Announcement • May 08
SolarEdge Technologies, Inc. Provides Earnings Guidance for Second Quarter Ending June 30, 2026 SolarEdge Technologies, Inc. provided earnings guidance for second quarter ending June 30, 2026. For the quarter, the company expects revenues to be within the range of $325 million to $355 million; this range does not include significant one-time or pull forward of revenue. Reported Earnings • May 06
First quarter 2026 earnings released: US$0.94 loss per share (vs US$1.70 loss in 1Q 2025) First quarter 2026 results: US$0.94 loss per share (improved from US$1.70 loss in 1Q 2025). Revenue: US$310.5m (up 42% from 1Q 2025). Net loss: US$57.4m (loss narrowed 42% from 1Q 2025). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 48% per year, which means it has not declined as severely as earnings. Announcement • Apr 27
SolarEdge Technologies, Inc. to Report Q1, 2026 Results on May 06, 2026 SolarEdge Technologies, Inc. announced that they will report Q1, 2026 results Pre-Market on May 06, 2026 Announcement • Apr 23
Solaredge Technologies Launches Higher Capacity Commercial Storage System in Europe and Asia SolarEdge announced the launch of its new higher capacity commercial storage system in Europe and Asia. Now available for order, the new CSS-OD 197 kWh solution offers commercial businesses a tightly integrated, high-efficiency solar and storage solution to maximize the economics of solar self-consumption. The new CSS-OD 197 kWh battery solution is designed for indoor or outdoor commercial and industrial (C&I) solar installations, the new CSS-OD 197 kWh comprises a 197 kWh-rated Battery Cabinet paired with one or two 50 kW battery inverters and is scalable up to 1 MW and 4 MWh per site. Supporting a wide range of C&I storage use cases for medium- to large-scale commercial sites, the new CSS-OD 197 kWh-rated battery supports multiple applications and storage optimization modes including maximized self-consumption, peak shaving, tariff optimization, and export and import limit management. Other key benefits include robust safety and cyber security protections, simplified installation, and accelerated commissioning. The expansion of SolarEdge’s commercial storage portfolio builds on strong sales of the SolarEdge CSS-OD 102.4 kWh-rated storage system, which was launched in late 2024 and is now installed at scale worldwide. Adding commercial storage to SolarEdge’s large base of C&I solar installations represents a significant and immediate new revenue opportunity for PV installers, as more businesses move towards self-consumption. Announcement • Apr 14
SolarEdge Technologies, Inc., Annual General Meeting, Jun 03, 2026 SolarEdge Technologies, Inc., Annual General Meeting, Jun 03, 2026. Location: 200 park avenue, new york,10166-0193, new york, United States Announcement • Mar 19
Solaredge Technologies Launches Next-Generation Solaredge Nexis Residential Solar and Storage System in Germany SolarEdge Technologies, Inc. announced the commercial launch of its next-generation three-phase SolarEdge Nexis system in Germany. SolarEdge Nexis features an entirely new design concept from inverter to battery – allowing homeowners to easily add storage capacity in small steps to match energy needs (from 4.9kW through to 78.4 kW per inverter). The next-generation SolarEdge Nexis three-phase residential solar and storage system – now available in Germany. SolarEdge Nexis system brings together a new three-phase inverter up to 20kW, a modular battery system, and full-home backup capabilities into a simple-to-install four-component solution ideal for the German market, as the trend towards larger rooftops, larger loads and storage self-consumption continues. The new up to 20kWAC inverter with DC-to-AC oversizing of 200%, features a compact, premium design with significantly smaller footprint than previous models, while supporting 2x the power. The new platform utilises advanced Silicon Carbide (SiC) switches to reduce inverter size and weight per kW, while delivering greater power density, reliability, and efficiency, offering up to 20% higher efficiency in low power than leading competitors in Europe. By integrating external components, such as the integrated DC surge protection and built-in antenna, the system slashes commissioning times from hours to under 30 minutes for the entire system, with a new streamlined installer interface and more advanced software. As part of SolarEdge’s new proprietary Single SKU concept, one inverter supports up to 20kW by consolidating all power classes into a single part number. The platform also enables homeowners to synchronize EV chargers and other smart home devices via the AI-driven MySolarEdge App. With 4.9 kWh LFP battery blocks that stack to 19.6 kW per battery stack, and with up to four stacks per inverter, the system delivers up to 78.4 kW1 total capacity—offering homeowners exceptional flexibility to scale. An entirely new “Lego-like” modular design and Simple-Click architecture allow each lightweight block to be clicked into place within mere moments, no wiring required. The battery is compatible with both single-phase and three-phase inverters and integrates with the SolarEdge Home Backup Interface to provide up to 20kW of full home backup per inverter with two battery stacks. The SolarEdge Nexis features a new Battery Optimizer technology that improves low-power efficiency by activating a single block at a time while balancing state of charge across all blocks—delivering higher overall system efficiency. The Battery Optimizer is also designed to isolate, monitor and manage each battery block independently to ensure the resiliency of individual battery blocks. The platform is built for easy maintenance by a single installer; components like the DC-to-DC board can be easily replaced on site. Full storage capacity of 78.4 kWh expected availability in Third Quarter 2026. Current offering contains a single stack. Announcement • Mar 11
SolarEdge Technologies, Inc. Announces Departure of Chief Financial Officer Asaf Alperovitz, Effective June 9, 2026 SolarEdge Technologies, Inc. announced that Chief Financial Officer Asaf Alperovitz has notified the Board of Directors of his decision to step down to pursue a chief financial officer role at a public company outside of the industry. The Board of Directors is initiating a process to identify a replacement CFO. Mr. Alperovitz will continue to serve as the Company’s Chief Financial Officer through June 9, 2026, to support its ongoing operations and the leadership transition. Mr. Alperovitz’s departure is not related to any financial or accounting issue or any disagreement over any matter relating to the Company’s operations, policies, or practices. Reported Earnings • Feb 19
