Loading..

SolarEdge Technologies, Inc. (SEDG) Report Analysis

Corporate Events

Negative

Solaredge Technologies, Inc. Reports Assets Imp...

2022-11-07 21:02:00

SolarEdge Technologies, Inc. reported assets impairment for the third quarter ended September 30, 2022. For the quarter, the company reported ...

Neutral

SolarEdge Technologies, Inc. Provides Earnings ...

2022-11-07 21:02:00

SolarEdge Technologies, Inc. provided earnings guidance for the fourth quarter ending December 31, 2022. For the quarter, the company expects ...

Negative

Johnson Fistel, LLP Files Class Action against ...

2022-11-04 00:26:00

Johnson Fistel, LLP announced that a class action lawsuit has commenced on behalf of investors of SolarEdge Technologies Inc. (“SolarEdge” or ...

Neutral

SolarEdge Technologies, Inc. to Report Q3, 2022...

2022-10-18 20:10:00

SolarEdge Technologies, Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 07, 2022

Neutral

SolarEdge Technologies, Inc., Q3 2022 Earnings ...

2022-10-18 20:10:00

SolarEdge Technologies, Inc., Q3 2022 Earnings Call, Nov 07, 2022

Neutral

SolarEdge Technologies, Inc. Presents at Credit...

2022-09-27 16:08:00

SolarEdge Technologies, Inc. Presents at Credit Suisse 26th Annual Technology Conference, Nov-28-2022 through Dec-01-2022. Venue: Scottsdale, ...

Positive

SolarEdge Technologies, Inc. Introduces New Loa...

2022-09-20 15:00:00

SolarEdge Technologies, Inc. announced at RE+ (booth #2416) Anaheim, California the launch of the SolarEdge Home Load Controller, the latest a...

Neutral

SolarEdge Technologies, Inc. Provides Earnings ...

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 ...

Negative

Ampt Brings Patent Infringement Lawsuits Agains...

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 ...

Neutral

SolarEdge Technologies, Inc. to Report Q2, 2022...

2022-07-19 23:14:00

SolarEdge Technologies, Inc. announced that they will report Q2, 2022 results Pre-Market on Aug 02, 2022

Neutral

SolarEdge Technologies, Inc., Q2 2022 Earnings ...

2022-07-19 23:14:00

SolarEdge Technologies, Inc., Q2 2022 Earnings Call, Aug 02, 2022

Neutral

SolarEdge Technologies, Inc. Presents at 11th A...

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 .

Neutral

SolarEdge Technologies, Inc. Presents at Oppenh...

2022-07-05 14:41:00

SolarEdge Technologies, Inc. Presents at Oppenheimer 25th Annual Technology, Internet & Communications Conference, Aug-10-2022 09:05 AM.

Neutral

Needham & Company, LLC, 11th Annual Needham Vir...

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.

Positive

SolarEdge Opens 2GWh New Battery Cell Facility ...

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) b...

Neutral

SolarEdge Technologies, Inc. Signs Global Paten...

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. Th...

Positive

SolarEdge Announces the Launch of SolarEdge Hom...

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...

Neutral

SolarEdge Technologies, Inc. Provides Revenue G...

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...

Neutral

SolarEdge Technologies, Inc., Annual General Me...

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 Californ...

Neutral

SolarEdge Technologies, Inc. Presents at Cowen ...

2022-04-29 20:10:00

SolarEdge Technologies, Inc. Presents at Cowen 2nd Annual Sustainability & Energy Transition Summit, Jun-07-2022 08:30 AM.

Negative

SolarEdge Technologies, Inc. Appoints Dirk Cars...

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 app...

Negative

SolarEdge Technologies, Inc. Announces Changes ...

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, ef...

Neutral

SolarEdge Technologies, Inc. to Report Q1, 2022...

2022-04-18 20:30:00

SolarEdge Technologies, Inc. announced that they will report Q1, 2022 results After-Market on May 02, 2022

Neutral

SolarEdge Technologies, Inc., Q1 2022 Earnings ...

2022-04-18 20:30:00

SolarEdge Technologies, Inc., Q1 2022 Earnings Call, May 02, 2022

Neutral

ROTH Capital Partners, LLC, ROTH 8th Annual Lon...

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.

Neutral

SolarEdge Technologies, Inc. Presents at Citi’s...

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, ...

Neutral

SolarEdge Technologies, Inc. Presents at ROTH 8...

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...

Neutral

Credit Suisse Group AG, 2022 Credit Suisse Rene...

2022-04-01 14:27:00

Credit Suisse Group AG, 2022 Credit Suisse Renewables and Utilities Conference, May 12, 2022.

Neutral

SolarEdge Technologies, Inc. Presents at 2022 C...

2022-04-01 14:27:00

SolarEdge Technologies, Inc. Presents at 2022 Credit Suisse Renewables and Utilities Conference, May-12-2022 .

Neutral

SolarEdge Technologies, Inc. Presents at J.P. M...

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 Ne...

Neutral

Citigroup Inc., Citi’s 2022 Global Energy, Util...

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, Mass...

Neutral

Oppenheimer & Co. Inc., Oppenheimer 25th Annual...

2022-03-16 16:15:00

Oppenheimer & Co. Inc., Oppenheimer 25th Annual Technology, Internet & Communications Conference, Aug 09, 2022 through Aug 10, 2022.

Neutral

Oppenheimer & Co. Inc., Oppenheimer’s 23rd Annu...

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.

Neutral

SolarEdge Technologies, Inc. Presents at Oppenh...

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 Hot...

Neutral

JPMorgan Chase & Co., J.P. Morgan Energy, Power...

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...

Neutral

Cowen Inc., Cowen 2nd Annual Sustainability & E...

2022-02-23 03:09:00

Cowen Inc., Cowen 2nd Annual Sustainability & Energy Transition Summit, Jun 07, 2022.

Neutral

Credit Suisse Group AG, Credit Suisse 26th Annu...

2022-01-26 13:15:00

Credit Suisse Group AG, Credit Suisse 26th Annual Technology Conference, Nov 28, 2022 through Dec 01, 2022. Venue: Scottsdale, Arizona, United States.

Positive

SolarEdge Technologies, Inc.(NasdaqGS:SEDG) add...

2021-12-20 00:00:00

SolarEdge Technologies, Inc.(NasdaqGS:SEDG) added to S&P 500

Positive

SolarEdge Technologies, Inc.(NasdaqGS:SEDG) add...

2021-12-20 00:00:00

SolarEdge Technologies, Inc.(NasdaqGS:SEDG) added to S&P 500 Growth

Positive

SolarEdge Technologies, Inc.(NasdaqGS:SEDG) add...

