SolarEdge Technologies, Inc. (SEDG)
| Market Cap | 2.79B |
| Revenue (ttm) | 2.24B |
| Net Income (ttm) | -261.36M |
| Shares Out | 57.30M |
| EPS (ttm) | -4.54 |
| PE Ratio | n/a |
| Forward PE | 113.64 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,344,624 |
| Open | 50.20 |
| Previous Close | 50.52 |
| Day's Range | 48.41 - 50.82 |
| 52-Week Range | 48.65 - 306.98 |
| Beta | 1.52 |
| Analysts | Hold |
| Price Target | 85.94 (+77.53%) |
| Earnings Date | May 8, 2024 |
About SEDG
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. It operates in two segments, Solar and Energy Storage. The Solar segment offers power optimizers, inverters, batteries, storage solutions, electric vehicle chargers, smart tracking solutions, and smart energy management software products; Monitoring platform, a cl... [Read more]
Financial Performance
In 2023, SEDG's revenue was $2.98 billion, a decrease of -4.30% compared to the previous year's $3.11 billion. Earnings were $34.33 million, a decrease of -63.39%.
Financial StatementsAnalyst Forecast
According to 30 analysts, the average rating for SEDG stock is "Hold." The 12-month stock price forecast is $85.94, which is an increase of 77.53% from the latest price.
News
SunPower, SolarEdge, Sunnova stocks jumped: beware of this risk
US solar stocks jumped sharply on Monday as investors cheered the new actions by Joe Biden to increase tariffs on Chinese imports. Sunnova Energy (NOVA) stock jumped by 3.7% while SolarEdge (SEDG) and...
SolarEdge Earnings Show the Industry's Struggles. What Wall Street Is Saying.
The company provided second-quarter revenue guidance below Wall Street estimates.
SolarEdge Announces First Quarter 2024 Financial Results
MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology, today announced its financial results for the first quarter ended March 31, ...
If Nvidia Stock Slips, These 15 Tech Stocks May Be Good Hedges
Should shares of artificial-intelligence bellwether Nvidia slip, researchers suggest First Solar and Check Point Software as offering diversification with exposure to growth.
SolarEdge to Announce Financial Results for the First Quarter Ended March 31, 2024 on Wednesday, May 8, 2024
MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, will report financial results for the first quarter ended Marc...
SolarEdge Announces Compliance with the UK's Cyber Security Regulatory Scheme
MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge announced that its entire product portfolio complies with the UK's Product Security and Telecommunications Infrastructure (PSTI) regulation.
SolarEdge Acquires Wevo Energy, EV Charging Optimization and Management Software Startup
MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge Technologies announces that it has completed the acquisition of the entire share capital of Wevo Energy.
SolarEdge Launches SolarEdge ONE Optimization Solution for Homeowners with a Dynamic Rate Plan in the Netherlands
MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge today announced the introduction of its dynamic rate optimization capability for homeowners with a dynamic rate plan in the Netherlands.
SolarEdge's First Commercial Storage System for PV Applications Now Available for Order in Italy
MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (“SolarEdge” or “the Company”) (NASDAQ: SEDG), a global leader in smart energy technology announced today that the Company's first Comme...
SolarEdge to Invest in German Software Start-Up Aiming to Decarbonize the Multi-Dwelling Sector
MILPITAS, Calif. & MUNICH--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, today announced that it has signed an agreement to in...
SolarEdge shares fall on weak guidance and high inventory
CNBC's Pippa Stevens reports on SolarEdge's quarterly earnings results.
SolarEdge Stock Dives After Earnings Miss, Weak Sales Guidance—Key Price Level to Monitor
SolarEdge Technologies (SEDG) shares slumped more than 20% ahead of Wednesday's opening bell after the company announced quarterly earnings that fell short of Wall Street's estimates and provided weak...
SolarEdge Stock Tumbles After Earnings. The Outlook Is Getting Gloomier.
Higher interest rates have had a big impact on demand, so the prospect of the Federal Reserve waiting longer before cutting rates further clouds the sector's outlook.
SolarEdge's stock plummets 14% as company becomes latest poster child for solar industry's problems
Shares of SolarEdge Technologies Inc. dropped more than 14% in the extended session Tuesday after the maker of inverters and other solar-power equipment reported quarterly sales that fell more than 60...
SolarEdge tumbles 18% on weak first quarter guidance
SolarEdge tumbles 18% on weak first quarter guidance
SolarEdge Announces Fourth Quarter 2023 and Full Year 2023 Financial Results
MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology, today announced its financial results for the fourth quarter ended December ...
SolarEdge Announces First U.S. Installation of Newly UL1741 Certified Optimized Ground-Mount 330kW Inverter in California
MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, today announced that its new high-power DC-optimized SolarEdge...
SolarEdge to Announce Financial Results for the Fourth Quarter and Year Ended December 31, 2023 on Tuesday, February 20, 2024
MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, will report financial results for the fourth quarter and the f...
SolarEdge, a solar inverter manufacturer, lays off 16% of its workforce
SolarEdge will shed about 16% of its workers in newly announced layoffs. The cuts will occur over the first six months of the year, according to the company.
Solar Stocks Surge as SolarEdge Lays Off 16% of Its Staff to Cut Costs
SolarEdge Technologies (SEDG) shares gained over 3% in intraday trading Monday after the maker of solar power equipment said it would slash its workforce to cut costs as demand slumps. Shares of other...
SolarEdge Leads Solar Stocks Higher as Company Announces Sweeping Layoffs
Solaredge is cutting 16% of its workforce as the company faces pressure to reduce costs.
SolarEdge to lay off 16% of its workforce as part of cost-cutting plan
SolarEdge Technologies Inc. on Sunday said it will lay off about 16% of its workforce, about 900 employees, as part of a restructuring to slash operating costs.
SolarEdge to lay off 16% of workforce to trim operating costs
SolarEdge Technologies said on Sunday that it would lay off about 16% of its global workforce as it tries to reduce operating costs.
SolarEdge Announces a Global Workforce Reduction
MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, announced today a restructuring plan that includes workforce r...
SolarEdge sees moderate growth in U.S. solar industry this year
The U.S. solar industry will experience modest growth in 2024, as electricity prices decline and support from the Inflation Reduction Act (IRA) rolls in, SolarEdge Chief Financial Officer Ronen Faier ...