The upcoming earnings report for SolarEdge Technologies, Inc. is scheduled for Monday, May 4th, with a consensus estimate EPS of -0.23.
SolarEdge Technologies, Inc. (SEDG) is currently priced at $45.7, experiencing a price change of -$1.68 (-3.55%) from the previous close. The trading volume of $594,195 is 16.08% above the average.
In the latest quarterly earnings report on Tuesday, February 17th, SolarEdge Technologies, Inc. reported a consensus estimate EPS of -0.19. Further details on revenue and profit margins are not available.
Published on April 21st by Citigroup, the new grade for SEDG is "Sell," unchanged from the previous grade, with a recommendation to "hold."
SolarEdge Technologies, Inc. shows a positive cash flow with a net change of $52.85 million. Notable figures include operating cash flow of $52.63 million and debt repayment of $342.25 million.
The company reported a net income of -$132.12 million, resulting in an EPS of -$2.21. Revenue stood at $335.36 million, with operating expenses totaling $106.14 million.
Key ratios for SEDG include a quick ratio of 1.48, gross profit margin of 22.17%, and return on equity of -30.91%.
SolarEdge Technologies, Inc. holds total assets of $2.18 billion, with total liabilities at $1.75 billion. Cash and cash equivalents amount to $455 million.
This comprehensive overview provides insights into SEDG's financial performance and upcoming earnings expectations.
SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. It operates through five segments: Solar, Energy Storage, e-Mobility, Critical Power, and Automation Machines. The company offers inverters, power optimizers, communication devices, and smart energy management solutions used in residential, commercial, and small utility-scale solar installations; and a cloud-based monitoring platform that collects and processes information from the power optimizers and inverters, as well as monitors and manages the solar PV system. It also provides residential, commercial, and large scale PV, energy storage and backup, electric vehicle charging, and home energy management solutions, as well as grid services; and e-Mobility, automation machines, lithium-ion cells and battery packs, and uninterrupted power supply solutions, as well as virtual power plants, which helps to manage the load on the grid and grid stability. In addition, the company offers pre-sales support, ongoing trainings, and technical support and after installation services. The company sells its products to the providers of solar PV systems; and solar installers and distributors, electrical equipment wholesalers, and PV module manufacturers, as well as engineering, procurement, and construction firms. SolarEdge Technologies, Inc. was founded in 2006 and is headquartered in Herzliya, Israel.