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Maker of DC-optimized solar inverter and power-optimizer systems for residential and commercial solar installations.
Maker of DC-optimized solar inverter and power-optimizer systems for residential and commercial solar installations.
Sells optimizers and inverters together as one system, mostly through distributors to installers, so each rooftop job pulls through both. Rooftop solar for homes, mainly in the US and Europe, carries the business, and sales swing with installers' stock levels and subsidy rules. It has been adding US manufacturing.
Moat: narrow (IP / patents, installed base). Power-optimizer architecture patents and an installed base of installer relationships.
Headquarters: Herzliya, Israel · Founded: 2006 · Employees: 3,576
Size SolarEdge Technologies (SEDG) is a United States Information Technology company (Electrical Products) with a market value of $1.69B, the 1907th largest of 3,117 United States companies the cockpit tracks. Shares closed at $27.51 on 6 Nov 2026.
Performance Over six months the shares fell 33.4%, against -32.4% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd lowest of 6 in its peer set.
Growth Revenue grew 26.1% over the last twelve months (peer median +17.7%); the operating margin is -6.0% (peer median 11.8%).
Valuation It trades at 1.1× enterprise value to sales against a peer median of 2.1× (cheapest of 6).
Price implies For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is -4%, so the hurdle is +16 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 38.9 points below its cost of capital (10.3% WACC).
Credit SolarEdge Technologies has 1 bond outstanding ($337M).
Short interest Short interest is 18.2% of the free float (15 Oct 2026).
Next results Next results expected around 16 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.32B | $1.18B | $901M | $2.98B | $3.11B |
| Revenue growth | — | +31% | -70% | -4% | — |
| Gross profit | $345M | $181M | -$837M | $765M | $845M |
| EBITDA | -$59.5M | -$220M | -$1.36B | $197M | $339M |
| Net income | -$229M | -$405M | -$1.81B | $34.3M | $93.8M |
| Free cash flow | $75.0M | $80.8M | -$421M | -$351M | -$138M |
| Capital expenditure | $33.8M | $23.5M | $118M | $181M | $169M |
| Total debt | $392M | $404M | $761M | $735M | $736M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| SolarEdge Technologies SEDG | $1.69B | -33% | +26% | -6% | 1.1× | 11.4% |
| Enphase Energy ENPH | $3.77B | -22% | -20% | 13% | 2.9× | 18.7% |
| Sungrow Power Supply 300274.SZ | $25.3B | -40% | -24% | 12% | 2.4× | 12.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SEDG | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.3% | -13.5% | 3rd lowest of 6 |
| 6-month return | -33.4% | -32.4% | 3rd lowest of 6 |
| Distance from 52-week high | -66.1% | -61.4% | 3rd lowest of 6 |
| Revenue growth (TTM) | +26.1% | +17.7% | 3rd highest of 6 |
| Operating margin | -6.0% | 11.8% | 3rd lowest of 6 |
| EV / Sales | 1.1× | 2.1× | cheapest of 6 |
| Growth the price implies (Req g, 7 yrs) | 11.4% | 10.3% | 2nd most demanding of 4 |
| Growth delivered (Del g) | -4.1% | +12.9% | lowest of 4 |
| Hurdle (Req g minus delivered) | +15.5 pp | +2.5 pp | most demanding of 4 |
| ROIC minus cost of capital | -38.9 pp | -3.6 pp | 2nd lowest of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| SolarEdge Technologies SEDG | United States | $1.69B | -33% | +26% | -6% | 1.1× | 11.4% | -4.1% |
| Xinyi Solar 0968.HK | Hong Kong | $2.48B | -32% | -25% | 13% | 1.7× | 0.7% | +12.9% |
| POET Technologies POET | United States | $877M | -54% | +266% | -3,625% | 51.9× | n/a | n/a |
| Enphase Energy ENPH | United States | $3.77B | -22% | -20% | 13% | 2.9× | 18.7% | +13.7% |
| Belden BDC | United States | $3.83B | -13% | +18% | 12% | 2.1× | 10.3% | +7.8% |
| TE TE | United States | $707M | -62% | +427% | -17% | 1.4× | n/a | n/a |
SolarEdge Technologies has 1 bond outstanding with $337M face value.