SolarEdge Technologies Inc (SEDG)

NASDAQ
Currency in USD
14.21
-0.29(-2.00%)
Closed
After Hours
14.20-0.01(-0.07%)
SEDG Scorecard
Full Analysis
Management has been aggressively buying back shares
Fair Value
Day's Range
14.0814.63
52 wk Range
10.2487.98
Key Statistics
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Prev. Close
14.5
Open
14.29
Day's Range
14.08-14.63
52 wk Range
10.24-87.98
Volume
2.84M
Average Volume (3m)
5.45M
1-Year Change
-79.17%
Book Value / Share
16.79
Fair Value
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Fair Value Upside
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SEDG Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
17.81
Upside
+25.36%
Members' Sentiments
Bearish
Bullish
ProTips
Quickly burning through cash
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SolarEdge Technologies Inc Company Profile

SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. The company offers power optimizers, inverters, batteries, storage solutions, electric vehicle chargers, smart tracking solutions, and smart energy management software products; Monitoring platform, a cloud-based monitoring platform, which collects power, voltage, current, and system data sent from inverters and power optimizers; and MySolarEdge app, that enables system owners to track their real-time system production and household energy consumption. It also provides Designer platform, an web-based tool that helps solar professionals to plan, build, and validate residential and commercial systems; Mapper application for registering the physical layout of new PV sites installed with DC optimized inverter systems; SetApp application that activates and configurate inverters; and grid services. in addition, the company offers e-mobility products, automated machines, and UPS products; and pre-sales support, ongoing trainings, and technical support and after installation services. It sells its products through solar installers and distributors, electrical equipment wholesalers, and PV module manufacturers, as well as engineering, procurement, and construction firms. The company was incorporated in 2006 and is headquartered in Herzliya, Israel.

Sector
Energy
Employees
5633

SolarEdge Technologies Inc SWOT Analysis


Market Challenges
Explore SolarEdge's struggle with inventory issues and revenue decline, impacting its market position in the competitive solar energy secto
Strategic Pivot
Delve into SolarEdge's restructuring efforts, including workforce reductions and pricing strategies, aimed at navigating current market headwinds
US Manufacturing Edge
Learn how SolarEdge's focus on US production could leverage tax credits and incentives, potentially boosting profitability and market share
Future Prospects
Analyst targets range from $9 to $56, reflecting mixed views on SolarEdge's ability to overcome challenges and capitalize on long-term solar growth
Read full SWOT analysis

SolarEdge Technologies Inc Earnings Call Summary for Q3/2024

  • Q2 2024 revenue: $265M, solar segment $241M. GAAP gross margin -4.1%. Shipped 2M optimizers, 66K inverters, 128 MWh batteries.
  • New products: silicon carbide inverter, US-made DC-coupled LFP battery. Ramping US production, domestic batteries shipping Q1 2025.
  • Q3 guidance: $260-290M revenue, -3% to 1% non-GAAP gross margin. Targeting $550M quarterly revenue by Q2 2025.
  • Cash position $814M. Inventory to decline to $1.3B by end-2024. Aiming for positive cash flow in H1 2025.
  • US residential growth, especially CA and PR. Channel inventory normalizing by Q3 end. 10% ITC adder for domestic manufacturing.
Last Updated: 08/09/2024, 12:38 AM
Read Full Transcript

Compare SEDG to Peers and Sector

Metrics to compare
SEDG
Peers
Sector
Relationship
P/E Ratio
−0.5x−13.2x11.5x
PEG Ratio
0.00−0.100.01
Price/Book
0.9x2.5x2.4x
Price / LTM Sales
0.8x1.6x2.1x
Upside (Analyst Target)
−5.0%23.6%25.8%
Fair Value Upside
Unlock−8.2%4.6%Unlock

Analyst Ratings

2 Buy
26 Hold
6 Sell
Ratings:
34 analysts
Overall Consensus
Neutral

Analysts 12-Month Price Target:

Average 17.81

(+25.36% Upside)

Earnings

Latest Release
Nov 6, 2024
EPS / Forecast
-15.33 / -1.65
Revenue / Forecast
260.90M / 272.80M
EPS Revisions
Last 90 days

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FAQ

What Is the SolarEdge Technologies Inc (SEDG) Stock Price Today?

The SolarEdge Technologies Inc stock price today is 14.21

What Stock Exchange Does SolarEdge Technologies Inc Trade On?

SolarEdge Technologies Inc is listed and trades on the NASDAQ stock exchange.

What Is the Stock Symbol for SolarEdge Technologies Inc?

The stock symbol for SolarEdge Technologies Inc is "SEDG."

What Is the SolarEdge Technologies Inc Market Cap?

As of today, SolarEdge Technologies Inc market cap is 823.47M.

What is SolarEdge Technologies Inc Earnings Per Share?

The SolarEdge Technologies Inc EPS is -29.08.

What Is the Next SolarEdge Technologies Inc Earnings Date?

SolarEdge Technologies Inc will release its next earnings report on Feb 18, 2025.

From a Technical Analysis Perspective, Is SEDG a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Sell.
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