Tearsheet

SolarEdge Technologies (SEDG)

Market Price (12/4/2025): $31.98 | Market Cap: $1.9 Bil
Sector: Information Technology | Industry: Semiconductor Materials & Equipment

SolarEdge Technologies (SEDG)

Market Price (12/4/2025): $31.98
Market Cap: $1.9 Bil
Sector: Information Technology
Industry: Semiconductor Materials & Equipment

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Megatrend and thematic drivers Megatrends include Renewable Energy Transition, and Sustainable Infrastructure. Themes include Solar Energy Generation, Battery Storage & Grid Modernization, Show more.	Weak multi-year price returns 2Y Excs Rtn is -110%, 3Y Excs Rtn is -162%	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -471 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -45%
1			Stock price has recently run up significantly 12M Rtn12 month market price return is 116%
2			Weak revenue growth Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -14%
3			Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 104%
4			Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -30%
5			High stock price volatility Vol 12M is 110%
6			Significant short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 21%

0	Megatrend and thematic drivers Megatrends include Renewable Energy Transition, and Sustainable Infrastructure. Themes include Solar Energy Generation, Battery Storage & Grid Modernization, Show more.
1	Weak multi-year price returns 2Y Excs Rtn is -110%, 3Y Excs Rtn is -162%
2	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -471 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -45%
3	Stock price has recently run up significantly 12M Rtn12 month market price return is 116%
4	Weak revenue growth Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -14%
5	Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 104%
6	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -30%
7	High stock price volatility Vol 12M is 110%
8	Significant short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 21%

Valuation, Metrics & Events

	12/4/25	2024	2023	2022	2021
Share Price CYE	$31.98	$13.60	$93.60	$283.27	$280.57
Market Cap CYE ($ Bil)	1.9	0.8	5.3	15.9	14.8
Total Debt ($ Bil)	0.4	0.8	0.7	0.7	0.7
Total Cash ($ Bil)	0.5	0.6	0.9	1.0	0.7
Enterprise Value ($ Bil)	1.8	1.6	6.0	16.6	15.5
Valuation Ratios
P/S TTM	2.1	0.9	1.8	5.0	7.5
P/EBIT TTM	-3.2	-0.5	62.1	85.9	76.8
P/E TTM	-4.0	-0.4	154.2	166.4	86.6
Sector Ratios
P/S TTM (Sector)	3.2	3.2	2.9	2.6	4.7
P/EBIT TTM (Sector)	0.4	-0.0	-0.1	-0.7	3.1
P/E TTM (Sector)	-0.5	-0.3	-0.4	-0.8	0.1

	12/4/25	2024	2023
Share Price CYE	$31.98	$13.60	$93.60
Market Cap CYE ($ Bil)	1.9	0.8	5.3
Total Debt ($ Bil)	0.4	0.8	0.7
Total Cash ($ Bil)	0.5	0.6	0.9
Enterprise Value ($ Bil)	1.8	1.6	6.0
Valuation Ratios
P/S TTM	2.1	0.9	1.8
P/EBIT TTM	-3.2	-0.5	62.1
P/E TTM	-4.0	-0.4	154.2
Sector Ratios
P/S TTM (Sector)	3.2	3.2	2.9
P/EBIT TTM (Sector)	0.4	-0.0	-0.1
P/E TTM (Sector)	-0.5	-0.3	-0.4

	SEDG	S&P 500
REVENUE GROWTH
Rev LTM ($ Bil)	1.0
Rev Chg Q	44.5%	7.1%
Rev Chg LTM	2.4%	6.1%
Rev Chg 3Y Avg	-13.6%	5.5%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	-0.5
CFO LTM ($ Bil)	0.1
Net Inc LTM ($ Bil)	-0.6
Op Mgn LTM	-45.1%	18.8%
CFO/Rev LTM	8.6%	20.5%
Net Inc Mgn	-53.6%	13.1%
VALUATION	HIGH
P/S	2.1	3.2
P/CFO	24.8	15.8
P/FCF	35.2	20.5
P/E	-4.0	23.5
STABILITY	VERY GOOD
Debt/Equity	0.19	0.20
Cash/Assets	0.22	0.07

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Metric	Value	Date	Source
Megawatts (AC) of inverters shipped	1,471 MW	9302025	Link
Megawatt hours (MWh) of batteries shipped	269 MWh	9302025	Link
Number of inverters recognized as revenue	92,700	9302025	Link
Number of optimizers recognized as revenue	2.95 million	9302025	Link
Number of homes equipped with SolarEdge PV systems	Over 3.7 million	5272025	Link
Percentage of Fortune 100 companies with SolarEdge technology on at least one of their rooftops	Over 50%	5272025	Link

Recent
11/05/2025	Earnings Release	Rev: $340 Mil (A) vs. $330 Mil (E) EPS: -0.31 (A) vs. $-0.38 (E)
Upcoming
2/18/2026	Earnings Release	Rev: - EPS: -

SEDG Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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1. Weak Q4 2025 Outlook following Q3 2025 Results. SolarEdge Technologies reported its third-quarter 2025 results on November 5, 2025, which included an adjusted loss per share, and provided a weaker outlook for the fourth quarter of 2025, falling short of analyst consensus. This dampened investor sentiment despite revenue slightly surpassing expectations.

2. Persistent Inventory Overhang and Weak European Demand. Throughout 2024 and into 2025, SolarEdge faced significant challenges due to persistent excess inventory in the European market, which continued to affect its financials and was expected to delay market recovery. This issue was compounded by tempered expectations for normalized demand and a anticipated year-over-year decline in the European market.

3. Significant Negative Gross Margins and Profitability Challenges. SolarEdge experienced substantial profitability concerns, reporting negative GAAP gross margins for the full year 2024, including a negative 57.2% in the fourth quarter of 2024. This ongoing struggle with core profitability weighed heavily on investor confidence.