2021-12-20 00:00:00

SolarEdge Technologies, Inc.(NasdaqGS:SEDG) added to S&P 500 Value

Positive

SolarEdge Technologies, Inc.(NasdaqGS:SEDG) add...

2021-12-20 00:00:00

SolarEdge Technologies, Inc.(NasdaqGS:SEDG) added to S&P Global 1200

Positive

SolarEdge Technologies, Inc.(NasdaqGS:SEDG) add...

2021-12-20 00:00:00

SolarEdge Technologies, Inc.(NasdaqGS:SEDG) added to S&P 500 Information Technology (Sector)

Positive

SolarEdge Technologies, Inc.(NasdaqGS:SEDG) add...

2021-12-20 00:00:00

SolarEdge Technologies, Inc.(NasdaqGS:SEDG) added to INDUSTRIALS

Positive

SolarEdge Technologies, Inc.(NasdaqGS:SEDG) add...

2021-12-10 00:00:00

SolarEdge Technologies, Inc.(NasdaqGS:SEDG) added to S&P 500 EQUAL WEIGHTED

Negative

SolarEdge Technologies, Inc.(NasdaqGS:SEDG) dro...

2021-12-04 00:00:00

SolarEdge Technologies, Inc.(NasdaqGS:SEDG) dropped from S&P 1000

Negative

SolarEdge Technologies, Inc.(NasdaqGS:SEDG) dro...

2021-12-04 00:00:00

SolarEdge Technologies, Inc.(NasdaqGS:SEDG) dropped from S&P 400 Information Technology (Sector)

Negative

SolarEdge Technologies, Inc.(NasdaqGS:SEDG) dro...

2021-12-04 00:00:00

SolarEdge Technologies, Inc.(NasdaqGS:SEDG) dropped from S&P 400

Neutral

SolarEdge Technologies, Inc. Presents at Goldma...

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, ...

Negative

Solaredge Technologies, Inc. Reports Assets Impairment for the Third Quarter Ended September 30, 2022

2022-11-07 21:02:00

SolarEdge Technologies, Inc. reported assets impairment for the third quarter ended September 30, 2022. For the quarter, the company reported Assets impairment of $19,000.

Neutral

SolarEdge Technologies, Inc. Provides Earnings Guidance for the Fourth Quarter Ending December 31, 2022

2022-11-07 21:02:00

SolarEdge Technologies, Inc. provided earnings guidance for the fourth quarter ending December 31, 2022. For the quarter, the company expects revenues to be within the range of $855 million to $885 million.

Negative

Johnson Fistel, LLP Files Class Action against SolarEdge Technologies Inc

2022-11-04 00:26:00

Johnson Fistel, LLP announced that a class action lawsuit has commenced on behalf of investors of SolarEdge Technologies Inc. (“SolarEdge” or the “Company”). The class action is on behalf of shareholders who purchased SolarEdge securities between August 6, 2020 to October 19, 2022, both dates inclusive (the “Class Period”). Investors are hereby notified that they have until January 3, 2023, to move the Court to serve as lead plaintiff in this action. The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements, and failed to disclose material adverse facts about the Company’s business, operational, and compliance policies. Specifically, Defendants made false and/or misleading statements and failed to disclose to investors that: (i) the designs of the power optimizers, inverters, and components thereof used to develop SolarEdge’s products potentially originated with and were misappropriated from Ampt; (ii) Ampt made claims against the Company for misappropriating Ampt’s patented technology, (iii) evidentiary support existed for the allegations that SolarEdge misappropriated certain patents relating to the design and development of the Company’s power optimizers and inverters; (iv) as a result, SolarEdge faced a threat of regulatory and/or court action, which could prohibit the import, marketing, and sale of its power optimizers and inverters, including solar energy systems that contain such products; which in turn (v) seriously threatened SolarEdge’s ability to monetize on their solar energy systems that contain the power optimizers and inverters in the United States and generate revenue; and (vi) certain revenues generated from the sale of power optimizers and inverters were potentially based on SolarEdge’s unlawful activities, including the misappropriation of patented designs by Ampt.

Neutral

SolarEdge Technologies, Inc. to Report Q3, 2022 Results on Nov 07, 2022

2022-10-18 20:10:00

SolarEdge Technologies, Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 07, 2022

Neutral

SolarEdge Technologies, Inc., Q3 2022 Earnings Call, Nov 07, 2022

2022-10-18 20:10:00

SolarEdge Technologies, Inc., Q3 2022 Earnings Call, Nov 07, 2022

Neutral

SolarEdge Technologies, Inc. Presents at Credit Suisse 26th Annual Technology Conference, Nov-28-2022 through Dec-01-2022

2022-09-27 16:08:00

SolarEdge Technologies, Inc. Presents at Credit Suisse 26th Annual Technology Conference, Nov-28-2022 through Dec-01-2022. Venue: Scottsdale, Arizona, United States. Presentation Date & Speakers: Nov-29-2022, Lior Danziger, Director of Investor Relations and Finance Operations. Nov-30-2022, Lior Danziger, Director of Investor Relations and Finance Operations.

Positive

SolarEdge Technologies, Inc. Introduces New Load Controller to the SolarEdge Home Ecosystem: a Compact, Wireless, Quick & Easy to Install Smart Energy Device

2022-09-20 15:00:00

SolarEdge Technologies, Inc. announced at RE+ (booth #2416) Anaheim, California the launch of the SolarEdge Home Load Controller, the latest addition to the SolarEdge Home ecosystem, enabling longer and smarter backup control. Available for orders from October 2022. The SolarEdge Home Load Controller is a wireless device that is designed to optimize energy consumption by controlling heavy load home appliances. Compactly designed, the size of a card deck, the Load Controller is easy-to-install, enabling remote and automatic control of home appliances such as heat pumps, EV chargers, pool and well pumps, HVAC and others. As a result, homeowners are able to increase their solar self-consumption by using excess energy that would otherwise be lost and extend their battery backup time during grid outages. Once installed, the load controller seamlessly integrates with the user-friendly mySolarEdge App, enabling homeowners to control loads directly from their smartphone. Homeowners can now schedule and track their solar energy production, battery storage, grid services (if connected), and solar self-consumption. The SolarEdge Home operating system best calculates energy usage and savings, according to personal preference while considering external factors such as weather events and utility rates.

Neutral

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.

Negative

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.

Neutral

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

Neutral

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

Neutral

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 .

Neutral

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.

Neutral

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.

Positive

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.

