SolarEdge Technologies Inc (SEDG)

Maybe we have seen the bottom in November.

Weekly Chart

Plans to lay off 400 employees globally. It’s the company’s fourth layoff round since January 2024 as the solar industry as a whole faces a downturn. https://techcrunch.com/2025/02/13/tech-layoffs-2024-list/#jan2025 $SEDG

I’ll take a 🎠 on this

💲SEDG

People think solar panels protect the environment but they require 300+ times as much land as conventional energy sources and now the Los Angeles Times has discovered that they could "contaminate groundwater with toxic heavy metals such as lead, selenium and cadmium." People think solar panels protect the environment but they require 300+ times as much land as conventional energy sources and now the Los Angeles Times has discovered that they could "contaminate groundwater with toxic heavy metals such as lead, selenium and cadmium." pic.twitter.com/SlfDj54n8T— Michael Shellenberger (@shellenberger) July 18, 2022 $SEDG

SEDG Chart >>>>

https://stockcharts.com/c-sc/sc?s=SEDG&p=D&yr=5&mn=0&dy=0&i=t8695321331c&r=1642195917156

SEDG close before breakthrough $300 >>>

https://stockcharts.com/c-sc/sc?s=SEDG&p=D&yr=5&mn=0&dy=0&i=t2158931573c&r=1630388560122

SEDG CHART >>>>>

https://stockcharts.com/c-sc/sc?s=SEDG&p=D&yr=5&mn=0&dy=0&i=t1174550554c&r=1628068046629

SEDG $289 +12% Fantastic Q earnings

... $259.55 ... $SEDG

... nice start ... $SEDG

SolarEdge Technologi (SEDG)
204.0001 ? -63.7199 (-23.80%)
Volume: 5,805,741 @11/03/20 12:21:10 PM EST
Bid Ask Day's Range
204.0 204.19 201.5601 - 217.97

The Company uses these non-GAAP financial measures to analyze its operating performance and future prospects, develop internal budgets and financial goals, and to facilitate period-to-period comparisons. The Company believes that these non-GAAP financial measures reflect an additional way of viewing aspects of its operations that, when viewed with its GAAP results, provide a more complete understanding of factors and trends affecting its business.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This release contains forward looking statements which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include information, among other things, concerning: our possible or assumed future results of operations; future demands for solar energy solutions; business strategies; technology developments; financing and investment plans; dividend policy; competitive position; industry and regulatory environment; general economic conditions; potential growth opportunities; and the effects of competition. These forward-looking statements are often characterized by the use of words such as “anticipate,” “believe,” “could,” “seek,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would” or similar expressions and the negative or plural of those terms and other like terminology.

Forward-looking statements are only predictions based on our current expectations and our projections about future events. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. Given these factors, you should not place undue reliance on these forward-looking statements. These factors include, but are not limited to, the matters discussed in the section entitled “Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2019, filed on February 27, 2020, Current Reports on Form 8-K and other reports filed with the SEC. All information set forth in this release is as of November 2, 2020. The Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

About SolarEdge

SolarEdge is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power our lives and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, UPS, electric vehicle powertrains, and grid services solutions. SolarEdge is online at solaredge.com

Use of Non-GAAP Financial Measures

The Company has presented certain non-GAAP financial measures in this release, such as non-GAAP net income, non-GAAP net diluted EPS, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income and non-GAAP gross margin from sale of solar products. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position, or cash flows that either exclude or include amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles in the United States, or GAAP. Reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure can be found in the accompanying tables to this release. These non-GAAP financial measures do not reflect a comprehensive system of accounting, differ from GAAP measures with the same captions and may differ from non-GAAP financial measures with the same or similar captions that are used by other companies. As such, these non-GAAP measures should be considered as a supplement to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP.

Third Quarter 2020 Summary

The Company reported revenues of $338.1 million, up 2% from $331.9 million in the prior quarter and down 18% from $410.6 million in the same quarter last year.

Revenues related to the solar business were $312.5 million, up 1% from $310.1 million in the prior quarter and down 19% from $387.8 million in the same quarter last year.

GAAP gross margin was 32.0%, up from 31.0% in the prior quarter and down from 33.9% year over year.

Non-GAAP gross margin was 33.5%, up from 32.4% in the prior quarter and down from 35.1% year over year.

GAAP gross margin for the solar business was 34.1%, up from 33.1% in the prior quarter and down from 35.0% year over year.

Non-GAAP gross margin for the solar business was 34.8%, up from 33.8% in the prior quarter and down from 35.4% year over year.