4. Major Asset Write-downs. The company undertook substantial asset write-downs and impairments totaling $1.17 billion for the full year 2024, with $138 million occurring in the fourth quarter of 2024. These write-downs, particularly a massive $1 billion inventory write-down, highlighted significant underlying operational issues that continued to impact the company's financial standing and future outlook.

5. Leadership Transition and Uncertainty. SolarEdge experienced a notable leadership change with CEO Zvi Lando stepping down in August 2024, and Shuki Nir being appointed as the new CEO in December 2024. This transition, occurring amidst significant financial struggles, contributed to investor uncertainty, especially as the new CEO acknowledged the need for considerable operational changes to restore growth.

Stock Movement Drivers

Fundamental Drivers

The -4.8% change in SEDG stock from 9/3/2025 to 12/3/2025 was primarily driven by a -13.3% change in the company's P/S Multiple.

	9032025	12032025	Change
Stock Price ($)	33.21	31.61	-4.82%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	940.56	1045.30	11.14%
P/S Multiple	2.07	1.79	-13.32%
Shares Outstanding (Mil)	58.57	59.28	-1.21%
Cumulative Contribution			-4.83%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
SEDG	-4.8%
Market (SPY)	6.2%	45.1%
Sector (XLK)	11.0%	38.6%

Fundamental Drivers

The 80.9% change in SEDG stock from 6/4/2025 to 12/3/2025 was primarily driven by a 61.8% change in the company's P/S Multiple.

	6042025	12032025	Change
Stock Price ($)	17.47	31.61	80.94%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	916.54	1045.30	14.05%
P/S Multiple	1.11	1.79	61.81%
Shares Outstanding (Mil)	58.12	59.28	-1.99%
Cumulative Contribution			80.87%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
SEDG	80.9%
Market (SPY)	15.1%	34.4%
Sector (XLK)	22.7%	26.2%

Fundamental Drivers

The 115.6% change in SEDG stock from 12/3/2024 to 12/3/2025 was primarily driven by a 119.0% change in the company's P/S Multiple.

	12032024	12032025	Change
Stock Price ($)	14.66	31.61	115.62%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1021.28	1045.30	2.35%
P/S Multiple	0.82	1.79	118.97%
Shares Outstanding (Mil)	57.03	59.28	-3.94%
Cumulative Contribution			115.29%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
SEDG	115.6%
Market (SPY)	14.3%	33.6%
Sector (XLK)	23.1%	28.6%

Fundamental Drivers

The -89.8% change in SEDG stock from 12/4/2022 to 12/3/2025 was primarily driven by a -71.1% change in the company's P/S Multiple.

	12042022	12032025	Change
Stock Price ($)	308.77	31.61	-89.76%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2771.49	1045.30	-62.28%
P/S Multiple	6.21	1.79	-71.13%
Shares Outstanding (Mil)	55.73	59.28	-6.37%
Cumulative Contribution			-89.80%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
SEDG	-62.2%
Market (SPY)	53.2%	30.7%
Sector (XLK)	60.2%	26.0%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
SEDG Return	236%	-12%	1%	-67%	-85%	140%	-66%
Peers Return	169%	1%	15%	8%	-22%	49%	292%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
SEDG Win Rate	83%	33%	50%	25%	25%	60%
Peers Win Rate	60%	40%	40%	35%	32%	42%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
SEDG Max Drawdown	-27%	-36%	-31%	-75%	-89%	-15%
Peers Max Drawdown	-26%	-21%	-30%	-24%	-29%	-30%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: FSLR, ENPH, CSIQ, Q, LRCX. See SEDG Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique Key	Event	SEDG	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-80.9%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	423.7%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-51.1%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	104.7%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	70 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-51.3%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	105.2%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	226 days	120 days

Compare to FSLR, ENPH, CSIQ, Q, LRCX

In The Past

SolarEdge Technologies's stock fell -80.9% during the 2022 Inflation Shock from a high on 11/15/2021. A -80.9% loss requires a 423.7% gain to breakeven.

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About SolarEdge Technologies (SEDG)

SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. It operates through five segments: Solar, Energy Storage, e-Mobility, Critical Power, and Automation Machines. The company offers inverters, power optimizers, communication devices, and smart energy management solutions used in residential, commercial, and small utility-scale solar installations; and a cloud-based monitoring platform that collects and processes information from the power optimizers and inverters, as well as monitors and manages the solar PV system. It also provides residential, commercial, and large scale PV, energy storage and backup, electric vehicle charging, and home energy management solutions, as well as grid services; and e-Mobility, automation machines, lithium-ion cells and battery packs, and uninterrupted power supply solutions, as well as virtual power plants, which helps to manage the load on the grid and grid stability. In addition, the company offers pre-sales support, ongoing trainings, and technical support and after installation services. 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.

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Intel for solar power systems
Qualcomm for solar power optimization

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Power Optimizers: Devices attached to individual solar panels to maximize energy output and provide module-level monitoring.
Solar Inverters: Convert direct current (DC) electricity from solar panels into alternating current (AC) for household use or grid injection.
Battery Storage Systems: Solutions for storing excess solar energy to be used during periods of low production or high demand.
EV Charging Solutions: Integrated electric vehicle chargers designed for seamless connection with their solar energy systems.
Energy Management Platform: Software and hardware for monitoring, controlling, and optimizing solar energy production, consumption, and storage.