Neutral

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.

Positive

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.

Neutral

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.

Neutral

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.

Neutral

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.

Negative

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.

Negative

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.

Neutral

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

Neutral

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

Neutral

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.

Neutral

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.

Neutral

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.

Neutral

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.

Neutral

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 .

Neutral

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.

Neutral

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.

Neutral

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.

Neutral

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.

Neutral

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.

Neutral

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.

Neutral

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.

Neutral

Credit Suisse Group AG, Credit Suisse 26th Annual Technology Conference, Nov 28, 2022 through Dec 01, 2022

2022-01-26 13:15:00

Credit Suisse Group AG, Credit Suisse 26th Annual Technology Conference, Nov 28, 2022 through Dec 01, 2022. Venue: Scottsdale, Arizona, United States.

Positive

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

Positive

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

Positive

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

Positive

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

Positive

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)

Positive

SolarEdge Technologies, Inc.(NasdaqGS:SEDG) added to INDUSTRIALS

2021-12-20 00:00:00

SolarEdge Technologies, Inc.(NasdaqGS:SEDG) added to INDUSTRIALS

Positive

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

Negative

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

Negative

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)

Negative

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

Neutral

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.

Fundamental Summary

SolarEdge published its Q2 report on 2021-08-04 with positive results, but no significant factors particularly remarkable relative to its peers. This typically translates into the stock performing on par with market performance for the upcoming quarter. Therefore, they earned a total score of 62 out of 100 and a HOLD recommendation.

SolarEdge reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 836.72 million compared to USD 526.4 million a year ago. Net income was USD 24.74 million compared to USD 53.05 million a year ago. Basic earnings per share from continuing operations was USD 0.44 compared to USD 1.01 a year ago. Diluted earnings per share from continuing operations was USD 0.43 compared to USD 0.96 a year ago.For the nine months, sales was USD 2,219.58 million compared to USD 1,411.95 million a year ago. Net income was USD 72.95 million compared to USD 128.22 million a year ago. Basic earnings per share from continuing operations was USD 1.33 compared to USD 2.46 a year ago. Diluted earnings per share from continuing operations was USD 1.29 compared to USD 2.32 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 expected to positively boost their relative likelihood to overperform the market looking forward, as they should benefit significantly from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 2.6B 4.0% 56
Liabilities 1.4B 1.6% 65
Price to Book 12.3 -9.7% 82
Cash & Equivalents 524.1M -23.5% 45
Equity 1.2B 7.1% 72
EBITDA 197.9M 16.5% 81
Total Revenues 1.6B 10.3% 48
Parameter Value Change Score
Return on Equity 13.0 -0.3% 84
Net Cashflow 95.7M -73.5% 71
Capital Expenditure -138.4M -11.3% 56
Asset Turnover 0.8 5.3% 79
Free Cashflow Per Share -0.4 -234.3% 38
* 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 70, SolarEdge's score is 62.

  •  SEDG
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
NVIDIA Corporation 416.5B 59 70 61
Hold
63
63 0 1
Texas Instruments Incorporated 163.8B 79 70 61
Hold
73
73 1 1
QUALCOMM Incorporated 141.8B 87 66 64
Hold
75
75 2 1
Advanced Micro Devices, Inc. 125.2B 70 57 76
Hold
68
68 3 1
Intel Corporation 124.1B 54 71 47
Underperform
54
54 4 1
Broadcom Inc. 102.5B 68 68 79
Hold
75
75 5 1
Applied Materials, Inc. 94.3B 81 69 59
Hold
72
72 6 1
Analog Devices, Inc. 87.6B 74 65 45
Underperform
59
59 7 1
Lam Research Corporation 64.4B 90 68 73
Buy
83
83 8 1
Micron Technology, Inc. 62.7B 68 75 50
Hold
65
65 9 1
KLA Corporation 55.7B 85 63 72
Hold
77
77 10 1
NXP Semiconductors N.V. 45.6B 83 70 75
Buy
82
82 11 1
Microchip Technology Incorporated 43.6B 75 69 79
Buy
79
79 12 1
Marvell Technology, Inc. 39.7B 72 66 80
Hold
76
76 13 1
GLOBALFOUNDRIES Inc. 35.1B 75 73 59
Hold
72
72 14 1
ON Semiconductor Corporation 32.5B 91 68 78
Buy
86
86 15 1
First Solar, Inc. 18.4B 64 59 59
Underperform
57
57 16 1
Monolithic Power Systems, Inc. 17.9B 72 65 73
Hold
72
72 17 1
Skyworks Solutions, Inc. 15.3B 79 67 66
Hold
74
74 18 1
Teradyne, Inc. 14.6B 65 74 63
Hold
69
69 19 1
Entegris, Inc. 11.5B 79 51 42
Underperform
51
51 20 1
Qorvo, Inc. 10.1B 78 72 61
Hold
73
73 21 1
Lattice Semiconductor Corporation 10.0B 80 69 78
Buy
81
81 22 1
Amkor Technology, Inc. 6.9B 79 67 64
Hold
73
73 23 1
Allegro MicroSystems, Inc. 6.0B 77 69 75
Hold
78
78 24 1
MKS Instruments, Inc. 5.6B 79 57 50
Underperform
58
58 25 1
Universal Display Corporation 5.3B 68 71 61
Hold
68
68 26 1
Tower Semiconductor Ltd. 4.9B 74 71 75
Hold
78
78 27 1
MACOM Technology Solutions Holdings, Inc. 4.9B 71 75 58
Hold
70
70 28 1
Silicon Laboratories Inc. 4.8B 66 69 47
Underperform
58
58 29 1
Power Integrations, Inc. 4.6B 71 79 59
Hold
73
73 30 1
Synaptics Incorporated 4.2B 67 72 75
Hold
76
76 31 1
Diodes Incorporated 4.2B 84 74 61
Buy
78
78 32 1
Rambus Inc. 4.1B 56 64 84
Hold
70
70 33 1
Cirrus Logic, Inc. 4.1B 81 68 56
Hold
70
70 34 1
Impinj, Inc. 3.3B 84 68 89
Strong Buy
88
88 35 1
MaxLinear, Inc. 2.9B 70 70 78
Hold
77
77 36 1
Ambarella, Inc. 2.9B 65 59 57
Underperform
56
56 37 1
Kulicke and Soffa Industries, Inc. 2.7B 71 75 53
Hold
67
67 38 1
Axcelis Technologies, Inc. 2.6B 94 67 61
Buy
78
78 39 1
Nova Ltd. 2.5B 69 65 86
Buy
80
80 40 1
Canadian Solar Inc. 2.3B 59 53 76
Hold
64
64 41 1
Silicon Motion Technology Corporation 2.2B 69 72 76
Hold
78
78 42 1
Credo Technology Group Holding Ltd 2.0B 77 65 81
Buy
79
79 43 1
Semtech Corporation 2.0B 82 72 66
Hold
77
77 44 1
FormFactor, Inc. 1.8B 60 69 71
Hold
68
68 45 1
Cohu, Inc. 1.7B 64 79 70
Hold
75
75 46 1
Ultra Clean Holdings, Inc. 1.6B 68 66 74
Hold
72
72 47 1
Himax Technologies, Inc. 1.3B 87 68 81
Strong Buy
87
87 48 1
PDF Solutions, Inc. 1.2B 77 72 70
Hold
77
77 49 1
Photronics, Inc. 1.2B 70 70 87
Buy
82
82 50 1
Maxeon Solar Technologies, Ltd. 1.0B 60 49 75
Underperform
57
57 51 1
Veeco Instruments Inc. 1.0B 89 69 76
Buy
85
85 52 1
Alpha and Omega Semiconductor Limited 961.5M 67 65 52
Underperform
59
59 53 1
Ichor Holdings, Ltd. 857.7M 80 67 79
Buy
81
81 54 1
SMART Global Holdings, Inc. 822.2M 61 70 55
Hold
61
61 55 1
CEVA, Inc. 630.0M 62 64 73
Hold
67
67 56 1
Enphase Energy, Inc. 43.6B 80 65 84
Buy
82
82 57 1
Wolfspeed, Inc. 11.3B 70 67 89
Buy
81
81 58 1
Daqo New Energy Corp. 4.3B 74 61 65
Hold
67
67 59 1
Onto Innovation Inc. 4.0B 75 67 75
Hold
76
76 60 1
JinkoSolar Holding Co., Ltd. 2.6B 86 63 76
Buy
81
81 61 1
SiTime Corporation 2.3B 47 55 62
Underperform
48
48 62 1
indie Semiconductor, Inc. 1.2B 62 49 72
Underperform
57
57 63 1
Camtek Ltd. 1.1B 67 65 61
Hold
64
64 64 1
Hanwha Q CELLS Co., Ltd. 818.9M 63 62 63
Hold
63
63 65 1
Navitas Semiconductor Corporation 730.4M 69 41 52
Underperform
45
45 66 1
Aehr Test Systems 716.8M 59 64 87
Hold
73
73 67 1
Meta Materials Inc. 687.7M 54 43 79
Underperform
52
52 68 1
Mykrolis Corp. 657.1M 68 64 76
Hold
76
76 69 1
ACM Research, Inc. 538.7M 58 66 75
Hold
67
67 70 1
Valens Semiconductor Ltd. 457.4M 71 51 84
Hold
69
69 71 1
Magnachip Semiconductor Corporation 447.1M 57 71 57
Hold
61
61 72 1
SkyWater Technology, Inc. 427.2M 52 61 73
Underperform
60
60 73 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 58 72 59
Underperform
60
60 74 1
Helix Technology Corporation 364.9M 66 71 62
Hold
69
69 75 1
Transphorm, Inc. 325.7M 54 71 49
Underperform
55
55 76 1