Full year 2025 earnings released: US$6.88 loss per share (vs US$31.65 loss in FY 2024) Full year 2025 results: US$6.88 loss per share (improved from US$31.65 loss in FY 2024). Revenue: US$1.18b (up 31% from FY 2024). Net loss: US$405.4m (loss narrowed 78% from FY 2024). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 26 percentage points per year, which is a significant difference in performance. Announcement • Feb 18
SolarEdge Technologies, Inc. Provides Earnings Guidance for the First Quarter 2026 SolarEdge Technologies, Inc. provided earnings guidance for the first quarter 2026. For the year, company expected Revenues to be within the range of $290 million to $320 million; this range does not include significant one-time or pull forward of revenue. Buy Or Sell Opportunity • Feb 04
Now 38% overvalued Over the last 90 days, the stock has fallen 16% to US$34.44. The fair value is estimated to be US$24.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 47% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 42% in 2 years. Earnings are forecast to grow by 99% in the next 2 years. Announcement • Feb 03
SolarEdge Technologies, Inc. to Report Q4, 2025 Results on Feb 18, 2026 SolarEdge Technologies, Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 18, 2026 Buy Or Sell Opportunity • Dec 06
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to US$30.71. The fair value is estimated to be US$39.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 47% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 42% in 2 years. Earnings are forecast to grow by 98% in the next 2 years. Reported Earnings • Nov 06
Third quarter 2025 earnings released: US$0.84 loss per share (vs US$21.14 loss in 3Q 2024) Third quarter 2025 results: US$0.84 loss per share (improved from US$21.14 loss in 3Q 2024). Revenue: US$340.2m (up 30% from 3Q 2024). Net loss: US$50.1m (loss narrowed 96% from 3Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Announcement • Nov 06
SolarEdge Technologies, Inc. Provides Earnings Guidance for the Fourth Quarter Ending December 31, 2025 SolarEdge Technologies, Inc. provided earnings guidance for the Fourth quarter ending December 31, 2025. For the quarter, the company expects revenues to be within the range of $310 million to $340 million. Announcement • Oct 29
Solaredge Technologies, Inc. Announces A Major Milestone SolarEdge Technologies, Inc. announced a major milestone: more than 500 MWh of residential battery storage is now enrolled in Virtual Power Plant (VPP) programs across 16 U.S. states and Puerto Rico. These partnerships with the country's leading utilities and DERMs providers demonstrate SolarEdge's accelerating momentum in the distributed energy sector, adding significant capacity to the company's growing VPP portfolio and its commitment to unlocking new value for customers and partners, including third-party owners (TPOs). The company also continues to expand its grid services portfolio globally, participating in VPP programs across Europe, Australia, and Canada. SolarEdge's VPP portfolio now spans 16 states and Puerto Rico, with several new programs launched this year, including: Arizona Public Service (APS) - a performance-based program for customers who provide support to the grid during peak demand periods. Participants can receive $110 per kW based on the average kW their battery releases throughout the event season. Tucson Electric Power (TEP) - has launched its first residential battery-focused demand response program, enabling homeowners to earn up to $120 per kW (averaged over all events) for supporting grid reliability during summer and winter seasons. Payments are issued twice annually. New York State Programs - including National Grid, NYSEG, and Rochester Gas & Electric, which complement NYSERDA's Expanded Storage Incentive offering up to $6,250 per system. These new programs join the record-breaking Demand Side Grid Support (DSGS) program in California and a program in Puerto Rico, both of which are setting new benchmarks for distributed energy participation and grid resilience. A partnership between EnergyHub and SolarEdge enables battery owners to participate in utility programs across North America via the EnergyHub Edge DERMS platform. A leading provider of clean energy software and services, EnergyHub helps 120+ utilities manage over 1.8M distributed energy resources (DERs) and more than 2.5 GW of flexible capacity with customer-centric VPP programs and cross-DER optimization. Announcement • Oct 24
SolarEdge Technologies, Inc. to Report Q3, 2025 Results on Nov 05, 2025 SolarEdge Technologies, Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 05, 2025 Reported Earnings • Aug 07
Second quarter 2025 earnings released: US$2.11 loss per share (vs US$2.31 loss in 2Q 2024) Second quarter 2025 results: US$2.11 loss per share (improved from US$2.31 loss in 2Q 2024). Revenue: US$289.4m (up 9.1% from 2Q 2024). Net loss: US$124.7m (loss narrowed 4.6% from 2Q 2024). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Announcement • Aug 07
SolarEdge Technologies, Inc. Provides Earnings Guidance for the Third Quarter Ending September 30, 2025 SolarEdge Technologies, Inc. provided earnings guidance for the third quarter ending September 30, 2025. For the quarter, the company expects revenues to be within the range of $315 million to $355 million. Buy Or Sell Opportunity • Jul 22
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 156% to US$31.14. The fair value is estimated to be US$25.54, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 28% over the last 3 years. Meanwhile, the company became loss making. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 124% per annum over the same time period. Announcement • Jul 17
SolarEdge Technologies, Inc. to Report Q2, 2025 Results on Aug 07, 2025 SolarEdge Technologies, Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 07, 2025 New Risk • Jul 04
New major risk - Revenue and earnings growth Earnings have declined by 75% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 75% per year over the past 5 years. Buy Or Sell Opportunity • Jun 17
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.6% to US$15.69. The fair value is estimated to be US$20.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 28% over the last 3 years. Meanwhile, the company became loss making. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings are also forecast to grow by 126% per annum over the same time period. Announcement • Jun 06
Solaredge Technologies, Inc. Appoints Mr. Shuki Nir as Director SolarEdge Technologies, Inc. at its AGM held on June 3, 2025 appointed Mr. Shuki Nir as director of the company to hold office until the 2026 annual meeting of stockholders. Buy Or Sell Opportunity • May 22
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to US$14.72. The fair value is estimated to be US$19.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 28% over the last 3 years. Meanwhile, the company became loss making. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings are also forecast to grow by 122% per annum over the same time period. Announcement • May 07
