NASDAQ:SEDGSolaredge Technologies Stock Price, Forecast & News

$143.22

-7.37 (-4.89 %)

(As of 06/4/2020 12:45 PM ET)

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Today's Range

$142.60

Now: $143.22▼

$149.57

50-Day Range

$86.69

MA: $116.74▼

$150.70

52-Week Range

$53.45

Now: $143.22▼

$152.93

Volume603,109 shs

Average Volume1.22 million shs

Market Capitalization$7.11 billion

P/E Ratio42.63

Dividend YieldN/A

Beta0.73

SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. Its SolarEdge system consists of power optimizers, inverters, communication and smart energy management solutions, and a cloud based monitoring platform. The company's products are used in a range of solar market segments, such as residential, commercial, and small utility-scale solar installations. It also provides pre-sales support, ongoing trainings, and technical support and after installation services; and lithium-ion cells, batteries, and energy storage solutions for various industries, including energy storage systems, residential and commercial solar systems, uninterruptible power supplies, electric vehicles, aerospace, marine, and others. 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 Technologies, Inc. was founded in 2006 and is headquartered in Herzliya, Israel.

Beat the Market (BTM) Rank^™

2.2 Analyst's Opinion

Consensus Rating
Solaredge Technologies has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 6 buy ratings, 8 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $123.64, Solaredge Technologies has a potential downside of 13.7% from its current price of $143.22.
Amount of Analyst Coverage
Solaredge Technologies has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.9 Community Rank

Outperform Votes
Solaredge Technologies has received 538 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Solaredge Technologies has received 392 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Solaredge Technologies has received 57.85% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Solaredge Technologies and other stocks. Vote “Outperform” if you believe SEDG will outperform the S&P 500 over the long term. Vote “Underperform” if you believe SEDG will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Solaredge Technologies does not currently pay a dividend.
Dividend Growth
Solaredge Technologies does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Solaredge Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $12,829,127.00 in company stock.
Percentage Held by Insiders
Only 2.90% of the stock of Solaredge Technologies is held by insiders.
Percentage Held by Institutions
81.41% of the stock of Solaredge Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Solaredge Technologies are expected to grow by 64.94% in the coming year, from $3.08 to $5.08 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Solaredge Technologies is 42.63, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.28.
Price to Earnings Ratio vs. Sector
The P/E ratio of Solaredge Technologies is 42.63, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 10.13.
Price to Earnings Growth Ratio
Solaredge Technologies has a PEG Ratio of 1.93. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Solaredge Technologies has a P/B Ratio of 8.58. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.60 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Semiconductors & related devices

Sub-IndustryN/A

SectorOils/Energy

Current SymbolNASDAQ:SEDG

Previous Symbol

CUSIPN/A

CIK1419612

Webwww.solaredge.com

Phone972-9957-6620

Debt

Debt-to-Equity Ratio0.04

Current Ratio2.45

Quick Ratio1.94

Price-To-Earnings

Trailing P/E Ratio42.63

Forward P/E Ratio46.50

P/E Growth1.93

Sales & Book Value

Annual Sales$1.43 billion

Price / Sales4.99

Cash Flow$3.43 per share

Price / Cash Flow41.73

Book Value$16.70 per share

Price / Book8.58

Profitability

EPS (Most Recent Fiscal Year)$2.90

Net Income$146.55 million

Net Margins10.71%

Return on Equity21.94%

Return on Assets12.20%

Miscellaneous

Employees2,431

Outstanding Shares49,630,000

Market Cap$7.11 billion

Next Earnings Date8/4/2020 (Estimated)

OptionableOptionable

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Solaredge Technologies (NASDAQ:SEDG) Frequently Asked Questions

How has Solaredge Technologies' stock been impacted by COVID-19 (Coronavirus)?

Solaredge Technologies' stock was trading at $106.11 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SEDG shares have increased by 35.0% and is now trading at $143.22. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Solaredge Technologies?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Solaredge Technologies in the last year. There are currently 8 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Solaredge Technologies.

When is Solaredge Technologies' next earnings date?

Solaredge Technologies is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Solaredge Technologies.

How were Solaredge Technologies' earnings last quarter?

Solaredge Technologies Inc (NASDAQ:SEDG) announced its earnings results on Wednesday, May, 6th. The semiconductor company reported $0.95 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.02 by $0.07. The semiconductor company earned $431.22 million during the quarter, compared to analyst estimates of $422.16 million. Solaredge Technologies had a return on equity of 21.94% and a net margin of 10.71%. The firm's quarterly revenue was up 58.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.64 earnings per share. View Solaredge Technologies' earnings history.

What guidance has Solaredge Technologies issued on next quarter's earnings?

Solaredge Technologies issued an update on its second quarter 2020 After-Hours earnings guidance on Wednesday, May, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $305-335 million, compared to the consensus revenue estimate of $348.25 million.

What price target have analysts set for SEDG?

14 analysts have issued 12 month price objectives for Solaredge Technologies' shares. Their forecasts range from $52.00 to $166.00. On average, they anticipate Solaredge Technologies' share price to reach $123.64 in the next year. This suggests that the stock has a possible downside of 13.7%. View analysts' price targets for Solaredge Technologies.