Macro Environment

Neutral
76

Typically, the stock market in Israel will react to recent economic events, as well as be influenced by the sentiment in other major economies around the world, such as the United States, European Union, and China. Our assessment is that these two events may influence global market sentiment. On the negative side we have the decline in personal consumption, and on the positive side we have the government debt is being repaid at an unprecedented rate.

Positive government debt is being repaid at an unprecedented rate

In the last 12 months, the government budget operated with a surplus of 0.4% of GDP. Net redemptions in the last 12 months amounted to approximately NIS 47.6 billion, mainly in the local bond market. This is an unprecedented amount that is expected to significantly reduce the debt to GDP ratio.

Negative decline in personal consumption

Prices rose by 0.2% in September above early forecasts, indicating a strengthening inflation environment. A rise in inflation and interest rates has also increased the total mortgage repayments in the past year to an unprecedented amount of NIS 13 billion, equivalent to roughly 1.5% of household annual personal consumption. The effects of all of these are expected to moderate future demand and harm private consumption.

Besides the events we mentioned, there are also specific events related to the Semiconductors & Semiconductor Equipment industry of which SolarEdge Technologies, Inc. is a part. As a result, we believe that the chipmakers see drop in demand may cloud the sector's shares in the near time future.

Negative chipmakers see drop in demand

Companies are suffering from weaker consumer electronics demand as well as rising shipping and materials costs. In the tech industry, cost-cutting has become the new norm, and businesses that hoarded chips during the pandemic are now canceling or postponing orders and tapping their inventory instead.

In considering the current macro environment and the risks that might affect SolarEdge Technologies, Inc. stock, we came to the conclusion that recent events aren't likely to affect the company's performance in the short term, and thus rated SolarEdge Technologies, Inc. macro environment with the score of 76.

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 5-day, 50-day, and 200-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 near, 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 appears overbought. Overall, these technical indicators signal positive upward momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 73.

Bullish 73
Close Price 298.86
52W Low 193.39
52W High 365.41
5D MA 298.66
50D MA 245.49
200D MA 278.99
MACD 17.39
RSI 70.24
STOCH 59.55

Balance Sheet Analysis

While the critical metrics for SolarEdge's balance sheet were not overwhelmingly positive, nonetheless, SolarEdge's leadership seems to be consistently making smart decisions related to managing their balance sheet. SolarEdge's price to book ratio (P/B) was reported as 12.3 and represents -9.7% 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 82. Also, SolarEdge reported solid equity numbers this period. At filing, equity was reported as 1.2B, representing 7.1% change from the previous period. Companies in the same sector and market capitalization will usually be affected by up to 1.1 percent by this parameter. These metrics are all the more impressive relative to their peers and should support an upswing in their stock price. Consequently, their equity movement received a grade of 72. That said, one metric, Cash & Equivalents, stood out as particularly concerning. SolarEdge's management did a relatively poor job managing cash and cash equivalents, which now sit at 524.1M and represents a -23.5% change from the last reporting period. The company's cash and cash equivalents metrics highlight a difficult overall financial situation, which may, unfortunately, continue moving forward unless management makes significant changes. Consequently, their cash and cash equivalents movement received a grade of 45. Therefore, their balance sheet earned a grade of 67.

