This summary was created by AI, based on 3 opinions in the last 12 months.
SolarEdge Technologies (SEDG-Q) has been hit hard in 2023 due to various factors such as rising inflation, high interest rates, and the end of government subsidies. The company has guided lower several times this year, leading to concerns about a slump in demand, particularly in Europe. This has resulted in a rapid decline in volumes and margins, leading to expectations of very weak to negative earnings growth for some time. Despite a strong balance sheet with about $700M net cash, the stock has plummeted 71% this year along with the solar sector. However, with rates easing, shares climbed today.
Down 71% this year with the sector, because of high interest rates. With rates easing, shares climbed today.
Is leaving the S&P. Solar stocks got killed by higher interest rates. Earnings have vanished.
They just delayed their new battery launch and got slammed for it with downgrades and stock sell-offs. He prefers First Solar, the best in this industry. A Biden White House would be a tailwind to the sector.
SolarEdge Technologies is a American stock, trading under the symbol SEDG-Q on the NASDAQ (SEDG). It is usually referred to as NASDAQ:SEDG or SEDG-Q
In the last year, 2 stock analysts published opinions about SEDG-Q. 0 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for SolarEdge Technologies.
SolarEdge Technologies was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for SolarEdge Technologies.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
2 stock analysts on Stockchase covered SolarEdge Technologies In the last year. It is a trending stock that is worth watching.
On 2024-12-06, SolarEdge Technologies (SEDG-Q) stock closed at a price of $12.78.
The solar sector got hit hard in 2023 with rising inflation and rates, government subsidies ending, and general aversion to the sector after some high flying years and high valuations. Specifically to SEDG, the company has guided lower several times this year. Investors are worried that a bad slump in demand, especially in Europe, could worsen and/or last longer than expected. The rapid (negative) change in volumes and margins likely means very weak to negative earnings growth for some time. EPS is expected to go from $3.90 this year to less than $1 next year. Cash flow has also dwindled to $71M this year from more than $200M in 2019 to 2021. The balance sheet is fine with about $700M net cash.
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