SolarEdge Technologies, Inc.
- Open
- 41.03
- Day high
- 41.37
- Day low
- 38.00
- Prev close
- 43.09
- Volume
- 4.8M
- Mkt cap
- $2.4B
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 5.9
- P/S
- 1.9
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$99K over the last 3 months (0 open-market buys, 2 sales)
- 🏛Institutions mixed (13F)
SolarEdge Technologies, Inc. (SEDG) is a Energy company listed on NASDAQ. The stock is up 61% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 2 sales (SEC Form 4). Drillr has 1 published research article covering SEDG.
SolarEdge Technologies, Inc. (SEDG) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 7 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
SEDG earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 6, 2026 | $-0.23 | $-0.43 | -87.0% | $311M | +1.6% |
| Feb 18, 2026 | $-0.19 | $-0.14 | +26.3% | $335M | +13.9% |
| Nov 5, 2025 | $-0.38 | $-0.31 | +18.4% | $340M | +3.0% |
| Aug 7, 2025 | $-0.82 | $-0.81 | +1.2% | $289M | -6.4% |
| Feb 19, 2025 | $-1.52 | $-3.52 | -131.6% | $171M | -16.3% |
| Feb 20, 2024 | $-1.47 | $-0.92 | +37.4% | $316M | -2.2% |
| Nov 1, 2023 | $0.68 | $-0.55 | -180.9% | $725M | -7.5% |
| Aug 1, 2023 | $2.52 | $2.62 | +4.0% | $991M | +5.6% |
| May 3, 2023 | $1.93 | $2.90 | +50.3% | $944M | +1.2% |
| Feb 13, 2023 | $1.60 | $2.86 | +78.7% | $891M | +1.2% |
| Aug 2, 2022 | $1.40 | $0.95 | -32.1% | $728M | -0.4% |
| May 2, 2022 | $1.28 | $1.20 | -6.3% | $655M | +3.1% |
SEDG insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 5, 2026 | ATKINS BETSY Sdirector | Grant | 2,634 | — |
| Jun 5, 2026 | AVERY MOREdirector, other: Chairman of the Board | Grant | 3,566 | — |
| Jun 5, 2026 | AVERY MOREdirector, other: Chairman of the Board | Grant | 5,741 | — |
| Jun 5, 2026 | Gross Dana Rebeccadirector | Grant | 2,634 | — |
| Jun 5, 2026 | GECHT GUYdirector | Grant | 2,634 | — |
| Jun 5, 2026 | Tietz Yoramdirector | Grant | 756 | — |
| Jun 5, 2026 | Gross Dana Rebeccadirector | Grant | 756 | — |
| Jun 5, 2026 | Tietz Yoramdirector | Grant | 2,634 | — |
| Jun 5, 2026 | Almogy Giladdirector | Grant | 2,634 | — |
| Jun 2, 2026 | Sigron Maozofficer: Chief Financial Officer | Grant | 13,984 | — |
| May 11, 2026 | AVERY MOREdirector, other: Chairman of the Board | Sell | 1,355 | $39.20 |
| May 11, 2026 | AVERY MOREdirector, other: Chairman of the Board | Sell | 1,211 | $38.28 |
| Jan 5, 2026 | Huber Danielofficer: Chief Revenue Officer | Grant | 17,538 | — |
| Jan 5, 2026 | Nir Yehoshuadirector, officer: Chief Executive Officer | Grant | 50,000 | — |
| Jan 5, 2026 | Nir Yehoshuadirector, officer: Chief Executive Officer | Grant | 90,880 | — |
Source: SEDG SEC Form 4 filings, latest Jun 5, 2026. For informational purposes only — not investment advice.
See the full SEDG insider & 13F page →SolarEdge Technologies, Inc. company profile
Overview
SolarEdge Technologies, Inc. (NASDAQ:SEDG) is an Israeli-American solar energy technology company founded in 2006 and headquartered in Herzliya, Israel. The company went public in March 2015 and has established itself as a leading provider of solar power optimization and energy management solutions. SolarEdge designs and manufactures DC-optimized inverter systems that maximize energy harvest from solar photovoltaic installations while providing advanced monitoring and safety features. The company has expanded beyond its core solar business into adjacent markets including energy storage, electric vehicle charging, and grid services, serving residential, commercial, and utility-scale customers worldwide.
