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Solaredge Technologies Inc Stock Research

SEDG

284.52USD-7.02(-2.41%)Market Closed

Market Summary

USD284.52-7.02
Market Closed
-2.41%

SEDG Alerts

SEDG Stock Price

SEDG RSI Chart

SEDG Valuation

Market Cap

16.0B

Price/Earnings (Trailing)

170.31

Price/Sales (Trailing)

5.13

EV/EBITDA

69.75

Price/Free Cashflow

-115.68

SEDG Price/Sales (Trailing)

SEDG Profitability

Operating Margin

27.16%

EBT Margin

5.70%

Return on Equity

4.31%

Return on Assets

2.2%

Free Cashflow Yield

-0.86%

SEDG Fundamentals

SEDG Revenue

Revenue (TTM)

3.1B

Revenue Y/Y

61.38%

Revenue Q/Q

6.45%

SEDG Earnings

Earnings (TTM)

93.8M

Earnings Y/Y

-49.14%

Earnings Q/Q

-15.82%

Price Action

52 Week Range

190.15375.90
(Low)(High)

Last 7 days

-0.4%

Last 30 days

-3.8%

Last 90 days

-8.3%

Trailing 12 Months

-15.8%

SEDG Financial Health

Current Ratio

3.26

SEDG Investor Care

Shares Dilution (1Y)

6.28%

Diluted EPS (TTM)

1.65

Peers (Alternatives to Solaredge Tech)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
NVDA
660.4B
27.0B
 29.03% -4.80%
151.18
24.48
 0.22% -55.21%
AVGO
265.3B
34.4B
 10.41% 2.40%
23.08
7.71
 20.74% 70.65%
TXN
163.9B
20.0B
 5.72% -0.46%
18.73
8.18
 9.18% 12.61%
AMD
157.9B
23.6B
 27.86% -18.73%
119.62
6.69
 43.61% -58.25%
INTC
121.5B
63.1B
 15.27% -41.31%
15.16
1.93
 -20.21% -59.66%
FSLR
22.5B
2.6B
 29.03% 165.43%
-509.56
8.59
 -10.40% -109.42%
LSCC
12.4B
660.4M
 10.18% 42.15%
69.58
18.85
 28.14% 86.49%
MID-CAP
AMKR
6.3B
7.1B
 0.71% 7.91%
8.21
0.89
 15.53% 19.10%
POWI
4.7B
651.1M
 2.26% -14.49%
27.78
7.29
 -7.41% 3.92%
SMALL-CAP
ICHR
873.4M
1.3B
 -7.86% -17.34%
12
0.68
 16.70% 2.69%
SGH
786.5M
1.8B
 -3.86% -39.94%
15.11
0.43
 8.07% 32.37%
AOSL
713.1M
794.4M
 -3.22% -60.64%
9.01
0.9
 9.29% -82.10%
CEVA
673.0M
134.6M
 -8.75% -28.31%
-29.03
5
 9.73% -5954.29%
MX
399.2M
337.7M
 -4.71% -47.85%
-49.68
1.18
 -28.80% -114.17%

Financials for Solaredge Tech

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue12.2%3,1102,7712,4612,2131,964
Gross Profit13.5%845744695668629
Operating Expenses27.6%679532500454422
  S&GA Expenses6.3%160150137127119
  R&D Expenses5.3%290275261239220
EBITDA9.9%218198197226-
EBITDA Margin-2.1%0.07*0.07*0.08*0.10*-
Earnings Before Taxes10.2%177161162195187
EBT Margin-1.8%0.06*0.06*0.07*0.09*-
Interest Expenses-0.00----
Net Income-17.7%94.00114142172169
Net Income Margin-26.6%0.03*0.04*0.06*0.08*-
Free Cahsflow19.1%-138-170-110-140-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets9.3%4,2663,9043,7733,6832,901
  Current Assets18.3%2,9002,4522,2842,4621,711
    Cash Equivalents15.4%7836787461,003530
  Inventory29.9%729561470433380
  Net PPE10.7%544491489474410
  Goodwill-71.3%31.00109116127130
  Current Liabilities28.1%890694612569525
Shareholder's Equity6.1%2,1762,0522,0282,0111,310
  Retained Earnings2.9%744723698683650
  Additional Paid-In Capital3.3%1,5061,4571,4191,373687
Shares Outstanding0.4%56.0056.0056.0055.0053.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations227.2%31.0010.0066.0027.00214
  Share Based Compensation6.9%146136127114103
Cashflow From Investing10.7%-417-466-474-345-484
Cashflow From Financing0.5%655651654639-15.18

Risks for SEDG

What is the probability of a big loss on SEDG?