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SolarEdge Technologies (SEDG) Major Customers

SolarEdge Technologies (SEDG) primarily operates on a **business-to-business (B2B)** model. The company designs, develops, and sells its smart energy solutions, including power optimizers, PV inverters, and monitoring platforms, to other companies rather than directly to individual consumers. Based on SolarEdge's public filings, including their annual 10-K reports, the company generally does not disclose specific major customer names. While they often state that a significant portion of their revenues comes from their top ten customers, they do not individually name these companies. This suggests a diversified customer base within their sales channels. However, the types of companies that constitute SolarEdge's major customer base include: * **Solar Distributors:** These companies purchase solar products in bulk from manufacturers like SolarEdge and then resell them to solar installers and EPC (Engineering, Procurement, and Construction) firms. Examples of large solar distributors globally include Rexel (symbol: RXL FP), BayWa r.e. (part of BayWa AG, symbol: BYW GR), and various regional distributors. While SolarEdge sells to these types of companies, no single distributor is typically named as a major customer in their disclosures. * **Solar Installers and EPC Firms:** These businesses are responsible for the design, installation, and maintenance of solar photovoltaic systems for residential, commercial, and utility-scale projects. They directly purchase components like SolarEdge inverters and optimizers for their projects. This category includes a wide range of companies, from small local installers to large national or international players. Therefore, while SolarEdge does not publicly identify specific major customer companies by name and symbol, its sales are primarily to a broad network of solar distributors, installers, and EPC companies worldwide.

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Hon Hai Precision Industry Co., Ltd. (Foxconn) (TWSE: 2317)

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Shuki Nir, Chief Executive Officer

Mr. Nir has nearly three decades of experience in leadership roles at multinational technology companies, most recently serving as SolarEdge's CMO in 2024. From 2008 to 2016, he was the General Manager of the consumer business at SanDisk (NASDAQ: SNDK), where he successfully led the strategic transformation and turnaround of a loss-making division into a profitable global market leader. Mr. Nir's background also includes strategic consulting for multinational corporations and serving on several boards, including IronSource (NYSE: IS), Kornit Digital (NASDAQ: KRNT), and Oddity (NASDAQ: ODD). He holds an MBA, an LLB, and a BA in accounting from Tel Aviv University.

Asaf Alperovitz, Chief Financial Officer

Mr. Alperovitz joined SolarEdge with over three decades of finance expertise and leadership experience across multiple industries. Most recently, from 2019 to 2024, he served as the CFO of Delta Galil, a global high-tech apparel company. Prior to Delta Galil, he held CEO and CFO positions at NASDAQ, NYSE, and TASE listed companies, including Syneron Medical, Omrix Pharmaceuticals (which was acquired by J&J), Tefron, and Allmed Solutions. He also previously held senior management roles at Ernst & Young. Throughout his career, Mr. Alperovitz has led multiple IPOs, secondary offerings, M&A deals, and strategic transformations. He holds a BA in Accounting & Economics and an MBA from Tel-Aviv University.

Uri Bechor, Chief Operating Officer

Mr. Bechor joined SolarEdge in 2019 as Chief Operating Officer. Before joining SolarEdge, he spent 22 years at Flex, where he held positions such as Senior Vice President, Global Operations, Europe and the Americas, and General Manager at Flex International Ltd. In his role at Flex, he oversaw more than forty manufacturing sites and was responsible for revenues exceeding $10 billion.

Ilan Yoscovich, Chief Technology Officer

Mr. Yoscovich currently serves as the Chief Technology Officer for SolarEdge. Prior to joining SolarEdge, he was the Chief Technology Officer of Slyde Technologies from 2005 to 2008. He also served with the Electronics Research Department (ERD) of Israel.

Meir Adest, Co-founder, Chief Product & Information Officer

Mr. Adest co-founded SolarEdge in 2006. He has served as Vice President, Core Technologies since 2007, where he was responsible for SolarEdge's certification and research of future technologies. He was appointed Chief Information Officer in 2018 and Chief Product & Information Officer in 2020. Before co-founding SolarEdge, Mr. Adest spent seven years at the Electronics Research Department (ERD), one of Israel's national labs, where he held various positions and managed large-scale techno-operational projects.

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The clear emerging threat for SolarEdge Technologies is the sustained and intensifying market share gains by competing module-level power electronics (MLPE) technology, specifically microinverters offered by companies such as Enphase Energy. This alternative architecture directly challenges SolarEdge's DC optimized inverter solution in key residential and commercial solar markets. Market data and recent financial performance indicate a growing preference for microinverter systems among installers and homeowners in certain regions, reflecting a shift in competitive advantage within the MLPE segment.

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SolarEdge Technologies (SEDG) participates in several significant addressable markets with its main products and services. Here are the addressable market sizes for SolarEdge's key offerings:

Power Optimizers: The global power optimizer market was valued at approximately $7.9 billion in 2024 and is projected to reach an estimated $25.8 billion by 2034. The U.S. market alone accounted for $3.5 billion in revenue in 2024, representing about 83.8% of the global share. Another estimate places the global solar microinverter and power optimizer market size at $5.3 billion in 2024, projected to hit around $18.62 billion by 2034.
Solar Inverters (PV Inverters): The global solar PV inverters market size is estimated at $14.27 billion in 2025 and is expected to reach $19.89 billion by 2030. Other estimates suggest the global solar inverter market was valued at approximately $14 billion in 2024 and is projected to grow to $35.60 billion by 2033. Another report indicates the global solar inverters/PV inverters market size was valued at $14.37 billion in 2024 and is projected to grow to $24.63 billion by 2034.
Energy Storage Systems: The global solar energy storage market size is valued at $93.3 billion in 2024 and is predicted to reach $475.3 billion by 2034.
EV Charging Solutions: The global market for solar DC EV chargers is estimated to be around $500 million in 2025 and is projected to reach approximately $4 billion by 2033. The global solar-powered EV charging stations market was estimated at $202.56 million in 2022 and is projected to grow to $365.84 million by 2029.
Residential Energy Management: The global residential energy management market is projected to reach $4.1 billion by 2025 from an estimated $2.2 billion in 2020.

