Market Summary
USD137.04-2.16
Delayedas of 21 Sep 2023, 12:28 pm-1.55%
SEDG Stock Price
SEDG RSI Chart
SEDG Valuation
SEDG Price/Sales (Trailing)
SEDG Profitability
SEDG Fundamentals
SEDG Revenue
SEDG Earnings
Price Action
52 Week Range
135.72345.80
(Low)(High)
Last 7 days
-4.0%
Last 30 days
-14.6%
Last 90 days
-43.1%
Trailing 12 Months
-52.7%
SEDG Financial Health
SEDG Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for SEDG
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-09 | Gross Dana Rebecca | acquired | - | - | 1,788 | - |
2023-08-09 | Faier Ronen | bought | 157,588 | 180 | 875 | chief financial officer |
2023-06-02 | Adest Meir | sold | -90,650 | 302 | -300 | vp, core technologies |
2023-06-02 | Adest Meir | acquired | 25,147 | 101 | 247 | vp, core technologies |
2023-06-01 | Payne Tal | acquired | - | - | 661 | - |
2023-06-01 | Zafrir Nadiv | acquired | - | - | 1,441 | - |
2023-06-01 | ATKINS BETSY S | acquired | - | - | 661 | - |
2023-06-01 | Hoke Dirk | acquired | - | - | 661 | - |
2023-06-01 | Faier Ronen | sold | -16,710 | 293 | -57.00 | chief financial officer |
2023-06-01 | GANI MARCEL | acquired | - | - | 661 | - |
Which funds bought or sold SEDG recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | unchanged | - | -698 | 5,381 | -% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | unchanged | - | -349 | 2,691 | -% |
2023-09-07 | JAG CAPITAL MANAGEMENT, LLC | reduced | -45.27 | -237,103 | 222,773 | 0.03% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | -237,738 | 1,832,770 | 0.02% |
2023-08-22 | Asset Dedication, LLC | new | - | 2,000 | 2,000 | -% |
2023-08-22 | US Asset Management LLC | sold off | -100 | -219,000 | - | -% |
2023-08-21 | Principal Street Partners, LLC | sold off | -100 | -225,531 | - | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | unchanged | - | -110 | 1,186 | -% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | reduced | -76.33 | -5,092,000 | 1,350,000 | 0.01% |
2023-08-21 | BOKF, NA | reduced | -33.54 | -376,824 | 538,369 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Solaredge Tech
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form 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 |
Recent SEC filings of Solaredge Tech
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Aug 11, 2023 | 4 | Insider Trading | |
| Aug 11, 2023 | 4 | Insider Trading | |
| Aug 07, 2023 | 10-Q | Quarterly Report | |
| Aug 01, 2023 | 8-K | Current Report | |
| Jul 07, 2023 | 8-K | Current Report | |
| Jul 07, 2023 | 8-K | Current Report | |
| Jul 07, 2023 | 3 | Insider Trading |
SEDG Fair Value
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Peers (Alternatives to Solaredge Tech)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
NVDA | 1.0T | 32.7B | -10.07% | 220.66% | 101.17 | 31.96 | 9.90% | 33.38% |
AVGO | 343.0B | 35.5B | -4.00% | 72.51% | 25.06 | 9.68 | 11.91% | 53.33% |
AMD | 161.9B | 21.9B | -7.28% | 33.34% | -6.5K | 7.4 | 1.39% | -100.80% |
TXN | 147.2B | 18.8B | -3.48% | -1.61% | 19.15 | 7.82 | -3.94% | -10.38% |
INTC | 145.1B | 54.0B | 4.68% | 22.88% | -157.35 | 2.68 | -26.36% | -104.83% |
FSLR | 18.1B | 3.0B | -6.86% | 26.95% | 115.58 | 6.05 | 20.63% | -17.29% |
LSCC | 11.7B | 722.9M | -7.22% | 65.38% | 56.93 | 16.13 | 23.44% | 50.75% |
| MID-CAP | ||||||||
AMKR | 5.5B | 6.9B | -12.42% | 23.72% | 9.5 | 0.8 | 6.33% | -16.28% |
POWI | 4.5B | 514.5M | -4.14% | 15.96% | 49.9 | 8.77 | -28.10% | -51.06% |
| SMALL-CAP | ||||||||
SGH | 1.2B | 1.7B | -2.70% | 33.62% | -44.3 | 0.67 | -7.23% | -137.93% |
ICHR | 877.0M | 1.1B | -12.41% | 10.30% | 38.86 | 0.82 | -8.91% | -64.16% |
AOSL | 790.1M | 691.3M | -8.49% | -14.61% | 63.9 | 1.14 | -11.09% | -97.27% |
CEVA | 483.0M | 122.0M | -0.73% | -25.65% | -15.55 | 3.96 | -9.27% | -3581.39% |
MX | 309.4M | 250.2M | -8.00% | -30.79% | -7.81 | 1.24 | -43.50% | -156.17% |
Solaredge Tech News
Returns for SEDG
Cumulative Returns on SEDG
37.4%
7-Year Cumulative Returns
26.7%
5-Year Cumulative Returns
-9.2%
3-Year Cumulative Returns
Risks for SEDG
What is the probability of a big loss on SEDG?
