Financial Performance (Q1 2024) - GAAP revenues were $204.4 million[21], a significant decrease compared to $943.9 million in Q1 2023[3] - GAAP gross margin was negative 12.8%[21], a sharp decline from 31.8% in Q1 2023[3] - GAAP net loss was $157.3 million[39], compared to a net income of $138.4 million in Q1 2023[3] - GAAP net diluted loss per share was $2.75[21], versus a net diluted income per share of $2.35 in Q1 2023[3] - Non-GAAP gross margin was negative 6.5%[2] - Non-GAAP net loss was $108.6 million[8] - Non-GAAP net diluted loss per share was $1.90[16] Balance Sheet & Cash Flow (Q1 2024) - Total cash and investments, net of debt, amounted to $316.3 million[21] - Cash used in operations was $217.0 million[39] Segment Performance (Q1 2024) - Revenues from the solar segment were $190.1 million[16] - Gross margin from sales of the solar segment was negative 3.5%[16] - Operating loss from the solar segment was $110.4 million[39] Q2 2024 Guidance - Revenues are expected to be in the range of $250 million to $280 million[59] - Non-GAAP operating expenses are projected to be between $116 million and $120 million[59] - Gross margin from the solar segment is expected to range from negative 3% to positive 1%, including approximately 420 basis points of net IRA manufacturing tax credit[59]

Exhibit 99.1 SolarEdge Announces First Quarter 2024 Financial Results ____________________________________________________________________________ • Revenues of $204.4 million • Revenues from solar segment of $190.1 million • GAAP gross margin of negative 12.8% • Non-GAAP gross margin1 of negative 6.5%, including 4.5% of net IRA benefit MILPITAS, Calif. — May 8, 2024. SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology, today announced its financial results for the first ...

SolarEdge Technologies (SEDG) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Ma ...

SolarEdge Technologies (SEDG) closed the latest trading day at $68.77, indicating a +0.56% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily loss of 1.23%. Elsewhere, the Dow saw a downswing of 1.36%, while the tech-heavy Nasdaq depreciated by 1.4%.Shares of the photovoltaic products maker witnessed a loss of 2.8% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 9.61% and the S&P 500's gain of 1.61%.Market participant ...

SolarEdge Technologies Inc. (SEDG) recently announced that its first Commercial Storage System (CSS) for photovoltaic (PV) applications can now be ordered in Italy. CSS can be deployed in small or medium commercial solar installations. Significance of the CSSThe CSS, unveiled in June 2023, marks the first storage solution available for commercial-scale solar applications in Italy’s market. The system is coupled with SolarEdge’s high-efficiency DC-optimized PV inverters and SolarEdge ONE for commercial and i ...

Jeremy PolandSolarEdge (NASDAQ:SEDG) has been one of the more frustrating holdings in my portfolio, but unfortunately it isn’t clear if that suffering is ending anytime soon. The company has seen revenues fall off a cliff, with both unit-level and bottom-line margins getting crushed in tandem. It doesn’t help that its closest competitor is showing far greater resiliency from a profitability perspective. My initial investment thesis appears to be breaking apart, as this cyclical downturn has posed great ...

The most recent trading session ended with SolarEdge Technologies (SEDG) standing at $62.25, reflecting a -0.72% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily gain of 0.57%. At the same time, the Dow added 0.83%, and the tech-heavy Nasdaq gained 0.39%.The photovoltaic products maker's shares have seen a decrease of 26.29% over the last month, not keeping up with the Oils-Energy sector's gain of 4.48% and the S&P 500's gain of 2.97%.Analysts and investor ...

MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (“SolarEdge” or “the Company”) (NASDAQ: SEDG), a global leader in smart energy technology announced today that the Company’s first Commercial Storage System (CSS) for PV applications is now available for order in Italy. Designed for small to medium commercial solar installations, the SolarEdge CSS is suited for indoor and outdoor applications. The solution is comprised of a 102.4 kWh-rated battery cabinet and a 50 KW battery inverter and is ...

The most recent trading session ended with SolarEdge Technologies (SEDG) standing at $75.72, reflecting a +0.61% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily loss of 0.65%. Meanwhile, the Dow experienced a drop of 0.18%, and the technology-dominated Nasdaq saw a decrease of 1.16%.Heading into today, shares of the photovoltaic products maker had lost 0.33% over the past month, lagging the Oils-Energy sector's gain of 4.75% and the S&P 500's gain ...

MILPITAS, Calif. & MUNICH--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, today announced that it has signed an agreement to invest in and partner with AMPEERS ENERGY (“AMPEERS”), a German based software start-up that designs and operates solutions for decarbonizing entire portfolios of multi-dwelling buildings and serves a broad spectrum of real estate companies across Germany and Austria. By pairing SolarEdge’s proven solar and smar ...