SolarEdge also operates within the broader residential and commercial & industrial (C&I) solar PV markets:

Residential Solar PV: The global residential solar PV module market size was valued at over $48.4 billion in 2023 and is anticipated to reach more than $78.4 billion by 2032. The global residential solar market is projected to grow from $45.19 billion in 2024 to $70.25 billion by 2031.
Commercial & Industrial Solar PV: The global commercial & industrial solar PV market size was valued at $63.2 billion in 2024 and is anticipated to reach $164.1 billion by 2034.

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SolarEdge Technologies (SEDG) is expected to drive future revenue growth over the next 2-3 years through several key strategies:

Expansion into New Markets and International Growth: SolarEdge is actively working to enhance its market position in Europe, with a reported 21% year-over-year increase in revenue from the region in Q3 2025. The company has also begun shipping U.S.-made residential solar products to international markets such as Australia, marking a strategic move to deliver competitively priced products globally. Furthermore, SolarEdge aims to capitalize on opportunities within the AI-driven digital landscape.
Launch of New Products and Services, and Technological Advancements: The company is committed to continuous innovation, focusing on developing next-generation inverters and battery storage solutions. In the latter half of 2025, SolarEdge plans to launch a new three-phase solar inverter and a dedicated home battery for the European residential market. Additionally, SolarEdge has introduced a commercial and industrial (C&I) energy management system and is collaborating on advancing its solid-state transformer platform for data centers, which could strategically expand its core technology into this new market.
Growth of Recently Launched Products and Services (Storage and EV Charging): SolarEdge continues to demonstrate leadership in innovative energy solutions, having surpassed 500 MWh of storage in Virtual Power Plant (VPP) programs. The company also sees significant potential for additional revenue from inverter upgrades, the addition of energy storage, EV chargers, and integration with heat pumps into existing projects across residential, commercial, and industrial sectors. Analysts also highlight commercial and battery storage adoption as a key driver.
U.S. Manufacturing Ramp-Up and Policy Incentives: SolarEdge is expanding its manufacturing capabilities in the U.S., a strategy bolstered by policy incentives like the 45X advanced manufacturing credit preserved by the "One Big Beautiful Bill Act" (likely referring to the Inflation Reduction Act). This focus on domestic manufacturing is expected to lead to cost reductions and increased demand for its products.
Market Share Gains: SolarEdge has successfully regained the #1 residential inverter market share position in the U.S. during Q2 2025. This achievement is attributed to improvements in product quality and service. Sustaining and expanding these market share gains will be a significant factor in driving future revenue growth.

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Share Repurchases

SolarEdge Technologies' Board of Directors authorized a share repurchase program of up to $300 million on November 1, 2023, with an expiration date of December 31, 2024.
The company anticipated commencing the execution of its $300 million stock repurchase program in the first quarter of 2024.
Annual share buybacks for SolarEdge in 2024 amounted to $50.194 million.

Share Issuance

In March 2022, SolarEdge priced an offering of 2,000,000 shares of its common stock at $295.00 per share, generating gross proceeds of $590.0 million.
In June 2024, SolarEdge announced a private offering of $300 million in aggregate principal amount of Convertible Senior Notes due 2029, with an option for initial purchasers to acquire an additional $45 million.
The net proceeds from the June 2024 convertible notes offering were approximately $293.2 million (or $337.2 million if the option for additional notes was fully exercised), intended for capped call transactions, redemption of outstanding 2025 Convertible Notes, and general corporate purposes.

Outbound Investments

SolarEdge has completed a total of 4 acquisitions over time.
The most recent acquisition was Wevo Energy, a London-based software provider for managing electric vehicle charging, which closed in April 2024.
The company made one acquisition in 2024 and another in 2023.

Capital Expenditures

SolarEdge's capital expenditures reached a peak of $170.5 million in December 2023.
Capital expenditures for 2024 decreased to $108.2 million, representing a 36.6% reduction.
As of September 30, 2025, SolarEdge had approximately $26.5 million in open commitments for capital expenditures, primarily focused on purchasing automated assembly lines and other machinery for manufacturing and operations, alongside establishing and expanding U.S. manufacturing capabilities in 2023, 2024, and 2025.

Better Bets than SolarEdge Technologies (SEDG)

	SEDG	Better Performance than SEDG
Metric	Value	INDUSTRY: Semiconductor Materials & Equipment
Rev Chg LTM	2.4%	LRCX (25.7%), KLAC (22.1%), MKSI (8.1%), AMAT (6.6%), TER (4.5%)
Rev Chg 3Y Avg	-13.6%	KLAC (8.7%), AMAT (4.4%), LRCX (4.0%), ENTG (3.8%), TER (-4.3%)
Op Mgn LTM	-45.1%	KLAC (41.8%), LRCX (33.0%), AMAT (30.1%), TER (18.8%), ENTG (12.8%)
CFO/Rev LTM	8.6%	KLAC (33.9%), LRCX (32.6%), AMAT (26.9%), TER (23.6%), ENTG (21.1%)
FCF/Rev LTM	6.0%	KLAC (30.9%), LRCX (28.3%), AMAT (20.4%), TER (16.0%), ENTG (10.3%)
Total Yield	-25.6%	AMAT (5.6%), LRCX (4.1%), KLAC (3.7%), TER (2.4%), ENTG (2.3%)
P/S	2.1	UCTT (0.6), ICHR (0.6), ASYS (0.8), AXTI (1.1), PLAB (1.3)
P/Op Inc	-4.7