88.5%
Probability that Solaredge Tech stock will be more than 20% underwater in next one year
86.5%
Probability that Solaredge Tech stock will be more than 30% underwater in next one year.
64.6%
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
Financials for Solaredge Tech
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 7.8% | 3,663 | 3,399 | 3,110 | 2,771 | 2,461 | 2,213 | 1,964 | 1,770 | 1,582 | 1,434 | 1,459 | 1,519 | 1,592 | 1,585 | 1,426 | 1,271 | 1,097 | 999 | 937 | 863 | 793 |
| Gross Profit | 13.9% | 1,100 | 966 | 845 | 744 | 695 | 668 | 629 | 579 | 515 | 461 | 461 | 494 | 526 | 533 | 479 | 416 | 354 | 326 | 319 | 310 | 291 |
| Operating Expenses | 2.9% | 727 | 706 | 679 | 532 | 500 | 454 | 422 | 399 | 370 | 343 | 319 | 316 | 311 | 304 | 289 | 252 | 223 | 199 | 180 | 160 | 149 |
| S&GA Expenses | 3.2% | 171 | 165 | 160 | 150 | 137 | 127 | 119 | 115 | 107 | 99.00 | 96.00 | 91.00 | 91.00 | 92.00 | 88.00 | 84.00 | 78.00 | 72.00 | 68.00 | 63.00 | 59.00 |
| R&D Expenses | 3.9% | 315 | 303 | 290 | 275 | 261 | 239 | 220 | 203 | 188 | 173 | 163 | 151 | 140 | 132 | 121 | 111 | 101 | 91.00 | 82.00 | 74.00 | 68.00 |
| EBITDA | -100.0% | - | 342 | 218 | 198 | 197 | 226 | 217 | - | - | 168 | 181 | 219 | 222 | 226 | 197 | 153 | 137 | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.10* | 0.07* | 0.07* | 0.08* | 0.10* | 0.11* | - | - | 0.12* | 0.12* | 0.14* | 0.14* | 0.14* | 0.14* | 0.12* | 0.13* | - | - | - | - |
| Interest Expenses | - | - | - | - | - | - | - | 0.00 | - | - | - | 0.00 | - | - | - | 1.00 | - | - | - | 0.00 | - | - |
| Earnings Before Taxes | 44.1% | 431 | 299 | 177 | 161 | 162 | 195 | 187 | 177 | 163 | 151 | 164 | 200 | 203 | 208 | 179 | 141 | 126 | 118 | 137 | 149 | 144 |
| EBT Margin | -100.0% | - | 0.09* | 0.06* | 0.06* | 0.07* | 0.09* | 0.10* | 0.10* | 0.10* | 0.11* | 0.11* | 0.13* | 0.13* | 0.13* | 0.13* | - | - | - | - | - | - |
| Net Income | 52.5% | 303 | 199 | 94.00 | 114 | 142 | 172 | 169 | 146 | 137 | 128 | 140 | 175 | 173 | 170 | 147 | 107 | 111 | 112 | 129 | 135 | 118 |
| Net Income Margin | -100.0% | - | 0.06* | 0.03* | 0.04* | 0.06* | 0.08* | 0.09* | 0.08* | 0.09* | 0.09* | 0.10* | 0.12* | 0.11* | 0.11* | 0.10* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 38.00 | -138 | -170 | -110 | -140 | 65.00 | 21.00 | -19.98 | 15.00 | 96.00 | 155 | 215 | 221 | 186 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 4.5% | 4,697 | 4,496 | 4,266 | 3,904 | 3,773 | 3,683 | 2,901 | 2,657 | 2,564 | 2,465 | 2,437 | 2,278 | 1,606 | 1,514 | 1,495 | 1,338 | 1,222 | 1,177 | 964 | 852 | 783 |
| Current Assets | 6.4% | 3,449 | 3,242 | 2,900 | 2,452 | 2,284 | 2,462 | 1,711 | 1,553 | 1,489 | 1,585 | 1,719 | 1,745 | 1,073 | 956 | 933 | 835 | 731 | 718 | 677 | 656 | 616 |
| Cash Equivalents | -23.4% | 558 | 728 | 783 | 678 | 746 | 1,003 | 530 | 527 | 524 | 685 | 827 | 1,048 | 428 | 324 | 224 | 247 | 177 | 226 | 188 | 193 | 215 |
