SolarEdge Technologies, Inc. (SEDG) Report Analysis
Corporate Events
SolarEdge Technologies, Inc. Provides Earnings Guidance for the Third Quarter Ending September 30, 2022
2022-08-02 20:05:00
SolarEdge Technologies, Inc. provided earnings guidance for the third quarter ending September 30, 2022. For the quarter, the company expects revenues to be within the range of $810 million to $840 million.
Ampt Brings Patent Infringement Lawsuits Against SolarEdge to Protect Optimizer Technology
2022-07-28 23:59:00
Ampt LLC filed a complaint with the U.S. International Trade Commission against SolarEdge Technologies, Inc., requesting that the ITC ban the import of SolarEdge power systems and components that infringe Ampt’s patents. Ampt simultaneously filed a similar patent infringement action against SolarEdge in the U.S. District Court in Delaware that seeks a finding of patent infringement, substantial monetary damages and an injunction. Ampt asserts that SolarEdge’s solar power systems unlawfully use Ampt’s optimizer technology and infringe one or more claims from eight of Ampt’s U.S. patents. These patents describe improved ways of converting electrical power from a solar energy source to make it available for use in a variety of applications. Ampt’s complaint asks the ITC for an exclusion order banning from import into the United States those SolarEdge products that infringe Ampt’s patents. Ampt also seeks a ban on the sale of infringing products in the U.S. after they are imported. The infringing products include SolarEdge power optimizers for solar panels, inverters for solar power systems and solar power systems using both. In the ITC action, Ampt asserts that SolarEdge infringes one or more claims from U.S. Patents Nos. 9,673,630 and 11,289,917. In the U.S. District Court action, Ampt asserts that SolarEdge infringes one or more claims from the aforementioned U.S. Patents, as well as from U.S. Patents Nos. 7,605,498, 7,719,140, 10,608,437, 10,886,746, 11,070,062 and 11,070,063. Ampt is represented by Scott Bornstein, Nick Brown, Vivian Kuo and Cyrus Frelinghuysen of Greenberg Traurig, LLP.
SolarEdge Technologies, Inc. to Report Q2, 2022 Results on Aug 02, 2022
2022-07-19 23:14:00
SolarEdge Technologies, Inc. announced that they will report Q2, 2022 results Pre-Market on Aug 02, 2022
SolarEdge Technologies, Inc., Q2 2022 Earnings Call, Aug 02, 2022
2022-07-19 23:14:00
SolarEdge Technologies, Inc., Q2 2022 Earnings Call, Aug 02, 2022
SolarEdge Technologies, Inc. Presents at 11th Annual Needham Virtual Industrial Tech, Robotics, & Clean Tech 1x1 Conference, Aug-08-2022
2022-07-05 14:41:00
SolarEdge Technologies, Inc. Presents at 11th Annual Needham Virtual Industrial Tech, Robotics, & Clean Tech 1x1 Conference, Aug-08-2022 .
SolarEdge Technologies, Inc. Presents at Oppenheimer 25th Annual Technology, Internet & Communications Conference, Aug-10-2022 09:05 AM
2022-07-05 14:41:00
SolarEdge Technologies, Inc. Presents at Oppenheimer 25th Annual Technology, Internet & Communications Conference, Aug-10-2022 09:05 AM.
Needham & Company, LLC, 11th Annual Needham Virtual Industrial Tech, Robotics, & Clean Tech 1x1 Conference, Aug 05, 2022 through Aug 08, 2022
2022-06-02 20:42:00
Needham & Company, LLC, 11th Annual Needham Virtual Industrial Tech, Robotics, & Clean Tech 1x1 Conference, Aug 05, 2022 through Aug 08, 2022.
SolarEdge Opens 2GWh New Battery Cell Facility in South Korea to Meet Growing Demand for Battery Storage
2022-05-25 13:00:00
SolarEdge Technologies, Inc. and SolarEdge’s subsidiary, Kokam Limited Company announced the opening of “Sella 2”, a two gigawatt-hour (GWh) battery cell manufacturing facility. Located in the Eumseong Innovation City of Chungcheongbuk-Do, South Korea, Sella 2 is currently producing test cells for certification, with ramp-up expected during the second half of 2022. Once ramped, Sella 2 will enable SolarEdge to have its own supply of lithium-ion batteries and the infrastructure to develop new battery cell chemistries and technologies. The facility is planned to manufacture battery cells for SolarEdge’s residential solar-attached batteries as well as battery cells for a variety of industries, including mobile applications, energy stationary storage solutions (ESS) and UPS applications. The facility can scale its battery cell capacity in the future to support the growing needs for storage solutions offered by the company.
SolarEdge Technologies, Inc. Signs Global Patent License Agreement with Huawei Technologies Co., Ltd
2022-05-19 21:00:00
SolarEdge Technologies, Inc. and Huawei Technologies Co., Ltd., have agreed on a global patent license agreement between the two companies. The agreement includes a cross license that covers patents relating to both companies' products, and grants certain other rights.
SolarEdge Announces the Launch of SolarEdge Home Product Portfolio at Intersolar Europe 2022
2022-05-10 16:48:00
SolarEdge Technologies, Inc. announced the European launch of SolarEdge Home, a portfolio of home energy management products and solutions, at Intersolar 2022 in Munich. SolarEdge Home is an innovative home energy management solution that allows homeowners to optimize their solar energy production, usage and storage. Designed for both single and three-phase applications, the solution is comprised of the SolarEdge Home Inverters, Home Battery, Backup Interface, smart energy devices such as the SolarEdge EV Charger, Hot Water Controller and smart meters, and an operating system which synchronizes and manages the system devices. Developed to harvest more energy from the sun, the DC-coupled solution optimizes energy use by operating loads directly from the sun, storing access energy and providing real-time recommendations adapted to changing energy needs. The SolarEdge Home operating system bases the load and scheduling recommendations on the homeowner’s energy use patterns and preferences. It extends backup time and reduces dependency on the grid and is managed from a single mySolarEdge app, enabling homeowners to smartly manage and track their home solar usage, energy savings and carbon emission reduction.
SolarEdge Technologies, Inc. Provides Revenue Guidance for the Second Quarter Ending June 30, 2022
2022-05-02 20:05:00
SolarEdge Technologies, Inc. provided revenue guidance for the second quarter ending June 30, 2022. For the quarter, the company’s revenues to be within the range of $710 million to $740 million.
SolarEdge Technologies, Inc., Annual General Meeting, Jun 20, 2022
2022-04-29 20:25:00
SolarEdge Technologies, Inc., Annual General Meeting, Jun 20, 2022, at 09:00 Pacific Standard Time. Location: 700 Tasman Dr. Milpitas California United States Agenda: To elect the two directors named in the Proxy Statement as Class I directors of SolarEdge Technologies, Inc., to hold office for a three-year term and until his or her successor has been elected and qualified, or until his or her earlier death, resignation or removal; to ratify the appointment of Ernst & Young LLP as independent registered public accounting firm for the year ending December 31, 2022; to approve, on an advisory and non-binding basis, the compensation of our named executive officers (commonly referred to as a “Say-on-Pay”; and to transact such other business as may properly come before the meeting or any adjournment or postponement thereof.
SolarEdge Technologies, Inc. Presents at Cowen 2nd Annual Sustainability & Energy Transition Summit, Jun-07-2022 08:30 AM
2022-04-29 20:10:00
SolarEdge Technologies, Inc. Presents at Cowen 2nd Annual Sustainability & Energy Transition Summit, Jun-07-2022 08:30 AM.
SolarEdge Technologies, Inc. Appoints Dirk Carsten Hoke to Its Board
2022-04-20 21:00:00
SolarEdge Technologies, Inc. announced the appointment of Mr. Dirk Carsten Hoke as a member of the board of directors. The appointment was approved unanimously by the board of directors. Hoke’s career spans more than 25 years and five continents in various industries. Most recently Mr. Hoke served from 2016 until 2021 as the Chief Executive Officer of Airbus Defence and Space and was also a member of Airbus’ Global Executive Committee.
SolarEdge Technologies, Inc. Announces Changes to its Board
2022-04-20 20:33:00
SolarEdge Technologies, Inc. announced Mr. Yoni Cheifetz notified of his intention to resign from the board of directors on April 19, 2022, effective immediately. Mr. Cheifetz’ resignation was not a result of any disagreements with the company on any matter relating to its operations, policies or practices. In addition, on April 19, 2022, Mr. Doron Inbar notified the company of his intention to resign from the board of directors, effective immediately. Mr. Inbar’s resignation was not a result of any disagreements with the company on any matter relating to its operations, policies or practices. Effective upon Messrs. Cheifetz and Inbar’s resignations as directors, the size of the board has been reduced from eight to seven directors.