Parameter Value Change Score
Assets 2.6B 4.0% 56
Liabilities 1.4B 1.6% 65
Price to Book 12.3 -9.7% 82
Cash & Equivalents 524.1M -23.5% 45
Equity 1.2B 7.1% 72
* All values are TTM

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 67, the average of its peers stands on 71.

  •  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 416.5B 57.0 79.0 64.0 59.0 47.0 59 0 1
Texas Instruments Incorporated 163.8B 83.0 63.0 83.0 49.0 73.0 79 1 1
QUALCOMM Incorporated 141.8B 64.0 68.0 95.0 74.0 82.0 87 2 1
Advanced Micro Devices, Inc. 125.2B 81.0 81.0 67.0 42.0 50.0 70 3 1
Intel Corporation 124.1B 83.0 60.0 47.0 74.0 46.0 54 4 1
Broadcom Inc. 102.5B 58.0 79.0 55.0 82.0 64.0 68 5 1
Applied Materials, Inc. 94.3B 65.0 61.0 90.0 54.0 87.0 81 6 1
Analog Devices, Inc. 87.6B 67.0 82.0 71.0 64.0 60.0 74 7 1
Lam Research Corporation 64.4B 73.0 62.0 96.0 87.0 82.0 90 8 1
Micron Technology, Inc. 62.7B 70.0 63.0 78.0 56.0 60.0 68 9 1
KLA Corporation 55.7B 57.0 67.0 96.0 84.0 82.0 85 10 1
NXP Semiconductors N.V. 45.6B 68.0 75.0 81.0 77.0 75.0 83 11 1
Microchip Technology Incorporated 43.6B 55.0 78.0 79.0 48.0 75.0 75 12 1
Marvell Technology, Inc. 39.7B 62.0 78.0 59.0 92.0 63.0 72 13 1
GLOBALFOUNDRIES Inc. 35.1B 82.0 57.0 66.0 73.0 83.0 75 14 1
ON Semiconductor Corporation 32.5B 67.0 73.0 88.0 92.0 87.0 91 15 1
First Solar, Inc. 18.4B 85.0 68.0 53.0 42.0 63.0 64 16 1
Monolithic Power Systems, Inc. 17.9B 85.0 50.0 72.0 58.0 79.0 72 17 1
Skyworks Solutions, Inc. 15.3B 65.0 77.0 83.0 53.0 72.0 79 18 1
Teradyne, Inc. 14.6B 44.0 80.0 68.0 89.0 59.0 65 19 1
Entegris, Inc. 11.5B 95.0 37.0 81.0 97.0 80.0 79 20 1
Qorvo, Inc. 10.1B 66.0 80.0 76.0 77.0 66.0 78 21 1
Lattice Semiconductor Corporation 10.0B 78.0 72.0 75.0 70.0 72.0 80 22 1
Amkor Technology, Inc. 6.9B 65.0 67.0 77.0 51.0 93.0 79 23 1
Allegro MicroSystems, Inc. 6.0B 66.0 59.0 76.0 72.0 89.0 77 24 1
MKS Instruments, Inc. 5.6B 95.0 59.0 72.0 49.0 78.0 79 25 1
Universal Display Corporation 5.3B 51.0 72.0 71.0 53.0 77.0 68 26 1
Tower Semiconductor Ltd. 4.9B 64.0 68.0 67.0 70.0 81.0 74 27 1
MACOM Technology Solutions Holdings, Inc. 4.9B 60.0 55.0 75.0 56.0 93.0 71 28 1
Silicon Laboratories Inc. 4.8B 54.0 79.0 68.0 63.0 60.0 66 29 1
Power Integrations, Inc. 4.6B 44.0 68.0 74.0 97.0 80.0 71 30 1
Synaptics Incorporated 4.2B 50.0 80.0 66.0 76.0 67.0 67 31 1
Diodes Incorporated 4.2B 75.0 68.0 81.0 90.0 77.0 84 32 1
Rambus Inc. 4.1B 41.0 81.0 65.0 49.0 56.0 56 33 1
Cirrus Logic, Inc. 4.1B 65.0 74.0 86.0 59.0 76.0 81 34 1
Impinj, Inc. 3.3B 71.0 62.0 74.0 87.0 98.0 84 35 1
MaxLinear, Inc. 2.9B 45.0 80.0 73.0 51.0 78.0 70 36 1
Ambarella, Inc. 2.9B 67.0 69.0 58.0 65.0 62.0 65 37 1
Kulicke and Soffa Industries, Inc. 2.7B 48.0 78.0 71.0 89.0 70.0 71 38 1
Axcelis Technologies, Inc. 2.6B 93.0 61.0 88.0 78.0 87.0 94 39 1
Nova Ltd. 2.5B 70.0 60.0 69.0 47.0 81.0 69 40 1
Canadian Solar Inc. 2.3B 65.0 70.0 58.0 52.0 58.0 59 41 1
Silicon Motion Technology Corporation 2.2B 64.0 72.0 75.0 62.0 64.0 69 42 1
Credo Technology Group Holding Ltd 2.0B 93.0 55.0 66.0 60.0 79.0 77 43 1
Semtech Corporation 2.0B 72.0 62.0 76.0 92.0 87.0 82 44 1
FormFactor, Inc. 1.8B 66.0 77.0 65.0 54.0 43.0 60 45 1
Cohu, Inc. 1.7B 46.0 82.0 69.0 49.0 64.0 64 46 1
Ultra Clean Holdings, Inc. 1.6B 65.0 75.0 58.0 79.0 70.0 68 47 1
Himax Technologies, Inc. 1.3B 84.0 57.0 79.0 79.0 89.0 87 48 1
PDF Solutions, Inc. 1.2B 92.0 64.0 62.0 84.0 73.0 77 49 1
Photronics, Inc. 1.2B 48.0 73.0 66.0 86.0 78.0 70 50 1
Maxeon Solar Technologies, Ltd. 1.0B 90.0 67.0 40.0 77.0 54.0 60 51 1
Veeco Instruments Inc. 1.0B 86.0 63.0 85.0 94.0 77.0 89 52 1
Alpha and Omega Semiconductor Limited 961.5M 52.0 70.0 68.0 70.0 75.0 67 53 1
Ichor Holdings, Ltd. 857.7M 67.0 69.0 72.0 88.0 87.0 80 54 1
SMART Global Holdings, Inc. 822.2M 74.0 67.0 67.0 60.0 45.0 61 55 1
CEVA, Inc. 630.0M 47.0 87.0 62.0 95.0 43.0 62 56 1
Enphase Energy, Inc. 43.6B 77.0 62.0 77.0 42.0 94.0 80 57 1
Wolfspeed, Inc. 11.3B 92.0 79.0 44.0 85.0 55.0 70 58 1
Daqo New Energy Corp. 4.3B 58.0 61.0 75.0 95.0 82.0 74 59 1
Onto Innovation Inc. 4.0B 48.0 73.0 81.0 81.0 77.0 75 60 1
JinkoSolar Holding Co., Ltd. 2.6B 90.0 60.0 74.0 94.0 90.0 86 61 1
SiTime Corporation 2.3B 41.0 72.0 57.0 37.0 56.0 47 62 1
indie Semiconductor, Inc. 1.2B 82.0 84.0 38.0 58.0 55.0 62 63 1
Camtek Ltd. 1.1B 60.0 61.0 71.0 38.0 86.0 67 64 1
Hanwha Q CELLS Co., Ltd. 818.9M 52.0 75.0 62.0 55.0 67.0 63 65 1
Navitas Semiconductor Corporation 730.4M 95.0 37.0 72.0 38.0 83.0 69 66 1
Aehr Test Systems 716.8M 44.0 77.0 54.0 84.0 67.0 59 67 1
Meta Materials Inc. 687.7M 66.0 78.0 44.0 39.0 57.0 54 68 1
Mykrolis Corp. 657.1M 77.0 53.0 72.0 43.0 81.0 68 69 1
ACM Research, Inc. 538.7M 93.0 62.0 47.0 75.0 44.0 58 70 1
Valens Semiconductor Ltd. 457.4M 75.0 72.0 68.0 56.0 52.0 71 71 1
Magnachip Semiconductor Corporation 447.1M 53.0 81.0 65.0 57.0 40.0 57 72 1
SkyWater Technology, Inc. 427.2M 78.0 65.0 40.0 58.0 40.0 52 73 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 52.0 77.0 92.0 51.0 48.0 58 74 1
Helix Technology Corporation 364.9M 64.0 76.0 79.0 86.0 53.0 66 75 1
Transphorm, Inc. 325.7M 60.0 80.0 45.0 46.0 56.0 54 76 1

