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SolarEdge Technologies (DE:2ED)
FRANKFURT:2ED
RESEARCH TOOLSreports
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2ED Stock Chart & Stats
Day’s Range€0 - €0
52-Week Range€17.30 - €153.20
Previous Close€22.54
Volume130.00
Average Volume (3M)771.00
Market Cap
€1.29B
Enterprise Value€1.31B
Total Cash (Recent Filing)$689.83M
Total Debt (Recent Filing)$714.78M
Price to Earnings (P/E)―
Beta2.13
Next Earnings
Nov 04, 2024EPS Estimate
-€1.32Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)N/A
Shares Outstanding57,299,404
10 Day Avg. Volume397
30 Day Avg. Volume771
Standard DeviationN/A
R-SquaredN/A
AlphaN/A
Financial Highlights & Ratios
Price to Book (P/B)0.71
Price to Sales (P/S)0.94
Price to Cash Flow (P/CF)-8.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.87
Enterprise Value/Gross Profit1.87
Enterprise Value/Ebitda-2.84
Forecast
1Y Price Target
€24.96Price Target Upside10.75% Upside
Rating ConsensusHold
Number of Analyst Covering24
SolarEdge Technologies News
PremiumCompany Announcements
SolarEdge Announces Executive Leadership Restructuring
Bulls Say, Bears Say
Bulls Say
European Market PerformanceSell-through in Europe for inverters, power optimizers, and batteries increased across the board (up 10%) on a sequential basis despite material weakness in the Netherlands.
Product InnovationSolarEdge’s DC-optimized inverters feature a power optimizer paired with each solar panel, effectively turning them into 'smart' panels that can automatically adjust current and voltage to mitigate small manufacturing differences and the impact of shading on panel performance.
US Market GrowthThe US residential market was relatively flat, although sell-through of inverters and power optimizers expanded 32% q/q and battery sell-through grew 55% q/q in the region, catalyzed by sustained demand for battery storage equipment in California and Puerto Rico.
Bears Say
GuidanceGuidance for the third quarter revenue falls below estimates, leading to lowered revenue and gross margin estimates.
Market PerformanceEuropean channels remained sluggish, declining in the Netherlands for a third straight quarter due to continued regulatory scrutiny on solar installations, with no expectation for re-acceleration of growth in the region this year.
Workforce ReductionSolarEdge has reduced its workforce by approximately 23% since the beginning of the year in the face of a challenging market for rooftop solar installations and moderating EV charging unit demand.
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2ED FAQ
What was SolarEdge Technologies’s price range in the past 12 months?
SolarEdge Technologies lowest stock price was €17.30 and its highest was €153.20 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 Nov 04, 2024 which is in 65 days.
How were SolarEdge Technologies’s earnings last quarter?
SolarEdge Technologies released its earnings results on Aug 07, 2024. The company reported -€1.602 earnings per share for the quarter, missing the consensus estimate of -€1.377 by -€0.225.
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 -€1.32.
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 -€1.602 in its last earnings report, missing expectations of -€1.377. Following the earnings report the stock price went down -3.698%.
Which hedge fund is a major shareholder of SolarEdge Technologies?
Among the largest hedge funds holding SolarEdge Technologies’s share is Blackstone Inc.. It holds SolarEdge Technologies’s shares valued at 4M.
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SolarEdge Technologies Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
€24.96 (10.75% Upside)
€24.96 (10.75% Upside)
Blogger Sentiment
Neutral
DE:2ED Sentiment 51%
Sector Average 66%
Sector Average 66%
News Sentiment
Very Bearish
Bullish news 0%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-85.17%
12-Months-Change
Fundamentals
Return on Equity
-22.12%
Trailing 12-Months
Asset Growth
-15.93%
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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2ED Company Deck
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2ED Earnings Call
Q2 2024
0:00 / 0:00
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2ED 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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2ED Stock 12 Month Forecast
Average Price Target
€24.96
▲(10.75% Upside)
Technical Analysis
Best Analysts Covering 2ED
1 Year
1 Year Success Rate
23/37 ratings generated profit
1 Year Average Return
+54.95%
assigned a buy rating 24 days ago
Copying Jeff Osborne's trades and holding each position for 1 Year would result in 62.16% of your transactions generating a profit, with an average return of +54.95% per trade.
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