About SolarEdge Technologies (NASDAQ:SEDG)
SolarEdge Technologies, Inc. offers an inverter solution for a solar photovoltaic (PV) system. The Company's products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. Its product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management. The Company's power optimizers provide module-level maximum power point (MPP) tracking and real-time adjustments of current and voltage to the optimal working point of each individual PV module. The Company's solution consists of a direct current (DC) power optimizer, an inverter and a cloud-based monitoring platform that operates as a single integrated system.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Photovoltaic Solar Systems & Equipment
- Sub-Industry: N/A
- Symbol: NASDAQ:SEDG
- CUSIP: N/A
- Web: www.solaredge.com
- Market Cap: $1.27935 billion
- Outstanding Shares: 42,084,000
- 50 Day Moving Avg: $28.30
- 200 Day Moving Avg: $28.30
- 52 Week Range: $11.35 - $31.00
Sales & Book Value:
- Trailing P/E Ratio: 26.95
- Foreward P/E Ratio: 18.20
- P/E Growth: -1.82
- Annual Revenue: $481.19 million
- Price / Sales: 2.66
- Book Value: $7.98 per share
- Price / Book: 3.81
- EBITDA: $66.74 million
- Net Margins: 12.64%
- Return on Equity: 21.01%
- Return on Assets: 14.15%
- Debt-to-Equity Ratio: 0.01%
- Current Ratio: 4.64%
- Quick Ratio: 3.92%
- Average Volume: 819,877 shs.
- Beta: 0.03
- Short Ratio: 4.15
Frequently Asked Questions for SolarEdge Technologies (NASDAQ:SEDG)
What is SolarEdge Technologies' stock symbol?
SolarEdge Technologies trades on the NASDAQ under the ticker symbol "SEDG."
How were SolarEdge Technologies' earnings last quarter?
SolarEdge Technologies, Inc. (NASDAQ:SEDG) posted its earnings results on Wednesday, August, 2nd. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.18. The business had revenue of $136.10 million for the quarter, compared to analyst estimates of $125.07 million. SolarEdge Technologies had a return on equity of 21.01% and a net margin of 12.64%. The firm's revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 EPS. View SolarEdge Technologies' Earnings History.
When will SolarEdge Technologies make its next earnings announcement?
Where is SolarEdge Technologies' stock going? Where will SolarEdge Technologies' stock price be in 2017?
13 equities research analysts have issued twelve-month price targets for SolarEdge Technologies' shares. Their predictions range from $7.00 to $32.00. On average, they expect SolarEdge Technologies' share price to reach $24.91 in the next year. View Analyst Ratings for SolarEdge Technologies.
What are analysts saying about SolarEdge Technologies stock?
Here are some recent quotes from research analysts about SolarEdge Technologies stock:
- 1. According to Zacks Investment Research, "SolarEdge Technologies, Inc. provides inverter solution. The company's SolarEdge system offers power optimizers, inverters and a cloud-based monitoring platform. It serves residential solar installations to commercial and small utility-scale solar installations. SolarEdge Technologies, Inc. is headquartered in Hod Hasharon, Israel. " (10/4/2017)
- 2. FBR & Co analysts commented, "In-line results, solid guidance in a tough market. Yesterday, SEDG delivered C4Q16 results that highlight challenges in its core U.S. residential solar market. C4Q16 revenues of $111.5M were just above the low end of guidance ($110M'$120M), but gross margin of 35.0% exceeded guidance (30%'32%), even after subtracting 200 bps for one-time items. Revenue can mostly be attributed to softness in the U.S. residential market, with muted growth in 2017. However, SEDG indicated strong growth in its U.S. commercial business. C1Q17 revenue guidance of $110M' $120M with 31%'33% gross margin indicates SEDG still prioritizes profitable growth over market share. Management still believes it is gaining market share in every geography in which it operates and expects continued gains, albeit with 35%' 40% U.S. residential share, at a more muted pace than past years. The company's strong financial position permits aggressive investment in product development, geographic expansion, and potential lateral M&A, but we remain on the sidelines until we see evidence of a pickup in the U.S. market or significant international expansion." (2/15/2017)
Are investors shorting SolarEdge Technologies?