What are Wall Street 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. " (5/4/2020)
2. Northland Securities analysts commented, "We expect the solar business to continue to grow at a high teens low twenties rate for the foreseeable future. Company is expanding into the Uninterruptible Power Supplies (UPS) which is used by data centers and hospitals, Lithium-ion battery manufacturing for energy storage and electric vehicle power trains. While non-solar revenue is currently small, 7% of revenue, we believe the Company is making big bets to diversify beyond its core solar market. Over time we expect SEDG to have a significant presence in a low carbon economy." (6/26/2019)

Has Solaredge Technologies been receiving favorable news coverage?

Headlines about SEDG stock have trended extremely positive this week, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Solaredge Technologies earned a news sentiment score of 5.0 on InfoTrie's scale. They also gave media coverage about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutSolaredge Technologies.

Are investors shorting Solaredge Technologies?

Solaredge Technologies saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 6,050,000 shares, a drop of 7.4% from the April 30th total of 6,530,000 shares. Based on an average daily volume of 1,540,000 shares, the days-to-cover ratio is currently 3.9 days. Currently, 12.8% of the company's shares are short sold. View Solaredge Technologies' Current Options Chain.

Who are some of Solaredge Technologies' key competitors?

Some companies that are related to Solaredge Technologies include Infineon Technologies (IFNNY), STMicroelectronics (STM), Marvell Technology Group (MRVL), Xilinx (XLNX), Microchip Technology (MCHP), Skyworks Solutions (SWKS), Kyocera (KYOCY), Maxim Integrated Products (MXIM), Qorvo (QRVO), Semiconductor Manufacturing International (SMICY), Advantest (ATEYY), Monolithic Power Systems (MPWR), ASE Technology (ASX), Cypress Semiconductor (CY) and IPG Photonics (IPGP). View all competitors.

What other stocks do shareholders of Solaredge Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Solaredge Technologies investors own include NVIDIA (NVDA), Alibaba Group (BABA), Walt Disney (DIS), Advanced Micro Devices (AMD), salesforce.com (CRM), Paypal (PYPL), Micron Technology (MU), Enphase Energy (ENPH), Tesla (TSLA) and Netflix (NFLX).

Who are Solaredge Technologies' key executives?

Solaredge Technologies' management team includes the following people:

Mr. Lior Handelsman, VP of Marketing & Product Strategy and Founder (Age 44)
Mr. Yoav Galin, VP of R&D and Founder (Age 45)
Mr. Ronen Faier CPA, Chief Financial Officer (Age 48)
Mr. Zvi Lando, VP of Global Sales (Age 54)
Mr. Guy Sella, Co-Founder, Chairman & CEO (Age 55)

When did Solaredge Technologies IPO?

(SEDG) raised $119 million in an initial public offering (IPO) 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 served as the underwriters for the IPO and Needham, Canaccord Genuity and Roth Capital Partners were co-managers.

What is Solaredge Technologies' stock symbol?

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

Who are Solaredge Technologies' major shareholders?

Solaredge Technologies' stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.82%), Swedbank (6.18%), William Blair Investment Management LLC (2.89%), Harel Insurance Investments & Financial Services Ltd. (2.39%), Ion Asset Management Ltd. (2.13%) and Van ECK Associates Corp (1.49%). Company insiders that own Solaredge Technologies stock include Doron Inbar, Guy Sella, Lior Handelsman, Meir Adest, More Avery, Rachel Prishkolnik, Ronen Faier, Yoav Galin and Zvi Lando. View institutional ownership trends for Solaredge Technologies.

Which institutional investors are selling Solaredge Technologies stock?

SEDG stock was sold by a variety of institutional investors in the last quarter, including Ion Asset Management Ltd., Noked Capital LTD, Lord Abbett & CO. LLC, Morgan Stanley, Morgan Stanley, Phoenix Holdings Ltd., Driehaus Capital Management LLC, and Handelsbanken Fonder AB. Company insiders that have sold Solaredge Technologies company stock in the last year include Doron Inbar, Lior Handelsman, Meir Adest, More Avery, Rachel Prishkolnik, Ronen Faier, Yoav Galin, and Zvi Lando. View insider buying and selling activity for Solaredge Technologies.

Which institutional investors are buying Solaredge Technologies stock?

SEDG stock was bought by a variety of institutional investors in the last quarter, including William Blair Investment Management LLC, Swedbank, Zurich Insurance Group Ltd FI, AQR Capital Management LLC, Anchor Capital Advisors LLC, BlackRock Inc., Sylebra Capital Ltd, and Impax Asset Management Group plc. View insider buying and selling activity for Solaredge Technologies.

How do I buy shares of Solaredge Technologies?

Shares of SEDG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Solaredge Technologies' stock price today?

One share of SEDG stock can currently be purchased for approximately $143.22.

How big of a company is Solaredge Technologies?

Solaredge Technologies has a market capitalization of $7.11 billion and generates $1.43 billion in revenue each year. The semiconductor company earns $146.55 million in net income (profit) each year or $2.90 on an earnings per share basis. Solaredge Technologies employs 2,431 workers across the globe.

What is Solaredge Technologies' official website?

The official website for Solaredge Technologies is www.solaredge.com.

How can I contact Solaredge Technologies?

Solaredge Technologies' mailing address is 1 HAMADA STREET POB 12001, HERZILIYA PITUACH L3, 4673335. The semiconductor company can be reached via phone at 972-9957-6620 or via email at [email protected]

This page was last updated on 6/4/2020 by MarketBeat.com Staff