SolarEdge Technologies, Inc. to Report Q1, 2022 Results on May 02, 2022
2022-04-18 20:30:00
SolarEdge Technologies, Inc. announced that they will report Q1, 2022 results After-Market on May 02, 2022
SolarEdge Technologies, Inc., Q1 2022 Earnings Call, May 02, 2022
2022-04-18 20:30:00
SolarEdge Technologies, Inc., Q1 2022 Earnings Call, May 02, 2022
ROTH Capital Partners, LLC, ROTH 8th Annual London Conference, Jun 21, 2022 through Jun 23, 2022
2022-04-07 20:18:00
ROTH Capital Partners, LLC, ROTH 8th Annual London Conference, Jun 21, 2022 through Jun 23, 2022. Venue: London, United Kingdom.
SolarEdge Technologies, Inc. Presents at Citi’s 2022 Global Energy, Utilities and Climate Technology Conference, May-11-2022
2022-04-07 20:18:00
SolarEdge Technologies, Inc. Presents at Citi’s 2022 Global Energy, Utilities and Climate Technology Conference, May-11-2022 . Venue: Boston, Massachusetts, United States.
SolarEdge Technologies, Inc. Presents at ROTH 8th Annual London Conference, Jun-23-2022
2022-04-07 20:18:00
SolarEdge Technologies, Inc. Presents at ROTH 8th Annual London Conference, Jun-23-2022 . Venue: London, United Kingdom. Speakers: Ronen Faier, Chief Financial Officer.
Credit Suisse Group AG, 2022 Credit Suisse Renewables and Utilities Conference, May 12, 2022
2022-04-01 14:27:00
Credit Suisse Group AG, 2022 Credit Suisse Renewables and Utilities Conference, May 12, 2022.
SolarEdge Technologies, Inc. Presents at 2022 Credit Suisse Renewables and Utilities Conference, May-12-2022
2022-04-01 14:27:00
SolarEdge Technologies, Inc. Presents at 2022 Credit Suisse Renewables and Utilities Conference, May-12-2022 .
SolarEdge Technologies, Inc. Presents at J.P. Morgan Energy, Power and Renewables Conference, Jun-22-2022 01:05 PM
2022-04-01 14:27:00
SolarEdge Technologies, Inc. Presents at J.P. Morgan Energy, Power and Renewables Conference, Jun-22-2022 01:05 PM. Venue: InterContinental New York Barclay, 111 East 48th St., New York 10154, New York, United States. Speakers: Lior Danziger, Director of Investor Relations and Finance Operations.
Citigroup Inc., Citi’s 2022 Global Energy, Utilities and Climate Technology Conference, May 10, 2022 through May 11, 2022
2022-03-17 05:21:00
Citigroup Inc., Citi’s 2022 Global Energy, Utilities and Climate Technology Conference, May 10, 2022 through May 11, 2022. Venue: Boston, Massachusetts, United States.
Oppenheimer & Co. Inc., Oppenheimer 25th Annual Technology, Internet & Communications Conference, Aug 09, 2022 through Aug 10, 2022
2022-03-16 16:15:00
Oppenheimer & Co. Inc., Oppenheimer 25th Annual Technology, Internet & Communications Conference, Aug 09, 2022 through Aug 10, 2022.
Oppenheimer & Co. Inc., Oppenheimer’s 23rd Annual Israeli Conference, May 22, 2022
2022-03-15 21:09:00
Oppenheimer & Co. Inc., Oppenheimer’s 23rd Annual Israeli Conference, May 22, 2022. Venue: David Intercontinental Hotel, Tel Aviv, Israel.
SolarEdge Technologies, Inc. Presents at Oppenheimer’s 23rd Annual Israeli Conference, May-22-2022 10:35 AM
2022-03-15 21:09:00
SolarEdge Technologies, Inc. Presents at Oppenheimer’s 23rd Annual Israeli Conference, May-22-2022 10:35 AM. Venue: David Intercontinental Hotel, Tel Aviv, Israel.
JPMorgan Chase & Co., J.P. Morgan Energy, Power and Renewables Conference, Jun 22, 2022 through Jun 23, 2022
2022-03-01 14:00:00
JPMorgan Chase & Co., J.P. Morgan Energy, Power and Renewables Conference, Jun 22, 2022 through Jun 23, 2022. Venue: InterContinental New York Barclay, 111 East 48th St., New York 10154, New York, United States.
Cowen Inc., Cowen 2nd Annual Sustainability & Energy Transition Summit, Jun 07, 2022
2022-02-23 03:09:00
Cowen Inc., Cowen 2nd Annual Sustainability & Energy Transition Summit, Jun 07, 2022.
SolarEdge Technologies, Inc.(NasdaqGS:SEDG) added to S&P 500
2021-12-20 00:00:00
SolarEdge Technologies, Inc.(NasdaqGS:SEDG) added to S&P 500
SolarEdge Technologies, Inc.(NasdaqGS:SEDG) added to S&P 500 Growth
2021-12-20 00:00:00
SolarEdge Technologies, Inc.(NasdaqGS:SEDG) added to S&P 500 Growth
SolarEdge Technologies, Inc.(NasdaqGS:SEDG) added to S&P 500 Value
2021-12-20 00:00:00
SolarEdge Technologies, Inc.(NasdaqGS:SEDG) added to S&P 500 Value
SolarEdge Technologies, Inc.(NasdaqGS:SEDG) added to S&P Global 1200
2021-12-20 00:00:00
SolarEdge Technologies, Inc.(NasdaqGS:SEDG) added to S&P Global 1200
SolarEdge Technologies, Inc.(NasdaqGS:SEDG) added to S&P 500 Information Technology (Sector)
2021-12-20 00:00:00
SolarEdge Technologies, Inc.(NasdaqGS:SEDG) added to S&P 500 Information Technology (Sector)
SolarEdge Technologies, Inc.(NasdaqGS:SEDG) added to INDUSTRIALS
2021-12-20 00:00:00
SolarEdge Technologies, Inc.(NasdaqGS:SEDG) added to INDUSTRIALS
SolarEdge Technologies, Inc.(NasdaqGS:SEDG) added to S&P 500 EQUAL WEIGHTED
2021-12-10 00:00:00
SolarEdge Technologies, Inc.(NasdaqGS:SEDG) added to S&P 500 EQUAL WEIGHTED
SolarEdge Technologies, Inc.(NasdaqGS:SEDG) dropped from S&P 1000
2021-12-04 00:00:00
SolarEdge Technologies, Inc.(NasdaqGS:SEDG) dropped from S&P 1000
SolarEdge Technologies, Inc.(NasdaqGS:SEDG) dropped from S&P 400 Information Technology (Sector)
2021-12-04 00:00:00
SolarEdge Technologies, Inc.(NasdaqGS:SEDG) dropped from S&P 400 Information Technology (Sector)
SolarEdge Technologies, Inc.(NasdaqGS:SEDG) dropped from S&P 400
2021-12-04 00:00:00
SolarEdge Technologies, Inc.(NasdaqGS:SEDG) dropped from S&P 400
SolarEdge Technologies, Inc. Presents at Goldman Sachs’ Global Energy and Clean Technology Conference, Jan-05-2022 09:00 AM
2021-12-03 08:54:00
SolarEdge Technologies, Inc. Presents at Goldman Sachs’ Global Energy and Clean Technology Conference, Jan-05-2022 09:00 AM. Venue: Aventura, Florida, United States.
Bank of America Corporation, Bank of America 2021 Annual Renewables Symposium, Dec 02, 2021
2021-11-25 09:01:00
Bank of America Corporation, Bank of America 2021 Annual Renewables Symposium, Dec 02, 2021.
SolarEdge Technologies, Inc. Presents at Bank of America 2021 Annual Renewables Symposium, Dec-02-2021 01:15 PM
2021-11-25 09:01:00
SolarEdge Technologies, Inc. Presents at Bank of America 2021 Annual Renewables Symposium, Dec-02-2021 01:15 PM.
SolarEdge Technologies, Inc. (NasdaqGS:SEDG) agreed to acquire 75% stake in Kokam Co., Ltd. for $88 million.
2021-11-23 00:00:00
SolarEdge Technologies, Inc. (NasdaqGS:SEDG) agreed to acquire 75% stake in Kokam Co., Ltd. for $88 million on November 23, 2021. Completion of the deal is subject to customary closing conditions and is expected to take place in the coming weeks.
The Goldman Sachs Group, Inc., Goldman Sachs’ Global Energy and Clean Technology Conference, Jan 05, 2022 through Jan 06, 2022
2021-11-19 13:30:00
The Goldman Sachs Group, Inc., Goldman Sachs’ Global Energy and Clean Technology Conference, Jan 05, 2022 through Jan 06, 2022. Venue: Aventura, Florida, United States.