SolarEdge Technologies, Inc. Launches New Solar-Powered EV Charging Solution, Designed to Significantly Reduce EV Charging Fleet Cost for Businesses SolarEdge Technologies, Inc. launched a solar-powered EV charging solution for businesses at Intersolar Europe 2025. Available now, the new solution includes a new EV charger for businesses, powered and controlled by an energy management system introduced following Wevo Energy's acquisition last year. This solution joins the SolarEdge C&I ecosystem for commercial-scale solar and storage solutions. Businesses with SolarEdge's solar systems can now charge their EV fleet with 'power-optimized' solar energy to further reduce their energy bills - with one of the first beta customers reporting a reduction in EV charging costs of approximately 70%. Reported Earnings • May 07
First quarter 2025 earnings released: US$1.70 loss per share (vs US$2.75 loss in 1Q 2024) First quarter 2025 results: US$1.70 loss per share (improved from US$2.75 loss in 1Q 2024). Revenue: US$219.5m (up 7.4% from 1Q 2024). Net loss: US$98.5m (loss narrowed 37% from 1Q 2024). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Announcement • May 06
SolarEdge Technologies, Inc. Provides Earnings Guidance for the Second Quarter Ending June 30, 2025 SolarEdge Technologies, Inc. provided earnings guidance for the second quarter ending June 30, 2025. Revenues to be within the range of $265 million to $285 million. Announcement • Apr 24
SolarEdge Technologies, Inc. Launches New 14a Compliant Solution, Opening German Residential Solar Customers to Smart Integration of Controllable Energy Loads SolarEdge Technologies, Inc. announced the launch of its ONE Controller for the German residential solar market. Available for order now, the ONE Controller is set to comply with Germany's new SS14a EnWG regulation - opening the market to smart integration of controllable loads by the utility. The SolarEdge ONE Controller will enable German residential installers to commission solar and storage systems that can integrate with the home's Smart Meter system (iMSys) in-line with regulatory requirements. Tested by EBUS e.V. in its Living Lab in Cologne, the ONE Controller complies with the use cases required by SS14a EnWG. Powering more of the home's heavy loads with optimized solar energy The ONE Controller also serves as an interface for the SolarEdge Home ecosystem with third-party EV chargers, such as specific models from ABB, MENNEKES and Wallbox, and heat pumps from Vaillant. Other heat pumps can be controlled through SG-ready compatibility. Announcement • Apr 22
SolarEdge Technologies, Inc. to Report Q1, 2025 Results on May 06, 2025 SolarEdge Technologies, Inc. announced that they will report Q1, 2025 results Pre-Market on May 06, 2025 Announcement • Apr 12
SolarEdge Technologies, Inc., Annual General Meeting, Jun 03, 2025 SolarEdge Technologies, Inc., Annual General Meeting, Jun 03, 2025. Location: 12455 research blvd., tx 78759, austin United States Announcement • Apr 10
Solaredge Technologies, Inc. Announces Board Change, Effective April 8, 2025 On April 8, 2025, Mr. Marcel Gani resigned from the Board of Directors of SolarEdge Technologies, Inc. effective immediately. In addition, on April 8, 2025, Mr. Dirk Hoke notified the Board that he will not stand for re-election at the Company’s 2025 Annual Meeting of Shareholders (the “2025 Annual Meeting”) and will step down from the Board, effective upon the election of directors at the 2025 Annual Meeting. In connection with the departure of Mr. Gani and the notice of resignation of Mr. Hoke, the Board fixed the size of the Board at nine directors, effective as of April 8, 2025, and further approved the decrease of the size of the Board to eight directors, effective immediately upon Mr. Hoke’s departure from the Board following the election of directors at the 2025 Annual Meeting. Buy Or Sell Opportunity • Apr 05
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.4% to US$14.42. The fair value is estimated to be US$18.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Meanwhile, the company became loss making. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 130% per annum over the same time period. Announcement • Mar 03
SolarEdge Technologies, Inc. Announces Chief Financial Officer Changes SolarEdge Technologies, Inc. announced the appointment of Asaf Alperovitz as Chief Financial Officer, effective immediately. Ariel Porat, who currently serves as the Company’s Chief Financial Officer, has taken a personal decision to step down from the role, and will remain with the company for a transition period to assist with a smooth handover. With a career spanning over three decades, Mr. Alperovitz brings extensive expertise and leadership experience across multiple industries. Most recently, from 2019 to 2024, Mr. Alperovitz served as the CFO of Delta Galil, a global high-tech apparel company. Prior to Delta Galil, he held CEO and CFO positions at NASDAQ, NYSE and TASE listed companies, including Syneron Medical, Omrix Pharmaceuticals (acquired by J&J), Tefron and Allmed Solutions. He also previously held senior management roles at Ernst &Young. Throughout his career, Mr. Alperovitz has led multiple IPOs, secondary offerings, M&A deals, and strategic transformations. He holds a BA in Accounting & Economics and an MBA from Tel-Aviv University. Buy Or Sell Opportunity • Feb 27
Now 24% undervalued Over the last 90 days, the stock has risen 13% to US$17.91. The fair value is estimated to be US$23.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Meanwhile, the company became loss making. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings are also forecast to grow by 132% per annum over the same time period. Announcement • Feb 21
SolarEdge Technologies, Inc. Provides Earnings Guidance for the First Quarter Ending March 31, 2025 SolarEdge Technologies, Inc. provided earnings guidance for the first quarter ending March 31, 2025. For the quarter, the company expects revenues to be within the range of $195 million to $215 million. Announcement • Feb 03
SolarEdge Technologies, Inc. to Report Q4, 2024 Results on Feb 19, 2025 SolarEdge Technologies, Inc. announced that they will report Q4, 2024 results Pre-Market on Feb 19, 2025 Announcement • Jan 08