SolarEdge Technologies saw a increase in short interest during the month of September. As of September 15th, there was short interest totalling 6,078,458 shares, an increase of 37.3% from the August 31st total of 4,428,088 shares. Based on an average trading volume of 1,313,496 shares, the short-interest ratio is currently 4.6 days. Approximately 17.5% of the company's shares are short sold.
Who are some of SolarEdge Technologies' key competitors?
Some companies that are related to SolarEdge Technologies include Gulfport Energy Corporation (GPOR), World Fuel Services Corporation (INT), Oceaneering International (OII), Vallourec SA (VLOWY), CVR Energy (CVI), NextEra Energy Partners, LP (NEP), Callon Petroleum Company (CPE), Holly Energy Partners, L.P. (HEP), Ocean Rig UDW (ORIG), Viper Energy Partners LP (VNOM), Diamond Offshore Drilling (DO), Semgroup Corporation (SEMG), Enerplus Corporation (ERF), Delek US Holdings (DK), Oasis Petroleum (OAS), Magellan Petroleum Corporation (TELL), SM Energy Company (SM) and Covanta Holding Corporation (CVA).
Who are SolarEdge Technologies' key executives?
SolarEdge Technologies' management team includes the folowing people:
- Guy Sella, Chairman of the Board, Chief Executive Officer
- Ronen Faier, Chief Financial Officer
- Rachel Prishkolnik, Vice President - General Counsel, Corporate Secretary
- Zvi Lando, Vice President, Global Sales
- Lior Handelsman, Vice President - Marketing and Product Strategy
- Meir Adest, Vice President - Core Technologies
- Yoav Galin, Vice President - Research & Development
- Dan Avida, Independent Director
- Yoni Cheifetz, Independent Director
- Marcel Gani, Independent Director
When did SolarEdge Technologies IPO?
(SEDG) raised $119 million in an initial public offering on Thursday, March 26th 2015. The company issued 7,000,000 shares at a price of $16.00-$18.00 per share. Goldman Sachs and Deutsche Bank Securities acted as the underwriters for the IPO and Needham, Canaccord Genuity and Roth Capital Partners were co-managers.
How do I buy SolarEdge Technologies stock?
Shares of SolarEdge Technologies can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is SolarEdge Technologies' stock price today?
MarketBeat Community Rating for SolarEdge Technologies (NASDAQ SEDG)MarketBeat's community ratings are surveys of what our community members think about SolarEdge Technologies and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of SolarEdge Technologies stock can currently be purchased for approximately $30.40.
Consensus Ratings for SolarEdge Technologies (NASDAQ:SEDG) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||3 Sell Ratings, 1 Hold Rating, 9 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.46)|
|Consensus Price Target: ||$24.91 (18.06% downside)|Consensus Price Target History for SolarEdge Technologies (NASDAQ:SEDG)
Analysts' Ratings History for SolarEdge Technologies (NASDAQ:SEDG)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/15/2017||Roth Capital||Set Price Target||Buy||$30.00||N/A|
