SolarEdge Technologies Inc
SEDGBuild a strategy around SEDG
SolarEdge Technologies Inc AI Insights
Informational only. Not investment advice.Snapshot
- Gross margin collapsed to 0.9% TTM vs industry median 41.6% - cost structure broken with 1.04B cost on 1.05B revenue[Gross Margin TTM]
- 531M inventory (51% of current assets) vs 286M receivables signals demand destruction and potential write-down risk[Inventory]
- ROE of -78% TTM with equity eroding to 480M - burning through capital at unsustainable rate[Return on Equity TTM]
Watch Triggers
- Gross Margin TTM: Recovery above 10% — Signals pricing power return and inventory clearing without fire-sale losses
- Inventory: Decline below 400M without impairment — Indicates demand recovery vs forced liquidation - key to survival thesis
- Cash and Equivalents: Falls below 300M — Triggers capital raise or strategic sale discussion within 6-9 months
Bull Case
P/S of 1.67x vs industry median 3.0x prices in significant distress - any margin recovery creates upside leverage
Positive FCF of 63M TTM despite losses suggests working capital can fund near-term survival while restructuring
Bear Case
Operating margin -45% TTM with 232M R&D spend - must cut core capabilities or continue burning cash
Inventory of 531M at risk of obsolescence in fast-moving solar tech - potential 200M+ write-down
Bull vs Bear Balance
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Forward Thesis
Cash runway of 12-18 months without turnaround - restructuring or capital raise likely
- 440M cash vs -471M operating loss TTM
- 63M positive FCF TTM masks working capital liquidation
- 416M debt with 87% debt-to-equity
Revenue stabilization requires gross margin recovery above 15% - currently at 0.9%
- R&D spend of 232M (22% of revenue) unsustainable at current margins
- 3Y revenue CAGR -26% shows structural decline
- Industry median gross margin 41.6%
Valuation Context
Caveats
SEDG Fundamentals
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$3.48B | — | ||
$3.44B | — | ||
0.00 | — | ||
$1.28B | +39.2% | — | |
$-6.13 | — | ||
-13.7% | +139.8% | — | |
-28.6% | +162.1% | — | |
$77.81M | — | ||
-72.5% | +50.8% | — | |
Beta 5Y (Monthly) | unknown | — |
SEDG Dividend History
SEDG Stock Splits
SEDG SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
05/07/26 | 03/31/26 | 10-Q | |
02/25/26 | 12/31/25 | 10-K | |
11/06/25 | 09/30/25 | 10-Q | |
08/07/25 | 06/30/25 | 10-Q | |
05/08/25 | 03/31/25 | 10-Q | |
02/25/25 | 12/31/24 | 10-K | |
11/07/24 | 09/30/24 | 10-Q | |
08/07/24 | 06/30/24 | 10-Q | |
05/09/24 | 03/31/24 | 10-Q | |
02/26/24 | 12/31/23 | 10-K | |
11/06/23 | 09/30/23 | 10-Q | |
08/07/23 | 06/30/23 | 10-Q | |
05/08/23 | 03/31/23 | 10-Q | |
02/22/23 | 12/31/22 | 10-K | |
11/08/22 | 09/30/22 | 10-Q | |
08/04/22 | 06/30/22 | 10-Q | |
05/04/22 | 03/31/22 | 10-Q | |
02/22/22 | 12/31/21 | 10-K | |
11/03/21 | 09/30/21 | 10-Q | |
08/04/21 | 06/30/21 | 10-Q | |
05/04/21 | 03/31/21 | 10-Q | |
02/19/21 | 12/31/20 | 10-K | |
11/04/20 | 09/30/20 | 10-Q | |
08/06/20 | 06/30/20 | 10-Q | |
05/07/20 | 03/31/20 | 10-Q | |
02/27/20 | 12/31/19 | 10-K | |
11/07/19 | 09/30/19 | 10-Q | |
08/08/19 | 06/30/19 | 10-Q | |
05/10/19 | 03/31/19 | 10-Q | |
02/28/19 | 12/31/18 | 10-K | |
11/02/18 | 09/30/18 | 10-Q | |
08/03/18 | 06/30/18 | 10-Q | |
05/10/18 | 03/31/18 | 10-Q | |
02/20/18 | 12/31/17 | 10-K | |
11/08/17 | 09/30/17 | 10-Q | |
08/03/17 | 06/30/17 | 10-Q | |
05/10/17 | 03/31/17 | 10-Q | |
11/09/16 | 09/30/16 | 10-Q | |
08/17/16 | 06/30/16 | 10-K | |
05/10/16 | 03/31/16 | 10-Q | |
02/08/16 | 12/31/15 | 10-Q | |
11/06/15 | 09/30/15 | 10-Q | |
08/20/15 | 06/30/15 | 10-K | |
05/08/15 | 03/31/15 | 10-Q | |
03/26/15 | 12/31/14 | 424B4 | |
11/06/15 | 09/30/14 | 10-Q | |
02/21/17 | 06/30/14 | 10-KT | |
03/26/15 | 06/30/14 | 424B4 | |
05/08/15 | 03/31/14 | 10-Q |