85.4%

Probability that Solaredge Tech stock will be more than 20% underwater in next one year

80.4%

Probability that Solaredge Tech stock will be more than 30% underwater in next one year.

55.8%

Probability that Solaredge Tech stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does SEDG drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Solaredge Tech was unfortunately bought at previous high price.

Drawdowns

Returns for SEDG

Cumulative Returns on SEDG

42.2%

7-Year Cumulative Returns

39.4%

5-Year Cumulative Returns

49.4%

3-Year Cumulative Returns

What are the long-term rolling returns for SEDG?

FIve years rolling returns for Solaredge Tech.

Annualized Returns

Which funds bought or sold SEDG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
reduced
-5.3
34,058
258,058
 0.01%
2023-03-10
BAILLIE GIFFORD & CO
added
2,636
10,385,300
10,705,300
 0.01%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-14.37
113,514
2,473,510
 -%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-11.71
248,000
3,315,000
 0.02%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
added
21.74
2,932
7,932
 -%
2023-03-02
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA
new
-
2,833
2,833
 -%
2023-02-28
Voya Investment Management LLC
added
16.11
14,178,900
47,859,900
 0.07%
2023-02-27
Parallax Volatility Advisers, L.P.
added
199
6,696,510
9,212,510
 0.01%
2023-02-24
NATIXIS
added
30.62
601,721
1,621,720
 0.01%
2023-02-24
National Pension Service
added
0.11
4,062,710
23,993,000
 0.05%

1–10 of 42

Latest Funds Activity

Are funds buying SEDG calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own SEDG
No. of Funds

SEDG Alerts

Solaredge Tech News

CNBC

Key inflation data in the week ahead will offer clues to future Fed ....

CNBC,
43 days ago

GlobeNewswire

SOLAREDGE ALERT: Bragar Eagel & Squire, P.C. Reminds.

GlobeNewswire,
3 months ago

GlobeNewswire

SOLAREDGE TECHNOLOGIES, INC. (NASDAQ: SEDG ....

GlobeNewswire,
4 months ago

The Motley Fool

Forget First Solar: SolarEdge Is a Better Renewable Energy Stock.

The Motley Fool,
2 years ago

Schedule 13G FIlings of Solaredge Tech

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Mar 08, 2023
blackrock inc.
10.2%
5,745,859
SC 13G/A
Jan 27, 2023
blackrock inc.
9.3%
5,203,122
SC 13G/A
Jan 24, 2023
blackrock inc.
9.3%
5,203,122
SC 13G/A
Jul 08, 2022
blackrock inc.
10.3%
5,719,965
SC 13G
Feb 11, 2022
swedbank robur fonder ab
3.16%
1,657,113
SC 13G
Feb 09, 2022
fmr llc
-
0
SC 13G/A
Feb 08, 2022
blackrock inc.
8.5%
4,457,148
SC 13G/A
Feb 08, 2021
fmr llc
-
0
SC 13G
Feb 05, 2021
blackrock inc.
11.7%
5,998,029
SC 13G/A
Jul 10, 2020
blackrock inc.
10.3%
5,111,607
SC 13G/A

SEDG Fair Value

Solaredge Tech fair value in different scenarios

The table shows the Fair Value estimates for Solaredge Tech for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

145.25

-48.95%

190.00

-33.22%

381.24

33.99%

644.23

126.43%

855.76

200.77%
Current Inflation

132.77

-53.34%

171.13

-39.85%

335.51

17.92%

558.30

96.23%

736.67

158.92%
Very High Inflation

117.31

-58.77%

148.20

-47.91%

281.39

-1.10%

458.32

61.09%

599.13

110.58%

Historical Solaredge Tech Fair Value Estimates

Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Solaredge Tech

View All Filings
Date Filed Form Type Document
Mar 08, 2023
SC 13G/A
Major Ownership Report
Feb 22, 2023
10-K
Annual Report
Feb 16, 2023
4
Insider Trading
Feb 14, 2023
5
Insider Trading
Feb 13, 2023
8-K
Current Report
Jan 27, 2023
SC 13G/A
Major Ownership Report
Jan 24, 2023
SC 13G/A
Major Ownership Report
Jan 20, 2023
4
Insider Trading
Jan 17, 2023
4
Insider Trading
Jan 05, 2023
4
Insider Trading

