How to Buy Solaredge Technologies Stock
Solaredge Technologies Inc
SolarEdge Technologies, Inc. , together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide.
Solaredge Technologies stock last closed at $80.19, down 0.6% from the previous day, and has decreased 74.2% in one year. It has underperformed other stocks in the Solar industry by 0.02 percentage points. Solaredge Technologies stock is currently +26.78% from its 52-week low of $63.25, and -76.81% from its 52-week high of $345.80.
At the moment, there are 56.81M SEDG shares outstanding. The market cap of SEDG is $4.56B. In the past 24 hours, 1.83M SEDG shares were traded.
How to Buy Solaredge Technologies Stock
Not sure how to invest in Solaredge Technologies stock? Here's how.
- Decide where to buy Solaredge Technologies stock: You need to pick an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you figure out where to buy Solaredge Technologies stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit funds into your brokerage account: Choose your payment method and add your information.
- Evaluate Solaredge Technologies stock: The Solaredge Technologies ticker symbol is SEDG. Is Solaredge Technologies stock a good investment? Should you buy shares of SEDG? How do SEDG's underlying business fundamentals look? Do top analysts think Solaredge Technologies is a good buy? Why has SEDG's stock price moved recently? (Hint: Our stock research website can help you understand if SEDG is a good stock to buy).
- Place your SEDG trade: Decide if you will purchase SEDG shares at the current market price or use a limit order to buy SEDG stock at a particular price.
- Get the latest news on your SEDG investment: Create a watchlist to the latest updates on your new investment in Solaredge Technologies shares.
Step 1: Decide where to buy Solaredge Technologies stock
You will need an online brokerage account in order to access the NASDAQ market and buy SEDG shares.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked the best brokerage, you need to fill out some personal information so you are able to invest in SEDG stock today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to open your new brokerage account.
- Submit your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you have created your account on the best investment app, you need to deposit funds:
Watch the video below for more details transferring funds into your new brokerage account.
Step 4: Evaluate Solaredge Technologies stock
Once you have figured out the best place to buy Solaredge Technologies stock, it's crucial to research their stock before you buy, so you can wrap your head around the risk as well as the opportunity.
Solaredge Technologies stock at a glance
Solaredge Technologies Zen Score
WallStreetZen was designed to help average investors perform better fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on SEDG's stock page.
What is the fair value of SEDG stock?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge SEDG's fair value.
Using relative valuations metrics:
- SEDG could be overvalued based on its P/E ratio of 20.72x, relative to Solar industry P/E ratio of 20.4x
- SEDG may be undervalued based on its P/B ratio of 1.83x, relative to Solar industry P/B ratio of 2.48x
- SEDG may be undervalued based on its PEG ratio of 0.39x
You can do additional valuation analysis on SEDG's stock here.
SEDG Financial Health Summary
Signs that SEDG is financially healthy:
- SEDG has cash burn of 103183000. It has enough cash and short-term investments to cover this for at least one year.
- SEDG has $1.03B in cash and short term investments. This is enough to cover its annual cash burn of $103.18M.
- There are more short-term assets than short-term liabilities on the SEDG balance sheet.
- SEDG profit margin has gone up from 4.1% to 6.1% in the past year.
- There are more short-term assets than long-term liabilities on the SEDG balance sheet.
Signs that SEDG is not financially healthy:
- Total SEDG debt is higher than 5 years ago, relative to shareholder equity.
- SEDG has a relatively high debt to equity ratio of 0.87.
Is SEDG stock a Buy, Hold, or Sell, according to analysts?
Out of 22 Wall Street analysts who monitor SEDG, the consensus analyst rating on SEDG is a Buy
Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Latest SEDG Analyst Ratings
Praneeth Satish, a top 32% analyst from Wells Fargo downgrades SEDG to a hold rating and lowers their SEDG price target from $190.00 to $82.00, on Nov 6, 2023.
Wells Fargo's Praneeth Satish downgraded their rating on Solaredge Technologies (NASDAQ: SEDG) from Strong Buy to Hold on 2023/11/06. The analyst also lowered their price target by 56.8% from $190 to $82.
