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 $56.61, down 2.16% from the previous day, and has decreased 81.69% in one year. It has underperformed other stocks in the Solar industry by 0.26 percentage points. Solaredge Technologies stock is currently +5.64% from its 52-week low of $53.59, and -82.05% from its 52-week high of $315.34.
At the moment, there are 57.13M SEDG shares outstanding. The market cap of SEDG is $3.23B. In the past 24 hours, 1.89M 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.
Our preferred brokerage: eToro
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Get $10 towards your purchase of shares by opening an account with eToro today.
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 92.8x, relative to Solar industry P/E ratio of 30.94x
- SEDG may be undervalued based on its P/B ratio of 1.34x, relative to Solar industry P/B ratio of 2.42x
- SEDG may be undervalued based on its PEG ratio of 0.52x
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 350636000. It has enough cash and short-term investments to cover this for at least one year.
- There are more short-term assets than short-term liabilities on the SEDG balance sheet.
- There are more short-term assets than long-term liabilities on the SEDG balance sheet.
- SEDG has $860.04M in cash and short term investments. This is enough to cover its annual cash burn of $350.64M.
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 0.9.
- SEDG profit margin has gone down from 3% to 1.2% in the past year.
Is SEDG stock a Buy, Hold, or Sell, according to analysts?
Out of 19 Wall Street analysts who monitor SEDG, the consensus analyst rating on SEDG is a Hold
Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Latest SEDG Analyst Ratings
Kashy Harrison, a bottom 1% analyst from Piper Sandler maintains SEDG with a hold rating and lowers their SEDG price target from $77.00 to $73.00, on Mar 11, 2024.
Jordan Levy, a bottom 3% analyst from Truist Securities maintains SEDG with a hold rating and lowers their SEDG price target from $80.00 to $75.00, on Feb 22, 2024.
Praneeth Satish, a top 31% analyst from Wells Fargo maintains SEDG with a hold rating and lowers their SEDG price target from $91.00 to $81.00, on Feb 22, 2024.
Tristan Richardson, a bottom 3% analyst from ScotiaBank maintains SEDG with a hold rating and lowers their SEDG price target from $93.00 to $90.00, on Feb 21, 2024.
Vikram Bagri, a bottom 4% analyst from Citigroup maintains SEDG with a hold rating and lowers their SEDG price target from $89.00 to $83.00, on Feb 21, 2024.
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 $34.33M. In the last five year, SEDG's earnings have grown by -26.53% per year. This was slower than the Solar industry average of 16.48%.
Last year, SEDG revenue was $2.98B. During the last five year, SEDG's revenue has increased by 26% per year. This was faster than the Solar industry average of 24.15%.
Dive into SEDG's earnings and revenue performance here.
Who is buying/selling SEDG?
Over the past year, insiders at SEDG have bought more shares than they have sold.
More Avery, Director of SEDG, was the latest SEDG insider to buy. They bought $474,250.00 worth of SEDG shares on Feb 29, 2024.
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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