| Inventory | 12.6% | 984 | 874 | 729 | 561 | 470 | 433 | 380 | 305 | 322 | 340 | 332 | 297 | 264 | 199 | 171 | 134 | 149 | 151 | 142 | 107 | 102 |
| Net PPE | 4.4% | 581 | 556 | 544 | 491 | 489 | 474 | 410 | 353 | 340 | 312 | 303 | 258 | 226 | 196 | 177 | 150 | 140 | 133 | 119 | 73.00 | 69.00 |
| Goodwill | 41.4% | 42.00 | 30.00 | 31.00 | 109 | 116 | 127 | 130 | 132 | 136 | 135 | 140 | 133 | 128 | 126 | 130 | - | - | - | 35.00 | 3.00 | 3.00 |
| Current Liabilities | -0.3% | 898 | 900 | 890 | 694 | 612 | 569 | 525 | 406 | 400 | 398 | 436 | 383 | 405 | 390 | 437 | 335 | 294 | 248 | 226 | 166 | 154 |
| Shareholder's Equity | 7.2% | 2,520 | 2,351 | 2,176 | 2,052 | 2,028 | 2,011 | 1,310 | 1,242 | 1,178 | 1,100 | 1,086 | 1,032 | 925 | 866 | 812 | 732 | 674 | 626 | 571 | 539 | 485 |
| Retained Earnings | 13.5% | 1,002 | 882 | 744 | 723 | 698 | 683 | 650 | 609 | 556 | 511 | 478 | 460 | 417 | 380 | 338 | 285 | 243 | 210 | 191 | 178 | 133 |
| Additional Paid-In Capital | 3.2% | 1,596 | 1,546 | 1,506 | 1,457 | 1,419 | 1,373 | 687 | 652 | 625 | 596 | 604 | 574 | 512 | 492 | 476 | 450 | 432 | 417 | 372 | 362 | 353 |
| Shares Outstanding | 0.4% | 57.00 | 56.00 | 56.00 | 56.00 | 55.00 | 53.00 | 53.00 | 52.00 | 52.00 | 52.00 | 52.00 | 51.00 | 50.00 | 49.00 | 49.00 | 48.00 | 48.00 | 47.00 | 46.00 | 46.00 | 45.00 |
| Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5.00 | 6.00 | 71.00 | 8.00 | - | - |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -82.2% | 36.00 | 202 | 31.00 | 10.00 | 66.00 | 27.00 | 214 | 152 | 118 | 139 | 223 | 278 | 319 | 310 | 259 | 223 | 188 | 182 | 189 | 188 | 187 |
| Share Based Compensation | 1.3% | 153 | 151 | 146 | 136 | 127 | 114 | 103 | 98.00 | 88.00 | 78.00 | 67.00 | 65.00 | 66.00 | 63.00 | 60.00 | 47.00 | 38.00 | 33.00 | 31.00 | 27.00 | 24.00 |
| Cashflow From Investing | 49.8% | -235 | -469 | -417 | -466 | -474 | -345 | -484 | -635 | -599 | -370 | -236 | -93.76 | -73.76 | -155 | -152 | -93.89 | -144 | -171 | -156 | -157 | -99.85 |
| Cashflow From Financing | -33.6% | -3.94 | -2.95 | 655 | 651 | 654 | 639 | -15.18 | -16.26 | 610 | 635 | 640 | 633 | 3.00 | -67.08 | -73.02 | -84.18 | -82.93 | -15.19 | -7.95 | 11.00 | 13.00 |
SEDG Income Statement
2023-06-30CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Income Statement [Abstract] | ||||
| Revenues | $ 991,290 | $ 727,774 | $ 1,935,179 | $ 1,382,854 |
| Cost of revenues | 673,985 | 545,132 | 1,317,748 | 1,021,254 |
| Gross profit | 317,305 | 182,642 | 617,431 | 361,600 |
| Operating expenses: | ||||
| Research and development | 86,526 | 74,847 | 166,399 | 141,196 |
| Sales and marketing | 44,222 | 38,975 | 85,188 | 74,291 |
| General and administrative | 36,199 | 28,121 | 72,766 | 54,550 |
| Other operating expense (income), net | 0 | 4,687 | (1,434) | 4,687 |
| Total operating expenses | 166,947 | 146,630 | 322,919 | 274,724 |
| Operating income | 150,358 | 36,012 | 294,512 | 86,876 |
| Financial income (expense), net | 3,384 | (14,311) | 27,058 | (18,916) |
| Other loss | 0 | 0 | (125) | (844) |