Latest Insider Trading transactions for SEDG

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-02-15
Adest Meir
sold
-1,582,840
316
-5,000
chief product officer
2023-01-17
Adest Meir
sold
-1,579,810
315
-5,000
chief product officer
2023-01-13
Zafrir Nadiv
acquired
-
-
378
-
2023-01-05
Galin Yoav
acquired
-
-
988
vp research & development
2023-01-05
Faier Ronen
acquired
-
-
1,318
chief financial officer
2023-01-05
Adest Meir
acquired
-
-
758
chief product officer
2023-01-05
Bechor Uri
acquired
-
-
1,318
chief operating officer
2023-01-05
Prishkolnik Rachel
acquired
-
-
988
vp,gc&corporate secretary
2023-01-04
Prishkolnik Rachel
acquired
-
-
2,627
vp,gc&corporate secretary
2023-01-04
Faier Ronen
acquired
-
-
3,853
chief financial officer

1–10 of 50

About Solaredge Tech

Zvi Lando
www.solaredge.com
3960
SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. It operates through five segments: Solar, Energy Storage, e-Mobility, Critical Power, and Automation Machines. The company offers inverters, power optimizers, communication devices, and smart energy management solutions used in residential, commercial, and small utility-scale solar installations; and a cloud-based monitoring platform that collects and processes information from the power optimizers and inverters, as well as monitors and manages the solar PV system. It also provides residential, commercial, and large scale PV, energy storage and backup, electric vehicle charging, and home energy management solutions, as well as grid services; and e-Mobility, automation machines, lithium-ion cells and battery packs, and uninterrupted power supply solutions, as well as virtual power plants, which helps to manage the load on the grid and grid stability. In addition, the company offers pre-sales support, ongoing trainings, and technical support and after installation services. The company sells its products to the providers of solar PV systems; and solar installers and distributors, electrical equipment wholesalers, and PV module manufacturers, as well as engineering, procurement, and construction firms. SolarEdge Technologies, Inc. was founded in 2006 and is headquartered in Herzliya, Israel.

SEDG Income Statement

2022-12-31
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]   
Revenues$ 3,110,279$ 1,963,865$ 1,459,271
Cost of revenues2,265,6311,334,547997,912
Gross profit844,648629,318461,359
Operating expenses:   
Research and development289,814219,633163,123
Sales and marketing159,680119,00095,985
General and administrative112,49682,19663,119
Goodwill impairment and other operating expenses (income), net116,5381,350(3,429)
Total operating expenses678,528422,179318,798
Operating income166,120207,139142,561
Financial income (expense), net3,316(19,915)21,105
Other income7,71900
Income before income taxes177,155187,224163,666
Income taxes83,37618,05423,344
Net income$ 93,779$ 169,170$ 140,322
Net basic earnings per share of common stock$ 1.7$ 3.24$ 2.79
Net diluted earnings per share of common stock$ 1.65$ 3.06$ 2.66
Weighted average number of shares used in computing net basic earnings per share of common stock55,087,77052,202,18250,217,330
Weighted average number of shares used in computing net diluted earnings per share of common stock58,100,64955,971,03052,795,476

SEDG Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:  
Cash and cash equivalents$ 783,112$ 530,089
Marketable securities241,117167,728
Trade receivables, net of allowances of $3,202 and $2,626, respectively905,146456,339
Inventories, net729,201380,143
Prepaid expenses and other current assets241,082176,992
Total current assets2,899,6581,711,291
LONG-TERM ASSETS:  
Marketable securities645,491482,228
Deferred tax assets, net44,15327,572
Property, plant and equipment, net543,969410,379
Operating lease right-of-use assets, net62,75447,137
Intangible assets, net19,92958,861
Goodwill31,189129,629
Other long-term assets18,80633,856
Total long-term assets1,366,2911,189,662
Total assets4,265,9492,900,953
CURRENT LIABILITIES:  
Trade payables, net459,831252,068
Employees and payroll accruals85,15874,465
Warranty obligations103,97571,480
Deferred revenues and customers advances26,64117,789
Accrued expenses and other current liabilities214,112109,379
Total current liabilities889,717525,181
LONG-TERM LIABILITIES:  
Convertible senior notes, net624,451621,535
Warranty obligations281,082193,680
Deferred revenues186,936151,556
Finance lease liabilities45,38540,508
Operating lease liabilities46,25638,912
Other long-term liabilities15,75619,542
Total long-term liabilities1,199,8661,065,733
COMMITMENTS AND CONTINGENT LIABILITIES
STOCKHOLDERS' EQUITY:  
Common stock of $0.0001 par value - Authorized: 125,000,000 shares as of December 31, 2022 and December 31, 2021; issued and outstanding: 56,133,404 and 52,815,395 shares as of December 31, 2022 and December 31, 2021, respectively65
Additional paid-in capital1,505,632687,295
Accumulated other comprehensive loss(73,109)(27,319)
Retained earnings743,837650,058
Total stockholders’ equity2,176,3661,310,039
Total liabilities and stockholders' equity$ 4,265,949$ 2,900,953