GAAP operating expenses were $77.7 million, up 6% from $73.0 million in the prior quarter and up 6% from $73.3 million in the same quarter last year.

Non-GAAP operating expenses were $63.2 million, up 3% from $61.1 million in the prior quarter and up 15% from $54.8 million in the same quarter last year.

GAAP operating income was $30.4 million, up 1% from $30.0 million in the prior quarter and down 54% from $66.0 million in the same quarter last year.

Non-GAAP operating income was $50.0 million, up 7% from $46.6 million in the prior quarter and down 44% from $89.2 million in the same quarter last year.

GAAP net income was $43.8 million, up 19% from $36.7 million in the prior quarter and up 5% from $41.6 million in the same quarter last year.

Non-GAAP net income was $65.9 million, up 26% from $52.1 million in the prior quarter and up 4% from $63.6 million in the same quarter last year.

GAAP net diluted EPS was $0.83, up from $0.70 in the prior quarter and up from $0.81 in the same quarter last year.

Non-GAAP net diluted EPS was $1.21, up from $0.97 in the prior quarter and same as in the same quarter last year.

Cash flow from operating activities was $28.4 million, down from $59.3 million in the prior quarter and down from $68.7 million in the same quarter last year.

As of September 30, 2020, cash, cash equivalents, bank deposits, restricted bank deposits and marketable securities totaled $553.8 million, net of debt, compared to $577.4 million on June 30, 2020.

Outlook for the Fourth Quarter 2020

The Company also provides guidance for the fourth quarter ending December 31, 2020 as follows:

Revenues to be within the range of $345 million to $365 million
Non-GAAP Gross margin expected to be within the range of 32% to 34%
Revenues from solar products to be within the range of $320 million to $335 million
Non-GAAP Gross margin from sale of solar products expected to be within the range of 34% to 36%
Conference Call

The Company will host a conference call to discuss these results at 4:30 P.M. ET on Monday, November 2, 2020. The call will be available, live, to interested parties by dialing 800-458-4121. For international callers, please dial +1 323-794-2093. The Conference ID number is 7783916. A live webcast will also be available in the Investors Relations section of the Company’s website at: http://investors.solaredge.com

A replay of the webcast will be available in the Investor Relations section of the Company’s website approximately two hours after the conclusion of the call and will remain available for approximately 30 calendar days.

SolarEdge Announces Third Quarter 2020 Financial Results

Source: Business Wire
SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology, today announced its financial results for the third quarter ended September 30, 2020.

Third Quarter 2020 Highlights

Revenues of $338.1 million
Revenues from solar products of $312.5 million
GAAP gross margin of 32.0%
GAAP gross margin from sale of solar products of 34.1%
Non-GAAP gross margin from sale of solar products of 34.8%
GAAP net income of $43.8 million
Non-GAAP net income of $65.9 million
GAAP net diluted earnings per share (“EPS”) of $0.83
Non-GAAP net diluted EPS of $1.21
1.45 Gigawatts (AC) of inverters shipped
“Our third quarter results reflect significant growth in Europe, despite the current economic slowdown caused by the global pandemic,” said Zivi Lando, CEO of SolarEdge. “Our solar business outside the U.S. reached an all-time high and the U.S. market is showing signs of return to pre-pandemic installation levels. In our non-solar business, our e-Mobility team is gearing up to deliver to our customer the first significant batch of full powertrain solutions for assembly in electric vehicles in the fourth quarter. In addition to continuing to generate significant cash from operations this quarter, we raised $618 million, net of expenses, in convertible debt providing additional support for our continued organic and non-organic growth.”

NEWS: $SEDG 3 Cheap Stocks to Buy After the Market Sell-Off

When the stock market tumbles, your first reaction is probably to check your portfolio and see how much you've lost. That's natural, but your next step should be to start bargain-hunting through the wreckage. So far in September, the S&P 500 is down 7.6%, so it's time to go shop...

Read the whole news SEDG - 3 Cheap Stocks to Buy After the Market Sell-Off

News: $SEDG Why SunPower Stock Is Rocking Today

Shares of solar panel producer SunPower Corp (NASDAQ: SPWR) are on the upswing today, rising 12.5% through 1 p.m. EDT trading -- and SunPower probably has SolarEdge (NASDAQ: SEDG) to thank for that. Earlier today, solar power "inverter" maker SolarEdge reported blowout earnings for it...

