SolarEdge (SEDG)

• Market cap: $856M
• 1 day: 12.66%
• 5 days: 15.21%
• 1 month: 35.88%
• 3 months: -27.49%
• 6 months: -56.95%
• Year to date: -83.89%
• 1 year: -84.43%
• 5 years: -84.45%
• 10 years: -28.65%
• Sector: Information Technology
• Industry: Semiconductors & Related Devices

About: SolarEdge Technologies designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations. The company system consists of power optimizers, inverters, and cloud-based monitoring platform and addresses a broad range of solar market segments, from residential solar installations to commercial and small utility-scale solar installations. The company sells its products directly to solar installers, engineering, procurement, and construction firms and indirectly to solar installers through distributors and electrical equipment wholesalers.

Employees: 5,633

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

59% more call options, than puts

Call options by funds: $295M | Put options by funds: $185M

2% more repeat investments, than reductions

Existing positions increased: 99 | Existing positions reduced: 97

0.52% more ownership

Funds ownership: 98.87% [Q2] → 99.39% (+0.52%) [Q3]

9% less capital invested

Capital invested by funds: $1.43B [Q2] → $1.3B (-$133M) [Q3]

13% less funds holding

Funds holding: 327 [Q2] → 286 (-41) [Q3]

55% less first-time investments, than exits

New positions opened: 34 | Existing positions closed: 75

Research analyst outlook

15 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $3.90 74% downside
• Avg. target: $14.13 4% downside
• High target: $29 96% upside

15 analyst ratings

• positive: 1 7%
• neutral: 9 60%
• negative: 5 33%

GLJ Research Gordon Johnson 55% 1-year accuracy 11 / 20 met price target	74% downside $3.90	Sell Reiterated	29 Nov 2024
Barclays Christine Cho 50% 1-year accuracy 23 / 46 met price target	53% downside $7	Underperform Maintained	15 Nov 2024
Morgan Stanley Andrew Percoco 64% 1-year accuracy 7 / 11 met price target	39% downside $9	Underweight Downgraded	15 Nov 2024
UBS Jon Windham 28% 1-year accuracy 5 / 18 met price target	22% upside $18	Neutral Maintained	8 Nov 2024
Truist Securities Jordan Levy 10% 1-year accuracy 4 / 39 met price target	2% upside $15	Hold Maintained	8 Nov 2024