Solaredge Technologies, Inc. Announces Board Appointments SolarEdge Technologies, Inc. announced the appointment of Yoram Tietz and Gilad Almogy to its Board of Directors, effective January 6, 2025. Mr. Tietz has been appointed as chair the Board’s Audit Committee, while Mr. Almogy joined the Board’s Technology Committee. Yoram Tietz is a Senior Advisor to General Atlantic, a leading global growth equity investment fund where he provides strategic support and counsel for General Atlantic’s investing platform in Israel. Prior to joining General Atlantic, Mr. Tietz spent 27 years at Ernst & Young (EY), including more than 15 years as Managing Partner of EY Israel. Prior to his role as Managing Partner, he was Head of High-Tech Cluster at EY Israel from 2000 to 2007, where he advised and counseled many Israeli tech founders and CEOs. Mr. Tietz is the Chairman of the Friends of Sheba Medical Center. He advises Sheba’s Management on innovation and transformation and is a director at Sheba Impact Ltd. – Sheba’s TTO. In addition to Sheba, Mr. Tietz is also actively involved in community and philanthropic initiatives as Co-Founder and Chairman of Birthright Excel. Gilad Almogy is the Founder and CEO of Ultima Genomics, provider of the first $100 human genome sequencing solution. Mr. Almogy founded Ultima Genomics in 2016 with a mission to continuously reduce the cost of genomic sequencing and expand its access to enable the era of Omics data-driven healthcare. Previously, Mr. Almogy was the Founder and CEO of Cogenra Solar, a developer of record breaking shingled solar modules, with multiple gigawatts deployed worldwide to date. He led Cogenra from inception until its acquisition by SunPower (Nasdaq: SPWR) in 2015. Before Cogenra, Mr. Almogy was a senior vice president for Applied Materials (Nasdaq: AMAT) where he led the Process Diagnostic and Control Group and later the Display Group, a more than $1 billion per year revenue business. He joined Applied Materials through its acquisition of Orbot in 1997. While at Orbot and Applied Materials, Mr. Almogy led the development of wafer inspection systems that are now widely adopted in semiconductor fabs worldwide. Mr. Almogy earned a PhD in Applied Physics from the California Institute of Technology and a BSc in Mathematics and Physics from the Hebrew University in Jerusalem’s Talpiot program. He is the inventor of more than 80 US Patents. Announcement • Jan 01
SolarEdge Technologies, Inc. Announces Board Changes On December 27, 2024, the Board of Directors of SolarEdge Technologies, Inc. appointed Dalia Litay as the Company’s Chief Legal Officer, effective January 1, 2025. Ms. Litay is replacing Ms. Rachel Prishkolnik, the Company’s current VP General Counsel and Corporate Secretary, who, as part of succession planning discussions, notified the Board on December 27, 2024 that she will be retiring from her role as VP General Counsel and Corporate Secretary of the Company, effective as of the end of the day on December 31, 2024. Ms. Prishkolnik will remain with the Company for a period of eight months thereafter until August 31, 2025 in a non-executive officer employee capacity in order to assist with a smooth leadership transition. The Board and the Company are grateful to Ms. Prishkolnik for her guidance and contributions during her nearly fifteen-year tenure with the Company. During the transition period, her cash compensation will remain unchanged and she will not be entitled to additional equity or a bonus in 2025. Ms. Litay, 52, served as the General Counsel of ironSource Ltd. from March of 2015, until its merger with a subsidiary of Unity Software Inc. (NYSE: U) (“Unity”) in November of 2022, following which Ms. Litay managed the legal team of Grow Solutions, a division of Unity which included ironSource, until her departure in 2024. Ms. Litay previously worked as an attorney at Meitar Liquornik Geva Leshem Tal from 2013 to 2015, and from 2004 to 2007, she worked as an attorney at Herzog Fox and Neeman. From 2001 to 2004, Ms. Litay worked at Time Inc. and at Paul, Weiss Rifkind Wharton and Garrison from 1997 to 2001. Ms. Litay holds an LL.M. in Corporate Law from NYU School of Law and an LL.B. from University of Warwick School of Law. Ms. Litay is a member of both the New York Bar and the Israeli Bar. Announcement • Dec 05
Solaredge Technologies, Inc Announces Chief Executive Officer Changes SolarEdge Technologies, Inc. announced the appointment of Mr. Shuki Nir as the Company’s new Chief Executive Officer (CEO), effective immediately. Mr. Nir, who has served as SolarEdge’s CMO since June 2024, will succeed Mr. Ronen Faier, who has served as the Company’s Interim CEO since August 2024. Mr. Faier will stay on with the Company as an advisor during a transition period to ensure a seamless leadership transition. Mr. Nir is also replacing Mr. Zvi Lando as a member of the Board of Directors. Mr. Nir is a proven leader within the technology sector, with nearly three decades of experience in leadership roles at multinational technology companies. He was the General Manager of the consumer business at SanDisk, where he led the strategic transformation and turnaround of a loss-making division into a profitable global market leader. His extensive tenure includes strategic consulting for multinational corporations and serving on several boards, including IronSource and Kornit Digital. Mr. Nir holds an MBA, an LLB and BA in accounting from Tel Aviv University. Announcement • Dec 03
SolarEdge Expands Commercial Product Portfolio in Germany with the Launch of Its Storage System for C&I Solar Installations SolarEdge Technologies Inc. announced that its first commercial storage system for the German market is now available for order. Coupled with SolarEdge’s solar inverter and power optimizer solution, the new ‘CSS-OD’ battery offers commercial businesses a tightly integrated, high-efficiency solar and storage solution to maximize the economics of solar self-consumption. Designed for commercial and industrial (C&I) solar installations, the new CSS-OD is suited for both indoor and outdoor use, comprising a 102.4 kWh-rated Battery Cabinet and a 50 KW battery inverter scalable up to a total capacity of 1 MWh per site. The system is factory pre-assembled and will be supported by a mobile commissioning app for minimized time on-site and faster deployment. The CSS-OD is powered by SolarEdge ONE for C&I, the Company’s new software-based energy optimization platform. The platform is designed to seamlessly synchronize and optimize site energy production and storage to help reduce energy costs, analyzing real-time data and user preferences for efficient charging and discharging. SolarEdge ONE for C&I supports multiple energy optimization modes and use cases including maximized self-consumption and peak shaving, and is designed to support tariff optimization for dynamic pricing and grid participation. Announcement • Nov 27
