SolarEdge Technologies Company Profile (NASDAQ:SEDG)

SolarEdge Technologies trades on the NASDAQ under the ticker symbol "SEDG."

SolarEdge Technologies, Inc. (NASDAQ:SEDG) announced its quarterly earnings data on Tuesday, May, 9th. The company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.23 by $0.09. The business had revenue of $115.10 million for the quarter, compared to analyst estimates of $114.10 million. SolarEdge Technologies had a net margin of 11.85% and a return on equity of 21.03%. SolarEdge Technologies's revenue was down 8.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 earnings per share. View SolarEdge Technologies' Earnings History.

14 brokerages have issued twelve-month target prices for SolarEdge Technologies' stock. Their forecasts range from $7.00 to $31.00. On average, they anticipate SolarEdge Technologies' stock price to reach $21.00 in the next twelve months. View Analyst Ratings for SolarEdge Technologies.

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. " (7/20/2017)
• 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)

SolarEdge Technologies saw a increase in short interest in July. As of July 14th, there was short interest totalling 5,888,450 shares, an increase of 26.1% from the June 30th total of 4,669,238 shares. Based on an average trading volume of 1,687,499 shares, the days-to-cover ratio is currently 3.5 days. Approximately 17.3% of the company's stock are sold short.

Some companies that are related to SolarEdge Technologies include Magellan Petroleum Corporation (TELL), Frank's International N.V. (FI), Whiting Petroleum Corporation (WLL), Arch Coal, Inc. Class A (ARCH), Covanta Holding Corporation (CVA), Semgroup Corporation (SEMG), Superior Energy Services (SPN), NOW (DNOW), CVR Energy (CVI), Crestwood Equity Partners LP (CEQP), Summit Midstream Partners, LP (SMLP), Viper Energy Partners LP (VNOM), Delek US Holdings (DK), Diamond Offshore Drilling (DO), Ensco Plc (ESV), Golar LNG Partners LP (GMLP), Western Refining Logistics, LP (WNRL) and Ngl Energy Partners Lp (NGL).

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

(SEDG) raised $119 million in an IPO on Thursday, March 26th 2015. The company issued 7,000,000 shares at $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.

SolarEdge Technologies' stock is owned by a variety of of institutional and retail investors. Top institutional investors include NN Investment Partners Holdings N.V. (4.18%), INTEGRATED CORE STRATEGIES (US) LLC (3.00%), Shell Asset Management Co. (1.94%), Hamilton Lane Advisors LLC (0.53%), Handelsbanken Fonder AB (0.43%) and Cascade Investment Advisors Inc. (0.10%). Company insiders that own SolarEdge Technologies stock include Lior Handelsman, Meir Adest, More Avery, Rachel Prishkolnik, Ronen Faier, Yoav Galin and Zvi Lando. View Institutional Ownership Trends for SolarEdge Technologies.

SolarEdge Technologies' stock was sold by a variety of institutional investors in the last quarter, including Hamilton Lane Advisors LLC. Company insiders that have sold SolarEdge Technologies stock in the last year include Lior Handelsman, Meir Adest, More Avery, Yoav Galin and Zvi Lando. View Insider Buying and Selling for SolarEdge Technologies.

SolarEdge Technologies' stock was acquired by a variety of institutional investors in the last quarter, including NN Investment Partners Holdings N.V., Shell Asset Management Co., Cascade Investment Advisors Inc., Fox Run Management L.L.C., Acadian Asset Management LLC and Handelsbanken Fonder AB. View Insider Buying and Selling for SolarEdge Technologies.

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.

One share of SolarEdge Technologies stock can currently be purchased for approximately $22.60.