SolarEdge Technologies, Inc. (SEDG)

NASDAQ: SEDG · IEX Real-Time Price · USD
24.25
+0.28 (1.17%)
At close: Jul 2, 2024, 4:00 PM
24.48
+0.23 (0.95%)
After-hours: Jul 2, 2024, 7:59 PM EDT
1.17%
Market Cap 1.39B
Revenue (ttm) 2.24B
Net Income (ttm) -261.36M
Shares Out 57.30M
EPS (ttm) -4.54
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 5,236,198
Open 24.22
Previous Close 23.97
Day's Range 23.51 - 25.04
52-Week Range 23.51 - 288.87
Beta 1.61
Analysts Hold
Price Target 77.29 (+218.72%)
Earnings Date Jul 30, 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]

Industry Solar
Sector Technology
IPO Date Mar 26, 2015
Employees 5,633
Stock Exchange NASDAQ
Ticker Symbol SEDG
Full Company Profile

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 Statements

Analyst Forecast

According to 30 analysts, the average rating for SEDG stock is "Hold." The 12-month stock price forecast is $77.29, which is an increase of 218.72% from the latest price.

Price Target
$77.29
(218.72% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Rutgers University Selects SolarEdge Technologies for Its Agrivoltaics Research and to Assist the Development of the New Jersey's Dual-Use Solar Energy Pilot Program

MILPITAS, Calif.--(BUSINESS WIRE)--Rutgers University Selects SolarEdge for its Agrivoltaics Research and to assist the development of the New Jersey Dual-Use Solar Energy Pilot Program.

1 day ago - Business Wire

SolarEdge Announces Appointment of New Chief Marketing Officer

MILPITAS, Calif. & HERZLIYA, Israel--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (“SolarEdge” or the “Company”) (Nasdaq: SEDG), a global leader in smart energy technology, announced today the appoin...

5 days ago - Business Wire

SolarEdge Technologies, Inc. Announces Pricing of Private Offering of $300 Million of 2.25% Convertible Senior Notes due 2029

MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (Nasdaq: SEDG) (“SolarEdge”) today announced the pricing of $300 million aggregate principal amount of 2.25% Convertible Senior Notes du...

6 days ago - Business Wire

SolarEdge (SEDG) Owed $11.4M by Bankrupt PM&M

SolarEdge (SEDG) shares fall to a 52-week low after a customer PM&M Electric filed for Bankruptcy. George Tsilis discusses this as JPMorgan cuts the stock's price target.

7 days ago - Schwab Network

SolarEdge Technologies Stock Plunges on Customer Bankruptcy

SolarEdge Technologies (SEDG) shares cratered Tuesday, a day after the solar power equipment maker announced that one of its customers has filed for Chapter 7 bankruptcy and likely won't be able to pa...

7 days ago - Investopedia

SolarEdge stock plunge: Bargain buy or falling knife?

SolarEdge Technologies (NASDAQ: SEDG) is making headlines today with two significant pieces of news that have sent shockwaves through the market. The company announced plans for a private placement of...

7 days ago - Invezz

SolarEdge Stock Tumbles After Customer Files for Bankruptcy. It Has More Bad News.

PM&M Electric owes the solar panel company $11.4 million.

7 days ago - Barrons

Pool Lowers FY24 EPS Forecast, Joins SolarEdge Technologies, Spirit AeroSystems And Other Big Stocks Moving Lower In Tuesday'S Pre-Market Session

U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 80 points on Tuesday.

Other symbols: SPR
7 days ago - Benzinga

SolarEdge Technologies, Inc. Announces Proposed Private Offering of $300 million of Convertible Senior Notes

MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (Nasdaq: SEDG) (“SolarEdge”) today announced its intention to offer, subject to market conditions and other factors, $300 million aggreg...

8 days ago - Business Wire

Intersolar 2024: SolarEdge Launches New Powerful Solution for Small-Medium Utility Scale and Dual-Use Solar Segment in Germany

MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, today announces the German launch of its high-power SolarEdge ...

12 days ago - Business Wire

SolarEdge Unveils Next Generation Residential Solar+Storage Portfolio at Intersolar 2024

MUNICH & MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, today unveiled at Intersolar 2024 its next-generation...

13 days ago - Business Wire

SolarEdge Announces Plans for Global Rollout of its First-of-a-Kind Energy Optimization Software Platform for Commercial and Industrial Applications

MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge announces the global rollout of a new software-based energy optimization platform for commercial & industrial solar applications.

15 days ago - Business Wire

SolarEdge Announces Appointment of New SVP Finance and CFO Transition Plan

MILPITAS, Calif. & HERZLIYA, Israel--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (“SolarEdge” or the “Company”) (Nasdaq: SEDG), a global leader in smart energy technology, announced today the appoin...

22 days ago - Business Wire

SolarEdge Announces Availability of SolarEdge ONE Optimization Solution for Homeowners with a Dynamic Rate Plan in Germany

MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, today announced the introduction of its dynamic rate optimizat...

4 weeks ago - Business Wire

SolarEdge's Annual Sustainability Report Highlights 40M Metric Tons of CO2e Avoided Annually Through Usage of its Solar Solutions

MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (“SolarEdge” or the “Company”) (NASDAQ: SEDG), a global leader in smart energy technology, today announced the release of its 2023 Susta...

6 weeks ago - Business Wire

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...

Other symbols: NOVASPWR
7 weeks ago - Invezz

SolarEdge Earnings Show the Industry's Struggles. What Wall Street Is Saying.

The company provided second-quarter revenue guidance below Wall Street estimates.

7 weeks ago - Barrons

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, ...

7 weeks ago - Business Wire

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.

2 months ago - Barrons

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...

2 months ago - Business Wire

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.

2 months ago - Business Wire

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.

3 months ago - Business Wire

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.

3 months ago - Business Wire

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...

3 months ago - Business Wire

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...

4 months ago - Business Wire