SolarEdge Technologies, Inc. Announces Closure of its Energy Storage Division SolarEdge Technologies, Inc. announced that as part of its focus on its core solar activities, it will cease all activities of its Energy Storage division. This decision will result in a workforce reduction of approximately 500 employees, most of whom are in South Korea. The expected quarterly operating expenses savings due to the closure are approximately $7.5 million with the full run rate expected to be achieved by the second half of 2025. The Company intends to sell the assets related to the storage division activities including its manufacturing facilities for battery cells and packs. This does not impact the solar business sale of batteries for residential and C&I markets. Buy Or Sell Opportunity • Nov 20
Now 26% overvalued Over the last 90 days, the stock has fallen 56% to US$11.02. The fair value is estimated to be US$8.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.5% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 58% in 2 years. Earnings are forecast to grow by 92% in the next 2 years. Recent Insider Transactions • Nov 15
Independent Chairman recently bought US$1.0m worth of stock On the 11th of November, Avery More bought around 76k shares on-market at roughly US$13.65 per share. This transaction amounted to 48% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Avery's only on-market trade for the last 12 months. New Risk • Nov 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risk Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Reported Earnings • Nov 07
Third quarter 2024 earnings released: US$21.08 loss per share (vs US$1.08 loss in 3Q 2023) Third quarter 2024 results: US$21.08 loss per share (further deteriorated from US$1.08 loss in 3Q 2023). Revenue: US$260.9m (down 64% from 3Q 2023). Net loss: US$1.21b (loss widened US$1.14b from 3Q 2023). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 31% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Announcement • Oct 14
SolarEdge Technologies, Inc. to Report Q3, 2024 Results on Nov 06, 2024 SolarEdge Technologies, Inc. announced that they will report Q3, 2024 results After-Market on Nov 06, 2024 Reported Earnings • Aug 08
Second quarter 2024 earnings released: US$2.31 loss per share (vs US$2.12 profit in 2Q 2023) Second quarter 2024 results: US$2.31 loss per share (down from US$2.12 profit in 2Q 2023). Revenue: US$265.4m (down 73% from 2Q 2023). Net loss: US$130.8m (down 210% from profit in 2Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 12 percentage points per year, which is a significant difference in performance. Announcement • Aug 08
SolarEdge Technologies, Inc. Provides Earnings Guidance for the Third Quarter Ending September 30, 2024 SolarEdge Technologies, Inc. provided earnings guidance for the third quarter ending September 30, 2024. For the quarter, the company’s revenues to be within the range of $260 million to $290 million. Buy Or Sell Opportunity • Aug 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 56% to US$26.27. The fair value is estimated to be US$33.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 2.7% in 2 years. Earnings are forecast to grow by 99% in the next 2 years. Announcement • Jul 22
SolarEdge Technologies, Inc. to Report Q2, 2024 Results on Aug 07, 2024 SolarEdge Technologies, Inc. announced that they will report Q2, 2024 results After-Market on Aug 07, 2024 Announcement • Jul 18
SolarEdge Technologies, Inc. Announces the Italian Launch of its High-Power SolarEdge TerraMax Inverter Combined with H1300 Power Optimizer SolarEdge Technologies, Inc. announced the Italian launch of its high-power SolarEdge TerraMax™? Inverter combined with H1300 Power Optimizers. The new SE330K inverter has received certification and is now available for order in Italy. Targeting small-to-medium utility-scale PV installations, the new versatile solution is suitable for varied topologies and challenging site conditions, ideal for ground mounted sites on sloped, uneven, or irregular shaped terrains such as abandoned quarries and mines, and dual use sites for applications such as floating PV and Agri-PV with trackers. The SolarEdge TerraMax Inverter provides SolarEdge's benefits of advanced Module Level Power Electronics (MLPE), that include more energy by overcoming module mismatch and shading losses, also common in bi-facial modules and vertical PV, built-in safety features, as well as design flexibility. The solution will be powered by the SolarEdge ONE for C&I new energy optimization platform, with high-precision module-level monitoring and PV fleet management for reduced site visits, increased system uptime and lower O&M costs. The optimized utility solution is designed to increase energy production through 99% inverter efficiency, 200% DC-oversizing and an integrated night-time PID rectifier. The design supports up to 80-module string lengths, requiring less cabling and overall equipment. This can lead to reduced balance of system (BoS) costs by as much as 50%. Pre-commissioning also allows early system validation of components and wiring, prior to AC connection. Announcement • Jun 27
SolarEdge Technologies, Inc. Announces Executive Changes SolarEdge Technologies, Inc. announced the appointment of Mr. Shuki Nir as the company’s new Chief Marketing Officer. Prior to joining SolarEdge, Mr. Nir served in several key leadership roles, including General Manager of the Consumer Business Unit at SanDisk and also led SanDisk’s Corporate Marketing. His extensive tenure includes consulting for multinational corporations and serving on several boards, including Kornit Digital and IronSource. Mr. Nir holds an MBA, an LLB and BA in accounting from Tel Aviv University. Mr. Nir is succeeding Mr. Yogev Barak, who has served as the Company’s Chief Marketing Officer for the last 3.5 years. During this time Mr. Barak helped scale SolarEdge’s marketing efforts, driving growth in key markets and building a strong worldwide marketing team and infrastructure. Announcement • Jun 19
SolarEdge Technologies, Inc. Unveils Next Generation Residential Solar+Storage Portfolio at Intersolar 2024 SolarEdge Technologies unveiled at Intersolar 2024 its next-generation three-phase solar inverter and dedicated home battery for the European residential market – expected to be available in the second half of 2025. Addressing the growing segment of larger residential solar+storage rooftop installations, SolarEdge’s next generation inverter is designed to reach a higher power class of up to 20kW and for full home backup applications. The incorporation of the latest advancements in Silicon Carbide (SiC) switches is expected to significantly decrease the size and weight of the new inverter per kW, while boosting efficiencies and power density to achieve the highest efficiency in its category currently on the market. The inverter is also designed to support the SolarEdge Home wireless network. Its dedicated modular battery platform will include a new compact and stackable architecture which will allow flexibility and scalability in both power and capacity. The modular design is devised to optimize the performance of each unit independently, with automatic balancing of new and old modules. The solution is designed to generate more energy for higher peak efficiency, while also optimizing efficiency during a low power battery discharge to maximize self-consumption in larger systems. Built to support the SolarEdge Home Backup Interface, the system will be able to provide extended multi-day home backup. Together with the SolarEdge ONE energy optimization system, the inverter and battery solution is also designed to optimize Time of Use (ToU) or dynamic energy tariffs. For installers, this new offering is designed to significantly simplify and shorten installations, servicing and commissioning processes, while offering one of the smallest footprints in the industry. The NextGen 3PH Solution makes its debut at the SolarEdge booth, Intersolar Hall B4, Stand 110. Announcement • Jun 18