Got this from SEDG - Why SunPower Stock Is Rocking Today

News: $SEDG Why SolarEdge Technologies, Enphase Energy, and Blink Charging Stocks All Popped Today

Tuesday is turning out to be a great day to own solar energy stocks . As of 10:35 a.m. EDT, shares of solar-inverter makers SolarEdge Technologies (NASDAQ: SEDG) and Enphase Energy (NASDAQ: ENPH) are both soaring, up 16.4% and 12.2%, respectively. Blink Charging (NASDAQ: BLNK) , whic...

Got this from SEDG - Why SolarEdge Technologies, Enphase Energy, and Blink Charging Stocks All Popped Today

News: $SEDG SolarEdge Says Global Demand Offset U.S. Weakness in Q2

Smart energy solutions provider SolarEdge (NASDAQ: SEDG) said in its second-quarter earnings report that its overall business remained strong as rising international sales compensated for declining demand in the U.S.  SolarEdge said it shipped 1.44 gigawatts (GW) of solar panel inverte...

Find out more SEDG - SolarEdge Says Global Demand Offset U.S. Weakness in Q2

SEDG $153 wowza... unbelievable movement last years

SEDG THX FOR AROUND 600% MONSTA PROFIT!!! WAS EPIC 4 YEARS WITH YOU....


SolarEdge Technologi (SEDG)
102.045 ? -1.895 (-1.82%)
Volume: 196,006 @02/07/20 10:44:24 AM EST
Bid Ask Day's Range
102.03 102.22 100.16 - 103.45
SEDG Detailed Quote

l2 hunter Member Level Thursday, 05/10/18 01:42:48 PM
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l2 hunter Member Level Wednesday, 08/03/16 02:50:39 PM
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HAVE RELOAD 10.000 SEDG SHARES TODAY $16.90 AVG. FOR NEXT TURN $24 $25 RANGE COMING DAYS/WEEKS! LOOKS LIKE BOTTOM IS FOUND! TURN AROUND START! NEXT WEEK Q-EARNINGS AHEAD! COULD BE A POSITIV SURPRISE!

With $500.000 in front and rising.. $100 test this year??

News: $SEDG The 5 Best Renewable-Energy Stocks of the Decade

With 2019 drawing to a close, we're about to put another decade in the books. One of the major storylines over the past 10 years has been the advancement of  renewable energy , which has gone from a niche market supported by government subsidies to one that's growing briskly without an...

Got this from SEDG - The 5 Best Renewable-Energy Stocks of the Decade

News: $SEDG These Were the 5 Best Solar Stocks of 2019

Solar energy stocks were on fire in 2019. The Invesco Solar ETF , an exchange-traded fund that holds 22 of the biggest solar stocks , returned a blistering 60% through mid-December. Several solar stocks, however, generated even higher returns, with the top five all producing a triple-digit g...

Got this from SEDG - These Were the 5 Best Solar Stocks of 2019

News: $SEDG The 3 Best Solar Stocks of the Decade

What is it that makes a stock a "solar stock?" What is it that defines "best?" In one sense, I suppose you could say that Elon Musk's Tesla (NASDAQ: TSLA) has been the best solar stock of the decade. After all, even if it's best known for its Model S, Model X, and Model 3 electric cars, Tes...

Find out more SEDG - The 3 Best Solar Stocks of the Decade

News: $SEDG 2 Top Growth Stocks to Buy in December

Solar energy is growing quickly. Very quickly. Consider that the United States had less than 200 megawatts of installed solar power capacity at the end of 2009, but has added at least that much in seven of the first nine months of 2019. The nation ended September with 32,000 megawatts of inst...

Find out more SEDG - 2 Top Growth Stocks to Buy in December

$SEDG short squeeze signal Solaredge Technologies Inc Nasdaq Sedg Short Squeeze

SEDG CHART >>>

Nah, bro. It will collapse like ENPH.

News: $SEDG SolarEdge Files Three Patent Infringement Lawsuits Against Huawei in China

SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy, announced today that it has filed three lawsuits for patent infringement against Huawei Technologies Co., Ltd., a Chinese entity. SolarEdge is evaluating filing additional actions to prot...

In case you are interested SEDG - SolarEdge Files Three Patent Infringement Lawsuits Against Huawei in China

SEDG so strong.. $100 breakout with next bull wave possible

EXTREMELY BULLISH UPGRADES TO $66

Solaredge reported earnings yesterday and were above many analysts estimates. Maybe pessimism was just to high, today analysts have produced some notable upgrades with positive appraisal of the companies future and strategy. Shares are up 18% premarket so keep your eye on this one, for continuation or possible entry on any pullback.