Income Statement Analysis

Taking a comprehensive view of SolarEdge's income statement statement, especially relative to their peers, SolarEdge looks likely to be able to maintain modest momentum. SolarEdge's reported return on equity (ROE) ratio was 13.0, representing a change of -0.3%. Its return factor metrics are even more remarkable when compared to their peers. The company's return factors (ROA & ROE) components, therefore, received a grade of 84. However, one discouraging result, Revenue Efficiency, stood out. SolarEdge's revenue efficiency metrics look especially concerning this period, highlighting issues management is having controlling and reducing expenses while increasing earnings. This metric might have a 12.2 percent impact on companies in the same industry and with the same market capitalization. Their revenue efficiency, specifically in contrast to their industry peers', isn't encouraging. Its revenue efficiency, therefore, received a grade of 48. Consequently, their income statement earned a rank of 67.

Parameter Value Change Score
EBITDA 197.9M 16.5% 81
Total Revenues 1.6B 10.3% 48
Return on Equity 13.0 -0.3% 84
* All values are TTM

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 67 , the average of its peers stands on 67.

  •  SEDG
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
NVIDIA Corporation 416.5B 90.0 46.0 47.0 70 0 1
Texas Instruments Incorporated 163.8B 66.0 74.0 66.0 70 1 1
QUALCOMM Incorporated 141.8B 59.0 75.0 54.0 66 2 1
Advanced Micro Devices, Inc. 125.2B 54.0 62.0 46.0 57 3 1
Intel Corporation 124.1B 91.0 47.0 44.0 71 4 1
Broadcom Inc. 102.5B 54.0 82.0 78.0 68 5 1
Applied Materials, Inc. 94.3B 76.0 62.0 62.0 69 6 1
Analog Devices, Inc. 87.6B 48.0 86.0 63.0 65 7 1
Lam Research Corporation 64.4B 60.0 76.0 66.0 68 8 1
Micron Technology, Inc. 62.7B 91.0 55.0 53.0 75 9 1
KLA Corporation 55.7B 51.0 80.0 49.0 63 10 1
NXP Semiconductors N.V. 45.6B 59.0 79.0 85.0 70 11 1
Microchip Technology Incorporated 43.6B 54.0 82.0 87.0 69 12 1
Marvell Technology, Inc. 39.7B 46.0 88.0 86.0 66 13 1
GLOBALFOUNDRIES Inc. 35.1B 58.0 85.0 96.0 73 14 1
ON Semiconductor Corporation 32.5B 54.0 84.0 60.0 68 15 1
First Solar, Inc. 18.4B 72.0 43.0 41.0 59 16 1
Monolithic Power Systems, Inc. 17.9B 42.0 89.0 82.0 65 17 1
Skyworks Solutions, Inc. 15.3B 72.0 60.0 60.0 67 18 1
Teradyne, Inc. 14.6B 89.0 54.0 57.0 74 19 1
Entegris, Inc. 11.5B 39.0 68.0 40.0 51 20 1
Qorvo, Inc. 10.1B 86.0 55.0 51.0 72 21 1
Lattice Semiconductor Corporation 10.0B 51.0 87.0 86.0 69 22 1
Amkor Technology, Inc. 6.9B 53.0 81.0 82.0 67 23 1
Allegro MicroSystems, Inc. 6.0B 56.0 81.0 83.0 69 24 1
MKS Instruments, Inc. 5.6B 51.0 66.0 43.0 57 25 1
Universal Display Corporation 5.3B 68.0 73.0 68.0 71 26 1
Tower Semiconductor Ltd. 4.9B 59.0 83.0 78.0 71 27 1
MACOM Technology Solutions Holdings, Inc. 4.9B 64.0 83.0 95.0 75 28 1
Silicon Laboratories Inc. 4.8B 45.0 93.0 95.0 69 29 1
Power Integrations, Inc. 4.6B 87.0 68.0 65.0 79 30 1
Synaptics Incorporated 4.2B 61.0 84.0 79.0 72 31 1
Diodes Incorporated 4.2B 69.0 79.0 74.0 74 32 1
Rambus Inc. 4.1B 48.0 86.0 50.0 64 33 1
Cirrus Logic, Inc. 4.1B 63.0 75.0 64.0 68 34 1
Impinj, Inc. 3.3B 43.0 94.0 92.0 68 35 1
MaxLinear, Inc. 2.9B 56.0 83.0 84.0 70 36 1
Ambarella, Inc. 2.9B 79.0 38.0 49.0 59 37 1
Kulicke and Soffa Industries, Inc. 2.7B 97.0 48.0 50.0 75 38 1
Axcelis Technologies, Inc. 2.6B 53.0 81.0 77.0 67 39 1
Nova Ltd. 2.5B 46.0 86.0 82.0 65 40 1
Canadian Solar Inc. 2.3B 46.0 64.0 55.0 53 41 1
Silicon Motion Technology Corporation 2.2B 71.0 71.0 75.0 72 42 1
Credo Technology Group Holding Ltd 2.0B 37.0 96.0 82.0 65 43 1
Semtech Corporation 2.0B 66.0 76.0 78.0 72 44 1
FormFactor, Inc. 1.8B 84.0 52.0 52.0 69 45 1
Cohu, Inc. 1.7B 86.0 67.0 72.0 79 46 1
Ultra Clean Holdings, Inc. 1.6B 64.0 69.0 46.0 66 47 1
Himax Technologies, Inc. 1.3B 41.0 96.0 95.0 68 48 1
PDF Solutions, Inc. 1.2B 48.0 97.0 91.0 72 49 1
Photronics, Inc. 1.2B 51.0 89.0 80.0 70 50 1
Maxeon Solar Technologies, Ltd. 1.0B 51.0 47.0 50.0 49 51 1
Veeco Instruments Inc. 1.0B 64.0 71.0 84.0 69 52 1
Alpha and Omega Semiconductor Limited 961.5M 68.0 60.0 64.0 65 53 1
Ichor Holdings, Ltd. 857.7M 48.0 86.0 83.0 67 54 1
SMART Global Holdings, Inc. 822.2M 85.0 50.0 63.0 70 55 1
CEVA, Inc. 630.0M 77.0 50.0 37.0 64 56 1
Enphase Energy, Inc. 43.6B 39.0 93.0 89.0 65 57 1
Wolfspeed, Inc. 11.3B 42.0 96.0 81.0 67 58 1
Daqo New Energy Corp. 4.3B 38.0 92.0 54.0 61 59 1
Onto Innovation Inc. 4.0B 54.0 79.0 79.0 67 60 1
JinkoSolar Holding Co., Ltd. 2.6B 38.0 83.0 90.0 63 61 1
SiTime Corporation 2.3B 64.0 43.0 50.0 55 62 1
indie Semiconductor, Inc. 1.2B 38.0 56.0 91.0 49 63 1
Camtek Ltd. 1.1B 54.0 79.0 65.0 65 64 1
Hanwha Q CELLS Co., Ltd. 818.9M 69.0 52.0 62.0 62 65 1
Navitas Semiconductor Corporation 730.4M 39.0 45.0 38.0 41 66 1
Aehr Test Systems 716.8M 45.0 89.0 60.0 64 67 1
Meta Materials Inc. 687.7M 38.0 48.0 48.0 43 68 1
Mykrolis Corp. 657.1M 68.0 65.0 62.0 64 69 1
ACM Research, Inc. 538.7M 38.0 95.0 94.0 66 70 1
Valens Semiconductor Ltd. 457.4M 46.0 58.0 56.0 51 71 1
Magnachip Semiconductor Corporation 447.1M 97.0 42.0 43.0 71 72 1
SkyWater Technology, Inc. 427.2M 72.0 45.0 84.0 61 73 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 90.0 52.0 55.0 72 74 1
Helix Technology Corporation 364.9M 88.0 47.0 63.0 71 75 1
Transphorm, Inc. 325.7M 99.0 38.0 40.0 71 76 1

