SolarEdge Technologies (SEDG)
Market Price (12/24/2025): $30.46 | Market Cap: $1.8 BilSector: Information Technology | Industry: Semiconductor Materials & Equipment
SolarEdge Technologies (SEDG)
Market Price (12/24/2025): $30.46Market Cap: $1.8 BilSector: Information TechnologyIndustry: Semiconductor Materials & Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, and Sustainable Infrastructure. Themes include Solar Energy Generation, Battery Storage & Grid Modernization, Show more. | Weak multi-year price returns2Y Excs Rtn is -115%, 3Y Excs Rtn is -170% | Not profitable at operating income levelOp 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% |
| Meaningful short interestShort 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 20% | Stock price has recently run up significantly12M Rtn12 month market price return is 105% | |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -14% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -35% | ||
| High stock price volatilityVol 12M is 107% | ||
| Key risksSEDG key risks include [1] a crippling inventory glut leading to massive financial write-downs and losses, Show more. |
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, and Sustainable Infrastructure. Themes include Solar Energy Generation, Battery Storage & Grid Modernization, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -115%, 3Y Excs Rtn is -170% |
| Meaningful short interestShort 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 20% |
| Not profitable at operating income levelOp 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% |
| Stock price has recently run up significantly12M Rtn12 month market price return is 105% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -14% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -35% |
| High stock price volatilityVol 12M is 107% |
| Key risksSEDG key risks include [1] a crippling inventory glut leading to massive financial write-downs and losses, Show more. |
Why The Stock Moved
Qualitative Assessment
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Here are the key points explaining the approximate -9.9% movement in SolarEdge Technologies (SEDG) stock during the approximate period from August 31, 2025, to December 24, 2025: **1. Disappointing Q3 2025 Financial Results and Weak Q4 2025 Guidance.**SolarEdge Technologies reported third-quarter 2025 financial results that, despite showing year-over-year revenue growth, presented a mixed picture and fell short of analyst expectations for profitability. More significantly, the company's guidance for the fourth quarter of 2025 projected revenue between $310 million and $340 million, which was below the analyst consensus estimate of $343.3 million. This cautious outlook led to a sharp negative reaction in the market, with shares falling approximately 10.5% in pre-market activity on November 5, 2025. **2. Weakening Demand in the Solar Market.**
The company continued to face challenges due to a weakening demand for rooftop solar systems, particularly in the European residential market, which is its largest. This slowdown was attributed to elevated interest rates and a persistent inventory glut, impacting sales and profitability. SolarEdge's CEO noted that they did not expect to clear the backlog of inventory until the end of 2024, and the U.S. retail solar market was anticipated to remain subdued until interest rates fell. **3. Negative Gross Margins and Operating Losses.**
SolarEdge's financial reports for late 2024 and early 2025 highlighted significant struggles with profitability. The company reported negative GAAP gross margins, with Q4 2024 GAAP gross margin at negative 57.2%, though an improvement from the prior quarter's negative 309.1%. Persistent operating losses were also a concern, with a GAAP operating loss of $1.09 billion in Q3 2024 and an adjusted operating loss of $184.1 million in Q4 2024, indicating difficulties in its core operations. **4. Substantial Asset Impairment Charges.**
During 2024, SolarEdge undertook significant asset valuation analyses that resulted in substantial write-downs and impairment charges. In Q3 2024 alone, these charges amounted to $1.03 billion, heavily contributing to a massive net loss for the quarter. For the full year 2024, the total write-down and impairment amount was $1.17 billion. These charges underscored a re-evaluation of the company's asset values in a challenging market environment. **5. Increased Competition and Pricing Pressure.**
The competitive landscape, particularly with rivals like Enphase Energy, intensified pricing pressure on SolarEdge, especially in the U.S. and European markets. This led to a compression of margins as SolarEdge adjusted its pricing strategies to maintain market share amidst slowing demand and increased rivalry from lower-cost competitors. Show more
Stock Movement Drivers
Fundamental Drivers
The -15.2% change in SEDG stock from 9/23/2025 to 12/23/2025 was primarily driven by a -22.7% change in the company's P/S Multiple.| 9232025 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 35.93 | 30.48 | -15.17% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 940.56 | 1045.30 | 11.14% |
| P/S Multiple | 2.24 | 1.73 | -22.74% |
| Shares Outstanding (Mil) | 58.57 | 59.28 | -1.21% |
| Cumulative Contribution | -15.18% |
Market Drivers
9/23/2025 to 12/23/2025| Return | Correlation | |
|---|---|---|
| SEDG | -15.2% | |
| Market (SPY) | 3.7% | 47.1% |
| Sector (XLK) | 4.2% | 40.6% |
Fundamental Drivers
