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Last update at 2024-11-20T20:47:00Z
SolarEdge downgraded at TD Cowen as European headwinds continue
Mon 21 Oct 24, 04:17 PMSolarEdge Stock Falls After Downgrade. It’s Been a Rough Year.
Mon 21 Oct 24, 01:51 PMSolarEdge stock falls as Guggenheim cuts rating
Thu 17 Oct 24, 02:44 PMSolarEdge price target lowered to $25 from $35 at RBC Capital
Wed 16 Oct 24, 11:20 AMRenewable Energy Stocks Q2 Teardown: SolarEdge (NASDAQ:SEDG) Vs The Rest
Wed 16 Oct 24, 08:55 AMSolarEdge price target lowered to $21 from $22 at BofA
Fri 11 Oct 24, 11:35 AMEnphase Energy Introduces IQ8X Microinverters in Australia
Thu 10 Oct 24, 01:00 PMRenewable Energy Stocks Q2 Teardown: Generac (NYSE:GNRC) Vs The Rest
Wed 09 Oct 24, 07:59 AMSolarEdge Technologies (SEDG) Stock Slides as Market Rises: Facts to Know Before You Trade
Fri 04 Oct 24, 10:15 PMBreakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
Income before tax | 81.10M | 177.16M | 187.22M | 163.67M | 178.60M |
Minority interest | - | - | 0.00000M | 0.43M | -1.59200M |
Net income | 34.33M | 93.78M | 169.17M | 140.32M | 146.55M |
Selling general administrative | 146.50M | 112.50M | 82.20M | 63.12M | 57.67M |
Selling and marketing expenses | 164.32M | 159.68M | 119.00M | 95.98M | 87.98M |
Gross profit | 703.82M | 844.65M | 629.32M | 461.36M | 479.34M |
Reconciled depreciation | 57.20M | 49.68M | 39.53M | 31.83M | 26.89M |
Ebit | 90.09M | 183.94M | 208.97M | 142.69M | 199.02M |
Ebitda | 147.29M | 233.62M | 248.51M | 174.52M | 225.91M |
Depreciation and amortization | 57.20M | 49.68M | 39.53M | 31.83M | 26.89M |
Non operating income net other | - | - | -19.91500M | 21.11M | -11.34300M |
Operating income | 40.20M | 166.12M | 207.14M | 142.56M | 189.95M |
Other operating expenses | 2905.01M | 2944.16M | 1756.73M | 1316.71M | 1213.32M |
Interest expense | 4.20M | 9.95M | 8.67M | 8.07M | 4.80M |
Tax provision | 46.42M | 83.38M | 18.05M | 23.34M | 33.65M |
Interest income | 33.16M | 11.95M | 2.97M | 4.90M | 4.59M |
Net interest income | 14.69M | 0.15M | -19.91500M | 21.11M | -0.87900M |
Extraordinary items | - | - | - | - | 1.25M |
Non recurring | - | - | - | - | - |
Other items | - | - | - | - | - |
Income tax expense | 46.42M | 83.38M | 18.05M | 23.34M | 33.65M |
Total revenue | 2976.53M | 3110.28M | 1963.87M | 1459.27M | 1425.66M |
Total operating expenses | 632.30M | 678.53M | 422.18M | 318.80M | 267.00M |
Cost of revenue | 2272.70M | 2265.63M | 1334.55M | 997.91M | 946.32M |
Total other income expense net | -5.11400M | 10.89M | -13.07600M | 29.05M | -32.73300M |
Discontinued operations | - | - | - | - | - |
Net income from continuing ops | 34.33M | 93.78M | 169.17M | 140.32M | 144.96M |
Net income applicable to common shares | - | 93.78M | 169.17M | 140.32M | 146.55M |
Preferred stock and other adjustments | - | - | - | - | - |
Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
Total assets | 4587.73M | 4265.95M | 2892.06M | 2437.11M | 1494.62M |
Intangible assets | 35.34M | 19.93M | 58.86M | 67.82M | 74.01M |
Earning assets | - | - | - | - | - |
Other current assets | 212.47M | 241.08M | 63.44M | 50.04M | 16.43M |
Total liab | 2175.82M | 2089.58M | 1582.02M | 1351.35M | 682.95M |
Total stockholder equity | 2411.91M | 2176.37M | 1310.04M | 1085.76M | 811.67M |
Deferred long term liab | - | - | 151.56M | 123.97M | 94.44M |
Other current liab | 444.97M | 387.06M | 242.45M | 232.51M | 193.08M |
Common stock | 0.00600M | 0.00600M | 0.00500M | 0.00500M | 0.00500M |
Capital stock | 0.00600M | 0.00600M | 0.00500M | 0.00500M | 0.00500M |
Retained earnings | 778.17M | 743.84M | 650.06M | 478.00M | 337.68M |
Other liab | - | 483.77M | 355.88M | 280.54M | 213.63M |
Good will | 43.00M | 31.19M | 129.63M | 140.48M | 129.65M |
