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About

SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. The company offers power optimizers, inverters, lithium-ion cells, batteries, storage solutions, electric vehicle chargers and software management of EV charging, smart energy products, smart trackers, and smart energy management software products; Monitoring platform, a cloud-based monitoring platform, which collects power, voltage, current temperature, and other data sent from inverters and power optimizers; and MySolarEdge app, that enables system owners to track their real-time system production and household energy consumption. It also provides SolarEdge Go app, a mobile application for installers, integrating installation, management, and service capabilities; Designer platform, a web-based tool that helps solar professionals to plan, build, simulate, and validate residential and commercial systems; Mapper application for registering the physical layout of new PV sites installed with DC optimized inverter systems; SetApp application, that activates and configurate inverters; and grid services. In addition, the company offers pre-sales support and ongoing training services, as well as technical support before, during, and after installation services. It serves solar installers; providers of solar PV systems to residential and commercial end users; key solar distributors; engineering, procurement, and construction firms; and electrical equipment wholesalers. SolarEdge Technologies, Inc. was incorporated in 2006 and is headquartered in Herzliya Pituach, Israel.

Fundamentals
Scroll to Statements
Sector Technology Industry Solar Market Cap 2.54B
Enterprise Value 2.49B Income -405.45M Sales 1.18B
Book/sh 7.08 Cash/sh 8.17 Dividend Yield —
Payout 0.00% Employees — IPO —
P/E — Forward P/E 22.52 PEG —
P/S 2.14 P/B 5.99 P/C —
EV/EBITDA -9.22 EV/Sales 2.10 Quick Ratio 0.95
Current Ratio 2.17 Debt/Eq 90.48 LT Debt/Eq —
EPS (ttm) -6.88 EPS next Y 1.88 EPS Growth —
Revenue Growth 96.40% Earnings 2026-05-05 ROA -7.82%
ROE -74.68% ROIC — Gross Margin 16.64%
Oper. Margin -14.30% Profit Margin -34.23% Shs Outstand 59.80M
Shs Float 59.60M Short Float 20.54% Short Ratio 4.04
Short Interest — 52W High 48.60 52W Low 11.00
Beta 1.65 Avg Volume 3.01M Volume 2.63M
Target Price $33.71 Recom Hold Prev Close $43.07
Price $42.45 Change -1.44%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$33.71
Mean price target
2. Current target
$42.45
Latest analyst target
3. DCF / Fair value
$68.98
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$42.45
Low
$17.00
High
$43.00
Mean
$33.71

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-20 main Wells Fargo Equal-Weight → Equal-Weight $36
2026-02-19 main Goldman Sachs Neutral → Neutral $36
2026-02-19 main RBC Capital Sector Perform → Sector Perform $32
2026-01-15 main Barclays Equal-Weight → Equal-Weight $39
2026-01-13 init Raymond James — → Market Perform —
2026-01-09 up TD Cowen Hold → Buy $38
2025-12-19 main Wells Fargo Equal-Weight → Equal-Weight $33
