SolarEdge Technologies Company Profile (NASDAQ:SEDG)

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

SolarEdge Technologies, Inc. (NASDAQ:SEDG) issued its quarterly earnings results on Tuesday, May, 9th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.23 by $0.09. The company 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%. The business's revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share. View SolarEdge Technologies' Earnings History.

14 equities research analysts have issued 12-month price targets for SolarEdge Technologies' stock. Their forecasts range from $7.00 to $31.00. On average, they expect SolarEdge Technologies' stock price to reach $20.23 in the next year. 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 the month of 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 daily volume of 1,687,499 shares, the short-interest ratio is presently 3.5 days. Currently, 17.3% of the company's stock are short sold.

Some companies that are related to SolarEdge Technologies include Dominion Midstream Partners, LP (DM), Dril-Quip (DRQ), Magellan Petroleum Corporation (TELL), Frank's International N.V. (FI), Viper Energy Partners LP (VNOM), SM Energy Company (SM), Whiting Petroleum Corporation (WLL), Oasis Petroleum (OAS), Covanta Holding Corporation (CVA), Semgroup Corporation (SEMG), Summit Midstream Partners, LP (SMLP), Crestwood Equity Partners LP (CEQP), NOW (DNOW), Delek US Holdings (DK), ENSCO PLC (ESV), Diamond Offshore Drilling (DO), Superior Energy Services (SPN) and Black Stone Minerals, L.P. (BSM).

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 initial public offering (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 served 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 retail and institutional 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%), Handelsbanken Fonder AB (0.43%), Cascade Investment Advisors Inc. (0.10%) and Fox Run Management L.L.C. (0.09%). 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 purchased 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 $22.70.