Cash Flow Analysis

Our overall assessment of SolarEdge's cash flow statement look encouraging regarding SolarEdge's ability to generate cash to support normal operations and positive growth. SolarEdge is doing a remarkable job of keeping its asset turnover under control. At filing, their asset turnover metrics were 0.8, representing a 5.3% change from the previous period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 10.8%. Its asset turnover metrics are especially remarkable relative to their peers. We believe the stock price has room to grow to reflect its intrinsic value accurately. The company's asset turnover movement, therefore, received a grade of 79. Also, SolarEdge presents exciting net cash flow numbers for its recent financial release, illustrated by a net cash flow of 95.7M, which is a change of -73.5% from the last filing. Their net cash flow metrics are especially remarkable relative to their peers. The company's net cash flow, therefore, received a grade of 71. At the same time, one critical cash flow metric, Free Cash flow, was notably weak. Free cash flow numbers published by SolarEdge were -0.4, which was a -234.3% change from the previous filing. Companies in the same industry and market capitalization are typically affected by this parameter by up to 8.0%. their free cash flow situation appears to be much weaker than their peers. Management needs to do a better job balancing cash flow, asset growth, and resources allocations in general. Disappointing results in free cash flow often lead to negative pressure in stock prices, so we rated their free cash flow with a score of 38. Its cash flow, therefore, earned a score of 63.

Parameter Value Change Score
Net Cashflow 95.7M -73.5% 71
Capital Expenditure -138.4M -11.3% 56
Asset Turnover 0.8 5.3% 79
Free Cashflow Per Share -0.4 -234.3% 38
* All values are TTM

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 63, the average of its peers stands on 67.

