Tearsheet

SolarEdge Technologies (SEDG)


Market Price (9/13/2025): $29.0 | Market Cap: $1.7 Bil
Sector: Information Technology | Industry: Semiconductor Materials & Equipment

SolarEdge Technologies (SEDG)


Market Price (9/13/2025): $29.0
Market Cap: $1.7 Bil
Sector: Information Technology
Industry: Semiconductor Materials & Equipment

Investment Highlights

0 Low stock price volatility
Vol 12M is 112%
Weak multi-year price returns
2Y Excs Rtn is -128%, 3Y Excs Rtn is -156%
Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -1.3 Bil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -140%
1   Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -38%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -16%
2   Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.7%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -10%
3   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 -107%
4   High stock price volatility
Vol 12M is 112%
5   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 Low stock price volatility
Vol 12M is 112%
1 Weak multi-year price returns
2Y Excs Rtn is -128%, 3Y Excs Rtn is -156%
2 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -1.3 Bil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -140%
3 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -38%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -16%
4 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.7%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -10%
5 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 -107%
6 High stock price volatility
Vol 12M is 112%
7 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%

Market Valuation

 9/13/252024202320222021
Share Price CYE$29.00$13.60$93.60$283.27$280.57
Market Cap CYE ($ Bil)1.70.85.315.914.8
Total Debt ($ Bil)0.80.80.70.70.7
Total Cash ($ Bil)0.80.60.91.00.7
Enterprise Value ($ Bil)1.71.66.016.615.5
Valuation Ratios     
P/S TTM1.80.91.85.07.5
P/EBIT TTM-1.1-0.562.185.976.8
P/E TTM-1.0-0.4154.2166.486.6
Sector Ratios     
P/S TTM (Sector)3.23.12.82.55.0
P/EBIT TTM (Sector)4.3-0.0-0.1-0.51.9
P/E TTM (Sector)-0.4-0.3-0.4-0.50.1
 9/13/2520242023
Share Price CYE$29.00$13.60$93.60
Market Cap CYE ($ Bil)1.70.85.3
Total Debt ($ Bil)0.80.80.7
Total Cash ($ Bil)0.80.60.9
Enterprise Value ($ Bil)1.71.66.0
Valuation Ratios   
P/S TTM1.80.91.8
P/EBIT TTM-1.1-0.562.1
P/E TTM-1.0-0.4154.2
Sector Ratios   
P/S TTM (Sector)3.23.12.8
P/EBIT TTM (Sector)4.3-0.0-0.1
P/E TTM (Sector)-0.4-0.3-0.4

Business Description

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. Show more

Price Returns Compared

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 202020212022202320242025Total [1]
Returns
SEDG Return236%-12%1%-67%-85%117%-64%
Peers Return161%40%5%36%-8%18%461%
S&P 500 Return16%27%-19%24%23%12%101%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: FSLR, ENPH, LRCX, AMAT, KLAC. See SEDG Returns vs. Peers.
[3] 2025 data is for the year up to 9/12/2025 (YTD)

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Peer Comparisons for SolarEdge Technologies

Financials

SEDGFSLRENPHLRCXAMATKLACMedian
NameSolarEdg.First So.Enphase .Lam Rese.Applied .KLA  
Mkt Price28.97201.7037.63116.96167.80964.02142.38
Mkt Cap1.721.64.9149.0133.9127.374.4
Rev LTM9414,2571,48318,43628,61312,1568,206
Op Inc LTM-1,3191,3731905,9018,6235,0143,194
FCF LTM-96-9763735,4145,8233,7422,057
FCF 3Y Avg-246-5485124,7826,4573,3671,939
CFO LTM-263424126,1737,7054,0822,247
CFO 3Y Avg-1177415765,3357,7883,6872,214

Growth & Margins

SEDGFSLRENPHLRCXAMATKLACMedian
NameSolarEdg.First So.Enphase .Lam Rese.Applied .KLA  
Rev Chg LTM-37.8%19.4%4.4%23.7%6.6%23.9%13.0%
Rev Chg 3Y Avg-15.9%19.8%5.4%3.5%4.4%10.4%4.9%
Rev Chg Q9.1%6.4%19.7%33.6%7.7%23.6%14.4%
QoQ Delta Rev Chg LTM2.6%1.2%4.2%7.6%1.9%5.2%3.4%
Op Mgn LTM-140.2%32.3%12.8%32.0%30.1%41.2%31.1%
Op Mgn 3Y Avg-54.5%18.7%14.1%30.2%29.4%38.8%24.0%
QoQ Delta Op Mgn LTM13.4%-0.9%2.1%1.2%0.5%1.1%1.1%
CFO/Rev LTM-2.7%8.0%27.8%33.5%26.9%33.6%27.4%
CFO/Rev 3Y Avg-8.5%22.8%29.1%31.5%28.5%34.1%28.8%
FCF/Rev LTM-10.3%-22.9%25.2%29.4%20.4%30.8%22.8%
FCF/Rev 3Y Avg-15.8%-14.2%25.7%28.3%23.7%31.1%24.7%