SolarEdge Technologies, Inc. Announces Plans for Global Rollout of its First-Of-a-Kind Energy Optimization Software Platform for Commercial and Industrial Applications SolarEdge Technologies, Inc. announced the global rollout of SolarEdge ONE for C&I, a comprehensive software-based energy optimization platform for Commercial and Industrial (C&I) solar applications, expected to become generally available in the coming months. SolarEdge ONE for C& I is the Company's first-of-a-kind energy optimization platform, developed by SolarEdge specifically for EPCs, Operation and Maintenance (O&M) providers and businesses. It is designed to automatically and constantly manage the site's energy production, storage and consumption, enabling businesses to maximize energy savings and meet their environmental goals, by utilizing real-time data analytics to make intelligent decisions. SolarEdge ONE for C &I will offer EPCs and O&M teams advanced PV monitoring and fleet management tools tailored specifically for C&I applications. The software platform will deliver deep performance analysis across entire PV fleets, drilling down to the module level. In addition, it is intended to help EPC's and O&M teams to minimize downtime and reduce site visits, with features such as remote troubleshooting, device operation and remote configuration. The platform's live alerts system will enable proactive response to critical issues for extended system performance. Announcement • Jun 05
Solaredge Technologies, Inc. Announces Availability of Solaredge One Optimization Solution for Homeowners with A Dynamic Rate Plan in Germany SolarEdge Technologies, Inc. announced the introduction of its dynamic rate optimization capability for homeowners with a dynamic rate plan in Germany. Dynamic rate plans are gradually being introduced across Europe in order to support the clean energy transition with grid balancing - with Germany set to make it mandatory for all electricity providers to offer at least one dynamic rate plan by the start of 2025. SolarEdge's dynamic rate optimization capability is available with a SolarEdge Home system as part of the Company's new SolarEdge ONE AI-based energy optimization system, working seamlessly with applicable SolarEdge Home inverters and batteries. Designed to maximize savings for homeowners with a dynamic rateplan, this capability is designed to autonomously optimize energy production and consumption by: linking to day-ahead electricity markets; developing a personalized 24-hour optimized energy plan for the home; adapting to individual energy needs using predictive AI algorithms; making hundreds of real-time decisions throughout the day based on weather forecasts, changing utility rates, home consumption patterns, solar production and homeowner preferences. Based on AI predictions and real-time decisions, SolarEdge ONE diverts excess PV to prioritized home devices, takes advantage of off-peak pricing to charge a battery, or maximize feed-in revenue by discharging during peak pricing hours. The dynamic rate optimization capability will be available for most existing SolarEdge single and three phase inverters and batteries. Reported Earnings • May 09
First quarter 2024 earnings released: US$2.77 loss per share (vs US$2.46 profit in 1Q 2023) First quarter 2024 results: US$2.77 loss per share (down from US$2.46 profit in 1Q 2023). Revenue: US$204.4m (down 78% from 1Q 2023). Net loss: US$157.3m (down 214% from profit in 1Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 31% per year whereas the company’s share price has fallen by 34% per year. Announcement • May 09
SolarEdge Technologies, Inc. Provides Earnings Guidance for the Second Quarter Ending June 30, 2024 SolarEdge Technologies, Inc. provided earnings guidance for the second quarter ending June 30, 2024. For the quarter, the company expects revenues to be within the range of $250 million to $280 million. Announcement • Apr 28
SolarEdge Technologies, Inc., Annual General Meeting, Jun 05, 2024 SolarEdge Technologies, Inc., Annual General Meeting, Jun 05, 2024, at 09:00 Pacific Standard Time. Location: 700 Tasman Dr. Milpitas CA 95035 United States Agenda: To elect each of the three director nominees named in the Proxy Statement as Class III directors of the Company to hold office for a one-year term until the 2025 Annual Meeting of Stockholders and until his or her successor has been elected and qualified, or until his or her earlier death, resignation or removal; to ratify the appointment of Kost Forer Gabbay & Kasierer, a member of EY Global as independent registered public accounting firm for the year ending December 31, 2024; to approve, on an advisory and non-binding basis, the compensation of named executive officers; to transact such other business as may properly come before the meeting or any adjournment or postponement thereof. Announcement • Apr 20
SolarEdge Technologies, Inc. to Report Q1, 2024 Results on May 08, 2024 SolarEdge Technologies, Inc. announced that they will report Q1, 2024 results After-Market on May 08, 2024 Announcement • Mar 28
SolarEdge Technologies, Inc. Launches SolarEdge One Optimization Solution for Homeowners with A Dynamic Rate Plan in the Netherlands SolarEdge Technologies, Inc. announced the introduction of its dynamic rate optimization capability for homeowners with a dynamic rate plan in the Netherlands. The dynamic rate optimization capability, powered by the SolarEdge ONE AI-based energy optimization system, is designed to maximize savings for homeowners with a dynamic rate plan. This capability works seamlessly with applicable SolarEdge Home inverters and batteries and is achieved by: linking to day-ahead electricity markets. developing a personalized 24-hour optimized energy plan for the home. automatically adapting to individual energy needs using predictive AI algorithms. making hundreds of real-time decisions throughout the day based on weather forecasts, changing utility rates, home consumption patterns, solar production and homeowner preferences. Based on these predictions and real-time decisions, SolarEdge ONE can divert excess PV to prioritized home devices, take advantage of off-peak pricing to charge a battery, or maximize feed-in revenue by discharging during peak pricing hours. Announcement • Mar 19