	SEDG	Better Performance than SEDG
Metric	Value	SECTOR: Information Technology
Rev Chg LTM	2.4%	NVDA (71.6%), AVGO (28.0%), MSFT (15.6%), ORCL (9.7%), AAPL (6.0%)
Rev Chg 3Y Avg	-13.6%	NVDA (92.0%), AVGO (24.0%), MSFT (13.2%), ORCL (10.2%), AAPL (1.8%)
Op Mgn LTM	-45.1%	NVDA (58.1%), MSFT (46.3%), AVGO (39.0%), AAPL (31.9%), ORCL (31.6%)
CFO/Rev LTM	8.6%	MSFT (50.0%), NVDA (46.6%), AVGO (42.4%), ORCL (36.5%), AAPL (26.6%)
FCF/Rev LTM	6.0%	PLTR (46.0%), NVDA (43.6%), AVGO (41.6%), MSFT (26.6%), AAPL (23.5%)
Total Yield	-25.6%	MSFT (3.4%), AAPL (3.0%), ORCL (2.8%), NVDA (2.3%), AVGO (1.5%)
P/S	2.1	HPQ (0.4), JBL (0.8), HPE (0.8), DELL (0.8), CTSH (1.6)
P/Op Inc	-4.7

	SEDG	Better Performance than SEDG
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	2.4%	LLY (36.8%), META (21.3%), GOOGL (13.4%), AMZN (10.9%), WMT (4.2%)
Rev Chg 3Y Avg	-13.6%	BRK-B (19.8%), META (17.3%), AMZN (11.3%), GOOGL (11.0%), TSLA (9.3%)
Op Mgn LTM	-45.1%	META (43.2%), LLY (43.0%), GOOGL (32.2%), AMZN (11.4%), TSLA (5.1%)
CFO/Rev LTM	8.6%	META (56.8%), GOOGL (39.3%), AMZN (18.1%), TSLA (16.5%), BRK-B (9.8%)
FCF/Rev LTM	6.0%	MA (52.5%), META (23.7%), GOOGL (19.1%), XOM (8.8%), TSLA (7.1%)
Total Yield	-25.6%	BRK-B (6.2%), GOOGL (4.6%), META (3.5%), AMZN (3.0%), TSLA (0.4%)
P/S	2.1	UNH (0.7), WMT (1.1), XOM (1.4), COST (1.5), CVX (1.6)
P/Op Inc	-4.7

		Best Bets In Information Technology Sector
	SEDG
What You Pay
P/E	-3.9
P/EBIT	-3.2
What You Get
Rev Chg Q	44.5%
Rev Chg LTM	2.4%
Rev Chg 3Y Avg	-13.6%
FCF/Rev 3Y Avg	-19.9%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 24%, alpha of 2.9%, and sharpe of 1.04

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	SolarEdge Technologies Earnings Notes
2	Would You Still Hold SolarEdge Technologies Stock If It Fell Another 30%?	Return
3	Is SEDG Stock Still the Best Pick Among Its Peers?
4	SolarEdge Technologies (SEDG) Operating Cash Flow Comparison	Financials
5	SolarEdge Technologies (SEDG) Net Income Comparison	Financials
6	SolarEdge Technologies (SEDG) Debt Comparison	Financials
7	SolarEdge Technologies (SEDG) EBITDA Comparison	Financials
8	SolarEdge Technologies (SEDG) Operating Income Comparison	Financials
9	SolarEdge Technologies (SEDG) Revenue Comparison	Financials
10	SolarEdge Technologies (SEDG) Tax Expense Comparison	Financials
11	ARTICLES
12	How Does SEDG Stock Compare With Its Peers Right Now?		August 21st, 2025
13	SEDG Stock Down -22% after 5-Day Loss Streak		July 30th, 2025
14	Market Movers \| Winners: RGTI, SSII, JOBY \| Losers: MMSI, SEDG, NUTX		July 17th, 2025
15	What Next For SolarEdge Stock After 12% Rally?		June 11th, 2025
16	SolarEdge Technologies Stock Has Jumped More Than 8x Since 2017- Here’s Why		September 13th, 2022

	Title
0	DASHBOARDS
1	SolarEdge Technologies Earnings Notes
2	Would You Still Hold SolarEdge Technologies Stock If It Fell Another 30%?
3	Is SEDG Stock Still the Best Pick Among Its Peers?
4	SolarEdge Technologies (SEDG) Operating Cash Flow Comparison
5	SolarEdge Technologies (SEDG) Net Income Comparison
6	SolarEdge Technologies (SEDG) Debt Comparison
7	SolarEdge Technologies (SEDG) EBITDA Comparison
8	SolarEdge Technologies (SEDG) Operating Income Comparison
9	SolarEdge Technologies (SEDG) Revenue Comparison
10	SolarEdge Technologies (SEDG) Tax Expense Comparison
11	ARTICLES
12	How Does SEDG Stock Compare With Its Peers Right Now?
13	SEDG Stock Down -22% after 5-Day Loss Streak
14	Market Movers \| Winners: RGTI, SSII, JOBY \| Losers: MMSI, SEDG, NUTX
15	What Next For SolarEdge Stock After 12% Rally?
16	SolarEdge Technologies Stock Has Jumped More Than 8x Since 2017- Here’s Why

Trade Ideas

Select past ideas related to SEDG. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11302025	ENPH	Enphase Energy	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	0.9%	0.9%	-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11262025	PD	PagerDuty	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	0.8%	0.8%	0.0%
CRM_11212025_Dip_Buyer_FCFYield	11212025	CRM	Salesforce	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.3%	3.3%	-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11212025	HUBS	HubSpot	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	5.1%	5.1%	0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FIVN	Five9	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	4.0%	4.0%	0.0%
SEDG_10312020_Quality_Momentum_RoomToRun_10%	10312020	SEDG	SolarEdge Technologies	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	2.3%	37.6%	-20.8%
SEDG_11302019_Quality_Momentum_RoomToRun_10%	11302019	SEDG	SolarEdge Technologies	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	73.9%	253.2%	-14.9%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11302025	ENPH	Enphase Energy	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	0.9%	0.9%	-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11262025	PD	PagerDuty	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	0.8%	0.8%	0.0%
CRM_11212025_Dip_Buyer_FCFYield	11212025	CRM	Salesforce	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.3%	3.3%	-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11212025	HUBS	HubSpot	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	5.1%	5.1%	0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FIVN	Five9	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	4.0%	4.0%	0.0%
SEDG_10312020_Quality_Momentum_RoomToRun_10%	10312020	SEDG	SolarEdge Technologies	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	2.3%	37.6%	-20.8%
SEDG_11302019_Quality_Momentum_RoomToRun_10%	11302019	SEDG	SolarEdge Technologies	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	73.9%	253.2%	-14.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for SolarEdge Technologies

