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SolarEdge Technologies (SEDG)
NASDAQ:SEDG
SolarEdge Technologies (SEDG) Stock Price & Analysis
4,898 Followers
SEDG Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$48.41 - $306.86
Previous Close$48.41
Volume998.05K
Average Volume (3M)2.21M
Market Cap
$2.80B
Enterprise Value$2.63B
Total Cash (Recent Filing)$860.04M
Total Debt (Recent Filing)$714.34M
Price to Earnings (P/E)-10.4
Beta1.94
Next Earnings
Jul 30, 2024EPS Estimate
-$1.46Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-4.66
Shares Outstanding57,299,404
10 Day Avg. Volume2,837,779
30 Day Avg. Volume2,207,065
Standard Deviation0.18
R-Squared0.21
Alpha0.00505
Financial Highlights & Ratios
Price to Book (P/B)1.19
Price to Sales (P/S)0.93
Price to Cash Flow (P/CF)-5.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.88
Enterprise Value/Gross Profit3.73
Enterprise Value/Ebitda18.81
Forecast
1Y Price Target
$68.14Price Target Upside39.52% Upside
Rating ConsensusHold
Number of Analyst Covering26
SolarEdge Technologies News
Bulls Say, Bears Say
Bulls Say
Financial OutlookAnalyst maintains a Buy rating, citing expectations of revenue growth and gross margin recovery, signaling confidence in the company's financial prospects.
Product DemandHome battery sales in the US surged, highlighting strong demand in California and Puerto Rico, showcasing the company's growing market presence.
Strategic AcquisitionsSolarEdge's acquisition of Wevo Energy, a developer of EV charging management software, aligns with its strategy to expand its EV charger and battery business.
Bears Say
Inventory And Sales ChallengesProjecting inventories to normalize by Q4'24 with an estimated $560MM of excess inventory as of Q1'24.
Pricing Strategy RisksCompetitive pressures in Europe may lead to additional price concessions, potentially impacting gross margins.
Profitability ConcernsMargins tied to high-cost cell inventory won't improve until at least 2025, creating a long-term drag on profitability.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
SEDG FAQ
What was SolarEdge Technologies’s price range in the past 12 months?
SolarEdge Technologies lowest stock price was $48.41 and its highest was $306.86 in the past 12 months.
What is SolarEdge Technologies’s market cap?
Currently, no data Available
When is SolarEdge Technologies’s upcoming earnings report date?
SolarEdge Technologies’s upcoming earnings report date is Jul 30, 2024 which is in 71 days.
How were SolarEdge Technologies’s earnings last quarter?
SolarEdge Technologies released its earnings results on May 08, 2024. The company reported -$1.9 earnings per share for the quarter, missing the consensus estimate of -$1.553 by -$0.347.
Is SolarEdge Technologies overvalued?
According to Wall Street analysts SolarEdge Technologies’s price is currently Undervalued.
Does SolarEdge Technologies pay dividends?
SolarEdge Technologies does not currently pay dividends.
What is SolarEdge Technologies’s EPS estimate?
SolarEdge Technologies’s EPS estimate is -$1.46.
How many shares outstanding does SolarEdge Technologies have?
SolarEdge Technologies has 57,299,404 shares outstanding.
What happened to SolarEdge Technologies’s price movement after its last earnings report?
SolarEdge Technologies reported an EPS of -$1.9 in its last earnings report, missing expectations of -$1.553. Following the earnings report the stock price went down -8.48%.
Which hedge fund is a major shareholder of SolarEdge Technologies?
Among the largest hedge funds holding SolarEdge Technologies’s share is North Growth Management Ltd.. It holds SolarEdge Technologies’s shares valued at 6M.
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SolarEdge Technologies Stock Smart Score
Underperform
1
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3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$68.14 (39.52% Upside)
$68.14 (39.52% Upside)
Blogger Sentiment
Bullish
SEDG Sentiment 63%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 679.0K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $474.3K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.3%
Last 30 Days ▼ 2.6%
Last 30 Days ▼ 2.6%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-84.02%
12-Months-Change
Fundamentals
Return on Equity
-11.38%
Trailing 12-Months
Asset Growth
-7.33%
Trailing 12-Months
Company Description
SolarEdge Technologies
SolarEdge Technologies, Inc. engages in the operation of inverter solution for the harvesting and managing of photovoltaic solar power. The company's products include power optimizer, inverter and monitoring portal. It offers residential solutions, commercial solutions, and grid services. The company was founded by Guy Sella, Lior Handelsman, Yoav Galin, Meir Adest and Amir Fishelov in 2006 and is headquartered in Hod HaSharon, Israel.
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SEDG Company Deck
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SEDG Earnings Call
Q1 2024
0:00 / 0:00
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SEDG Revenue Breakdown
46.16% Inverters
30.32% Optimizers
12.71% Residential batteries
2.30% e-Mobility components and telematics
8.51% Other
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SEDG Stock 12 Month Forecast
Average Price Target
$68.14
▲(39.52% Upside)
Technical Analysis
Best Analysts Covering SEDG
1 Year
1 Year Success Rate
23/39 ratings generated profit
1 Year Average Return
+55.07%
reiterated a buy rating 12 days ago
Copying Jeff Osborne's trades and holding each position for 1 Year would result in 58.97% of your transactions generating a profit, with an average return of +55.07% per trade.
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