SolarEdge Technologies, Inc.'s First Commercial Storage System for PV Applications Now Available for Order in Italy SolarEdge Technologies, Inc. announced 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 scalable up to a total capacity of 1MWh per site. The system comes with a market-leading warranty of 10 years, is pre-assembled and is supported by a mobile commissioning app for minimized time on-site and faster deployment. The SolarEdge CSS is powered by SolarEdge ONE for C&I, the Company's new cloud-based energy optimization platform that is designed to automatically synchronize and optimize site energy production and storage to help reduce energy costs. SolarEdge ONE consolidates real-time internal and external data to make intelligent energy decisions and is managed by a single software interface. The solution is designed to support multiple energy optimization modes and use-cases, including maximized self-consumption, peak shaving, tariff optimization for dynamic pricing and grid participation in the future. Announcement • Mar 18
SolarEdge Technologies, Inc.(NasdaqGS:SEDG) dropped from FTSE All-World Index (USD) SolarEdge Technologies, Inc.(NasdaqGS:SEDG) dropped from FTSE All-World Index (USD) New Risk • Feb 22
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Reported Earnings • Feb 21
Full year 2023 earnings released: EPS: US$0.60 (vs US$1.70 in FY 2022) Full year 2023 results: EPS: US$0.60 (down from US$1.70 in FY 2022). Revenue: US$2.98b (down 4.3% from FY 2022). Net income: US$34.3m (down 63% from FY 2022). Profit margin: 1.2% (down from 3.0% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Announcement • Feb 21
SolarEdge Technologies, Inc. Provides Earnings Guidance for First Quarter Ending March 31, 2024 SolarEdge Technologies, Inc. provided earnings guidance for the first quarter ending March 31, 2024. For the quarter, the company expects revenues to be within the range of $175 million to $215 million. Buy Or Sell Opportunity • Feb 20
Now 21% undervalued Over the last 90 days, the stock has risen 5.9% to US$84.03. The fair value is estimated to be US$107, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to decline by 1.8% per annum. Earnings are forecast to grow by 1.6% per annum over the same time period. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$78.96, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 21x in the Semiconductor industry in Europe. Total loss to shareholders of 76% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$108 per share. Announcement • Jan 31
SolarEdge Technologies, Inc. to Report Q4, 2023 Results on Feb 20, 2024 SolarEdge Technologies, Inc. announced that they will report Q4, 2023 results After-Market on Feb 20, 2024 Buying Opportunity • Jan 06
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 35%. The fair value is estimated to be US$104, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to decline by 0.8% per annum. Earnings is forecast to grow by 8.6% per annum over the same time period. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to US$100, the stock trades at a forward P/E ratio of 1882x. Average forward P/E is 17x in the Semiconductor industry in Europe. Total loss to shareholders of 70% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$165 per share. Announcement • Dec 14
Law Offices of Frank R. Cruz Announces Securities Fraud Lawsuit Against SolarEdge Technologies, Inc The Law Offices of Frank R. Cruz announced that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against SolarEdge Technologies, Inc. (" SolarEdge" or the "Company"). Class Period: February 22, 2022 -- October 19, 2023 Lead Plaintiff Deadline: January 2, 2024 If you are a shareholder who suffered a loss, click here to participate. The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors that: (1) the Company's distribution channels in Europe had higher than optimal inventory levels; (2) that, as a result, the Company was experiencing substantial cancellations and pushouts of existing backlog from its European distributors; (3) that, as a result, the Company's backlog and guidance was overstated; and (4) that, as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$81.85, the stock trades at a forward P/E ratio of 92x. Average forward P/E is 15x in the Semiconductor industry in Europe. Total loss to shareholders of 65% over the past three years. Announcement • Nov 04
Robbins Geller Rudman & Dowd LLP Announces Class Action Lawsuit Against SolarEdge Technologies, Inc Robbins Geller Rudman & Dowd LLP announced that purchasers or acquirers of SolarEdge Technologies, Inc. securities between May 3, 2023 and October 19, 2023, inclusive, have until January 2, 2024 to seek appointment as lead plaintiff of the SolarEdge class action lawsuit. Captioned Shen v. SolarEdge Technologies, Inc., No. 23-cv-09748 (S.D.N.Y.), the SolarEdge class action lawsuit charges SolarEdge and certain of its top executive officers with violations of the Securities Exchange Act of 1934. The SolarEdge class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) SolarEdge’s distribution channels in Europe had higher than optimal inventory levels; (ii) as a result, SolarEdge was experiencing substantial cancellations and pushouts of existing backlog from its European distributors; and (iii) consequently, SolarEdge’s backlog and guidance was overstated. The SolarEdge class action lawsuit further alleges that on August 1, 2023, SolarEdge CEO, defendant Zvi Lando revealed that “distribution channels in Europe are experiencing higher than optimal inventory levels, especially as it related to solar modules.” The SolarEdge class action lawsuit alleges that on this news, the price of SolarEdge stock fell more than 18%. The SolarEdge class action lawsuit further alleges that on October 19, 2023, SolarEdge disclosed that “during the second part of the third quarter of 2023, the company experienced substantial unexpected cancellations and pushouts of existing backlog from the company's European distributors” and “as a result, third quarter revenue, gross margin and operating income will be below the low end of the prior guidance range.” SolarEdge further revealed that it “anticipates significantly lower revenues in the fourth quarter of 2023 as the inventory destocking process continues,” according to the complaint. The SolarEdge class action lawsuit alleges that on this news, the price of SolarEdge stock fell more than 27%. Announcement • Nov 02