The 61.0% change in SEDG stock from 6/24/2025 to 12/23/2025 was primarily driven by a 44.0% change in the company's P/S Multiple.| 6242025 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 18.93 | 30.48 | 61.01% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 916.54 | 1045.30 | 14.05% |
| P/S Multiple | 1.20 | 1.73 | 43.99% |
| Shares Outstanding (Mil) | 58.12 | 59.28 | -1.99% |
| Cumulative Contribution | 60.95% |
Market Drivers
6/24/2025 to 12/23/2025| Return | Correlation | |
|---|---|---|
| SEDG | 61.0% | |
| Market (SPY) | 13.7% | 35.1% |
| Sector (XLK) | 18.2% | 27.4% |
Fundamental Drivers
The 104.8% change in SEDG stock from 12/23/2024 to 12/23/2025 was primarily driven by a 108.0% change in the company's P/S Multiple.| 12232024 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 14.88 | 30.48 | 104.84% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1021.28 | 1045.30 | 2.35% |
| P/S Multiple | 0.83 | 1.73 | 108.02% |
| Shares Outstanding (Mil) | 57.03 | 59.28 | -3.94% |
| Cumulative Contribution | 104.52% |
Market Drivers
12/23/2024 to 12/23/2025| Return | Correlation | |
|---|---|---|
| SEDG | 104.8% | |
| Market (SPY) | 16.7% | 34.8% |
| Sector (XLK) | 23.2% | 30.1% |
Fundamental Drivers
The -90.2% change in SEDG stock from 12/24/2022 to 12/23/2025 was primarily driven by a -72.3% change in the company's P/S Multiple.| 12242022 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 310.15 | 30.48 | -90.17% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 2771.49 | 1045.30 | -62.28% |
| P/S Multiple | 6.24 | 1.73 | -72.28% |
| Shares Outstanding (Mil) | 55.73 | 59.28 | -6.37% |
| Cumulative Contribution | -90.21% |
Market Drivers
12/24/2023 to 12/23/2025| Return | Correlation | |
|---|---|---|
| SEDG | -68.3% | |
| Market (SPY) | 48.4% | 30.6% |
| Sector (XLK) | 53.8% | 26.5% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SEDG Return | 236% | -12% | 1% | -67% | -85% | 127% | -67% |
| Peers Return | � | � | � | � | � | � | � |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 17% | 114% |
Monthly Win Rates [3] | |||||||
| SEDG Win Rate | 83% | 33% | 50% | 25% | 25% | 58% | |
| Peers Win Rate | � | � | � | � | � | � | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| SEDG Max Drawdown | -27% | -36% | -31% | -75% | -89% | -15% | |
| Peers Max Drawdown | � | � | � | � | � | � | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: . 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 12/23/2025 (YTD)
How Low Can It Go
| Event | SEDG | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -80.9% | -25.4% |
| % Gain to Breakeven | 423.7% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -51.1% | -33.9% |
| % Gain to Breakeven | 104.7% | 51.3% |
| Time to Breakeven | 70 days | 148 days |
| 2018 Correction | ||
| % Loss | -51.3% | -19.8% |
| % Gain to Breakeven | 105.2% | 24.7% |
| Time to Breakeven | 226 days | 120 days |
Compare to
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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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.AI Analysis | Feedback
- 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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SolarEdge Technologies (SEDG) faces several key business risks, with the most significant stemming from excess inventory and weak market demand, particularly in Europe. This challenge has directly led to substantial financial losses and write-downs for the company.The top three key risks to SolarEdge Technologies are:
- Excess Inventory and Weak Demand: SolarEdge has been significantly impacted by an accumulation of excess inventory and lower-than-expected demand for solar installations, especially in Europe. This has resulted in considerable inventory write-downs and impairment charges, leading to substantial net losses and negative gross margins. For instance, the company reported a $1.03 billion impact from impairment and inventory write-downs in Q3 FY25, with $612 million specifically for inventory due to oversupply and pricing reductions in Europe. This glut of inventory has also contributed to persistent profitability challenges and cash flow issues.
- Intense Competition and Pricing Pressures: The solar energy market is highly competitive, with strong players like Enphase (ENPH), Huawei, and Tesla (TSLA) vying for market share. This intense competition, coupled with aggressive pricing strategies and emerging technologies, has contributed to declining revenues and negative operating margins for SolarEdge. The company's reliance on the European market, where competition is fierce, further exacerbates this risk.
- Financial Volatility and Profitability Challenges: As a direct consequence of the aforementioned risks, SolarEdge has experienced significant financial volatility, including declining revenues, negative operating margins, and ongoing net losses. The company reported a GAAP net loss of $1.81 billion and a GAAP gross margin of negative 97.3% for the full year 2024. While there have been recent improvements in some financial metrics, such as sequential revenue growth and positive free cash flow, the company continues to face challenges in achieving consistent profitability. Additionally, ongoing cash flow issues and impending debt obligations pose risks to shareholder value.
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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.
- 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.