Valuation

SEDGFSLRENPHLRCXAMATKLACMedian
NameSolarEdg.First So.Enphase .Lam Rese.Applied .KLA  
Mkt Cap1.721.64.9149.0133.9127.374.4
P/S1.85.13.38.14.710.54.9
P/EBIT-1.115.422.724.314.625.719.0
P/E-1.017.128.227.819.631.323.7
P/CFO-66.563.112.024.117.431.220.8
Total Yield-102.6%5.9%3.5%4.4%6.1%3.9%4.1%
Dividend Yield0.0%0.0%0.0%0.8%1.0%0.7%0.4%
FCF Yield 3Y Avg-14.8%-2.8%4.4%4.3%4.4%3.6%4.0%
D/E0.40.00.20.00.10.00.0
Net D/E0.0-0.0-0.1-0.0-0.00.0-0.0

Returns

SEDGFSLRENPHLRCXAMATKLACMedian
NameSolarEdg.First So.Enphase .Lam Rese.Applied .KLA  
1M Rtn9.5%9.1%10.0%9.6%-11.4%1.8%9.3%
3M Rtn24.3%15.1%-17.5%30.7%-1.4%11.3%13.2%
6M Rtn79.7%52.2%-35.3%49.0%8.4%35.8%42.4%
12M Rtn59.6%-14.5%-64.4%58.2%-7.5%32.7%12.6%
3Y Rtn-90.7%47.5%-87.7%187.0%90.8%191.9%69.1%
1M Excs Rtn7.7%7.3%8.1%7.8%-13.3%-0.1%7.5%
3M Excs Rtn28.9%11.3%-24.7%18.7%-12.8%1.5%6.4%
6M Excs Rtn73.1%32.6%-54.4%36.5%-6.7%22.9%27.7%
12M Excs Rtn42.5%-22.9%-83.8%41.9%-24.6%16.6%-3.2%
3Y Excs Rtn-156.1%-15.8%-153.5%115.0%22.1%129.0%3.2%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Solar2,8162,9211,7871,3571,337
All other1601889310389
Revenues from finance component110  
Energy Storage  83  
Adjustment of intersegment revenues   -1 
Total2,9773,1101,9641,4591,426


Operating Income by Segment
$ Mil20242023202220212020
Solar365487369256294
Other unallocated income (expenses)-13-1-4-5
Amortization and depreciation of acquired assets-8-9-11-9-9
Impairment and disposal by abandonment of long-lived assets-31-1190  
Restructuring and other exit activities-60-40  
All other-74-45-50-37-17
Stock based compensation expenses-150-146-103-67-60
Energy Storage  3  
Intersegment profit   -0 
Legal settlement   5-5
Cost of products adjustments    -2
Sale of SolarEdge Automation Machines’ subsidiary    -5
Total40166207143190


Price Behavior

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity12,245,770
Short Interest: % Change Since 8152025-3.6%
Average Daily Volume4,138,877
Days-to-Cover Short Interest2.96
Basic Shares Quantity58,567,394
Short % of Basic Shares20.9%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/7/2025-5.3%2.6%33.5%
5/6/202511.2%48.3%35.2%
2/19/202515.9%10.6%0.3%
11/6/20241.4%-17.5%-12.9%
8/7/2024-3.1%-5.2%-17.4%
5/8/2024-8.5%-10.8%-19.6%
1/22/20244.0%-0.4%22.2%
10/20/2023-27.3%-26.8%-30.7%
...
SUMMARY STATS   
# Positive13813
# Negative111611
Median Positive6.6%13.1%17.9%
Median Negative-12.7%-10.8%-17.4%
Max Positive19.1%48.3%47.1%
Max Negative-27.3%-26.8%-39.9%

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0AVERY MORE3062025Buy13.7030,000411,0003,760,349Form
1GANI MARCEL11142024Buy11.3718,400209,208584,816Form
2AVERY MORE11132024Buy13.65156,0002,129,4003,337,125Form