Business
SolarEdge operates in the solar energy equipment manufacturing industry, specifically focusing on power electronics and energy management systems for solar photovoltaic installations. The company's core innovation lies in its DC power optimization technology, which fundamentally changes how solar energy systems operate compared to traditional string inverters. The company's flagship product is the SolarEdge System, which consists of three main components working together: power optimizers, inverters, and a cloud-based monitoring platform. Power optimizers are small devices attached to each solar panel that maximize energy harvest by allowing each panel to operate at its optimal power point independently, rather than being limited by the weakest-performing panel in a string. The DC-optimized inverters then convert the direct current from the solar panels into alternating current for use in homes and businesses. The monitoring platform provides real-time performance data and system management capabilities. SolarEdge operates through five business segments: 1. Solar segment (approximately 95% of revenue): This core business includes inverters, power optimizers, communication devices, and monitoring software for residential, commercial, and small utility-scale solar installations. The segment also encompasses installation services and ongoing technical support. 2. Energy Storage segment: Provides battery storage solutions that integrate with solar systems, including residential and commercial battery systems, backup power solutions, and grid services capabilities. 3. e-Mobility segment: Develops electric vehicle charging solutions that can integrate with solar and storage systems for comprehensive energy management. 4. Critical Power segment: Offers uninterruptible power supply (UPS) solutions and backup power systems for critical applications. 5. Automation Machines segment: Provides automated manufacturing equipment, though this represents a smaller portion of the business. The solar industry operates on the principle of converting sunlight into electricity through photovoltaic cells. Traditional solar systems use string inverters that connect multiple panels in series, but SolarEdge's DC optimization approach allows for panel-level monitoring and optimization, resulting in higher energy yields, enhanced safety features, and better system visibility for maintenance and troubleshooting.
Revenue model
SolarEdge generates revenue primarily through product sales to solar installers, distributors, and system integrators who then incorporate SolarEdge components into complete solar energy systems for end customers. The company operates on a business-to-business model, selling to solar installation companies, electrical equipment wholesalers, PV module manufacturers, and engineering, procurement, and construction (EPC) firms. The company's revenue streams include: 1. Hardware sales of inverters, power optimizers, and energy storage systems, which represent the majority of revenues. 2. Software and monitoring services, including cloud-based system monitoring and energy management platforms. 3. Installation and technical support services provided to customers and partners. Geographically, SolarEdge's revenue is distributed across three main regions: the United States (typically 40-60% of revenues), Europe (20-40% of revenues), and international markets including Australia, Japan, and other regions (15-20% of revenues). The company has been expanding its U.S. manufacturing capabilities with facilities in Austin, Texas, and Florida to qualify for Inflation Reduction Act (IRA) benefits and reduce dependence on international supply chains. Several factors influence SolarEdge's margins and profitability. Positive margin drivers include: economies of scale as production volumes increase, manufacturing automation and efficiency improvements, IRA domestic content incentives for U.S.-manufactured products, technological differentiation allowing premium pricing, and expanding software and services offerings with higher margins. Negative margin pressures come from: commodity price fluctuations for semiconductors and raw materials, competitive pricing pressure in mature markets, tariffs on imported components and finished goods, inventory write-downs during market downturns, and the cyclical nature of solar demand influenced by policy changes and economic conditions. The company has experienced significant margin compression during recent market corrections, with gross margins falling from historical levels of 30-35% to low-to-mid teens during challenging periods, though management targets a return to 23% gross margins as markets normalize.