  •  SEDG
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
NVIDIA Corporation 416.5B 74.0 53.0 47.0 59.0 61 0 1
Texas Instruments Incorporated 163.8B 73.0 66.0 54.0 52.0 61 1 1
QUALCOMM Incorporated 141.8B 63.0 67.0 56.0 64.0 64 2 1
Advanced Micro Devices, Inc. 125.2B 69.0 61.0 56.0 87.0 76 3 1
Intel Corporation 124.1B 59.0 37.0 54.0 46.0 47 4 1
Broadcom Inc. 102.5B 72.0 75.0 67.0 84.0 79 5 1
Applied Materials, Inc. 94.3B 60.0 63.0 54.0 61.0 59 6 1
Analog Devices, Inc. 87.6B 54.0 63.0 41.0 39.0 45 7 1
Lam Research Corporation 64.4B 64.0 80.0 69.0 71.0 73 8 1
Micron Technology, Inc. 62.7B 56.0 50.0 51.0 49.0 50 9 1
KLA Corporation 55.7B 72.0 70.0 61.0 72.0 72 10 1
NXP Semiconductors N.V. 45.6B 58.0 70.0 60.0 87.0 75 11 1
Microchip Technology Incorporated 43.6B 70.0 69.0 54.0 90.0 79 12 1
Marvell Technology, Inc. 39.7B 68.0 76.0 46.0 93.0 80 13 1
GLOBALFOUNDRIES Inc. 35.1B 50.0 46.0 56.0 72.0 59 14 1
ON Semiconductor Corporation 32.5B 82.0 80.0 48.0 77.0 78 15 1
First Solar, Inc. 18.4B 44.0 46.0 58.0 74.0 59 16 1
Monolithic Power Systems, Inc. 17.9B 62.0 48.0 87.0 82.0 73 17 1
Skyworks Solutions, Inc. 15.3B 82.0 61.0 89.0 49.0 66 18 1
Teradyne, Inc. 14.6B 53.0 50.0 60.0 75.0 63 19 1
Entegris, Inc. 11.5B 48.0 45.0 47.0 42.0 42 20 1
Qorvo, Inc. 10.1B 61.0 69.0 72.0 53.0 61 21 1
Lattice Semiconductor Corporation 10.0B 72.0 71.0 56.0 84.0 78 22 1
Amkor Technology, Inc. 6.9B 53.0 49.0 66.0 75.0 64 23 1
Allegro MicroSystems, Inc. 6.0B 79.0 78.0 40.0 76.0 75 24 1
MKS Instruments, Inc. 5.6B 50.0 71.0 61.0 41.0 50 25 1
Universal Display Corporation 5.3B 65.0 52.0 66.0 62.0 61 26 1
Tower Semiconductor Ltd. 4.9B 65.0 84.0 62.0 79.0 75 27 1
MACOM Technology Solutions Holdings, Inc. 4.9B 68.0 72.0 55.0 47.0 58 28 1
Silicon Laboratories Inc. 4.8B 48.0 53.0 77.0 39.0 47 29 1
Power Integrations, Inc. 4.6B 62.0 63.0 84.0 49.0 59 30 1
Synaptics Incorporated 4.2B 53.0 67.0 60.0 92.0 75 31 1
Diodes Incorporated 4.2B 56.0 67.0 51.0 65.0 61 32 1
Rambus Inc. 4.1B 84.0 74.0 46.0 92.0 84 33 1
Cirrus Logic, Inc. 4.1B 66.0 67.0 45.0 49.0 56 34 1
Impinj, Inc. 3.3B 69.0 88.0 94.0 91.0 89 35 1
MaxLinear, Inc. 2.9B 70.0 59.0 74.0 85.0 78 36 1
Ambarella, Inc. 2.9B 66.0 51.0 52.0 58.0 57 37 1
Kulicke and Soffa Industries, Inc. 2.7B 75.0 62.0 42.0 40.0 53 38 1
Axcelis Technologies, Inc. 2.6B 63.0 62.0 66.0 59.0 61 39 1
Nova Ltd. 2.5B 90.0 84.0 83.0 79.0 86 40 1
Canadian Solar Inc. 2.3B 77.0 51.0 66.0 89.0 76 41 1
Silicon Motion Technology Corporation 2.2B 67.0 74.0 74.0 77.0 76 42 1
Credo Technology Group Holding Ltd 2.0B 66.0 74.0 46.0 98.0 81 43 1
Semtech Corporation 2.0B 67.0 78.0 66.0 60.0 66 44 1
FormFactor, Inc. 1.8B 71.0 66.0 88.0 64.0 71 45 1
Cohu, Inc. 1.7B 56.0 68.0 54.0 80.0 70 46 1
Ultra Clean Holdings, Inc. 1.6B 64.0 87.0 66.0 73.0 74 47 1
Himax Technologies, Inc. 1.3B 69.0 87.0 60.0 85.0 81 48 1
PDF Solutions, Inc. 1.2B 60.0 43.0 59.0 87.0 70 49 1
Photronics, Inc. 1.2B 85.0 85.0 85.0 84.0 87 50 1
Maxeon Solar Technologies, Ltd. 1.0B 59.0 72.0 85.0 77.0 75 51 1
Veeco Instruments Inc. 1.0B 71.0 91.0 94.0 62.0 76 52 1
Alpha and Omega Semiconductor Limited 961.5M 47.0 44.0 55.0 61.0 52 53 1
Ichor Holdings, Ltd. 857.7M 71.0 83.0 47.0 86.0 79 54 1
SMART Global Holdings, Inc. 822.2M 69.0 50.0 64.0 48.0 55 55 1
CEVA, Inc. 630.0M 80.0 50.0 50.0 81.0 73 56 1
Enphase Energy, Inc. 43.6B 70.0 74.0 82.0 90.0 84 57 1
Wolfspeed, Inc. 11.3B 71.0 79.0 90.0 94.0 89 58 1
Daqo New Energy Corp. 4.3B 63.0 93.0 76.0 50.0 65 59 1
Onto Innovation Inc. 4.0B 82.0 56.0 53.0 80.0 75 60 1
JinkoSolar Holding Co., Ltd. 2.6B 68.0 69.0 72.0 81.0 76 61 1
SiTime Corporation 2.3B 60.0 46.0 76.0 66.0 62 62 1
indie Semiconductor, Inc. 1.2B 49.0 60.0 41.0 97.0 72 63 1
Camtek Ltd. 1.1B 66.0 58.0 41.0 67.0 61 64 1
Hanwha Q CELLS Co., Ltd. 818.9M 56.0 66.0 82.0 62.0 63 65 1
Navitas Semiconductor Corporation 730.4M 58.0 74.0 51.0 43.0 52 66 1
Aehr Test Systems 716.8M 77.0 95.0 60.0 89.0 87 67 1
Meta Materials Inc. 687.7M 58.0 60.0 65.0 97.0 79 68 1
Mykrolis Corp. 657.1M 65.0 70.0 67.0 82.0 76 69 1
ACM Research, Inc. 538.7M 61.0 59.0 39.0 95.0 75 70 1
Valens Semiconductor Ltd. 457.4M 64.0 82.0 76.0 94.0 84 71 1
Magnachip Semiconductor Corporation 447.1M 69.0 69.0 60.0 45.0 57 72 1
SkyWater Technology, Inc. 427.2M 85.0 81.0 87.0 55.0 73 73 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 67.0 50.0 53.0 61.0 59 74 1
Helix Technology Corporation 364.9M 75.0 61.0 62.0 56.0 62 75 1
Transphorm, Inc. 325.7M 67.0 57.0 37.0 42.0 49 76 1

This report, prepared and provided by Deshe Labs Ltd ("Deshe"), is intended for general guidance and information purposes only and under no circumstances is tailored to a specific factor or variable related to its reader or intended to be used, construed, or considered as financial or investment advice, an offer, a solicitation of any offer, a recommendation, or an offer to invest in, sell or buy the securities mentioned in this report or other form of a financial asset or as a marketing communication under FCA Rules. For the full disclaimer, click here.