SolarEdge Technologies, Inc. (NasdaqGS:SEDG) announces an Equity Buyback for $300 million worth of its shares. SolarEdge Technologies, Inc. (NasdaqGS:SEDG) announces a share repurchase program. Under the program, the company will repurchase up to $300 million worth of company’s common stock. The program will expire on December 31, 2024. New Risk • Nov 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Reported Earnings • Nov 02
Third quarter 2023 earnings released: US$1.08 loss per share (vs US$0.44 profit in 3Q 2022) Third quarter 2023 results: US$1.08 loss per share (down from US$0.44 profit in 3Q 2022). Revenue: US$725.3m (down 13% from 3Q 2022). Net loss: US$61.2m (down 347% from profit in 3Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Announcement • Nov 02
Solaredge Technologies, Inc. Provides Revenue Guidance for the Fourth Quarter 2023 Ending December 31, 2023 SolarEdge Technologies, Inc. provided revenue guidance for the fourth quarter 2023 ending December 31, 2023 . For the quarter, the company expects revenue to be within the range of $300 million to $350 million. Announcement • Oct 21
SolarEdge Technologies, Inc. Provides Revenue Guidance for the Fourth Quarter of 2023 SolarEdge Technologies, Inc. provided revenue guidance for the fourth quarter of 2023. The Company anticipated significantly lower revenues in the fourth quarter of 2023 as the inventory destocking process continues. New Risk • Oct 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (23% accrual ratio). Buying Opportunity • Oct 20
Now 42% undervalued after recent price drop Over the last 90 days, the stock is down 70%. The fair value is estimated to be US$138, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 4.4%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 22% per annum over the same time period. Announcement • Sep 13
SolarEdge Technologies, Inc. Launches its Most Powerful Ground-Mount Solution, Targeting U.S. Community Solar and Small-Medium Utility SolarEdge Technologies, Inc. announced the U.S. launch of its new high-power, three-phase SolarEdge 330kW Inverter and its complementing H1300 Power Optimizer for community solar, agri-PV and small-to-medium scale ground mount utility PV applications. The SolarEdge 330kW In Verter lends itself both to distributed and centralized location topology, in which large-scale 330kW inverters can be installed in a central location while also providing SolarEdge's benefits of Module Level Power Electronics (MLPE), that include more energy for improved ROI, design flexibility, advanced safety solutions, as well as module-level monitoring. SolarEdge's new inverter and dedicated Power Optimizer solution is designed to help lower the Levelized Cost of Energy (LCOE) by yielding more energy production over the system's lifetime through 99% inverter efficiency, 200% DC-oversizing and an integrated PID rectifier. A lower LCOE can be achieved by reducing Balance of System (BoS) costs by up to 50% with fewer and longer strings. With the majority of site issues traditionally occurring in the DC array, SolarEdge's technology provides continuous and granular visibility to achieve higher uptime and lower operation and maintenance costs. With the design flexibility to overcome module mismatch and shading losses on uneven and irregular terrains, the new solution is well-suited for the rapidly growing community solar market. For developers, this presents more options for finding and utilizing sites that qualify for IRA tax incentives (Energy Communities and Low-Medium Income bonus credit incentives). The new solution can also reduce the need for site grading, thus helping to preserve resources. The SolarEdge 330k W Inverter is now available for orders in the U.S. for projects with installations scheduled for 2024 and beyond, and is expected to be gradually available for orders in additional regions later this year. Buying Opportunity • Aug 17
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 44%. The fair value is estimated to be US$212, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 4.4%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings is also forecast to grow by 23% per annum over the same time period. Announcement • Aug 10
Solaredge Technologies, Inc. Launches New Home Hub and Wave Inverters with Embedded Power Control System (Pcs) Aimed At Reducing Installation Costs SolarEdge Technologies, Inc. unveils the latest version of its market leading SolarEdge Home Hub and Wave inverters in the U.S. The new SolarEdge inverters will be integrated with power control system (PCS) technology, enabling the installation of PV systems that are more than 50% larger without requiring costly and time-consuming main panel upgrades (MPU). With the new embedded PCS technology, the SolarEdge inverters can now monitor, balance, and control the currents on the main panel busbar, resulting in the ability to install larger PV systems than allowed by the National Electrical Code 120% rule1. This means that a typical home with a 200 Amp main panel would be able to install up to three 11.4kW SolarEdge inverters without going through a main panel upgrade2. Furthermore, the SolarEdge DC-coupled architecture enables up to 200% DC oversizing and storage of excess PV in the SolarEdge Home DC-coupled battery. The PCS technology will be embedded in the new SolarEdge Home Hub and wave inverters requiring only the current transformers (CTs) to be installed on the main panel, with no additional external connector boxes, further simplifying installation and commissioning. Other improvements in the inverter include software innovations for faster commissioning, and automotive-grade critical components for enhanced inverter reliability. The new embedded PCS technology will be demonstrated at the SolarEdge booth at RE+ (#3311) and is expected to be available for order by the end of the year. Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to US$181, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 19x in the Semiconductor industry in Europe. Total loss to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$176 per share. Announcement • Aug 03
SolarEdge Technologies, Inc. Provides Earnings Guidance for the Third Quarter Ending September 30, 2023 SolarEdge Technologies, Inc. provided earnings guidance for the third quarter ending September 30, 2023. For the period, Company expects revenues to be within the range of $880 million to $920 million. New Risk • Aug 02
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: US$2.11 (vs US$0.27 in 2Q 2022) Second quarter 2023 results: EPS: US$2.11 (up from US$0.27 in 2Q 2022). Revenue: US$991.3m (up 36% from 2Q 2022). Net income: US$119.5m (up US$104.4m from 2Q 2022). Profit margin: 12% (up from 2.1% in 2Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Jul 23
SolarEdge Technologies, Inc. to Report Q2, 2023 Results on Aug 01, 2023 SolarEdge Technologies, Inc. announced that they will report Q2, 2023 results After-Market on Aug 01, 2023 
