SEDG Stock Recent News

MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, will report financial results for the third quarter ended September 30, 2024 after market close on Wednesday, November 6, 2024. Management will host a conference call at 4:30 P.M. ET on Wednesday, November 6, 2024 to discuss these results. The call will be available, live, to interested parties by dialing: United States/Canada Toll Free: +1 800-343-4136 Inter.

SolarEdge's revenue has stabilized, with multiple positive catalysts including normalized U.S. inventories, rebounding European demand, and rising U.S. electricity prices. The valuation of SEDG stock is low, and despite some risks facing the company, the balance sheet situation is manageable, making it a buy for risk-tolerant, long-term investors. SolarEdge's Q2 revenue increased sequentially, driven by strong U.S. residential market sales and improved commercial sales, despite a year-over-year decline.

SolarEdge Technologies Inc (NASDAQ:SEDG) stock sports a 4.6% premarket loss, after a Jefferies downgrade to "underperform" from "hold," and price-target cut from $27 to $17.

MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge Technologies Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, demonstrates new capabilities of SolarEdge ONE for C&I cloud-based energy optimization platform for commercial and industrial solar applications at RE+ North America. SolarEdge ONE for C&I is SolarEdge's first-of-a-kind cloud-based solution specifically engineered for EPCs, O&M providers, developers, businesses and enterprises. The platform is desi.

MILPITAS, Calif--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, today unveiled its next-generation single-phase solar + storage solution at RE+. The new residential offering will integrate a scalable battery and a new solar inverter up to 11.5kW to provide highly flexible whole home backup to fit various types of home across the US. The solution's modular design will allow homeowners to start with PV-only, or with a smalle.

The interest rate environment has caused a slowdown in renewable energy project spending. Sales have dropped, but there are signs that SolarEdge is seeing a recovery.

SolarEdge Technologies reported Q2 2024 results largely in line with the disclosures made in conjunction with the company's $300 million convertible notes offering in June. While revenues were up by almost 30% sequentially, gross margin remained negative and the company continued to burn sizeable amounts of cash. Cash flow remains a crucial issue as the company is facing a $347.5 million convertible notes maturity next year.

SolarEdge's stock tumbles after the CEO's resignation, prompting many to wonder if the new CEO is more or less likely to solve the company's problems.

SolarEdge Technologies Inc (NASDAQ:SEDG) is reversing a 6% premarket lead,  last seen down 5.8% at $27.17 following news that CEO Zvi Lando is stepping down from his position.

Shares of SolarEdge Technologies Inc. charged higher in early Monday trading, after the solar-power-equipment maker said its chief executive of the past five years, Zvi Lando, has stepped down.