SolarEdge Technologies, Inc. Presents at Credit Suisse 25th Annual Technology Conference, Nov-29-2021
2021-11-10 08:36:00
SolarEdge Technologies, Inc. Presents at Credit Suisse 25th Annual Technology Conference, Nov-29-2021 . Venue: The Phoenician Hotel, Scottsdale, Arizona, United States.
SolarEdge Technologies, Inc. Presents at UBS Virtual European Conference, Nov-10-2021
2021-11-03 14:19:00
SolarEdge Technologies, Inc. Presents at UBS Virtual European Conference, Nov-10-2021 . Venue: London, United Kingdom. Speakers: Ronen Faier, Chief Financial Officer.
Solaredge Technologies, Inc. Provides Earnings Guidance for the Fourth Quarter Ending December 31, 2021
2021-11-02 20:05:00
SolarEdge Technologies, Inc. provided earnings guidance for the fourth quarter ending December 31, 2021. For the period, the company expects revenues to be within the range of $530 million to $560 million.
Solaredge Technologies, Inc. Announces Commercial Availability of the Solaredge Energy Bank Residential Battery in North America
2021-10-20 13:00:00
SolarEdge Technologies, Inc. (“SolarEdge”) announced the commercial availability of the SolarEdge Energy Bank residential battery in North America. The highly efficient DC-coupled battery provides 9.7kWh of backup power and can connect with up to eight additional batteries, delivering up to 87kWh of backup capacity, while offering future compatibility with third-party generators. SolarEdge also announced the availability of its new SolarEdge Energy Hub inverter models ranging from 7.6kW up to 11.4kW PV power and 10.3kW backup power, with 200% DC oversizing to deliver higher energy yield for the home. The Energy Hub high backup power inverters simplify installations by reducing the need for Main Panel Upgrades (MPU), and shorten installation time by connecting wirelessly with the SolarEdge Energy Bank battery and a variety of smart energy devices, including the SolarEdge Home EV Charger. Both the SolarEdge Energy Hub inverter and the SolarEdge Energy Bank battery are part of the new SolarEdge full residential solution called “SolarEdge Home”, an intelligent smart energy management system that allows homeowners to better manage and monitor solar energy production, consumption and backup storage in real time. The SolarEdge Home system is controlled from the mySolarEdge mobile app, which helps prioritize loads based on homeowner preferences, and applies smart algorithms that aid economical decision-making while taking into account external factors, such as weather events.
SolarEdge Technologies, Inc. to Report Q3, 2021 Results on Nov 02, 2021
2021-10-19 12:00:00
SolarEdge Technologies, Inc. announced that they will report Q3, 2021 results After-Market on Nov 02, 2021
SolarEdge Technologies, Inc., Q3 2021 Earnings Call, Nov 02, 2021
2021-10-19 12:00:00
SolarEdge Technologies, Inc., Q3 2021 Earnings Call, Nov 02, 2021
SolarEdge Technologies, Inc. Presents at Smart Energy Summit: Engaging the Consumer, Oct-27-2021 12:15 PM
2021-10-18 17:17:00
SolarEdge Technologies, Inc. Presents at Smart Energy Summit: Engaging the Consumer, Oct-27-2021 12:15 PM. Speakers: Peter Mathews, General Manager, North America.
AutoGrid Systems, Inc. announced that it has received $85 million in funding from a group of investors
2021-10-14 00:00:00
AutoGrid Systems, Inc. announced that it has received $85 million in a round of funding led by Schneider Electric Ventures on October 14, 2021. The transaction included participation from new investors which included Moore Strategic Ventures, LLC, SolarEdge Technologies, Inc., Microsoft Corporation, Climate Innovation Fund, GS Futures, returning investors National Grid Partners Inc., Shell Ventures and Total Carbon Neutrality Ventures.
Fundamental Summary
SolarEdge's recently released results from Q4 indicate that SolarEdge is performing reasonably well and on par with its peers. Its income and value factors appear positive and give support for optimism regarding the likelihood of continued positive performance. Therefore, SolarEdge received an overall score of 78, translating into a HOLD ranking.
SolarEdge reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 727.77 million compared to USD 480.06 million a year ago. Net income was USD 15.08 million compared to USD 45.09 million a year ago. Basic earnings per share from continuing operations was USD 0.27 compared to USD 0.87 a year ago. Diluted earnings per share from continuing operations was USD 0.26 compared to USD 0.82 a year ago.For the six months, sales was USD 1,382.85 million compared to USD 885.55 million a year ago. Net income was USD 48.21 million compared to USD 75.17 million a year ago. Basic earnings per share from continuing operations was USD 0.89 compared to USD 1.45 a year ago. Diluted earnings per share from continuing operations was USD 0.86 compared to USD 1.36 a year ago.
Business Description
SolarEdge, 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 was founded in 2006 and is headquartered in Herzliya, Israel.
Sector Overview
SolarEdge is included in the Semiconductors & Semiconductor Equipment according to GICS (global industry classification standard). The Semiconductors & Semiconductor Equipment industry is part of the Information Technology sector. It includes manufacturers of semiconductors, semiconductor equipment, and related products. SolarEdge's industry and sector affiliation are not expected to particularly benefit, nor be weighed down by macroeconomic factors at this time.
Fundamental Highlights
| Parameter | Value | Change | Score | |
|---|---|---|---|---|
| Return on Equity | 14.1 | 10.1% | 77 | |
| Net Cashflow | -297.1M | 43.0% | 61 | |
| Capital Expenditure | -149.3M | -11.9% | 59 | |
| Asset Turnover | 0.7 | 2.7% | 82 | |
| Free Cashflow Per Share | 1.2 | 250.2% | 96 |
* All values are TTM
The below chart reflects SolarEdge's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While SolarEdge's peer average final assessment score stands on 68.0, SolarEdge's score is 78.
- SEDG
- Peers average
Technical Analysis
When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. SolarEdge's stock is now priced above its 50-day and 200-day, but below its 5-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is strengthening. Historically, this is a positive setup in the medium and long-term. In particular, many institutional investors keep close watch of the 200-day moving average. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), SolarEdge's stock doesn't strongly signal being overbought or oversold. Overall, these technical indicators don't clearly signal directional momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 68.
5D MA
318.76
50D MA
295.57
200D MA
289.36
MACD
6.19
RSI
69.58
STOCH
31.05
Balance Sheet Analysis
All in all, looking at the balance sheet, SolarEdge's financial health appears good. SolarEdge's balance sheet neither stood out as being particularly strong or weak relative to its peers. In terms of liabilities, SolarEdge published good numbers. Their reported liabilities were 1.6B, representing a 11.8% change from the previous report. This performance is all interesting relative to their peers and suggests that their stock price has room to grow to reflect a higher intrinsic value. These results statistically lead to positive movement in stock prices, so we rated its liabilities movement component 81. Also, SolarEdge's price to book ratio (P/B) was reported as 11.3 and represents 0.9% change from the previous report. Their industry-leading book value factors momentum reinforces an expectation for future positive momentum for their stock price going forward. The company's book value factors component, therefore, received a grade of 75. On the other hand, Assets, jumped out as looking problematic. SolarEdge assets metrics were reported as 2.9B, representing a 8.9% change from the last filing. SolarEdge's unremarkable asset growth results, specifically compared to their industry peers' performance, should present negative pressure on SolarEdge's stock price. Its asset component, therefore, received a grade of 62. Therefore, it received a score of 75.
| Parameter | Value | Change | Score |
|---|---|---|---|
| Assets | 2.9B | 8.9% | 62 |
| Liabilities | 1.6B | 11.8% | 81 |
| Price to Book | 11.3 | 0.9% | 75 |
| Cash & Equivalents | 530.1M | 0.7% | 63 |
| Equity | 1.3B | 5.5% | 67 |
The below chart describes SolarEdge's performance as reflected on its balance sheet with respect to its peers. While SolarEdge received a balance sheet score of 75, the average of its peers stands on 75.0.