Competitive moat
SolarEdge's competitive moat is moderately strong but faces increasing challenges from evolving market dynamics and competitive pressures. The company's primary moat stems from its technological differentiation in DC power optimization, which provides measurable performance advantages over traditional string inverter systems. This technology creates switching costs for installers who have invested in training and certification on SolarEdge systems, and the integrated monitoring platform provides ongoing customer stickiness through valuable data analytics and system management capabilities. The company benefits from network effects within its ecosystem, as installers, distributors, and customers become familiar with the SolarEdge platform, creating preference for continued use of compatible components. SolarEdge has also built strong relationships with key distribution partners and has achieved significant scale in manufacturing, providing cost advantages over smaller competitors. However, the moat faces several challenges. Competitive threats are intensifying as traditional inverter manufacturers like Enphase Energy offer similar microinverter solutions that provide panel-level optimization without requiring separate power optimizers. Chinese manufacturers are increasingly offering competitive DC-optimized solutions at lower price points, particularly in price-sensitive markets. The solar industry's commoditization trend puts pressure on premium pricing for differentiated technology. Technological disruption risks include potential advances in panel-level power electronics that could make external optimizers obsolete, and the rapid evolution of energy storage and grid-edge technologies that could shift value away from traditional inverter functions. Additionally, SolarEdge's expansion into adjacent markets like energy storage and EV charging faces established competitors with deeper expertise in those specific domains. The company's moat is further challenged by market cyclicality and policy dependence, as solar demand is heavily influenced by government incentives, net metering policies, and economic conditions. This cyclicality can pressure margins and market share during downturns, as seen in recent quarters where the company has had to implement significant price reductions to maintain competitiveness.
Risks & safety
SolarEdge's margin of safety appears limited given current financial stress and market challenges, though the company maintains adequate liquidity for near-term operations. • Cash and liquidity: $401 million in cash and short-term investments as of Q1 2025, with positive free cash flow of $24 million in the quarter, representing improvement from negative free cash flow in prior periods. • Debt and solvency: Total debt-to-equity ratio of 1.25, with convertible notes maturing in September 2025 that the company plans to repay from existing cash. Current ratio of 2.04 indicates adequate short-term liquidity coverage. • Profitability challenges: Significant losses with net income of -$99 million in Q1 2025 and -$1.8 billion for full year 2024 (including large asset write-downs). EBITDA remains negative at -$91 million in Q1 2025. • Valuation metrics: Trading at negative P/E ratios due to losses, but Graham net-net value of 1.94 suggests potential asset value relative to market cap. EV/EBITDA ratios are negative due to negative EBITDA. • Operational cash burn: Positive operating cash flow of $34 million in Q1 2025 shows improvement, but company burned $313 million in operating cash flow for full year 2024. • Other considerations: Large inventory levels requiring continued reduction, exposure to tariff impacts on margins, and dependence on solar market recovery for sustained profitability improvement.
Recent development
Over the past few years, SolarEdge has undergone significant strategic transformation under new leadership, focusing on four key priorities: strengthening financials, regaining market share, accelerating innovation, and expanding U.S. manufacturing capabilities. The company has made substantial investments in domestic manufacturing, establishing facilities in Austin, Texas, capable of producing 70,000 inverters per quarter, and Florida facilities targeting 2 million power optimizers per quarter. This U.S. manufacturing expansion aims to qualify for Inflation Reduction Act benefits and reduce supply chain dependencies, though it has also required significant capital investment and workforce expansion of nearly 2,000 jobs. Product innovation has centered on developing next-generation solutions including the Nexus residential portfolio, expanded commercial battery products, and enhanced energy management software capabilities. The company has also launched higher-power inverters for commercial applications and is developing virtual power plant capabilities to provide grid services. Financially, SolarEdge has implemented aggressive cost reduction measures including workforce reductions of approximately 400 employees, targeting operating expense reduction to $85-90 million per quarter by end of 2025, and optimizing its manufacturing footprint. The company has also undertaken significant asset write-downs totaling over $1 billion in 2024 to reflect changed market conditions. Market strategy has shifted toward more competitive pricing, particularly in Europe where the company has implemented promotional pricing to help distributors clear inventory and regain market share. The company has simplified its go-to-market structure and increased focus on customer experience and technological value proposition rather than premium pricing alone. The company has also been monetizing manufacturing tax credits, selling its first 45x manufacturing tax credit for approximately $40 million, and exploring additional opportunities to optimize its tax position through domestic content benefits and other IRA provisions.
SEDG company profile · for informational purposes only — not investment advice.
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