Profile
Sector:
TechnologyIndustry:
SolarCountry:
IsraelIPO:
26 March 2015Website:
http://www.solaredge.comNext earnings report:
06 November 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Fri, 01 Nov 2024 23:25:21 GMTDividend
Analysts recommendations
Institutional Ownership
SEDG Latest News
The latest trading day saw SolarEdge Technologies (SEDG) settling at $16.89, representing a +0.72% change from its previous close.
MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (“SolarEdge” or “the Company”) (NASDAQ: SEDG), a global leader in smart energy technology, today announces that its portfolio of PV inverters has achieved early certificationi and compliance with the European Commission's New Radio Equipment Directive (RED) Article 3.3 requirements for cyber security. Expected to come into effect in August 2025, the Article 3.3 establishes a new regulatory framework for radio equipment and imposes.
SolarEdge Technologies (SEDG) concluded the recent trading session at $20.13, signifying a -0.64% move from its prior day's close.
Elon Musk is at it again, igniting the solar conversation with a tweet Tuesday.
SolarEdge's revenue has stabilized, with multiple positive catalysts including normalized U.S. inventories, rebounding European demand, and rising U.S. electricity prices. The valuation of SEDG stock is low, and despite some risks facing the company, the balance sheet situation is manageable, making it a buy for risk-tolerant, long-term investors. SolarEdge's Q2 revenue increased sequentially, driven by strong U.S. residential market sales and improved commercial sales, despite a year-over-year decline.
SolarEdge Technologies (SEDG) shares tumbled in early trading Tuesday, before rebounding later in the session after Jefferies downgraded the stock, pointing to tough competition in the solar power industry.
Jefferies analysts cut their rating on the solar-equipment company to Underperform from Hold.
SolarEdge Technologies Inc (NASDAQ:SEDG) stock sports a 4.6% premarket loss, after a Jefferies downgrade to "underperform" from "hold," and price-target cut from $27 to $17.
The interest rate environment has caused a slowdown in renewable energy project spending. Sales have dropped, but there are signs that SolarEdge is seeing a recovery.
SolarEdge Technologies reported Q2 2024 results largely in line with the disclosures made in conjunction with the company's $300 million convertible notes offering in June. While revenues were up by almost 30% sequentially, gross margin remained negative and the company continued to burn sizeable amounts of cash. Cash flow remains a crucial issue as the company is facing a $347.5 million convertible notes maturity next year.
What type of business is SolarEdge Technologies?
SolarEdge Technologies, Inc. develops and sells optimized DC inverter systems for solar photovoltaic installations (solar panels). The company was founded in 2006, with its headquarters located in Herzliya, Israel. The company's products are used in various segments of the solar energy market, such as solar panels for residential homes, commercial, and municipal solar panels. The main types of products that the company produces are: - Power optimizer - built into each solar panel. - Inverter - responsible for converting DC to AC, and voltage control. - Special web applications and smartphone apps that provide monitoring of solar panels.
What sector is SolarEdge Technologies in?
SolarEdge Technologies is in the Technology sector
What industry is SolarEdge Technologies in?
SolarEdge Technologies is in the Solar industry
What country is SolarEdge Technologies from?
SolarEdge Technologies is headquartered in Israel
When did SolarEdge Technologies go public?
SolarEdge Technologies initial public offering (IPO) was on 26 March 2015
What is SolarEdge Technologies website?
https://www.solaredge.com
Is SolarEdge Technologies in the S&P 500?
No, SolarEdge Technologies is not included in the S&P 500 index
Is SolarEdge Technologies in the NASDAQ 100?
No, SolarEdge Technologies is not included in the NASDAQ 100 index
Is SolarEdge Technologies in the Dow Jones?
No, SolarEdge Technologies is not included in the Dow Jones index
When was SolarEdge Technologies the previous earnings report?
No data
When does SolarEdge Technologies earnings report?
The next expected earnings date for SolarEdge Technologies is 06 November 2024