Other assets | 118.51M | 62.96M | 52.53M | 17.03M | 26.20M |
Cash | 338.47M | 783.11M | 530.09M | 827.15M | 223.90M |
Cash and equivalents | - | - | - | - | - |
Total current liabilities | 893.23M | 889.72M | 525.18M | 436.10M | 436.71M |
Current deferred revenue | 40.84M | 26.64M | 17.79M | 24.65M | 70.81M |
Net debt | 396.83M | -50.83700M | 170.87M | -175.53500M | -177.84200M |
Short term debt | 20.96M | 16.18M | 12.88M | 16.89M | 15.67M |
Short long term debt | - | - | 0.15M | 16.89M | 15.67M |
Short long term debt total | 735.30M | 732.27M | 700.96M | 651.61M | 46.06M |
Other stockholder equity | 1633.74M | 1505.63M | 687.29M | 603.89M | 475.79M |
Property plant equipment | - | 606.72M | 457.52M | 345.01M | 212.82M |
Total current assets | 3304.31M | 2899.66M | 1711.29M | 1719.34M | 932.76M |
Long term investments | 415.48M | 645.49M | 482.23M | 147.43M | 119.18M |
Net tangible assets | - | 2125.25M | 1121.55M | 877.46M | 608.01M |
Short term investments | 521.57M | 241.12M | 167.73M | 203.78M | 96.86M |
Net receivables | 788.35M | 905.15M | 456.34M | 218.71M | 298.38M |
Long term debt | 627.38M | 624.45M | 621.53M | 573.35M | 0.17M |
Inventory | 1443.45M | 729.20M | 380.14M | 331.70M | 170.80M |
Accounts payable | 386.47M | 459.83M | 252.07M | 162.05M | 157.15M |
Total permanent equity | - | - | - | - | - |
Noncontrolling interest in consolidated entity | - | - | - | - | - |
Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
Accumulated other comprehensive income | -46.88500M | -73.10900M | -27.31900M | 3.86M | -1.80900M |
Additional paid in capital | - | - | - | - | - |
Common stock total equity | - | - | 0.00500M | 0.00500M | 0.00500M |
Preferred stock total equity | - | - | - | - | - |
Retained earnings total equity | - | - | 650.06M | 478.00M | 337.68M |
Treasury stock | - | - | - | - | - |
Accumulated amortization | - | - | - | - | - |
Non currrent assets other | 29.95M | 18.81M | 24.96M | 5.35M | 9.90M |
Deferred long term asset charges | - | - | - | - | - |
Non current assets total | 1283.42M | 1366.29M | 1180.77M | 717.77M | 561.86M |
Capital lease obligations | 107.92M | 107.82M | 79.42M | 61.37M | 39.80M |
Long term debt total | - | - | 621.53M | 573.35M | 2.57M |
Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
Investments | -268.89400M | -417.04400M | -333.73600M | -236.63700M | -17.31000M |
Change to liabilities | - | 238.90M | 121.64M | -18.10500M | 187.72M |
Total cashflows from investing activities | - | -417.04400M | -484.21100M | -236.63700M | -152.85300M |
Net borrowings | - | -0.13800M | -16.07300M | 619.22M | -9.26500M |
Total cash from financing activities | -11.95600M | 654.61M | -15.17800M | 640.48M | -73.02100M |
Change to operating activities | - | 180.09M | 50.94M | 60.35M | 42.40M |
Net income | 34.33M | 93.78M | 169.17M | 140.32M | 144.96M |
Change in cash | -444.64400M | 253.02M | -297.05700M | 603.25M | 36.14M |
Begin period cash flow | 783.11M | 530.09M | 827.15M | 223.90M | 187.76M |
End period cash flow | 338.47M | 783.11M | 530.09M | 827.15M | 223.90M |
Total cash from operating activities | -180.11300M | 31.28M | 214.13M | 222.66M | 259.00M |
Issuance of capital stock | 0.00000M | 650.53M | 0.00000M | 0.00000M | - |
Depreciation | 57.20M | 49.68M | 39.53M | 31.83M | 26.89M |
Other cashflows from investing activities | - | 3.90M | -1.22400M | 26.77M | -62.98100M |
Dividends paid | - | - | - | - | - |
Change to inventory | -690.85400M | -341.08500M | -43.05100M | -149.66100M | -22.54400M |
Change to account receivables | 296.43M | -457.61000M | -247.72300M | 86.54M | -124.07100M |
Sale purchase of stock | -9.25900M | - | -4.28300M | 21.50M | 9.07M |
Other cashflows from financing activities | -9.03300M | 4.22M | -5.59100M | 634.58M | -72.57300M |