2025-12-18 main Citigroup Sell → Sell $29
2025-12-18 main Goldman Sachs Neutral → Neutral $31
2025-12-16 up Morgan Stanley Underweight → Equal-Weight $33
2025-11-14 main UBS Neutral → Neutral $40
2025-11-07 main Wells Fargo Equal-Weight → Equal-Weight $42
2025-11-06 main TD Cowen Hold → Hold $34
2025-11-06 main RBC Capital Sector Perform → Sector Perform $34
2025-11-06 main BMO Capital Underperform → Underperform $25
2025-10-21 main Citigroup Sell → Sell $30
2025-10-16 main Morgan Stanley Underweight → Underweight $25
2025-10-16 main JP Morgan Neutral → Neutral $29
2025-10-13 main Susquehanna Neutral → Neutral $40
2025-10-09 main Barclays Equal-Weight → Equal-Weight $36
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 22321 — — Stock Award(Grant) at price 0.00 per share. ALPEROVITZ ASAF Chief Financial Officer — 2026-01-02 00:00:00 D
1 90880 — — Stock Award(Grant) at price 0.00 per share. NIR YEHOSHUA Chief Executive Officer — 2026-01-02 00:00:00 D
2 22321 — — Stock Award(Grant) at price 0.00 per share. BECHOR URI Chief Operating Officer — 2026-01-02 00:00:00 D
3 17538 — — Stock Award(Grant) at price 0.00 per share. HUBER DANIEL Officer — 2026-01-02 00:00:00 D
4 20000 — — Stock Award(Grant) at price 0.00 per share. HUBER DANIEL Officer — 2025-09-15 00:00:00 D
5 23467 — — Stock Award(Grant) at price 0.00 per share. AVERY MORE Chairman of the Board — 2025-06-03 00:00:00 D
6 10767 — — Stock Award(Grant) at price 0.00 per share. GECHT GUY Director — 2025-06-03 00:00:00 D
7 10767 — — Stock Award(Grant) at price 0.00 per share. GROSS DANA REBECCA Director — 2025-06-03 00:00:00 D
8 10767 — — Stock Award(Grant) at price 0.00 per share. ALMOGY GILAD Director — 2025-06-03 00:00:00 D
9 10767 — — Stock Award(Grant) at price 0.00 per share. ATKINS BETSY S Director — 2025-06-03 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-55.05M-897.12K-24.35M-1.38M
TaxRateForCalcs0.210.210.210.10
NormalizedEBITDA-1.38B146.77M347.25M244.69M
TotalUnusualItems-262.16M-4.27M-115.97M-14.43M
TotalUnusualItemsExcludingGoodwill-262.16M-4.27M-115.97M-14.43M
NetIncomeFromContinuingOperationNetMinorityInterest-1.81B34.33M93.78M169.17M
ReconciledDepreciation59.87M57.20M49.68M39.53M
ReconciledCostOfRevenue1.78B2.27B2.27B1.33B
EBITDA-1.64B142.49M231.28M230.27M
EBIT-1.70B85.30M181.60M190.73M
NetInterestIncome15.67M14.84M581.00K-6.94M
InterestExpense8.08M4.20M4.45M3.51M
InterestIncome34.32M33.16M13.48M3.76M
NormalizedIncome-1.60B37.70M185.40M182.21M
NetIncomeFromContinuingAndDiscontinuedOperation-1.81B34.33M93.78M169.17M
TotalExpenses2.38B2.91B2.83B1.76B
TotalOperatingIncomeAsReported-1.71B40.20M166.12M207.14M
DilutedAverageShares57.09M57.24M55.16M55.97M
BasicAverageShares57.09M56.28M55.16M52.21M
DilutedEPS-31.640.601.653.06
BasicEPS-31.640.611.703.24
DilutedNIAvailtoComStockholders-1.81B34.33M95.98M171.30M
AverageDilutionEarnings0.000.002.20M2.13M
NetIncomeCommonStockholders-1.81B34.33M93.78M169.17M
NetIncome-1.81B34.33M93.78M169.17M
MinorityInterests0.00
