SolarEdge Technologies, Inc. (NASDAQ:SEDG) Q1 2024 Earnings Conference Call May 8, 2024 4:30 PM ET Company Participants JB Lowe - Head of IR Zvi Lando - Chief Executive Officer Ronen Faier - Chief Financial Officer Conference Call Participants Andrew Percoco - Morgan Stanley Brian Lee - Goldman Sachs Philip Shen - Roth Capital Partners Mark Strouse - JPMorgan Colin Rusch - Oppenheimer Austin Moeller - Canaccord Kashy Harrison - Piper Sandler Jordan Levy - Truist Securities Vikram Bagri - Citi Research Chris ...

SolarEdge Technologies (SEDG) came out with a quarterly loss of $1.90 per share versus the Zacks Consensus Estimate of a loss of $1.58. This compares to earnings of $2.90 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -20.25%. A quarter ago, it was expected that this photovoltaic products maker would post a loss of $1.47 per share when it actually produced a loss of $0.92, delivering a surprise of 37.41%.Over the last four qu ...

SolarEdge Technologies Non-GAAP gross margin* of (6.5%) First Quarter Financial Results | --- | --- | --- | --- | |-------------------------------------|---------|---------|---------| | USD in millions* | Q1 23 | Q4 23 | Q1 24 | | Revenues | 943.9 | 316.0 | 204.4 | | Gross margin | 31.8% | (17.9%) | (12.8%) | | Operating expenses | 156.0 | 181.2 | 147.5 | | Operating income (loss) | 144.2 | (237.6) | (173.7) | | Net income (loss) | 138.4 | (162.4) | (157.3) | | Net diluted income (loss) per share | 2.35 | ( ...

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 ...