News: $SEDG SolarEdge Announces Closing of S.M.R.E. Spa Acquisition

SolarEdge Technologies , Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, announced today the closing of the previously announced acquisition of a majority stake (approximately 57%) of S.M.R.E. Spa (“SMRE”), a provider of innovativ...

In case you are interested https://marketwirenews.com/news-releases/solaredge-announces-closing-of-s-m-r-e-spa-acquisition-7557480.html

SolarEdge is an Israeli company,
(Head office - 1 HaMada Street Herziliya Pituach 4673335, Israel), tariffs will put them on the same playing field as all other foreign solar companies. I don't think they'll be able to compete with HUAWEI

I think the crash based on a rumor that they can't compete with a Chinese corporate giant is way overdone. Among other things, Trump is likely to impose more tariffs to protect American companies.
The assumption that HUAWEI is going to completely overrun SEDG might be a scare tactic so that wealthy insiders can buy stock at a very low price.
If HUAWEI is really that overpowering you might as well dump ALL solar stocks. What applies to SEDG ought to apply to a large number of other solar power companies.

HUAWEI coming into the US market.

HUAREI is a $90 BILLION dollar BEHEMOTH.

They came in to the US market in February.

SolarEdge is a $500MM company.

It will be very hard to compete against this giant.

HUAWEI product is said to be more reliable & at a better price.

See Barron's article:
https://www.barrons.com/articles/the-shadow-over-solaredge-1530536085

I agree. The sell off was excessive. Now is a good time to buy or maybe pick up some calls.

SEDG is going to run HUGE ...After a ridiculous drop from $70 to $54 in the last week read this!

https://www.fool.com/investing/2018/05/25/3-stocks-that-could-put-teslas-returns-to-shame.aspx

SEDG 24 Month Chart >>>>>>>>>>>>>>>>>

l2 hunter Member Level Wednesday, 08/03/16 02:50:39 PM
Re: None 0
Post #
73
of 149
HAVE RELOAD 10.000 SEDG SHARES TODAY $16.90 AVG. FOR NEXT TURN $24 $25 RANGE COMING DAYS/WEEKS! LOOKS LIKE BOTTOM IS FOUND! TURN AROUND START! NEXT WEEK Q-EARNINGS AHEAD! COULD BE A POSITIV SURPRISE!

With $500.000 in front and rising.. $100 test this year??

SEDG $64 +15% ...... $70 breakout next days

Here's the link:

https://www.nytimes.com/2018/05/09/business/energy-environment/california-solar-power.html

This just hitting the news wires in California:

"California Legislature one step closer to requiring solar on all new homes sold in the state."

I'll look for a link and post it. This has been expected for may years but it's considered to be a lock this time around.

SEDG 56.50 CHART >>>>>> my baby rising and rising... $70 next target.

We all know that things that were done in the 70's will always be the way they are done.

I'm not disputing SEDG's current success. If, and I know it's an if, there is a fundamental shift in the way solar panels are manufactured, things will change drastically.

Panel makers are starting to add AC panels to their lineup, has to be a reason for that.

To quote Ricky Bobby, if you're not first your last.

They have been capable since the 70s.

The world decided long ago DC voltage was more dangerous than AC.

Now that these capabilities are possible with solar panels, it will make that decision again...eventually.

You couldn't be more wrong. SEDG has now become the 800 lb gorilla and only showing both execution and financial growth while maintaining profitability. Which is odd considering ENPH has been in the business much much longer. They should be the ones with the discipline and the handbook. SEDg is going to continue to destroy this inferior product and company of ENPH

SEDG $54 >>>> $70 my next target.. $100 end of the year

Meanwhile other large panel manufacturers are switching to micro inverters,

Sedg may have the lions share of the market now, but is the size of the market shrinking? Time will tell.

No need to wait. every quarter for Solaredge has been amazing and packed with growth. Incoming of their new HD Wave for the SE10000 and SE11400 as well as the new EV HD Wave. On top of this they are releasing 50 and 100Kw commercial inverters tells me that plenty of commercial and soon utility grade projects will spend the few extra dollars for optimizers. Their Storedge coupled with the LG Chem is a very cost effective coupling that hundreds of our customers are taking advantage of too. Plus they have one more trick up their sleeve that is coming soon. ENPH is so deep in debt and they keep coming out with news like "We are going to release a AC Panel with XYZ" No one gives a shit, honestly. Not the EPCs, not the end customer, and certainly not the suppliers..they cannot stand them. SEDG will continue to grow and take market share from ENPH just as they are while ENPH tries to make India work and spend money they don't have.