NetIncomeIncludingNoncontrollingInterests-1.81B34.33M93.78M169.17M
NetIncomeContinuousOperations-1.81B34.33M93.78M169.17M
EarningsFromEquityInterestNetOfTax-1.90M-350.00K0.000.00
TaxProvision96.15M46.42M83.38M18.05M
PretaxIncome-1.71B81.10M177.16M187.22M
OtherIncomeExpense-247.61M-4.59M-108.69M-14.33M
OtherNonOperatingIncomeExpenses14.55M-318.00K7.29M99.00K
SpecialIncomeCharges-249.45M-30.79M-119.14M-1.35M
GainOnSaleOfPPE1.26M2.60M0.00
GainOnSaleOfBusiness0.00
OtherSpecialCharges1.79M
ImpairmentOfCapitalAssets249.45M30.79M119.14M2.21M
RestructuringAndMergernAcquisition0.000.00-859.00K
GainOnSaleOfSecurity-12.71M26.52M3.17M-13.08M
NetNonOperatingInterestIncomeExpense15.67M14.84M581.00K-6.94M
TotalOtherFinanceCost10.57M14.12M8.46M7.19M
InterestExpenseNonOperating8.08M4.20M4.45M3.51M
InterestIncomeNonOperating34.32M33.16M13.48M3.76M
OperatingIncome-1.48B70.85M285.26M208.49M
OperatingExpense599.17M632.97M559.39M420.83M
OtherOperatingExpenses10.08M524.00K-2.60M1.35M
ProvisionForDoubtfulAccounts17.53M144.00K0.00
ResearchAndDevelopment277.24M321.48M289.81M219.63M
SellingGeneralAndAdministration294.32M310.82M272.18M201.20M
SellingAndMarketingExpense146.87M164.32M159.68M119.00M
GeneralAndAdministrativeExpense147.46M146.50M112.50M82.20M
OtherGandA147.46M146.50M112.50M82.20M
SalariesAndWages0.00
GrossProfit-877.20M703.82M844.65M629.32M
CostOfRevenue1.78B2.27B2.27B1.33B
TotalRevenue901.46M2.98B3.11B1.96B
OperatingRevenue901.46M2.98B3.11B1.96B
Line Item2024-12-31
TreasurySharesNumber753.36K
OrdinarySharesNumber58.03M57.12M56.13M52.82M
ShareIssued58.78M57.12M56.13M52.82M
NetDebt401.70M288.91M91.45M
TotalDebt757.35M732.05M735.54M713.68M
TangibleBookValue600.30M2.33B2.13B1.12B
InvestedCapital1.33B3.04B2.80B1.93B
WorkingCapital993.23M2.41B2.01B1.19B
NetTangibleAssets600.30M2.33B2.13B1.12B
CapitalLeaseObligations81.04M104.67M111.09M92.15M
CommonStockEquity658.34M2.41B2.18B1.31B
TotalCapitalization988.35M3.04B2.80B1.93B
TotalEquityGrossMinorityInterest658.34M2.41B2.18B1.31B
StockholdersEquity658.34M2.41B2.18B1.31B
GainsLossesNotAffectingRetainedEarnings-76.48M-46.88M-73.11M-27.32M
OtherEquityAdjustments-76.48M-46.88M-73.11M874.00K
ForeignCurrencyTranslationAdjustments-45.90M-23.48M
UnrealizedGainLoss-25.45M-4.71M
TreasuryStock50.19M0.00
RetainedEarnings-1.03B778.17M743.84M650.06M
AdditionalPaidInCapital1.81B1.68B1.51B687.29M
CapitalStock6.00K6.00K6.00K5.00K
CommonStock6.00K6.00K6.00K5.00K
TotalLiabilitiesNetMinorityInterest1.97B2.18B2.09B1.59B
TotalNonCurrentLiabilitiesNetMinorityInterest930.77M1.28B1.20B1.07B
OtherNonCurrentLiabilities293.35M337.10M283.16M197.49M
EmployeeBenefits6.08M12.97M9.85M10.63M
NonCurrentPensionAndOtherPostretirementBenefitPlans6.08M12.97M9.85M10.63M
NonCurrentAccruedExpenses1.74M
TradeandOtherPayablesNonCurrent1.11M3.58M3.83M5.11M
NonCurrentDeferredLiabilities231.05M214.61M186.94M151.56M
NonCurrentDeferredRevenue231.05M214.61M186.94M151.56M
NonCurrentDeferredTaxesLiabilities156.00K
LongTermDebtAndCapitalLeaseObligation399.18M714.34M716.09M700.96M
LongTermCapitalLeaseObligation69.18M86.96M91.64M79.42M