|9/12/2017||Needham & Company LLC||Reiterated Rating||Buy||$30.00||Low|
|8/31/2017||Axiom Securities||Reiterated Rating||Sell||Low|
|8/9/2017||Canaccord Genuity||Reiterated Rating||Buy||$25.00 -> $30.00||Low|
|8/9/2017||Barclays PLC||Reiterated Rating||Overweight||$21.00 -> $28.00||Low|
|8/3/2017||Deutsche Bank AG||Set Price Target||Buy||$25.00 -> $30.00||Low|
|8/3/2017||Oppenheimer Holdings, Inc.||Boost Price Target||Outperform||$25.00 -> $32.00||High|
|8/3/2017||Cowen and Company||Reiterated Rating||Buy||$24.00 -> $31.00||Medium|
|8/3/2017||JMP Securities||Reiterated Rating||Outperform||High|
|7/18/2017||CIBC||Upgrade||Market Perform -> Outperform||Low|
|5/13/2017||FBR & Co||Set Price Target||Hold||$18.00||Medium|
|2/10/2017||Goldman Sachs Group, Inc. (The)||Reiterated Rating||Sell||N/A|
|11/14/2016||Craig Hallum||Initiated Coverage||Sell||$7.00||N/A|
|8/3/2016||J P Morgan Chase & Co||Set Price Target||Buy||$31.00||N/A|
|2/4/2016||Northland Securities||Boost Price Target||$34.00 -> $37.00||N/A|
|11/16/2015||Avondale Partners||Upgrade||Conviction Buy List||N/A|
Earnings History for SolarEdge Technologies (NASDAQ:SEDG)Earnings History by Quarter for SolarEdge Technologies (NASDAQ SEDG)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/2/2017||6/30/2017||$0.37||$0.55||$125.07 million||$136.10 million||View||Listen|
|5/9/2017||3/31/2017||$0.23||$0.32||$114.10 million||$115.10 million||View||Listen|
|2/14/2017||12/31/2016||$0.33||$0.32||$115.82 million||$111.50 million||View||Listen|
|11/9/2016||9/30/2016||$0.41||$0.46||$132.28 million||$128.50 million||View||Listen|
|8/9/2016||Q416||$0.41||$0.44||$129.63 million||$124.80 million||View||Listen|
|5/9/2016||Q316||$0.41||$0.51||$123.23 million||$125.20 million||View||Listen|
|2/3/2016||Q216||$0.36||$0.44||$120.13 million||$124.83 million||View||N/A|
|11/4/2015||Q116||$0.30||$0.36||$110.09 million||$115.10 million||View||Listen|
|8/12/2015||Q415||$0.22||$0.31||$95.15 million||$98.40 million||View||Listen|
|5/7/2015||Q3||$0.08||$0.20||$73.71 million||$86.40 million||View||Listen|
Earnings Estimates for SolarEdge Technologies (NASDAQ:SEDG)
2017 EPS Consensus Estimate: $1.33
2018 EPS Consensus Estimate: $1.58
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for SolarEdge Technologies (NASDAQ:SEDG)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for SolarEdge Technologies (NASDAQ:SEDG)
Insider Ownership Percentage: 16.40%Insider Trades by Quarter for SolarEdge Technologies (NASDAQ:SEDG)
Institutional Ownership Percentage: 57.43%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|10/16/2017||Zvi Lando||VP||Sell||10,000||$30.36||$303,600.00|| |
|10/2/2017||Yoav Galin||VP||Sell||15,000||$28.64||$429,600.00|| |
|9/27/2017||Ronen Faier||CFO||Sell||30,000||$28.56||$856,800.00|| |
|9/12/2017||Yoav Galin||VP||Sell||15,000||$26.35||$395,250.00|| |
|8/8/2017||Doron Inbar||Director||Sell||50,000||$28.00||$1,400,000.00|| |
|8/4/2017||Rachel Prishkolnik||VP||Sell||30,000||$27.69||$830,700.00|| |