Latest Trefis Analyses
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| ARTICLES |
Trade Ideas
Select ideas related to SEDG. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | ENPH | Enphase Energy | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 11.7% | 11.7% | -0.9% |
| 11262025 | PD | PagerDuty | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 10.2% | 10.2% | 0.0% |
| 11212025 | CRM | Salesforce | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 16.2% | 16.2% | -0.1% |
| 11212025 | HUBS | HubSpot | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 11.7% | 11.7% | 0.0% |
| 11212025 | FIVN | Five9 | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 4.2% | 4.2% | 0.0% |
| 10312020 | SEDG | SolarEdge Technologies | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 2.3% | 37.6% | -20.8% |
| 11302019 | SEDG | SolarEdge Technologies | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 73.9% | 253.2% | -14.9% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for SolarEdge Technologies
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 30.48 |
| Mkt Cap | 1.8 |
| Rev LTM | 1,045 |
| Op Inc LTM | -471 |
| FCF LTM | 63 |
| FCF 3Y Avg | -229 |
| CFO LTM | 89 |
| CFO 3Y Avg | -110 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 2.4% |
| Rev Chg 3Y Avg | -13.6% |
| Rev Chg Q | 44.5% |
| QoQ Delta Rev Chg LTM | 11.1% |
| Op Mgn LTM | -45.1% |
| Op Mgn 3Y Avg | -57.7% |
| QoQ Delta Op Mgn LTM | 95.1% |
| CFO/Rev LTM | 8.6% |
| CFO/Rev 3Y Avg | -12.5% |
| FCF/Rev LTM | 6.0% |
| FCF/Rev 3Y Avg | -19.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1.8 |
| P/S | 1.7 |
| P/EBIT | -2.6 |
| P/E | -3.2 |
| P/CFO | 20.2 |
| Total Yield | -31.0% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -15.8% |
| D/E | 0.2 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -11.5% |
| 3M Rtn | -15.2% |
| 6M Rtn | 61.0% |
| 12M Rtn | 104.8% |
| 3Y Rtn | -90.2% |
| 1M Excs Rtn | -16.2% |
| 3M Excs Rtn | -22.7% |
| 6M Excs Rtn | 46.2% |
| 12M Excs Rtn | 114.7% |
| 3Y Excs Rtn | -169.9% |
Comparison Analyses
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 |
| $ 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 | $30.48 | |
| Market Cap ($ Bil) | 1.8 | |
| First Trading Date | 03/26/2015 | |
| Distance from 52W High | -32.8% | |
| 50 Days | 200 Days | |
| DMA Price | $35.04 | $26.28 |
| DMA Trend | up | down |
| Distance from DMA | -13.0% | 16.0% |
| 3M | 1YR | |
| Volatility | 96.9% | 107.4% |
| Downside Capture | 358.10 | 176.39 |
| Upside Capture | 220.79 | 221.78 |
| Correlation (SPY) | 47.9% | 34.9% |
SEDG Betas & Captures as of 11/30/2025
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 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
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 | 120.2% | 26.5% | 18.8% | 72.9% | 9.0% | 3.7% | -11.4% |
| Annualized Volatility | 107.6% | 27.6% | 19.5% | 19.2% | 15.3% | 17.2% | 35.0% |
| Sharpe Ratio | 1.24 | 0.83 | 0.76 | 2.72 | 0.36 | 0.05 | -0.14 |
| Correlation With Other Assets | 30.4% | 35.2% | 10.4% | 14.4% | 31.6% | 29.9% | |
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 | -37.3% | 19.1% | 14.8% | 18.9% | 11.8% | 4.7% | 35.5% |
| Annualized Volatility | 80.6% | 24.7% | 17.1% | 15.5% | 18.7% | 18.9% | 48.9% |
| Sharpe Ratio | -0.21 | 0.70 | 0.70 | 0.98 | 0.51 | 0.16 | 0.62 |
| Correlation With Other Assets | 35.7% | 37.9% | 13.4% | 12.2% | 32.9% | 19.7% | |
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 10-Year Data
| Comparison of SEDG With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| SEDG | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 3.3% | 22.4% | 14.8% | 15.1% | 6.8% | 5.4% | 69.1% |
| Annualized Volatility | 71.5% | 24.2% | 18.0% | 14.8% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.37 | 0.85 | 0.71 | 0.85 | 0.31 | 0.23 | 0.90 |
| Correlation With Other Assets | 37.6% | 38.6% | 11.0% | 16.1% | 31.5% | 14.7% | |
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
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/5/2025 | 28.9% | 40.5% | -7.2% |
| 8/7/2025 | -5.3% | 2.6% | 33.5% |
| 5/6/2025 | 11.2% | 48.3% | 35.2% |
| 2/19/2025 | 15.9% | 10.6% | 0.3% |
| 11/6/2024 | 1.4% | -17.5% | -12.9% |
| 8/7/2024 | -3.1% | -5.2% | -17.4% |
| 5/8/2024 | -8.5% | -10.8% | -19.6% |
| 1/22/2024 | 4.0% | -0.4% | 22.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 9 | 12 |
| # Negative | 10 | 15 | 12 |
| Median Positive | 8.9% | 14.4% | 19.0% |
| Median Negative | -14.3% | -10.8% | -15.1% |
| Max Positive | 28.9% | 48.3% | 47.1% |
| Max Negative | -27.3% | -26.8% | -39.9% |
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
Expand for More| Owner | Title | Filing Date | Action | Price | Shares | TransactedValue | Value ofHeld Shares | Form | |
|---|---|---|---|---|---|---|---|---|---|
| 0 | AVERY MORE | 3062025 | Buy | 13.70 | 30,000 | 411,000 | 3,760,349 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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