- SEDG
- Peers average
| Name | Market Cap | Liabilities Movement | Asset Change | Equity/Intangibles Adjustments | Cash & Equivalents | Book Value Momentum | Balance Sheet | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|---|---|
| NVIDIA Corporation | 470.1B | 74.0 | 71.0 | 67.0 | 97.0 | 52.0 | 69 | 0 | 1 |
| QUALCOMM Incorporated | 170.0B | 68.0 | 43.0 | 78.0 | 37.0 | 90.0 | 65 | 1 | 1 |
| Texas Instruments Incorporated | 163.1B | 52.0 | 73.0 | 77.0 | 82.0 | 72.0 | 73 | 2 | 1 |
| Advanced Micro Devices, Inc. | 162.1B | 81.0 | 69.0 | 73.0 | 77.0 | 64.0 | 82 | 3 | 1 |
| Intel Corporation | 148.6B | 55.0 | 71.0 | 52.0 | 43.0 | 53.0 | 52 | 4 | 1 |
| Applied Materials, Inc. | 94.2B | 67.0 | 61.0 | 88.0 | 53.0 | 69.0 | 77 | 5 | 1 |
| Analog Devices, Inc. | 87.5B | 63.0 | 76.0 | 72.0 | 53.0 | 66.0 | 74 | 6 | 1 |
| Micron Technology, Inc. | 69.5B | 68.0 | 69.0 | 85.0 | 70.0 | 78.0 | 84 | 7 | 1 |
| Lam Research Corporation | 68.9B | 77.0 | 61.0 | 87.0 | 49.0 | 86.0 | 86 | 8 | 1 |
| KLA Corporation | 54.2B | 95.0 | 66.0 | 60.0 | 85.0 | 46.0 | 76 | 9 | 1 |
| NXP Semiconductors N.V. | 48.0B | 77.0 | 67.0 | 79.0 | 92.0 | 74.0 | 86 | 10 | 1 |
| Marvell Technology, Inc. | 46.4B | 69.0 | 84.0 | 49.0 | 46.0 | 49.0 | 60 | 11 | 1 |
| Microchip Technology Incorporated | 40.2B | 59.0 | 81.0 | 79.0 | 89.0 | 73.0 | 84 | 12 | 1 |
| ON Semiconductor Corporation | 31.7B | 71.0 | 64.0 | 90.0 | 82.0 | 92.0 | 91 | 13 | 1 |
| Monolithic Power Systems, Inc. | 24.7B | 54.0 | 66.0 | 75.0 | 92.0 | 89.0 | 76 | 14 | 1 |
| Skyworks Solutions, Inc. | 17.8B | 64.0 | 70.0 | 81.0 | 66.0 | 75.0 | 78 | 15 | 1 |
| Teradyne, Inc. | 15.8B | 73.0 | 76.0 | 64.0 | 43.0 | 50.0 | 69 | 16 | 1 |
| Entegris, Inc. | 15.7B | 94.0 | 59.0 | 67.0 | 43.0 | 82.0 | 83 | 17 | 1 |
| First Solar, Inc. | 12.6B | 60.0 | 82.0 | 64.0 | 92.0 | 70.0 | 79 | 18 | 1 |
| Qorvo, Inc. | 11.0B | 70.0 | 76.0 | 65.0 | 54.0 | 54.0 | 71 | 19 | 1 |
| Lattice Semiconductor Corporation | 8.5B | 63.0 | 70.0 | 83.0 | 62.0 | 81.0 | 81 | 20 | 1 |
| MKS Instruments, Inc. | 7.5B | 62.0 | 69.0 | 70.0 | 78.0 | 76.0 | 74 | 21 | 1 |
| Universal Display Corporation | 6.0B | 55.0 | 65.0 | 72.0 | 40.0 | 74.0 | 64 | 22 | 1 |
| Synaptics Incorporated | 5.7B | 78.0 | 60.0 | 85.0 | 93.0 | 87.0 | 87 | 23 | 1 |
| Amkor Technology, Inc. | 5.4B | 67.0 | 62.0 | 73.0 | 51.0 | 79.0 | 72 | 24 | 1 |
| Tower Semiconductor Ltd. | 5.1B | 65.0 | 70.0 | 68.0 | 69.0 | 77.0 | 75 | 25 | 1 |
| Allegro MicroSystems, Inc. | 5.0B | 72.0 | 63.0 | 68.0 | 72.0 | 76.0 | 74 | 26 | 1 |
| Silicon Laboratories Inc. | 4.9B | 60.0 | 78.0 | 62.0 | 41.0 | 47.0 | 61 | 27 | 1 |
| Cirrus Logic, Inc. | 4.9B | 58.0 | 78.0 | 73.0 | 73.0 | 71.0 | 77 | 28 | 1 |
| Power Integrations, Inc. | 4.8B | 65.0 | 78.0 | 62.0 | 37.0 | 45.0 | 63 | 29 | 1 |
| SunPower Corporation | 4.5B | 54.0 | 71.0 | 80.0 | 95.0 | 92.0 | 83 | 30 | 1 |
| Diodes Incorporated | 3.7B | 79.0 | 61.0 | 69.0 | 68.0 | 80.0 | 78 | 31 | 1 |
| Ambarella, Inc. | 3.5B | 50.0 | 76.0 | 71.0 | 87.0 | 67.0 | 64 | 32 | 1 |
| Semtech Corporation | 3.5B | 61.0 | 80.0 | 70.0 | 66.0 | 59.0 | 67 | 33 | 1 |
| MaxLinear, Inc. | 3.2B | 74.0 | 64.0 | 72.0 | 94.0 | 84.0 | 83 | 34 | 1 |
| Rambus Inc. | 3.2B | 73.0 | 64.0 | 73.0 | 62.0 | 83.0 | 79 | 35 | 1 |
| Nova Ltd. | 3.1B | 49.0 | 67.0 | 78.0 | 96.0 | 75.0 | 66 | 36 | 1 |
| Kulicke and Soffa Industries, Inc. | 2.8B | 65.0 | 63.0 | 92.0 | 64.0 | 87.0 | 84 | 37 | 1 |
| Silicon Motion Technology Corporation | 2.8B | 72.0 | 60.0 | 89.0 | 46.0 | 77.0 | 80 | 38 | 1 |
| FormFactor, Inc. | 2.6B | 67.0 | 72.0 | 70.0 | 49.0 | 60.0 | 70 | 39 | 1 |
| Axcelis Technologies, Inc. | 2.5B | 66.0 | 65.0 | 76.0 | 63.0 | 82.0 | 77 | 40 | 1 |
| Impinj, Inc. | 2.5B | 63.0 | 80.0 | 38.0 | 38.0 | 45.0 | 53 | 41 | 1 |
| Ultra Clean Holdings, Inc. | 1.5B | 58.0 | 80.0 | 47.0 | 87.0 | 49.0 | 60 | 42 | 1 |
| Photronics, Inc. | 1.5B | 55.0 | 85.0 | 68.0 | 76.0 | 60.0 | 68 | 43 | 1 |
| Cohu, Inc. | 1.4B | 52.0 | 75.0 | 78.0 | 77.0 | 74.0 | 75 | 44 | 1 |
| Himax Technologies, Inc. | 1.2B | 93.0 | 69.0 | 49.0 | 90.0 | 60.0 | 71 | 45 | 1 |
| Veeco Instruments Inc. | 1.2B | 57.0 | 72.0 | 70.0 | 56.0 | 78.0 | 72 | 46 | 1 |
| Alpha and Omega Semiconductor Limited | 1.1B | 93.0 | 54.0 | 70.0 | 63.0 | 82.0 | 77 | 47 | 1 |
| PDF Solutions, Inc. | 1.0B | 61.0 | 77.0 | 42.0 | 97.0 | 51.0 | 60 | 48 | 1 |
| CEVA, Inc. | 777.8M | 50.0 | 74.0 | 56.0 | 38.0 | 58.0 | 55 | 49 | 1 |
| AXT, Inc. | 408.0M | 86.0 | 61.0 | 64.0 | 66.0 | 72.0 | 77 | 50 | 1 |
| Amtech Systems, Inc. | 155.1M | 81.0 | 72.0 | 60.0 | 95.0 | 93.0 | 85 | 51 | 1 |
| O2Micro International Limited | 105.8M | 59.0 | 76.0 | 68.0 | 95.0 | 80.0 | 73 | 52 | 1 |
| GSI Technology, Inc. | 95.3M | 65.0 | 72.0 | 72.0 | 56.0 | 52.0 | 67 | 53 | 1 |
| SPI Energy Co., Ltd. | 63.4M | 69.0 | 72.0 | 42.0 | 97.0 | 94.0 | 77 | 54 | 1 |
| Wolfspeed, Inc. | 14.0B | 87.0 | 51.0 | 73.0 | 56.0 | 83.0 | 72 | 55 | 1 |
| Onto Innovation Inc. | 4.0B | 53.0 | 70.0 | 70.0 | 76.0 | 79.0 | 70 | 56 | 1 |
| Camtek Ltd. | 1.4B | 53.0 | 63.0 | 78.0 | 43.0 | 77.0 | 62 | 57 | 1 |
| Mykrolis Corp. | 657.1M | 76.0 | 54.0 | 74.0 | 92.0 | 81.0 | 71 | 58 | 1 |
| Aehr Test Systems | 468.2M | 41.0 | 69.0 | 79.0 | 60.0 | 95.0 | 73 | 59 | 1 |
| ChipMOS TECHNOLOGIES (Bermuda) LTD. | 417.9M | 60.0 | 71.0 | 61.0 | 60.0 | 68.0 | 56 | 60 | 1 |
