Group 1: Earnings Performance - SolarEdge Technologies reported a quarterly loss of $3.52 per share, significantly worse than the Zacks Consensus Estimate of a loss of $1.57, marking an earnings surprise of -124.20% [1] - The company posted revenues of $196.22 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 5.31%, but down from $316.04 million year-over-year [2] - Over the last four quarters, SolarEdge has not surpassed consensus EPS estimates, with a notable loss of $15.33 per share in the previous quarter compared to an expected loss of $1.55 [1][2] Group 2: Stock Performance and Outlook - SolarEdge shares have increased approximately 20.3% since the beginning of the year, outperforming the S&P 500's gain of 4% [3] - The company's earnings outlook is mixed, with the current consensus EPS estimate for the upcoming quarter at -$1.08 on revenues of $219.23 million, and -$2.71 on revenues of $1.13 billion for the current fiscal year [7] - The Zacks Rank for SolarEdge is currently 3 (Hold), indicating expected performance in line with the market in the near future [6] Group 3: Industry Context - The solar industry, where SolarEdge operates, is currently ranked in the top 27% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - First Solar, a competitor in the same industry, is expected to report quarterly earnings of $4.69 per share, reflecting a year-over-year increase of 44.3%, with revenues anticipated to be $1.47 billion, up 26.9% from the previous year [9][10]

SolarEdge Technologies revenue surpassed expectations but margins suffered, reflecting its ongoing struggles in a competitive market.SolarEdge Technologies (SEDG 3.48%), a leader in DC-optimized inverter solutions, reported mixed fourth-quarter 2024 earnings on Wednesday, Feb. 19. Q4 revenue of $196.2 million topped the analysts' consensus estimate of $189 million. However, adjusted EPS heavily underperformed, coming in at a loss of $3.52, far worse than the anticipated $1.50 per share loss. The quarter pre ...

Financial Performance - The company reported Q4 2024 revenues of $196.2 million, a decrease of 17% from $235.4 million in the prior quarter[3] - Revenues from the solar segment were $189.0 million, down 15% from $222.1 million in the prior quarter[4] - Full year 2024 total revenues were $901.5 million, down from $2.98 billion in the prior year[16] - Revenues for Q4 2024 were $196,217,000, a decrease from $316,044,000 in Q4 2023, representing a decline of approximately 38%[42] - Net income for the year ended December 31, 2024, was a loss of $1,806,357 compared to a profit of $34,329 in 2023[46] - The company reported a gross margin (loss) of (97.3)% for 2024, down from 23.6% in 2023[48] - The company reported a gross margin (loss) of (39.4)% (Non-GAAP) for 2024, compared to 28.2% in 2023[48] Losses and Impairments - GAAP net loss for Q4 2024 was $287.4 million, compared to a net loss of $1.231 billion in the prior quarter[11] - The company reported a total write down and impairment of $1.17 billion for the full year 2024[18] - Gross loss for Q4 2024 was $112,254,000 compared to a gross loss of $56,425,000 in Q4 2023, indicating a worsening in gross margin performance[42] - Net loss for Q4 2024 was $287,439,000, compared to a net loss of $162,383,000 in Q4 2023, marking an increase in losses of approximately 77%[42] - The company reported a loss from equity investments of $456.00 million for the year ended December 31, 2024[52] - The company experienced unrealized losses related to currency fluctuations amounting to $1.09 million for the three months ended December 31, 2024[51] Cash Flow and Liquidity - Free cash flow generated in Q4 2024 was $25.5 million, compared to a deficit of $136.7 million in the prior year[15] - As of December 31, 2024, total cash and equivalents were $81.8 million, up from $51.3 million as of September 30, 2024[15] - Cash and cash equivalents decreased to $274,611,000 in Q4 2024 from $338,468,000 in Q4 2023, a decline of about 19%[44] - Cash flows used in operating activities amounted to $313,319 for 2024, an increase from $180,113 in 2023[46] - Cash and cash equivalents at the end of the period increased to $409,939 in 2024 from $338,468 in 2023[46] - The company reported a net cash provided by operating activities (GAAP) of $37,804 for the three months ended December 31, 2024, a recovery from $(89,332) in the previous quarter[59] Operating Expenses - Total operating expenses for Q4 2024 were $151,413,000, down from $181,156,000 in Q4 2023, reflecting a reduction of about 16%[42] - Research and development expenses for Q4 2024 were $62,238,000, down from $75,001,000 in Q4 2023, a reduction of about 17%[42] - Operating expenses (GAAP) totaled $831,084 for the year ended December 31, 2024, compared to $663,618 in 2023[48] - Operating expenses were recorded at $1,116.28 million, which is a 5% increase compared to the previous year[49] Future Guidance and Strategy - The company expects Q1 2025 revenues to be in the range of $195 million to $215 million[28] - Future guidance projects a revenue growth of 15% for the next quarter, driven by new product launches[49] - The company plans to expand its market presence in Asia, targeting a 20% increase in market share by the end of the fiscal year[49] - The company expects continued focus on restructuring and cost management strategies moving forward[56] - The company indicated a future outlook with a focus on improving operational efficiency and reducing costs in response to the current financial challenges[58] Restructuring and Charges - A restructuring charge of $1,299 million was noted, aimed at optimizing operational costs[49] - The company incurred restructuring charges of $3.77 million for the three months ended December 31, 2024, compared to $2.52 million in the previous quarter[51] - Restructuring charges for the three months ended December 31, 2024, were $3,770 thousand, compared to $2,515 thousand in the previous quarter[54] Assets and Liabilities - Total current assets decreased to $2,034,307,000 in Q4 2024 from $3,304,306,000 in Q4 2023, representing a drop of approximately 38%[44] - Total liabilities increased to $1,971,853,000 in Q4 2024 from $2,175,822,000 in Q4 2023, indicating a rise of about 9%[44] - Total stockholders' equity decreased significantly to $658,342,000 in Q4 2024 from $2,411,909,000 in Q4 2023, a decline of approximately 73%[44] - The company experienced a significant increase in trade receivables, netting $451,707 in 2024 compared to $296,429 in 2023[46] Stock-Based Compensation - Stock-based compensation expenses were $137,251 for the year ended December 31, 2024, slightly down from $149,945 in 2023[46] - The company reported stock-based compensation of $24.43 million for the three months ended December 31, 2024, down from $36.64 million in the previous quarter[51] - Stock-based compensation for the three months ended December 31, 2024, totaled $137,251 thousand, down from $149,945 thousand in the previous year[54] - Stock-based compensation for the three months ended December 31, 2024, was $0.42 per share, down from $0.62 in the same period of 2023[58]