LongTermDebt330.01M627.38M624.45M621.53M
LongTermProvisions193.68M
CurrentLiabilities1.04B893.23M889.72M525.18M
OtherCurrentLiabilities144.39M188.95M106.70M73.67M
CurrentDeferredLiabilities140.87M40.84M26.64M17.79M
CurrentDeferredRevenue140.87M40.84M26.64M17.79M
CurrentDebtAndCapitalLeaseObligation358.17M17.70M19.45M12.73M
CurrentCapitalLeaseObligation11.86M17.70M19.45M12.73M
CurrentDebt346.31M148.00K
OtherCurrentBorrowings346.31M148.00K
CurrentProvisions43.00K11.62M
PayablesAndAccruedExpenses397.65M645.74M736.93M409.37M
CurrentAccruedExpenses304.16M259.27M277.10M157.30M
Payables93.49M386.47M459.83M252.07M
OtherPayable11.24M
AccountsPayable93.49M386.47M459.83M252.07M
TotalAssets2.63B4.59B4.27B2.90B
TotalNonCurrentAssets595.89M1.28B1.37B1.19B
OtherNonCurrentAssets34.58M18.27M8.14M33.86M
DefinedPensionBenefit9.19M9.24M8.80M
NonCurrentDeferredAssets0.0080.91M44.15M27.57M
NonCurrentDeferredTaxesAssets0.0080.91M44.15M27.57M
NonCurrentNoteReceivables45.68M2.44M0.00
InvestmentsAndAdvances63.57M415.48M647.35M482.23M
InvestmentinFinancialAssets42.60M407.82M645.49M482.23M
AvailableForSaleSecurities42.60M407.82M645.49M482.23M
LongTermEquityInvestment20.98M7.65M1.86M
InvestmentsInOtherVenturesUnderEquityMethod20.98M7.65M1.86M
InvestmentsinAssociatesatCost7.65M1.86M
GoodwillAndOtherIntangibleAssets58.05M78.34M51.12M188.49M
OtherIntangibleAssets9.67M35.34M19.93M58.86M
Goodwill48.38M43.00M31.19M129.63M
NetPPE384.83M678.75M606.72M457.52M
AccumulatedDepreciation-190.25M-234.99M-184.53M-150.50M
GrossPPE575.09M913.74M791.25M608.02M
Leases110.38M96.73M85.15M73.99M
ConstructionInProgress34.95M88.08M47.17M112.04M
OtherProperties102.03M131.41M121.21M88.50M
MachineryFurnitureEquipment266.14M430.88M372.44M257.14M
BuildingsAndImprovements60.50M153.81M152.22M62.52M
LandAndImprovements1.09M12.82M13.07M13.83M
Properties0.000.000.000.00
CurrentAssets2.03B3.30B2.90B1.71B
OtherCurrentAssets239.03M190.41M87.25M105.95M
AssetsHeldForSaleCurrent60.50M0.00
RestrictedCash135.33M0.00
PrepaidAssets25.29M29.58M42.51M
Inventory645.90M1.44B729.20M380.14M
FinishedGoods433.52M1.08B202.54M118.89M
WorkInProcess3.11M20.89M23.41M13.86M
RawMaterials209.26M340.60M503.26M247.39M
Receivables342.38M780.83M1.06B527.38M
OtherReceivables181.95M102.99M147.60M71.04M
AccruedInterestReceivable7.51M6.24M
LoansReceivable0.0055.42M0.00
AccountsReceivable160.42M622.42M905.15M456.34M
AllowanceForDoubtfulAccountsReceivable-43.04M-16.40M-3.20M-2.63M
GrossAccountsReceivable203.46M638.83M908.35M458.96M
CashCashEquivalentsAndShortTermInvestments585.89M860.04M1.02B697.82M
OtherShortTermInvestments311.28M521.57M241.12M167.73M
CashAndCashEquivalents274.61M338.47M783.11M530.09M
CashEquivalents35.59M28.95M88.11M21.70M
CashFinancial239.02M309.52M695.00M508.39M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-431.48M-361.24M-138.06M64.88M
RepurchaseOfCapitalStock-50.19M0.000.00
RepaymentOfDebt-267.90M0.000.00-17.38M
IssuanceOfDebt329.21M0.000.000.00
IssuanceOfCapitalStock0.000.00650.53M0.00
CapitalExpenditure-118.16M-181.12M-169.34M-149.25M