| CyberOptics Corporation | 394.2M | 65.0 | 68.0 | 73.0 | 52.0 | 88.0 | 78 | 61 | 1 |
| Helix Technology Corporation | 364.9M | 65.0 | 78.0 | 79.0 | 85.0 | 51.0 | 66 | 62 | 1 |
| Chun Can Capital Group | 352.1M | 64.0 | 63.0 | 67.0 | 85.0 | 89.0 | 81 | 63 | 1 |
| NVE Corporation | 253.7M | 64.0 | 65.0 | 72.0 | 90.0 | 61.0 | 69 | 64 | 1 |
| Intellon Corporation | 227.6M | 59.0 | 66.0 | 51.0 | 45.0 | 68.0 | 56 | 65 | 1 |
| SolarWindow Technologies, Inc. | 186.2M | 64.0 | 71.0 | 71.0 | 58.0 | 45.0 | 64 | 66 | 1 |
| Sequans Communications S.A. | 156.3M | 61.0 | 68.0 | 40.0 | 62.0 | 37.0 | 43 | 67 | 1 |
| Kopin Corporation | 144.1M | 62.0 | 68.0 | 42.0 | 42.0 | 43.0 | 48 | 68 | 1 |
| Pixelworks, Inc. | 127.7M | 74.0 | 70.0 | 46.0 | 54.0 | 51.0 | 57 | 69 | 1 |
| inTEST Corporation | 103.2M | 75.0 | 74.0 | 57.0 | 42.0 | 83.0 | 76 | 70 | 1 |
| QuickLogic Corporation | 92.5M | 67.0 | 69.0 | 44.0 | 58.0 | 72.0 | 63 | 71 | 1 |
| MathStar, Inc. | 75.7M | 62.0 | 72.0 | 71.0 | 63.0 | 50.0 | 64 | 72 | 1 |
| eMagin Corporation | 61.4M | 55.0 | 63.0 | 41.0 | 83.0 | 63.0 | 55 | 73 | 1 |
| Trident Microsystems, Inc. | 51.3M | 79.0 | 74.0 | 41.0 | 95.0 | 96.0 | 70 | 74 | 1 |
| MoSys, Inc. | 39.2M | 73.0 | 71.0 | 48.0 | 46.0 | 45.0 | 62 | 75 | 1 |
| Rubicon Technology, Inc. | 35.9M | 69.0 | 67.0 | 47.0 | 66.0 | 81.0 | 67 | 76 | 1 |
| CVD Equipment Corporation | 34.5M | 71.0 | 70.0 | 72.0 | 57.0 | 58.0 | 69 | 77 | 1 |
| Trikon Technologies Inc. | 23.8M | 72.0 | 79.0 | 82.0 | 90.0 | 53.0 | 87 | 78 | 1 |
| Solitron Devices, Inc. | 22.1M | 75.0 | 58.0 | 74.0 | 76.0 | 91.0 | 78 | 79 | 1 |
| Trio-Tech International | 21.4M | 67.0 | 69.0 | 45.0 | 67.0 | 63.0 | 63 | 80 | 1 |
| SCI Engineered Materials, Inc. | 15.9M | 71.0 | 69.0 | 56.0 | 86.0 | 93.0 | 79 | 81 | 1 |
| Genesis Electronics Group, Inc. | 15.4M | 69.0 | 68.0 | 43.0 | 38.0 | 56.0 | 50 | 82 | 1 |
| Patriot Scientific Corporation | 2.6M | 75.0 | 77.0 | 69.0 | 55.0 | 46.0 | 66 | 83 | 1 |
| P2 Solar, Inc | 2.4M | 68.0 | 68.0 | 99.0 | 90.0 | 78.0 | 84 | 84 | 1 |
| STR Holdings, Inc. | 1.7M | 69.0 | 72.0 | 50.0 | 47.0 | 52.0 | 59 | 85 | 1 |
| Metalink Ltd. | 1.3M | 81.0 | 78.0 | 41.0 | 92.0 | 97.0 | 79 | 86 | 1 |
| Energy Conversion Devices, Inc. | 1.0M | 61.0 | 69.0 | 52.0 | 94.0 | 37.0 | 62 | 87 | 1 |
| Global Innovative Platforms Inc. | 965.8K | 49.0 | 75.0 | 70.0 | 84.0 | 62.0 | 73 | 88 | 1 |
| NeoMagic Corporation | 931.0K | 52.0 | 72.0 | 82.0 | 98.0 | 49.0 | 72 | 89 | 1 |
| Evergreen Solar Inc. | 841.6K | 83.0 | 67.0 | 50.0 | 40.0 | 45.0 | 62 | 90 | 1 |
| Asyst Technologies, Inc. | 293.9K | 51.0 | 64.0 | 44.0 | 56.0 | 61.0 | 57 | 91 | 1 |
| NanoFlex Power Corporation | 210.5K | 69.0 | 68.0 | 39.0 | 90.0 | 86.0 | 74 | 92 | 1 |
| Electroglas, Inc. | 32.2K | 81.0 | 67.0 | 71.0 | 46.0 | 37.0 | 63 | 93 | 1 |
| MCT, Inc. | 30.3K | 88.0 | 65.0 | 56.0 | 45.0 | 80.0 | 64 | 94 | 1 |
| Solar Enertech Corp. | 18.3K | 88.0 | 64.0 | 72.0 | 64.0 | 45.0 | 73 | 95 | 1 |
| Quantum Solar Power Corp. | 205.0 | 65.0 | 61.0 | 45.0 | 94.0 | 41.0 | 51 | 96 | 1 |
| TranSwitch Corporation | 57.0 | 61.0 | 69.0 | 42.0 | 92.0 | 37.0 | 55 | 97 | 1 |
Income Statement Analysis
While overall, SolarEdge's income statement metrics were good, two metrics jumped up as significant positive drivers of the income statement's strength in SolarEdge's recent report: EBITDA and Return Factors. SolarEdge's management did a remarkable job this period managing its EBITDA. In terms of the raw numbers, EBITDA was reported as 262.9M, which represents a 11.5% change from the last period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 13.0%. Its EBITDA metrics highlight an impressive overall financial performance, which is expected to continue moving forward. The company's EBITDA movement, therefore, received a grade of 81. Also, Return factors metrics and ratios were exceptional in this report. SolarEdge reported a return on equity (ROE) ratio of 14.1, representing a change of 10.1% from the last report. These numbers show that management has successfully encouraged growth while managing ROE and ROA metrics, especially relative to their peers. Therefore, its return factors component earned a score of 77. That said, one metric, Revenue Efficiency, stood out as strongly negative. SolarEdge management did an underwhelming job managing revenue efficiency this past period. SolarEdge's revenue efficiency is 2.0B according to the metrics in the current filing, which represents a 10.9% change from the previous report. This metric might have a 16.3 percent impact on companies in the same industry and with the same market capitalization. Their revenue efficiency does not make a compelling case for upward pressure on the company's stock price. Its revenue efficiency, therefore, received a grade of 46. Therefore, its income statement earned a grade of 62.
| Parameter | Value | Change | Score |
|---|---|---|---|
| EBITDA | 262.9M | 11.5% | 81 |
| Total Revenues | 2.0B | 10.9% | 46 |
| Return on Equity | 14.1 | 10.1% | 77 |
The below chart describes SolarEdge's performance as reflected on its income statement with respect to its peers. While SolarEdge received a income statement score of 62 , the average of its peers stands on 63.0.