Peers to compare with:

Financials

	SEDG	FSLR	ENPH	CSIQ	Q	LRCX	Median
Name	SolarEdg.	First So.	Enphase .	Canadian.	Qnity El.	Lam Rese.
Mkt Price	31.61	256.06	29.39	23.43	80.28	159.75	55.95
Mkt Cap	1.9	27.5	3.8	1.6	-	202.0	3.8
Rev LTM	1,045	4,343	1,512	5,919	4,374	19,592	4,359
Op Inc LTM	-471	1,362	207	-54	863	6,466	535
FCF LTM	63	-943	217	-2,047	658	5,550	140
FCF 3Y Avg	-229	-557	454	-1,461	-	4,964	-229
CFO LTM	89	299	256	-240	916	6,384	278
CFO 3Y Avg	-110	762	518	63	-	5,531	518

Growth & Margins

	SEDG	FSLR	ENPH	CSIQ	Q	LRCX	Median
Name	SolarEdg.	First So.	Enphase .	Canadian.	Qnity El.	Lam Rese.
Rev Chg LTM	2.4%	15.4%	21.0%	-9.1%	-	25.7%	15.4%
Rev Chg 3Y Avg	-13.6%	20.6%	0.5%	-0.4%	-	4.0%	0.5%
Rev Chg Q	44.5%	8.6%	7.8%	3.6%	-	27.7%	8.6%
QoQ Delta Rev Chg LTM	11.1%	2.0%	2.0%	1.0%	-	6.3%	2.0%
Op Mgn LTM	-45.1%	31.3%	13.7%	-0.9%	19.7%	33.0%	16.7%
Op Mgn 3Y Avg	-57.7%	22.9%	12.9%	3.1%	-	30.2%	12.9%
QoQ Delta Op Mgn LTM	95.1%	-0.9%	0.9%	1.4%	-	1.0%	1.0%
CFO/Rev LTM	8.6%	6.9%	16.9%	-4.1%	20.9%	32.6%	12.7%
CFO/Rev 3Y Avg	-12.5%	21.7%	27.1%	0.1%	-	32.5%	21.7%
FCF/Rev LTM	6.0%	-21.7%	14.4%	-34.6%	15.0%	28.3%	10.2%
FCF/Rev 3Y Avg	-19.9%	-14.8%	23.7%	-23.2%	-	29.3%	-14.8%

Valuation

	SEDG	FSLR	ENPH	CSIQ	Q	LRCX	Median
Name	SolarEdg.	First So.	Enphase .	Canadian.	Qnity El.	Lam Rese.
Mkt Cap	1.9	27.5	3.8	1.6	-	202.0	3.8
P/S	2.1	5.4	3.1	0.1	-	8.6	3.1
P/EBIT	-3.2	17.1	19.1	-27.1	-	25.3	17.1
P/E	-3.9	18.8	23.7	-107.5	-	29.1	18.8
P/CFO	24.5	79.1	18.1	-3.1	-	26.5	24.5
Total Yield	-25.6%	5.3%	4.2%	-0.9%	-	4.1%	4.1%
Dividend Yield	0.0%	0.0%	0.0%	0.0%	-	0.7%	0.0%
FCF Yield 3Y Avg	-15.8%	-2.6%	3.9%	-166.2%	-	4.4%	-2.6%
D/E	0.2	0.0	0.3	9.6	-	0.0	0.2
Net D/E	-0.0	-0.0	-0.1	7.1	-	-0.0	-0.0

Returns

	SEDG	FSLR	ENPH	CSIQ	Q	LRCX	Median
Name	SolarEdg.	First So.	Enphase .	Canadian.	Qnity El.	Lam Rese.
1M Rtn	-3.8%	-3.6%	-0.4%	2.9%	-	-0.8%	-0.8%
3M Rtn	-4.8%	27.1%	-20.7%	136.7%	-	64.0%	27.1%
6M Rtn	80.9%	60.2%	-31.9%	112.2%	-	89.6%	80.9%
12M Rtn	115.6%	23.4%	-59.9%	86.2%	-	106.4%	86.2%
3Y Rtn	-89.8%	52.1%	-91.3%	-35.9%	-	261.5%	-35.9%
1M Excs Rtn	-3.8%	-3.6%	-0.4%	2.9%	-	-0.7%	-0.7%
3M Excs Rtn	-12.8%	21.5%	-24.9%	136.0%	-	54.3%	21.5%
6M Excs Rtn	66.2%	45.5%	-46.6%	97.5%	-	74.9%	66.2%
12M Excs Rtn	86.5%	14.9%	-72.4%	75.3%	-	105.3%	75.3%
3Y Excs Rtn	-162.1%	-18.2%	-163.4%	-103.9%	-	200.5%	-103.9%

Comparison Analyses

	Title
0	SolarEdge Technologies vs. Rubrik: With Return Forecast Of 61%, Rubrik Is A Better Bet
1	SolarEdge Technologies vs. Monday.Com: With Return Forecast Of 81%, Monday.Com Is A Better Bet
2	SolarEdge Technologies vs. Duolingo: With Return Forecast Of 60%, Duolingo Is A Better Bet
3	SolarEdge Technologies vs. Enphase Energy: Neither Seems Like A Good Bet
4	SolarEdge Technologies vs. Canadian Solar: Neither Seems Like A Good Bet
5	SolarEdge Technologies vs. Silicon Laboratories: With Return Forecast Of 58%, Silicon Laboratories Is A Better Bet
6	SolarEdge Technologies vs. Power Integrations: Neither Seems Like A Good Bet
7	SolarEdge Technologies vs. Liberty Broadband: Neither Seems Like A Good Bet
8	SolarEdge Technologies vs. DT Midstream: Neither Seems Like A Good Bet
9	SolarEdge Technologies vs. MACOM Technology Solutions: With Return Forecast Of 45%, MACOM Technology Solutions Is A Better Bet