Change to netincome | - | 264.62M | 120.71M | 68.19M | 61.78M |
Capital expenditures | 181.12M | 169.34M | 149.25M | 126.79M | 72.56M |
Change receivables | - | - | -247.72300M | 86.54M | -124.07100M |
Cash flows other operating | - | - | 51.24M | 32.62M | -15.83000M |
Exchange rate changes | - | - | -11.79700M | -23.25700M | 3.01M |
Cash and cash equivalents changes | - | - | -297.05700M | 603.25M | 36.14M |
Change in working capital | -390.58800M | -379.70600M | -118.18600M | -22.28500M | 24.57M |
Stock based compensation | 149.94M | 145.54M | 102.59M | 67.31M | 60.35M |
Other non cash items | 12.08M | 133.05M | 33.06M | 8.21M | 8.27M |
Free cash flow | -361.23600M | -138.05700M | 64.88M | 95.86M | 186.44M |
Sector: Technology Industry: Solar
Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
---|---|---|---|---|---|---|---|---|
SEDG SolarEdge Technologies Inc |
0.38 3.63% | 10.85 | - | 113.64 | 1.25 | 1.55 | 1.21 | 25.32 |
FSLR First Solar Inc |
-2.52 1.34% | 184.84 | 28.97 | 13.44 | 5.89 | 2.92 | 5.44 | 14.89 |
ENPH Enphase Energy Inc |
1.77 2.89% | 63.13 | 64.37 | 38.91 | 6.95 | 16.18 | 6.78 | 26.01 |
NXT Nextracker Inc. Class A Common Stock |
1.19 3.27% | 37.59 | 16.44 | 12.44 | 2.71 | 15.50 | 2.46 | 15.56 |
XISHY Xinyi Solar Holdings Limited |
0.02 0.24% | 8.40 | 11.55 | 14.93 | 0.22 | 1.24 | 0.24 | 1.12 |
SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage. The Solar segment offers power optimizers, inverters, batteries, storage solutions, electric vehicle chargers, smart tracking solutions, and smart energy management software products; Monitoring platform, a cloud-based monitoring platform, which collects power, voltage, current, and system data sent from inverters and power optimizers; and MySolarEdge app, that enables system owners to track their real-time system production and household energy consumption. This segment also provides Designer platform, an web-based tool that helps solar professionals to plan, build, and validate residential and commercial systems; Mapper application for registering the physical layout of new PV sites installed with DC optimized inverter systems; SetApp application that activates and configurate inverters; and grid services. The Energy Storage segment provides lithium-ion cells and containerized battery systems (BESS) solutions for commercial, industrial, and utility markets; modules and racks; purpose-built components and solutions, and hardware and software tools; and pre and post sales engineering support for designing, building, and managing battery and system solutions. The company offers e-mobility products, automated machines, and UPS products; and pre-sales support, ongoing trainings, and technical support and after installation services. It sells its products through solar installers and distributors, electrical equipment wholesalers, and PV module manufacturers, as well as engineering, procurement, and construction firms. SolarEdge Technologies, Inc. was incorporated in 2006 and is headquartered in Herzliya, Israel.
1 HaMada Street, Herzliya, Israel, 4673335
Name | Title | Year Born |
---|---|---|
Mr. Zvi Lando | CEO & Director | 1965 |
Mr. Yoav Galin | VP of R&D and Founder | 1974 |
Mr. Ronen Faier CPA | Chief Financial Officer | 1971 |
Mr. Uri Bechor | Chief Operating Officer | 1971 |
Ms. Rachel Prishkolnik | VP, Gen. Counsel & Corp. Sec. | 1968 |
Mr. Lior Handelsman | Co-Founder and Advisor to the CEO for Strategic Initiatives & Projects | 1975 |
Mr. Meir Adest | Chief Product Officer & Co-Founder | 1976 |
Mr. Amir Fishelov | Founder & Chief Software Architect | NA |
Mr. Ilan Yoscovich | Chief Technology Officer | 1973 |
Lior Danziger | Director of Investor Relations and Fin. Operations | NA |
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