- SEDG
- Peers average
| Name | Market Cap | Revenue Momentum | Earning Movement | Return Factors Momentum | Income Statement | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|
| NVIDIA Corporation | 470.1B | 45.0 | 80.0 | 63.0 | 62 | 0 | 1 |
| QUALCOMM Incorporated | 170.0B | 50.0 | 90.0 | 62.0 | 67 | 1 | 1 |
| Texas Instruments Incorporated | 163.1B | 68.0 | 78.0 | 64.0 | 71 | 2 | 1 |
| Advanced Micro Devices, Inc. | 162.1B | 40.0 | 86.0 | 58.0 | 59 | 3 | 1 |
| Intel Corporation | 148.6B | 95.0 | 44.0 | 52.0 | 71 | 4 | 1 |
| Applied Materials, Inc. | 94.2B | 82.0 | 59.0 | 63.0 | 74 | 5 | 1 |
| Analog Devices, Inc. | 87.5B | 40.0 | 90.0 | 81.0 | 63 | 6 | 1 |
| Micron Technology, Inc. | 69.5B | 64.0 | 79.0 | 75.0 | 71 | 7 | 1 |
| Lam Research Corporation | 68.9B | 71.0 | 59.0 | 67.0 | 69 | 8 | 1 |
| KLA Corporation | 54.2B | 53.0 | 81.0 | 91.0 | 66 | 9 | 1 |
| NXP Semiconductors N.V. | 48.0B | 54.0 | 87.0 | 83.0 | 69 | 10 | 1 |
| Marvell Technology, Inc. | 46.4B | 40.0 | 85.0 | 84.0 | 62 | 11 | 1 |
| Microchip Technology Incorporated | 40.2B | 55.0 | 86.0 | 82.0 | 69 | 12 | 1 |
| ON Semiconductor Corporation | 31.7B | 56.0 | 90.0 | 79.0 | 71 | 13 | 1 |
| Monolithic Power Systems, Inc. | 24.7B | 40.0 | 94.0 | 80.0 | 64 | 14 | 1 |
| Skyworks Solutions, Inc. | 17.8B | 75.0 | 69.0 | 58.0 | 72 | 15 | 1 |
| Teradyne, Inc. | 15.8B | 96.0 | 48.0 | 56.0 | 74 | 16 | 1 |
| Entegris, Inc. | 15.7B | 59.0 | 72.0 | 65.0 | 64 | 17 | 1 |
| First Solar, Inc. | 12.6B | 88.0 | 42.0 | 58.0 | 67 | 18 | 1 |
| Qorvo, Inc. | 11.0B | 90.0 | 47.0 | 53.0 | 70 | 19 | 1 |
| Lattice Semiconductor Corporation | 8.5B | 53.0 | 91.0 | 82.0 | 70 | 20 | 1 |
| MKS Instruments, Inc. | 7.5B | 84.0 | 57.0 | 59.0 | 71 | 21 | 1 |
| Universal Display Corporation | 6.0B | 81.0 | 67.0 | 62.0 | 74 | 22 | 1 |
| Synaptics Incorporated | 5.7B | 43.0 | 94.0 | 84.0 | 78 | 23 | 1 |
| Amkor Technology, Inc. | 5.4B | 79.0 | 63.0 | 61.0 | 72 | 24 | 1 |
| Tower Semiconductor Ltd. | 5.1B | 61.0 | 84.0 | 80.0 | 72 | 25 | 1 |
| Allegro MicroSystems, Inc. | 5.0B | 65.0 | 50.0 | 54.0 | 57 | 26 | 1 |
| Silicon Laboratories Inc. | 4.9B | 41.0 | 94.0 | 90.0 | 65 | 27 | 1 |
| Cirrus Logic, Inc. | 4.9B | 52.0 | 84.0 | 74.0 | 66 | 28 | 1 |
| Power Integrations, Inc. | 4.8B | 84.0 | 82.0 | 81.0 | 83 | 29 | 1 |
| SunPower Corporation | 4.5B | 42.0 | 37.0 | 45.0 | 38 | 30 | 1 |
| Diodes Incorporated | 3.7B | 69.0 | 84.0 | 69.0 | 75 | 31 | 1 |
| Ambarella, Inc. | 3.5B | 56.0 | 86.0 | 78.0 | 71 | 32 | 1 |
| Semtech Corporation | 3.5B | 63.0 | 83.0 | 86.0 | 74 | 33 | 1 |
| MaxLinear, Inc. | 3.2B | 48.0 | 93.0 | 86.0 | 68 | 34 | 1 |
| Rambus Inc. | 3.2B | 43.0 | 92.0 | 88.0 | 66 | 35 | 1 |
| Nova Ltd. | 3.1B | 43.0 | 80.0 | 74.0 | 68 | 36 | 1 |
| Kulicke and Soffa Industries, Inc. | 2.8B | 93.0 | 64.0 | 59.0 | 79 | 37 | 1 |
| Silicon Motion Technology Corporation | 2.8B | 69.0 | 68.0 | 60.0 | 72 | 38 | 1 |
| FormFactor, Inc. | 2.6B | 76.0 | 79.0 | 81.0 | 78 | 39 | 1 |
| Axcelis Technologies, Inc. | 2.5B | 44.0 | 92.0 | 82.0 | 66 | 40 | 1 |
| Impinj, Inc. | 2.5B | 53.0 | 65.0 | 57.0 | 58 | 41 | 1 |
| Ultra Clean Holdings, Inc. | 1.5B | 63.0 | 75.0 | 48.0 | 67 | 42 | 1 |
| Photronics, Inc. | 1.5B | 55.0 | 85.0 | 92.0 | 71 | 43 | 1 |
| Cohu, Inc. | 1.4B | 94.0 | 55.0 | 47.0 | 75 | 44 | 1 |
| Himax Technologies, Inc. | 1.2B | 95.0 | 49.0 | 53.0 | 73 | 45 | 1 |
| Veeco Instruments Inc. | 1.2B | 70.0 | 61.0 | 76.0 | 66 | 46 | 1 |
| Alpha and Omega Semiconductor Limited | 1.1B | 74.0 | 54.0 | 56.0 | 66 | 47 | 1 |
| PDF Solutions, Inc. | 1.0B | 54.0 | 97.0 | 80.0 | 74 | 48 | 1 |
| CEVA, Inc. | 777.8M | 76.0 | 49.0 | 47.0 | 63 | 49 | 1 |
| AXT, Inc. | 408.0M | 54.0 | 80.0 | 70.0 | 66 | 50 | 1 |
| Amtech Systems, Inc. | 155.1M | 92.0 | 70.0 | 38.0 | 71 | 51 | 1 |
| O2Micro International Limited | 105.8M | 90.0 | 45.0 | 51.0 | 61 | 52 | 1 |
| GSI Technology, Inc. | 95.3M | 76.0 | 70.0 | 66.0 | 74 | 53 | 1 |
| SPI Energy Co., Ltd. | 63.4M | 70.0 | 72.0 | 69.0 | 74 | 54 | 1 |
| Wolfspeed, Inc. | 14.0B | 39.0 | 58.0 | 47.0 | 48 | 55 | 1 |
| Onto Innovation Inc. | 4.0B | 50.0 | 84.0 | 74.0 | 65 | 56 | 1 |
| Camtek Ltd. | 1.4B | 63.0 | 70.0 | 66.0 | 71 | 57 | 1 |
| Mykrolis Corp. | 657.1M | 68.0 | 68.0 | 59.0 | 67 | 58 | 1 |
| Aehr Test Systems | 468.2M | 38.0 | 98.0 | 91.0 | 82 | 59 | 1 |
| ChipMOS TECHNOLOGIES (Bermuda) LTD. | 417.9M | 87.0 | 49.0 | 76.0 | 66 | 60 | 1 |
| CyberOptics Corporation | 394.2M | 74.0 | 79.0 | 71.0 | 76 | 61 | 1 |
| Helix Technology Corporation | 364.9M | 89.0 | 47.0 | 45.0 | 74 | 62 | 1 |
| Chun Can Capital Group | 352.1M | 39.0 | 67.0 | 76.0 | 54 | 63 | 1 |
| NVE Corporation | 253.7M | 74.0 | 73.0 | 73.0 | 77 | 64 | 1 |
| Intellon Corporation | 227.6M | 59.0 | 74.0 | 91.0 | 70 | 65 | 1 |
| SolarWindow Technologies, Inc. | 186.2M | 79.0 | 78.0 | 78.0 | 84 | 66 | 1 |
| Sequans Communications S.A. | 156.3M | 61.0 | 63.0 | 82.0 | 70 | 67 | 1 |
| Kopin Corporation | 144.1M | 57.0 | 51.0 | 60.0 | 53 | 68 | 1 |
| Pixelworks, Inc. | 127.7M | 48.0 | 58.0 | 63.0 | 55 | 69 | 1 |
| inTEST Corporation | 103.2M | 46.0 | 57.0 | 63.0 | 54 | 70 | 1 |
| QuickLogic Corporation | 92.5M | 43.0 | 90.0 | 78.0 | 79 | 71 | 1 |
| MathStar, Inc. | 75.7M | 98.0 | 66.0 | 66.0 | 79 | 72 | 1 |
| eMagin Corporation | 61.4M | 61.0 | 65.0 | 87.0 | 73 | 73 | 1 |
| Trident Microsystems, Inc. | 51.3M | 97.0 | 51.0 | 43.0 | 74 | 74 | 1 |
| MoSys, Inc. | 39.2M | 94.0 | 56.0 | 58.0 | 68 | 75 | 1 |
| Rubicon Technology, Inc. | 35.9M | 84.0 | 97.0 | 80.0 | 98 | 76 | 1 |
