Key Takeaways Jefferies downgraded SolarEdge Technologies stock Tuesday, pointing to tough competition. The analysts said SolarEdge faces "significant headwinds" in Europe, as well as challenges in the U.S. Shares of SolarEdge tumbled in early trading Tuesday, before rebounding later in the session. SolarEdge Technologies (SEDG) shares tumbled in early trading Tuesday, before rebounding later in the session after Jefferies downgraded the stock, pointing to tough competition in the solar power industry. Jeff ...

Investors don't think a leadership transition is enough to help SolarEdge. To say investors in solar energy company SolarEdge Technologies (SEDG -1.32%) have had a bad year is an understatement. The stock's sharp decline continued this week. As of Friday midday trading, SolarEdge shares were down by over 15% just this week, according to data provided by S&P Global Market Intelligence. That drop has contributed to a massive 74% decline SolarEdge shares this year. That more than erased all the prior gains the ...

The Property of F i I th The Property. New pr l ri H 0 - 1 romasct Note: I have covered SolarEdge Technologies or "SolarEdge" (NASDAQ:SEDG) previously, so investors should view this as an update to my earlier article on the company. SolarEdge Technologies Q2 Earnings & Q3 Guidance: Earlier this month, SolarEdge Technologies reported Q2 2024 results largely in line with the disclosures made in conjunction with the company's $3,000 million convertible notes offering in June: | --- | --- | --- | --- | --- | -- ...

Company Overview - SolarEdge Technologies Inc (NASDAQ:SEDG) is experiencing a decline in stock price, down 5.8% to $27.17 after CEO Zvi Lando announced his resignation, with Ronen Faier, the former CFO, stepping in as interim CEO [1] - The stock has rebounded from a low of $19.81 on August 8, which was its lowest level since summer 2016, and has gained 14.9% on Friday, but is still down 57.3% over the last six months and 83.1% over the past 12 months [2] Options Trading Activity - Options traders are showing increased activity, with 6,180 calls and 3,069 puts traded today, which is four times the average intraday volume, indicating heightened interest [3] - The 10-day put/call volume ratio for SolarEdge ranks higher than 96% of readings from the last 12 months, suggesting a predominantly bullish sentiment among options traders [4]

The residential solar market is recovering, but SolarEdge isn't seeing the benefit. SolarEdge (SEDG 0.98%) was once one of the hottest stocks in the solar industry. But the company has run into problems as the market collapses and power optimizers lose market share to microinverters. In this video, Travis Hoium explains why the company is on thin ice. *Stock prices used were end-of-day prices of Aug. 12, 2024. The video was published on Aug. 12, 2024. ...

SolarEdge Technologies, Inc. (SEDG) reported a second-quarter 2024 adjusted loss of $1.79 per share, wider than the Zacks Consensus Estimate of a loss of $1.60. The bottom line also deteriorated from the prior-year quarter's reported earnings of $2.62 per share. Barring one-time adjustments, the company incurred a GAAP loss of $2.31 per share against GAAP earnings of $2.03 per share recorded in the year-ago period. The year-over-year deterioration in the bottom line can be attributed to significantly lower ...

Investment Rating - The report maintains a **Neutral** rating for SolarEdge Technologies (SEDG US) with a target price of $100 [40] Core Views - SolarEdge's Q3 2024 revenue guidance of $260-290 million is significantly below the market consensus of $356 million, indicating a weaker-than-expected performance [1][2] - The company expects US channel inventory to normalize by the end of Q3 2024, while European inventory normalization is delayed until early 2025 [1][2] - SolarEdge anticipates a return to higher revenue levels by Q2 2025, with quarterly revenue expected to reach $550 million and a gross margin of 23% [2] Financial Performance - Q2 2024 revenue was $265.4 million, in line with consensus, driven by the solar segment, which contributed $241.1 million [2] - Non-GAAP gross margin for Q2 2024 was 0.2%, slightly better than the consensus of -1.1% [2] - The company reported a non-GAAP net loss of $101 million in Q2 2024, worse than the consensus loss of $91 million [1][2] - SolarEdge shipped 0.9GW of inverters in Q2 2024, down 8% quarter-over-quarter, while optimizer shipments increased by 100% to 2 million units [2] Inventory and Cash Flow - Inventory levels stood at $1.5 billion in Q2 2024, down from $1.55 billion in Q1 2024, with expectations to reduce to $1.3 billion by the end of 2024 [3] - The company expects cash burn of $70-90 million in Q3 2024, with positive cash flow anticipated by the first half of 2025 [3] Stock Repurchase and Impairment - SolarEdge repurchased 247,000 shares in Q2 2024, valued at $17 million, as part of a $300 million share repurchase program [2] - The company plans to conduct an impairment test on its assets in Q3 2024 [2] Market and Operational Challenges - European residential solar demand remained weak in Q2 2024, particularly in the Netherlands, with no acceleration expected in the commercial and industrial markets in the second half of the year [2] - The company faces challenges in managing inventory levels and achieving revenue growth amid market headwinds [1][2]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to __________ Commission File Number: 001-36894 SOLAREDGE TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Delaware 20-5338862 (State o ...

The most recent trading session ended with SolarEdge Technologies (SEDG) standing at $27.01, reflecting a +0.75% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily loss of 0.5%. At the same time, the Dow added 0.5%, and the tech-heavy Nasdaq lost 1.28%. The investment community will be closely monitoring the performance of SolarEdge Technologies in its forthcoming earnings report. The company is scheduled to release its earnings on August 7, 2024. In that re ...

SolarEdge Technologies (NASDAQ:SEDG) stock is down 90% from where it stood one year ago. Not only does it mean the business has fallen on hard times but there are likely few investors left after the rout. Still, if the dominoes fall into place as forecast and the bullish scenario plays out, don't hang on. Instead, view it as a chance to deploy your money else into more profitable ventures. SolarEdge's solar segment revenue started collapsing in the third quarter of 2023 and only worsened since. With first-q ...