Satish explained their downgraded rating by saying that "a lack of visibility into a recovery and significant uncertainties outweigh the fact that the stock is trading at a discounted valuation."
The analyst explained their price target cut in similar terms, saying that "SolarEdge's uncertainties outweigh the shares' discounted price."
Earnings Report
For Q3 2023, Solaredge Technologies reported:
- Loss per share of $0.55, which missed the Zacks Consensus Estimate of EPS of $0.68 and, by 265.5%, Q3 2022's $0.91 EPS.
- Revenue of $725.3M, which missed the Zacks Consensus Estimate of $766.7M by 5.4% and, by 13%, Q3 2022's $836.7M.
- Solar segment revenue of $676.4M, down 14% from Q3 2022's $788.6M.
- Adjusted gross margin of 20.8%, down 650 bps from Q3 2022's 27.3%.
- Adjusted operating expenses of $128M, up 18% from Q3 2022.
For Q4 2023, management guided:
- Revenue of $300M to $350M. The Zacks Consensus Estimate for the quarter is currently $1.05B.
- Solar segment revenue of $275M to $320M.
- Adjusted gross margin of 5% to 8%.
- Solar segment gross margin of 7% to 10%.
- Adjusted operating expenses of $126M to $130M.
CEO Zvi Lando commented: “The results for Q3 fell short of our prior expectations and are reflecting a slow market environment, which has resulted in high inventory of our products in the distribution channels, in particular in Europe.
“While channel inventory clearing is expected to continue in coming quarters, we are optimistic about the future of the solar PV industry and are confident that our leading technology, global presence and broad product offering will enable us to continue to be a leader in this market.”
Brian Lee, a bottom 6% analyst from Goldman Sachs maintains SEDG with a hold rating and lowers their SEDG price target from $131.00 to $77.00, on Nov 3, 2023.
Mark Strouse, a top 9% analyst from JP Morgan maintains SEDG with a strong buy rating and lowers their SEDG price target from $215.00 to $90.00, on Nov 2, 2023.
Biju Perincheril, a bottom 5% analyst from Susquehanna maintains SEDG with a strong buy rating and lowers their SEDG price target from $186.00 to $128.00, on Nov 2, 2023.
Moses Sutton, a bottom 23% analyst from Exane BNP Paribas downgrades SEDG to a hold rating and announces their SEDG price target of $71.00, on Nov 2, 2023.
You can dig deeper into what analysts are projecting on the Solaredge Technologies stock forecast page.
SEDG Momentum
SEDG Performance Numbers
Last year, SEDG earnings were $217.54M. In the last five year, SEDG's earnings have grown by 5.15% per year. This was slower than the Solar industry average of 93.44%.
Last year, SEDG revenue was $3.55B. During the last five year, SEDG's revenue has increased by 32.7% per year. This was slower than the Solar industry average of 37.65%.
Dive into SEDG's earnings and revenue performance here.
Who is buying/selling SEDG?
Over the past year, insiders at SEDG have sold more shares than they have bought.
More Avery, Director of SEDG, was the latest SEDG insider to buy. They bought $35,720.00 worth of SEDG shares on Nov 9, 2023.
Dig into more about who owns SEDG shares here.
Does SEDG stock generate passive income?
No, Solaredge Technologies doesn't provide an income stream by paying out dividends.
Get analysis from other investors
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Place your SEDG trade
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually sufficient. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at an exact dollar amount limit, use a limit order.
Hit the Open Trade button and eToro will execute your order.
If you want additional help with buying stocks on eToro, watch the helpful video below:
Step 6: Get the latest news on your SEDG investment
Now that you own some SEDG stock, you'll want to stay up-to-date on your stock purchase.
Start a watchlist to track the latest developments regarding your SEDG stock.
SEDG Feed
How to Buy Stock in Solaredge Technologies
To reiterate, here are the 6 steps to buy Solaredge Technologies stock:
- Decide where to buy Solaredge Technologies stock
- Sign up for a brokerage account
- Deposit funds into your brokerage account
- Evaluate Solaredge Technologies stock
- Place your SEDG trade
- Get the latest news on your SEDG investment
If you require a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get the latest scoop on your new investment in Solaredge Technologies, create your watchlist below.
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