| CVD Equipment Corporation | 34.5M | 45.0 | 61.0 | 83.0 | 62 | 77 | 1 |
| Trikon Technologies Inc. | 23.8M | 50.0 | 78.0 | 81.0 | 77 | 78 | 1 |
| Solitron Devices, Inc. | 22.1M | 97.0 | 46.0 | 52.0 | 62 | 79 | 1 |
| Trio-Tech International | 21.4M | 49.0 | 57.0 | 69.0 | 56 | 80 | 1 |
| SCI Engineered Materials, Inc. | 15.9M | 39.0 | 91.0 | 71.0 | 76 | 81 | 1 |
| Genesis Electronics Group, Inc. | 15.4M | 98.0 | 41.0 | 40.0 | 67 | 82 | 1 |
| Patriot Scientific Corporation | 2.6M | 70.0 | 74.0 | 58.0 | 69 | 83 | 1 |
| P2 Solar, Inc | 2.4M | 67.0 | 51.0 | 64.0 | 57 | 84 | 1 |
| STR Holdings, Inc. | 1.7M | 92.0 | 78.0 | 73.0 | 83 | 85 | 1 |
| Metalink Ltd. | 1.3M | 54.0 | 90.0 | 84.0 | 81 | 86 | 1 |
| Energy Conversion Devices, Inc. | 1.0M | 97.0 | 51.0 | 56.0 | 69 | 87 | 1 |
| Global Innovative Platforms Inc. | 965.8K | 99.0 | 57.0 | 69.0 | 76 | 88 | 1 |
| NeoMagic Corporation | 931.0K | 45.0 | 70.0 | 81.0 | 69 | 89 | 1 |
| Evergreen Solar Inc. | 841.6K | 97.0 | 42.0 | 55.0 | 66 | 90 | 1 |
| Asyst Technologies, Inc. | 293.9K | 84.0 | 61.0 | 73.0 | 74 | 91 | 1 |
| NanoFlex Power Corporation | 210.5K | 98.0 | 76.0 | 81.0 | 83 | 92 | 1 |
| Electroglas, Inc. | 32.2K | 89.0 | 60.0 | 58.0 | 65 | 93 | 1 |
| MCT, Inc. | 30.3K | 43.0 | 91.0 | 89.0 | 80 | 94 | 1 |
| Solar Enertech Corp. | 18.3K | 96.0 | 72.0 | 37.0 | 77 | 95 | 1 |
| Quantum Solar Power Corp. | 205.0 | 68.0 | 89.0 | 78.0 | 81 | 96 | 1 |
| TranSwitch Corporation | 57.0 | 89.0 | 85.0 | 77.0 | 86 | 97 | 1 |
Cash Flow Analysis
All in all, the most important metrics within SolarEdge's cash flow looked encouraging. Free cash flow numbers published by SolarEdge were 1.2, which was a 250.2% change from the previous filing. Companies in the same industry and market capitalization are typically affected by this parameter by up to 7.5%. These free cash flow numbers show that management has executed well while generating cash flow and encouraging growth. Therefore, its free cash flow movement earned a score of 96. Also, SolarEdge's published asset turnover numbers were encouraging and reflected management's balanced change strategy. SolarEdge recorded asset turnover of 0.7, which represents a 2.7% change from the previous report. This metric might have a 10.5 percent impact on companies in the same industry and with the same market capitalization. Their asset turnover numbers are significantly more impressive when contrasted against their peers and competitors. The company's asset turnover movement, therefore, received a grade of 82. That said, one metric, Capital Expenditure, stood out as strongly negative. SolarEdge's management was ineffective in materially improving CapEx, which now sits at -149.3M and represents a -11.9% change from the previous report. The company's disappointing CapEx growth is expected to stunt the momentum they hoped for this period. Therefore, their CapEx movement component earned a score of 59. Therefore, it received a score of 79.
| Parameter | Value | Change | Score |
|---|---|---|---|
| Net Cashflow | -297.1M | 43.0% | 61 |
| Capital Expenditure | -149.3M | -11.9% | 59 |
| Asset Turnover | 0.7 | 2.7% | 82 |
| Free Cashflow Per Share | 1.2 | 250.2% | 96 |
The below chart describes SolarEdge's performance as reflected on its cash flow with respect to its peers. While SolarEdge received a cash flow score of 79, the average of its peers stands on 66.0.
- SEDG
- Peers average
| Name | Market Cap | Cashflow Momentum | Free Cashflow Growth | Capital Expenditure Growth | Assets Factors Momentum | Cash Flow | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|---|
| NVIDIA Corporation | 470.1B | 92.0 | 66.0 | 61.0 | 87.0 | 84 | 0 | 1 |
| QUALCOMM Incorporated | 170.0B | 63.0 | 60.0 | 66.0 | 70.0 | 66 | 1 | 1 |
| Texas Instruments Incorporated | 163.1B | 75.0 | 59.0 | 56.0 | 76.0 | 71 | 2 | 1 |
| Advanced Micro Devices, Inc. | 162.1B | 58.0 | 60.0 | 45.0 | 88.0 | 72 | 3 | 1 |
| Intel Corporation | 148.6B | 65.0 | 41.0 | 48.0 | 55.0 | 52 | 4 | 1 |
| Applied Materials, Inc. | 94.2B | 56.0 | 58.0 | 53.0 | 62.0 | 54 | 5 | 1 |
| Analog Devices, Inc. | 87.5B | 74.0 | 78.0 | 46.0 | 92.0 | 83 | 6 | 1 |
| Micron Technology, Inc. | 69.5B | 77.0 | 65.0 | 64.0 | 64.0 | 67 | 7 | 1 |
| Lam Research Corporation | 68.9B | 46.0 | 48.0 | 62.0 | 55.0 | 47 | 8 | 1 |
| KLA Corporation | 54.2B | 83.0 | 81.0 | 79.0 | 68.0 | 76 | 9 | 1 |
| NXP Semiconductors N.V. | 48.0B | 76.0 | 75.0 | 50.0 | 59.0 | 64 | 10 | 1 |
| Marvell Technology, Inc. | 46.4B | 93.0 | 85.0 | 58.0 | 48.0 | 66 | 11 | 1 |
| Microchip Technology Incorporated | 40.2B | 78.0 | 77.0 | 54.0 | 82.0 | 79 | 12 | 1 |
| ON Semiconductor Corporation | 31.7B | 54.0 | 55.0 | 42.0 | 73.0 | 61 | 13 | 1 |
| Monolithic Power Systems, Inc. | 24.7B | 80.0 | 81.0 | 95.0 | 80.0 | 84 | 14 | 1 |
| Skyworks Solutions, Inc. | 17.8B | 78.0 | 61.0 | 68.0 | 53.0 | 61 | 15 | 1 |
| Teradyne, Inc. | 15.8B | 67.0 | 58.0 | 56.0 | 52.0 | 55 | 16 | 1 |
| Entegris, Inc. | 15.7B | 56.0 | 52.0 | 43.0 | 37.0 | 41 | 17 | 1 |
| First Solar, Inc. | 12.6B | 44.0 | 43.0 | 47.0 | 55.0 | 47 | 18 | 1 |
| Qorvo, Inc. | 11.0B | 72.0 | 63.0 | 87.0 | 63.0 | 67 | 19 | 1 |
| Lattice Semiconductor Corporation | 8.5B | 73.0 | 76.0 | 53.0 | 81.0 | 77 | 20 | 1 |
| MKS Instruments, Inc. | 7.5B | 57.0 | 52.0 | 38.0 | 54.0 | 50 | 21 | 1 |
| Universal Display Corporation | 6.0B | 73.0 | 74.0 | 76.0 | 55.0 | 64 | 22 | 1 |
| Synaptics Incorporated | 5.7B | 80.0 | 59.0 | 98.0 | 74.0 | 82 | 23 | 1 |
| Amkor Technology, Inc. | 5.4B | 77.0 | 65.0 | 66.0 | 55.0 | 62 | 24 | 1 |