Wall Street expects a year-over-year decline in earnings on lower revenues when SolarEdge Technologies (SEDG) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 19, 2025, might help the stock move higher if these key numbers are be ...

In the latest market close, SolarEdge Technologies (SEDG) reached $13.10, with a -1.58% movement compared to the previous day. This change lagged the S&P 500's daily loss of 0.51%. At the same time, the Dow lost 0.75%, and the tech-heavy Nasdaq lost 0.28%.Shares of the photovoltaic products maker have depreciated by 10.07% over the course of the past month, underperforming the Oils-Energy sector's gain of 6.87% and the S&P 500's gain of 2.87%.Market participants will be closely following the financial resul ...

Stock Performance - SolarEdge Technologies closed at $14 71, marking a -1 87% move from the prior day, lagging the S&P 500's daily loss of 1 54% [1] - Prior to the latest trading session, the company's shares had gained 12 88% over the past month, outperforming the Oils-Energy sector's loss of 11 05% and the S&P 500's loss of 2 2% [1] Earnings Expectations - The company is predicted to post an EPS of -$1 75, indicating a 90 22% decline compared to the equivalent quarter last year [2] - Revenue is expected to be $185 58 million, down 41 28% from the prior-year quarter [2] Industry and Sector Analysis - The Solar industry, part of the Oils-Energy sector, has a Zacks Industry Rank of 142, placing it in the bottom 44% of all 250+ industries [4] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4] Analyst Estimates and Revisions - Recent changes to analyst estimates reflect evolving short-term business trends, with positive revisions indicating optimism about the company's business and profitability [5] - The consensus EPS projection has moved 0 98% higher within the past 30 days [6] Zacks Rank and Stock Rating - SolarEdge Technologies currently has a Zacks Rank of 3 (Hold) [6] - The Zacks Rank system has a track record of outperformance, with 1 stocks generating an average annual return of +25% since 1988 [6]

Shares of SolarEdge Technologies Inc (NASDAQ:SEDG) are down 9.4% at $15.94 at last check, after Citigroup downgraded the solar name to "sell" from "neutral," with a price-target cut to $9 from $12, noting high operating expenses. Wells Fargo chimed in as well, slashing its price objective to $15 from $19. Separately, SolarEdge is increasing its board size from eight to 10 members. The vast majority of analysts are already bearish on SolarEdge Technologies stock. Only two of the 35 analysts in question carry ...

SolarEdge Technologies, Inc. SEDG shares are trading higher on Tuesday. On Monday, Goldman Sachs analyst Brian Lee raised its price target from $19 to $21, while reiterating a Buy rating.Yesterday, the company revealed layoffs of approximately 400 employees and post-completion the workforce reduction is expected to save $9 million to $11 million quarterly, excluding implementation costs.Also, the company disclosed safe harbor agreements with two of the largest U.S. residential solar installers and financers ...

The fall from the Olympus in 2023-2024 for SolarEdge (NASDAQ: SEDG ) has been abrupt and bloody. Not if it was something new for the solar energy sector: the 2011 to 2012 period was as cruel, if not more so; 2016 and 2018 were not*An investor inspired by Mr. Warren Buffet, Mr. Benjamin Graham, and Mr. Peter Lynch. Value investor since 2010. Head of Asset Management at a small co-partnered investment company.*Was the Head of Asset management in popular local mutual funds managing company 'Centras Securities' ...

As years go by, 2024 has not been a great one for shares of SolarEdge Technologies Inc NASDAQ: SEDG. The $800 million market cap stock is down 85% since the start of January, which means it’s back trading at 2016 levels. For any investor that was involved in SolarEdge in the 8 years since then, it’s been a rollercoaster of a ride, to say the least.  SolarEdge Technologies TodaySEDGSolarEdge Technologies$13.84 -0.53 (-3.69%) 52-Week Range$10.24▼$103.15Price Target$22.40Add to WatchlistAt one point during th ...