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	11/6/2025	2/25/2025	2/26/2024	2/22/2023	2/22/2022	2/19/2021	2/27/2020
Key Financials
Total Revenue	1,045	901	2,977	3,110	1,964	1,459	1,426
EBITDA	-659	-1,640	142	231	230	171	210
Operating Income	-471	-1,476	71	285	208	139	212
Net Income	-561	-1,806	34	94	169	140	147
EPS	-9.67	-31.64	0.61	1.70	3.24	2.79	3.06
Growth Rates
Total Revenue Growth	2.4%	-69.7%	-4.3%	58.4%	34.6%	2.4%	52.1%
EBITDA Growth	50.9%	-1251.2%	-38.4%	0.4%	34.7%	-18.7%	38.1%
Operating Income Growth	66.8%	-2183.8%	-75.2%	36.8%	49.8%	-34.5%	52.3%
Net Income Growth	66.6%	-5361.9%	-63.4%	-44.6%	20.6%	-4.2%	13.8%
Margins
EBITDA Margin	-63.0%	-182.0%	4.8%	7.4%	11.7%	11.7%	14.8%
Operating Income Margin	-45.1%	-163.8%	2.4%	9.2%	10.6%	9.5%	14.9%
Net Income Margin	-53.6%	-200.4%	1.2%	3.0%	8.6%	9.6%	10.3%
Cash & Debt
Total Cash	499	586	860	1,024	698	1,031	321
Total Debt	416	757	732	736	714	663	58
Net Debt / (Cash)	-83	171	-128	-289	16	-368	-263
Cash Flows
Net Cash from Operations	89	-313	-180	31	214	223	259
Free Cash from Operations	63	-431	-361	-138	65	96	186
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	-0	50	-0	-0	-0	-0	-0

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	11/6/2025	8/7/2025	5/8/2025	2/25/2025	11/7/2024	8/7/2024	5/9/2024	2/26/2024	11/6/2023	8/7/2023	5/8/2023	2/22/2023
Key Financials Quarterly
Total Revenue	340	289	219	196	235	265	204	316	725	991	944	891
Ebitda	-27	-65	-91	-476	-865	-143	-157	-176	-1	164	156	21
Operating Income	-34	-69	-103	-265	-882	-159	-172	-206	-17	150	143	112
Net Income	-50	-125	-99	-287	-1,231	-131	-157	-162	-61	120	138	21
EPS	-0.84	-2.13	-1.70	-5.00	-21.58	-2.31	-2.75	-2.85	-1.08	2.12	2.46	0.37
Key Financials TTM
Total Revenue TTM	1,045	941	917	901	1,021	1,511	2,237	2,977	3,551	3,663	3,399	3,110
Ebitda TTM	-659	-1,497	-1,575	-1,641	-1,341	-478	-171	142	339	435	325	231
Operating Income TTM	-471	-1,319	-1,408	-1,477	-1,418	-553	-244	71	388	487	377	285
Net Income TTM	-561	-1,741	-1,748	-1,806	-1,681	-512	-261	34	218	303	199	94
Growth Rates Quarterly
Total Revenue Growth	44.5%	9.1%	7.4%	-37.9%	-67.5%	-73.2%	-78.3%	-64.5%	-13.3%	36.2%	44.1%	61.4%
EBITDA Growth	96.9%	54.7%	42.2%	-170.7%	-60303.6%	-187.6%	-200.5%	-948.9%	-101.5%	207.7%	149.8%	-38.8%
Operating Income Growth	96.1%	56.4%	40.3%	-28.9%	-5171.8%	-205.6%	-220.5%	-283.5%	-120.5%	269.4%	180.6%	173.0%
Net Income Growth	95.9%	4.6%	37.4%	-77.0%	-1911.9%	-209.5%	-213.7%	-879.6%	-347.2%	692.3%	317.8%	-49.1%
Margins Quarterly
EBITDA Margin	-8.0%	-22.4%	-41.3%	-242.7%	-367.4%	-54.0%	-76.8%	-55.6%	-0.2%	16.5%	16.5%	2.3%
Operating Income Margin	-10.1%	-23.9%	-46.8%	-135.0%	-374.5%	-59.8%	-84.1%	-65.0%	-2.3%	15.2%	15.1%	12.6%
Net Income Margin	-14.7%	-43.1%	-44.9%	-146.5%	-522.8%	-49.3%	-77.0%	-51.4%	-8.4%	12.1%	14.7%	2.3%
Cash & Debt
Total Cash	499	758	652	586	679	690	681	860	1,028	1,051	1,139	1,024
Total Debt	416	760	758	757	758	729	730	732	734	735	737	736
Net Debt / (Cash)	-83	2	106	171	80	39	49	-128	-295	-316	-402	-289
Cash Flows Quarterly
FCF from Operations	26	-8	34	38	-89	-45	-217	-140	41	-89	8	111
Cash Flows TTM
FCF from Operations TTM	89	-26	-62	-313	-491	-361	-405	-180	71	36	202	31
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	0	0	50	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	-8.2%	-15.8%	-23.1%	-58.6%	-207.4%	-36.2%	-36.5%	-41.1%	-5.3%	38.9%	44.2%	16.0%
Return on Invested Capital (ROIC) TTM
ROIC TTM	-28.0%	-75.3%	-79.2%	-81.7%	-83.4%	-31.2%	-14.5%	2.0%	19.4%	28.5%	23.5%	13.2%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Solar	2,816	2,921	1,787	1,357	1,337
All other	160	112	176	103	89
Revenues from finance component	1	1	0
Energy Storage		76
Adjustment of intersegment revenues				-1
Total	2,977	3,110	1,964	1,459	1,426