| Tower Semiconductor Ltd. | 5.1B | 62.0 | 86.0 | 63.0 | 77.0 | 75 | 25 | 1 |
| Allegro MicroSystems, Inc. | 5.0B | 83.0 | 64.0 | 78.0 | 60.0 | 68 | 26 | 1 |
| Silicon Laboratories Inc. | 4.9B | 69.0 | 40.0 | 54.0 | 96.0 | 77 | 27 | 1 |
| Cirrus Logic, Inc. | 4.9B | 87.0 | 94.0 | 91.0 | 81.0 | 89 | 28 | 1 |
| Power Integrations, Inc. | 4.8B | 78.0 | 64.0 | 54.0 | 87.0 | 79 | 29 | 1 |
| SunPower Corporation | 4.5B | 53.0 | 45.0 | 38.0 | 86.0 | 66 | 30 | 1 |
| Diodes Incorporated | 3.7B | 56.0 | 57.0 | 55.0 | 66.0 | 60 | 31 | 1 |
| Ambarella, Inc. | 3.5B | 85.0 | 95.0 | 45.0 | 74.0 | 80 | 32 | 1 |
| Semtech Corporation | 3.5B | 79.0 | 78.0 | 58.0 | 77.0 | 77 | 33 | 1 |
| MaxLinear, Inc. | 3.2B | 89.0 | 90.0 | 77.0 | 78.0 | 85 | 34 | 1 |
| Rambus Inc. | 3.2B | 51.0 | 73.0 | 43.0 | 85.0 | 71 | 35 | 1 |
| Nova Ltd. | 3.1B | 74.0 | 58.0 | 41.0 | 95.0 | 67 | 36 | 1 |
| Kulicke and Soffa Industries, Inc. | 2.8B | 71.0 | 76.0 | 91.0 | 43.0 | 59 | 37 | 1 |
| Silicon Motion Technology Corporation | 2.8B | 52.0 | 45.0 | 82.0 | 70.0 | 56 | 38 | 1 |
| FormFactor, Inc. | 2.6B | 76.0 | 81.0 | 81.0 | 75.0 | 79 | 39 | 1 |
| Axcelis Technologies, Inc. | 2.5B | 64.0 | 54.0 | 55.0 | 80.0 | 70 | 40 | 1 |
| Impinj, Inc. | 2.5B | 74.0 | 90.0 | 92.0 | 82.0 | 85 | 41 | 1 |
| Ultra Clean Holdings, Inc. | 1.5B | 83.0 | 98.0 | 66.0 | 42.0 | 63 | 42 | 1 |
| Photronics, Inc. | 1.5B | 66.0 | 92.0 | 96.0 | 78.0 | 82 | 43 | 1 |
| Cohu, Inc. | 1.4B | 73.0 | 82.0 | 67.0 | 51.0 | 63 | 44 | 1 |
| Himax Technologies, Inc. | 1.2B | 50.0 | 50.0 | 51.0 | 42.0 | 46 | 45 | 1 |
| Veeco Instruments Inc. | 1.2B | 65.0 | 56.0 | 82.0 | 64.0 | 64 | 46 | 1 |
| Alpha and Omega Semiconductor Limited | 1.1B | 68.0 | 69.0 | 74.0 | 43.0 | 66 | 47 | 1 |
| PDF Solutions, Inc. | 1.0B | 87.0 | 45.0 | 40.0 | 90.0 | 77 | 48 | 1 |
| CEVA, Inc. | 777.8M | 87.0 | 56.0 | 39.0 | 77.0 | 72 | 49 | 1 |
| AXT, Inc. | 408.0M | 82.0 | 79.0 | 48.0 | 64.0 | 70 | 50 | 1 |
| Amtech Systems, Inc. | 155.1M | 96.0 | 94.0 | 98.0 | 44.0 | 76 | 51 | 1 |
| O2Micro International Limited | 105.8M | 65.0 | 65.0 | 69.0 | 49.0 | 61 | 52 | 1 |
| GSI Technology, Inc. | 95.3M | 65.0 | 56.0 | 51.0 | 74.0 | 68 | 53 | 1 |
| SPI Energy Co., Ltd. | 63.4M | 77.0 | 87.0 | 38.0 | 58.0 | 68 | 54 | 1 |
| Wolfspeed, Inc. | 14.0B | 80.0 | 84.0 | 89.0 | 62.0 | 83 | 55 | 1 |
| Onto Innovation Inc. | 4.0B | 48.0 | 58.0 | 89.0 | 75.0 | 67 | 56 | 1 |
| Camtek Ltd. | 1.4B | 68.0 | 69.0 | 74.0 | 76.0 | 70 | 57 | 1 |
| Mykrolis Corp. | 657.1M | 65.0 | 69.0 | 67.0 | 81.0 | 75 | 58 | 1 |
| Aehr Test Systems | 468.2M | 65.0 | 65.0 | 69.0 | 91.0 | 77 | 59 | 1 |
| ChipMOS TECHNOLOGIES (Bermuda) LTD. | 417.9M | 66.0 | 64.0 | 68.0 | 94.0 | 72 | 60 | 1 |
| CyberOptics Corporation | 394.2M | 39.0 | 54.0 | 55.0 | 48.0 | 44 | 61 | 1 |
| Helix Technology Corporation | 364.9M | 74.0 | 61.0 | 62.0 | 56.0 | 61 | 62 | 1 |
| Chun Can Capital Group | 352.1M | 56.0 | 42.0 | 62.0 | 95.0 | 65 | 63 | 1 |
| NVE Corporation | 253.7M | 72.0 | 76.0 | 77.0 | 67.0 | 72 | 64 | 1 |
| Intellon Corporation | 227.6M | 50.0 | 90.0 | 50.0 | 77.0 | 72 | 65 | 1 |
| SolarWindow Technologies, Inc. | 186.2M | 60.0 | 55.0 | 53.0 | 57.0 | 57 | 66 | 1 |
| Sequans Communications S.A. | 156.3M | 45.0 | 79.0 | 86.0 | 50.0 | 59 | 67 | 1 |
| Kopin Corporation | 144.1M | 46.0 | 48.0 | 89.0 | 83.0 | 66 | 68 | 1 |
| Pixelworks, Inc. | 127.7M | 47.0 | 46.0 | 54.0 | 89.0 | 66 | 69 | 1 |
| inTEST Corporation | 103.2M | 52.0 | 41.0 | 43.0 | 79.0 | 61 | 70 | 1 |
| QuickLogic Corporation | 92.5M | 83.0 | 81.0 | 38.0 | 86.0 | 83 | 71 | 1 |
| MathStar, Inc. | 75.7M | 79.0 | 80.0 | 59.0 | 59.0 | 74 | 72 | 1 |
| eMagin Corporation | 61.4M | 61.0 | 51.0 | 48.0 | 68.0 | 62 | 73 | 1 |
| Trident Microsystems, Inc. | 51.3M | 67.0 | 71.0 | 66.0 | 74.0 | 76 | 74 | 1 |
| MoSys, Inc. | 39.2M | 56.0 | 64.0 | 57.0 | 60.0 | 62 | 75 | 1 |
| Rubicon Technology, Inc. | 35.9M | 38.0 | 38.0 | 91.0 | 62.0 | 52 | 76 | 1 |
| CVD Equipment Corporation | 34.5M | 53.0 | 50.0 | 56.0 | 88.0 | 69 | 77 | 1 |
| Trikon Technologies Inc. | 23.8M | 63.0 | 86.0 | 98.0 | 87.0 | 81 | 78 | 1 |
| Solitron Devices, Inc. | 22.1M | 89.0 | 95.0 | 95.0 | 51.0 | 76 | 79 | 1 |
| Trio-Tech International | 21.4M | 61.0 | 41.0 | 77.0 | 79.0 | 70 | 80 | 1 |
| SCI Engineered Materials, Inc. | 15.9M | 71.0 | 82.0 | 92.0 | 87.0 | 84 | 81 | 1 |
| Genesis Electronics Group, Inc. | 15.4M | 62.0 | 71.0 | 70.0 | 98.0 | 80 | 82 | 1 |
| Patriot Scientific Corporation | 2.6M | 66.0 | 59.0 | 44.0 | 69.0 | 62 | 83 | 1 |
| P2 Solar, Inc | 2.4M | 51.0 | 48.0 | 61.0 | 59.0 | 52 | 84 | 1 |
| STR Holdings, Inc. | 1.7M | 62.0 | 72.0 | 41.0 | 63.0 | 63 | 85 | 1 |
| Metalink Ltd. | 1.3M | 69.0 | 66.0 | 65.0 | 90.0 | 84 | 86 | 1 |
| Energy Conversion Devices, Inc. | 1.0M | 60.0 | 56.0 | 86.0 | 47.0 | 61 | 87 | 1 |
| Global Innovative Platforms Inc. | 965.8K | 86.0 | 63.0 | 49.0 | 42.0 | 59 | 88 | 1 |
| NeoMagic Corporation | 931.0K | 68.0 | 66.0 | 67.0 | 64.0 | 63 | 89 | 1 |
| Evergreen Solar Inc. | 841.6K | 74.0 | 74.0 | 90.0 | 66.0 | 78 | 90 | 1 |
| Asyst Technologies, Inc. | 293.9K | 66.0 | 95.0 | 77.0 | 73.0 | 74 | 91 | 1 |
| NanoFlex Power Corporation | 210.5K | 54.0 | 72.0 | 86.0 | 39.0 | 55 | 92 | 1 |
| Electroglas, Inc. | 32.2K | 46.0 | 88.0 | 55.0 | 75.0 | 68 | 93 | 1 |
| MCT, Inc. | 30.3K | 69.0 | 72.0 | 65.0 | 85.0 | 82 | 94 | 1 |
| Solar Enertech Corp. | 18.3K | 80.0 | 90.0 | 41.0 | 65.0 | 74 | 95 | 1 |
| Quantum Solar Power Corp. | 205.0 | 55.0 | 73.0 | 66.0 | 82.0 | 73 | 96 | 1 |
| TranSwitch Corporation | 57.0 | 53.0 | 75.0 | 76.0 | 91.0 | 78 | 97 | 1 |