InterestPaidSupplementalData36.00K
IncomeTaxPaidSupplementalData17.00M137.98M74.69M45.98M
EndCashPosition409.94M338.47M783.11M530.09M
BeginningCashPosition338.47M783.11M530.09M827.15M
EffectOfExchangeRateChanges-11.37M16.32M-15.82M-11.80M
ChangesInCash82.84M-460.96M268.85M-285.26M
FinancingCashFlow-20.13M-11.96M654.61M-15.18M
CashFlowFromContinuingFinancingActivities-20.13M-11.96M654.61M-15.18M
NetOtherFinancingCharges-31.25M-11.96M4.08M2.20M
ProceedsFromStockOptionExercised4.03M2.20M
NetCommonStockIssuance-50.19M0.00650.53M0.00
CommonStockPayments-50.19M0.000.00
CommonStockIssuance0.000.00650.53M0.00
NetIssuancePaymentsOfDebt61.31M0.000.00-17.38M
NetLongTermDebtIssuance61.31M0.000.00-17.38M
LongTermDebtPayments-267.90M0.000.00-17.38M
LongTermDebtIssuance329.21M0.000.000.00
InvestingCashFlow416.29M-268.89M-417.04M-484.21M
CashFlowFromContinuingInvestingActivities416.29M-268.89M-417.04M-484.21M
NetOtherInvestingChanges-10.06M-46.91M28.26M-1.22M
NetInvestmentPurchaseAndSale580.59M-16.21M-275.96M-317.09M
SaleOfInvestment834.02M280.19M231.21M262.28M
PurchaseOfInvestment-253.43M-296.40M-507.17M-579.38M
NetBusinessPurchaseAndSale-36.08M-24.65M0.00-16.64M
SaleOfBusiness1.31M24.36M0.00
PurchaseOfBusiness-36.08M-24.65M0.00-16.64M
NetIntangiblesPurchaseAndSale-10.00M-10.60M0.000.00
PurchaseOfIntangibles-10.00M-10.60M0.000.00
NetPPEPurchaseAndSale-108.16M-170.52M-169.34M-149.25M
PurchaseOfPPE-108.16M-170.52M-169.34M-149.25M
OperatingCashFlow-313.32M-180.11M31.28M214.13M
CashFlowFromContinuingOperatingActivities-313.32M-180.11M31.28M214.13M
ChangeInWorkingCapital224.02M-436.96M-389.88M-118.19M
ChangeInOtherWorkingCapital119.52M39.63M44.38M29.94M
ChangeInOtherCurrentLiabilities-101.37M117.11M105.19M60.52M
ChangeInOtherCurrentAssets15.80M16.52M14.88M
ChangeInPayablesAndAccruedExpense-206.96M-77.36M319.53M121.57M
ChangeInAccruedExpense78.55M-9.57M125.01M29.86M
ChangeInPayable-285.50M-67.80M194.52M91.71M
ChangeInAccountPayable-285.50M-67.80M194.52M91.71M
ChangeInPrepaidAssets-122.48M-92.07M-64.99M-39.44M
ChangeInInventory67.80M-737.22M-351.25M-43.05M
ChangeInReceivables451.71M296.43M-457.61M-247.72M
ChangesInAccountReceivables451.71M296.43M-457.61M-247.72M
OtherNonCashItems8.03M8.16M4.38M11.93M
StockBasedCompensation137.25M149.94M145.54M102.59M
AssetImpairmentCharge988.20M77.16M129.31M0.00
AmortizationOfSecurities9.31M9.46M
DeferredTax79.21M-43.07M-11.05M-12.04M
DeferredIncomeTax79.21M-43.07M-11.05M-12.04M
DepreciationAmortizationDepletion59.87M57.20M49.68M39.53M
DepreciationAndAmortization59.87M57.20M49.68M39.53M
AmortizationCashFlow7.90M7.65M9.10M10.18M
AmortizationOfIntangibles7.90M7.65M9.10M10.18M
Depreciation51.97M49.54M40.58M29.36M
OperatingGainsLosses-3.54M-26.88M9.53M21.13M
GainLossOnInvestmentSecurities-15.46M
NetForeignCurrencyExchangeGainLoss11.92M-26.88M9.53M21.13M
GainLossOnSaleOfBusiness-7.72M0.00
NetIncomeFromContinuingOperations-1.81B34.33M93.78M169.17M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for SEDG
Date User Asset Broker Type Position Size Entry Price Patterns