SolarEdge Technologies, Inc (SEDG) – Powering the clean energy revolution

SolarEdge Technologies, Inc (SEDG) (Q2FY23)

Stock Performance: Over the past 3 years, SolarEdge generated returns of -61% where the price decreased from $305.35 in Oct 09, 2020 to $119.22 in Oct 09, 2023. It had a 200-Day Moving Average of $256.89 and a 50-Day Moving Average of $154.1.

In the past 1 year, SEDG delivered returns of -38% where the stock price decreased from 193.39 in Oct 14, 2022 to $119.22 in Oct 09,2023.The stock had a 52 Week High of $345.8 and a 52 Week Low of $116.56.

Over the past 3 months, SEDG’s stock price decreased by -55% from$265.05 in Jul 11, 2023 to $119.22 in Oct 09, 2023.

Quarter Performance: In Q2FY23, SEDG’s revenue grew by 36% to $991.3mn from $727.8mn in Q2FY22 and the COGS increased by 24% to $674mn from $545.1 in the same period.

Guidance: For Q3FY23, SEDG expects its revenue to be in the range of $880mn to $920mn and the Non-GAAP gross margin to be in the range of 28% to 31%.

Highlights

In Q2FY23, Solaredge saw record revenue of $947mn in its solar business. The company’s solar business revenue grew by 4% Q/Q and by 38% Y/Y, mostly driven by record revenues in Europe, offset by a decrease in revenue in the United States and Rest of World.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Economic Value Added Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 33

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