| Income before income taxes | 153,742 | 21,701 | 321,445 | 67,116 |
| Income taxes | 34,232 | 6,617 | 63,557 | 18,909 |
| Net income | $ 119,510 | $ 15,084 | $ 257,888 | $ 48,207 |
| Net income per share: | ||||
| Net basic earnings per share of common stock | $ 2.12 | $ 0.27 | $ 4.58 | $ 0.89 |
| Net diluted earnings per share of common stock | $ 2.03 | $ 0.26 | $ 4.38 | $ 0.86 |
| Weighted average number of shares used in computing net basic earnings per share of common stock | 56,415,636 | 55,470,279 | 56,316,116 | 54,309,060 |
| Weighted average number of shares used in computing net diluted earnings per share of common stock | 59,183,666 | 58,564,734 | 59,189,302 | 57,446,416 |
SEDG Balance Sheet
2023-06-30CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $ 557,744 | $ 783,112 |
| Marketable securities | 493,176 | 241,117 |
| Trade receivables, net of allowances of $6,890 and $3,202, respectively | 1,149,820 | 905,146 |
| Inventories, net | 984,194 | 729,201 |
| Prepaid expenses and other current assets | 264,188 | 241,082 |
| Total current assets | 3,449,122 | 2,899,658 |
| LONG-TERM ASSETS: | ||
| Marketable securities | 435,800 | 645,491 |
| Deferred tax assets, net | 49,993 | 44,153 |
| Property, plant and equipment, net | 580,503 | 543,969 |
| Operating lease right-of-use assets, net | 66,387 | 62,754 |
| Intangible assets, net | 43,656 | 19,929 |
| Goodwill | 42,332 | 31,189 |
| Other Assets, Noncurrent | 28,772 | 18,806 |
| Total long-term assets | 1,247,443 | 1,366,291 |
| Total assets | 4,696,565 | 4,265,949 |
| CURRENT LIABILITIES: | ||
| Trade payables, net | 434,602 | 459,831 |
| Employees and payroll accruals | 74,709 | 85,158 |
| Warranty obligations | 146,150 | 103,975 |
| Deferred revenues and customers advances | 28,135 | 26,641 |
| Accrued expenses and other current liabilities | 214,133 | 214,112 |
| Total current liabilities | 897,729 | 889,717 |
| LONG-TERM LIABILITIES: | ||
| Convertible senior notes, net | 625,914 | 624,451 |
| Warranty obligations | 342,437 | 281,082 |
| Deferred revenues | 204,693 | 186,936 |
| Finance lease liabilities | 42,208 | 45,385 |
| Operating lease liabilities | 47,046 | 46,256 |
| Other long-term liabilities | 16,349 | 15,756 |
| Total long-term liabilities | 1,278,647 | 1,199,866 |
| COMMITMENTS AND CONTINGENT LIABILITIES | ||
| STOCKHOLDERS’ EQUITY: | ||
| Common stock of $0.0001 par value - Authorized: 125,000,000 shares as of June 30, 2023 and December 31, 2022; issued and outstanding: 56,556,340 and 56,133,404 shares as of June 30, 2023 and December 31, 2022, respectively | 6 | 6 |
| Additional paid-in capital | 1,595,890 | 1,505,632 |
| Accumulated other comprehensive loss | (77,432) | (73,109) |
| Retained earnings | 1,001,725 | 743,837 |
| Total stockholders’ equity | 2,520,189 | 2,176,366 |
| Total liabilities and stockholders’ equity | $ 4,696,565 | $ 4,265,949 |
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.