Operating Income by Segment

$ Mil	2024	2023	2022	2021	2020
Solar	365	487	369	256	294
Other unallocated income (expenses)	-1	3	-1	-4	-5
Amortization and depreciation of acquired assets	-8	-9	-11	-9	-9
Impairment and disposal by abandonment of long-lived assets	-31	-119
Restructuring and other exit activities	-60	-4
All other	-74	-31	-47	-37	-17
Stock based compensation expenses	-150	-146	-103	-67	-60
Energy Storage		-14
Intersegment profit				-0
Legal settlement				5	-5
Cost of products adjustments					-2
Sale of SolarEdge Automation Machines’ subsidiary					-5
Total	40	166	207	143	190

Price Behavior

Price Behavior

Market Price	$31.61
Market Cap ($ Bil)	1.9
First Trading Date	03/26/2015
Distance from 52W High	-30.3%
	50 Days	200 Days
DMA Price	$37.03	$25.37
DMA Trend	up	up
Distance from DMA	-14.6%	24.6%
	3M	1YR
Volatility	99.9%	110.4%
Downside Capture	334.73	166.75
Upside Capture	220.31	222.09
Correlation (SPY)	45.9%	33.6%

SEDG Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	4.43	3.78	3.75	3.28	1.86	1.93
Up Beta	4.06	4.28	5.13	3.84	1.70	1.46
Down Beta	5.35	3.96	4.74	4.33	2.33	2.20
Up Capture	533%	369%	316%	532%	401%	365%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	9	20	33	72	131	354
Down Capture	366%	320%	265%	195%	122%	111%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	10	21	29	52	116	394

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of SEDG With Other Asset Classes (Last 1Y)
	SEDG	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	112.7%	25.9%	15.3%	58.9%	4.6%	-5.8%	-3.1%
Annualized Volatility	110.2%	27.6%	19.7%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	1.20	0.81	0.60	2.26	0.09	-0.48	0.04
Correlation With Other Assets		28.5%	33.6%	11.2%	14.7%	31.3%	27.6%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of SEDG With Other Asset Classes (Last 5Y)
	SEDG	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-34.8%	19.9%	15.0%	17.9%	11.9%	4.9%	37.1%
Annualized Volatility	80.5%	24.6%	17.1%	15.5%	18.9%	19.0%	49.1%
Sharpe Ratio	-0.16	0.73	0.71	0.93	0.52	0.17	0.64
Correlation With Other Assets		35.7%	37.9%	13.4%	12.4%	33.0%	19.1%

Based On 10-Year Data

		Comparison of SEDG With Other Asset Classes (Last 10Y)
	SEDG	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	5.4%	22.2%	14.5%	14.2%	5.6%	5.4%	76.3%
Annualized Volatility	71.5%	24.2%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	0.39	0.84	0.69	0.79	0.25	0.23	0.95
Correlation With Other Assets		37.5%	38.5%	10.7%	16.0%	31.6%	14.7%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	12,174,222
Short Interest: % Change Since 10312025	-8.2%
Average Daily Volume	5,946,522
Days-to-Cover Short Interest	2.05
Basic Shares Quantity	59,278,269
Short % of Basic Shares	20.5%

Returns Analyses

	Title
0	Would You Still Hold SolarEdge Technologies Stock If It Fell Another 30%?
1	SEDG YTD Stock Return Of -65% Outperforms SPWR by 10% and Underperforms VSLR by -65%
2	SEDG YTD Stock Return Of 2.6% Outperforms VSLR by 103% and Underperforms ENPH by -55%
3	SolarEdge Technologies Stock Return Comparison
4	SolarEdge Technologies Total Shareholder Return (TSR): 1.0% in 2022 and 43.9% 3-yr returns (below peer average)
5	[10/10/2021] SolarEdge Technologies (SEDG) Stock Price Forecast: AI Forecasts SEDG Stock Price To Be Around $270 In A Month (Up 3.1%)

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	11062025	10-Q 9/30/2025
6302025	8072025	10-Q 6/30/2025
3312025	5082025	10-Q 3/31/2025
12312024	2252025	10-K 12/31/2024
9302024	11072024	10-Q 9/30/2024
6302024	8072024	10-Q 6/30/2024
3312024	5092024	10-Q 3/31/2024
12312023	2262024	10-K 12/31/2023
9302023	11062023	10-Q 9/30/2023
6302023	8072023	10-Q 6/30/2023
3312023	5082023	10-Q 3/31/2023
12312022	2222023	10-K 12/31/2022
9302022	11082022	10-Q 9/30/2022
6302022	8042022	10-Q 6/30/2022
3312022	5042022	10-Q 3/31/2022
12312021	2222022	10-K 12/31/2021

Insider Activity

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	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	AVERY MORE		3062025	Buy	13.70	30,000	411,000	3,760,349	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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SolarEdge Technologies (SEDG)

Market Price (12/4/2025): $31.98 | Market Cap: $1.9 BilSector: Information Technology | Industry: Semiconductor Materials & Equipment

SolarEdge Technologies (SEDG)

Market Price (12/4/2025): $31.98Market Cap: $1.9 BilSector: Information TechnologyIndustry: Semiconductor Materials & Equipment

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Market Price (12/4/2025): $31.98 | Market Cap: $1.9 Bil
Sector: Information Technology | Industry: Semiconductor Materials & Equipment

Market Price (12/4/2025): $31.98
Market Cap: $1.9 Bil
Sector: Information Technology
Industry: Semiconductor Materials & Equipment