|8/3/2017||Ronen Faier||CFO||Sell||20,000||$27.24||$544,800.00|| |
|8/3/2017||Yoav Galin||VP||Sell||10,000||$27.34||$273,400.00|| |
|7/18/2017||Zvi Lando||VP||Sell||10,508||$22.19||$233,172.52|| |
|7/14/2017||Zvi Lando||VP||Sell||1,300||$22.02||$28,626.00|| |
|7/11/2017||Zvi Lando||VP||Sell||3,192||$22.01||$70,255.92|| |
|7/3/2017||Meir Adest||VP||Sell||3,000||$20.00||$60,000.00|| |
|6/23/2017||Lior Handelsman||VP||Sell||5,000||$21.44||$107,200.00|| |
|6/22/2017||Zvi Lando||VP||Sell||10,000||$20.49||$204,900.00|| |
|6/12/2017||More Avery||Director||Sell||20,000||$19.30||$386,000.00|| |
|6/1/2017||Lior Handelsman||VP||Sell||1,018||$18.46||$18,792.28|| |
|3/27/2017||Yoav Galin||VP||Sell||120,000||$14.27||$1,712,400.00|| |
|6/2/2016||Yoav Galin||VP||Sell||1,626||$21.37||$34,747.62|| |
|6/1/2016||Yoav Galin||VP||Sell||10,874||$21.01||$228,462.74|| |
|4/21/2016||Meir Adest||VP||Sell||2,735||$27.73||$75,841.55|| |
|4/14/2016||Meir Adest||VP||Sell||2,976||$25.27||$75,203.52|| |
|4/7/2016||Meir Adest||VP||Sell||2,957||$25.23||$74,605.11|| |
|4/4/2016||Yoav Galin||VP||Sell||5,089||$25.49||$129,718.61|| |
|4/1/2016||Yoav Galin||VP||Sell||7,411||$24.53||$181,791.83|| |
|3/24/2016||Meir Adest||VP||Sell||3,113||$23.98||$74,649.74|| |
|3/17/2016||Meir Adest||VP||Sell||2,870||$27.20||$78,064.00|| |
|3/13/2016||Meir Adest||VP||Sell||2,804||$26.75||$75,007.00|| |
|3/11/2016||Ronen Faier||CFO||Sell||6,587||$27.42||$180,615.54|| |
|3/10/2016||Ronen Faier||CFO||Sell||27,399||$26.81||$734,567.19|| |
|3/9/2016||Rachel Prishkolnik||VP||Sell||15,000||$26.80||$402,000.00|| |
|3/9/2016||Ronen Faier||CFO||Sell||16,014||$26.76||$428,534.64|| |
|3/3/2016||Meir Adest||VP||Sell||2,675||$27.74||$74,204.50|| |
|2/22/2016||Meir Adest||VP||Sell||14,120||$26.07||$368,108.40|| |
|2/11/2016||Meir Adest||VP||Sell||3,195||$23.09||$73,772.55|| |
|2/9/2016||Zvi Lando||VP||Sell||61,667||$25.70||$1,584,841.90|| |
|2/4/2016||Meir Adest||VP||Sell||2,733||$29.30||$80,076.90|| |
|2/1/2016||Yoav Galin||VP||Sell||12,500||$28.54||$356,750.00|| |
|1/6/2016||Yoav Galin||VP||Sell||12,500||$27.96||$349,500.00|| |
|1/5/2016||Rachel Prishkolnik||VP||Sell||10,000||$30.00||$300,000.00|| |
|12/31/2015||Meir Adest||VP||Sell||2,619||$28.17||$73,777.23|| |
|12/30/2015||Lior Handelsman||VP||Sell||45,600||$28.74||$1,310,544.00|| |
|12/24/2015||Lior Handelsman||VP||Sell||4,975||$28.00||$139,300.00|| |
|12/23/2015||Lior Handelsman||VP||Sell||3,000||$28.00||$84,000.00|| |
|12/21/2015||Lior Handelsman||VP||Sell||6,425||$28.04||$180,157.00|| |
|12/16/2015||Ronen Faier||CFO||Sell||19,700||$23.75||$467,875.00|| |
|12/14/2015||Rachel Prishkolnik||VP||Sell||19,000||$20.56||$390,640.00|| |
|12/14/2015||Ronen Faier||CFO||Sell||30,300||$20.68||$626,604.00|| |
|11/9/2015||Lior Handelsman||VP||Sell||83,333||$18.86||$1,571,660.38|| |
Headline Trends for SolarEdge Technologies (NASDAQ:SEDG)
Latest Headlines for SolarEdge Technologies (NASDAQ:SEDG)
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SolarEdge Technologies (SEDG) Chart for Sunday, October, 22, 2017