowdStrike's guidance for the fiscal 2026 first quarter was for $1.1 billion in revenue, which would be a year-over-year increase of just 20%. However, it's important to note that management has maintained its long-standing outlook that it will reach $10 billion in annual recurring revenue by fiscal 2031, up from $4.2 billion today. CrowdStrike stock isn't cheap right now. It's trading at a price-to-sales (P/S) ratio of 28.6, which is a steep premium to its main competitors in the cybersecurity industry. In the past, CrowdStrike has thoroughly deserved its premium valuation because it was growing its revenue so much faster than its peers. However, Palo Alto Networks, Zscaler, and SentinelOne grew their revenue by 15%, 23%, and 29%, respectively, in their most recent quarters. Therefore, CrowdStrike no longer has a clear edge in that department, so investors would be right to call its valuation into question. With that said, if the company does grow its annual recurring revenue by 135% to $10 billion by fiscal 2031, its stock might actually be cheap right now for investors who are willing to hold it for the next five or six years. But that long-term outlook is key, because there is no guarantee the stock will deliver positive returns over the next one or two years given its lofty valuation. As a result, the answer to the question of whether investors should buy CrowdStrike stock before June 3 depends entirely on their ability and willingness to hold it for the long run. Short-term traders should probably stay away for now. Before you buy stock in CrowdStrike, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and CrowdStrike wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,389!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $830,492!* Now, it's worth noting Stock Advisor's total average return is 982% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Anthony Di Pizio has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends CrowdStrike and Zscaler. The Motley Fool recommends Palo Alto Networks. The Motley Fool has a disclosure policy. Should You Buy CrowdStrike Stock Before June 3? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
Engine Customers Save Over $200M with Flex and FlexPro — Now, the Platform Brings That Same Flexibility to Flights
Engine's industry-leading Flex offerings are transforming business travel for SMBs, helping them recoup millions in travel spend and plan with confidence. DENVER, May 22, 2025--(BUSINESS WIRE)--Engine, the modern business and group travel platform trusted by more than 900,000 travelers, announced today that its customers have collectively saved over $202 million through its Flex and FlexPro offerings — purpose-built to help small and medium-sized businesses (SMBs) adapt to the unpredictability of business travel. According to a survey of business travelers conducted by Engine, 93% report they expect plans to change within a week of scheduled travel more than half the time, making last-minute travel changes a top-ranked challenge. Businesses also have their own unique needs, including large room blocks for events, undefined travel timelines, shifting plans and even hotels that allow large vehicle parking for trucking professionals. The hassle of traditional travel insurance doesn't cut it and Engine saw this gap as a need to provide greater flexibility to business travelers of all types. Flex and FlexPro give travelers and companies the ability to cancel hotel bookings for any reason and receive instant Engine credit, helping them avoid sunk costs and better manage shifting timelines, fluctuating budgets, and evolving team needs. Since launching FlexPro, a company-wide subscription that offers built-in trip flexibility for all employees, customers have applied the feature to more than $1 billion in travel spend. "Flex has become one of the most valuable tools for our customers," said Adam Tornquist, Sr. Director of Product at Engine. "When plans change — and for SMBs, they often do — our customers know they're covered. They're saving real money and gaining the flexibility to keep business moving." In 2024 alone, over 40% of all Engine bookings included Flex or FlexPro, and those bookings accounted for 70% of total customer spend — a strong signal of the value that flexibility delivers to modern businesses. Building on this momentum, Engine is now extending its flexibility offering to air travel with the launch of Flex for Flights. The new feature allows customers to cancel even non-refundable flights up to two hours before departure, for any reason, and receive instant Engine travel credit — eliminating the need to file claims or wait weeks for a refund. "Traditional travel insurance just isn't designed for how SMBs operate," Tornquist added. "With Flex for Flights, we're continuing to level the playing field — giving growing companies the same tools and agility as large enterprises." About Engine Engine is the free-to-use, modern travel platform for booking and managing trips. It saves businesses time and money through an intuitive travel network that connects to nearly every hotel, airline and car rental company in the U.S. - all without contracts, minimum spends, or agent-assist fees. It offers single invoice billing, the flexibility to modify trips at any time without sunk costs and a unified view of all company travel and spend. Customers rely on Engine to not only make travel easier to manage, but to make it enjoyable for everyone involved. The company is backed by Telescope Partners, Blackstone, Elefund and Permira. Learn more at View source version on Contacts Media Contacts Good PR for Enginepress@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
