OversoldWe are still falling but the Donchian Channel has turned already and the MAs are beginning to hint for a light oversold condition already. As we have fallen so deeply for over a year now the risk for further deep declines are smaller now.
Next report date
Report period
Q1 2024
EPS estimate
−1.44EUR
Revenue estimate
181.12 MEUR
0.59EUR
31.10 MEUR
2.70 BEUR
56.60 M
About SolarEdge Technologies, Inc.
Sector
Industry
CEO
Zvi Lando
Website
Headquarters
Herzliya
Employees (FY)
5.63 K
Founded
2006
FIGI
BBG008F55VB8
SolarEdge Technologies, Inc. engages in the development of energy technology, which provides inverter solutions. The firm operates through the following segments: Solar and All Other. The Solar segment includes the design, development, manufacturing, and sales of an inverter solution designed to maximize power generation. The All Other segment includes the design, development, manufacturing and sales of UPS products, energy storage products, e-Mobility products, and automated machines. Its products and services include photovoltaic inverters, power optimizers, photovoltaic monitoring, software tools, and electric vehicle chargers. The company was founded by Guy Sella, Lior Handelsman, Yoav Galin, Meir Adest, and Amir Fishelov in 2006 and is headquartered in Herzliya, Israel.
We will wait to June or July for SEDG!!!1) I drew Resistance line on RSI Indicator.
2) I drew Resistance line on Momentum Indicator.
3) I drew Resistance line on CCI Indicator.
4) I drew Resistance line on MACD Indicator.
SEDG will come back soonSEDG will come back soon:
-Successful shakeout.
-Wedge pattern.
-Voume confirm.
SEDG - BullishFor a while now SEDG has been consolidating. Mid March, the price tried to take the lows out however it failed. EMAs crossing now and momentum picking up to the upside.
Risk responsibly. Good luck
ResistanceAfter the short from March 7th until March 20th we saw a rebounce. It has reached more than 50 % retracement now and I think that it is worth to play the downside again.
Decline RetracedWe have retraced the mid February decline by 38 % now. Close to an open downward window with a channel that has turned downward already I assume that we will leave the recent trading range to the downside soon.
Broad BottomWe have reached a 6 year old bottom now. There is room for a bigger correction.
Whether this will take place immediately is not sure. At least the likelihood for a rise is bigger now.
SEDG under pressure NASDAQ:SEDG
Solar industry still under big pressure, because of Hi Interest Rates!
Break of 63.5 Level can cause a huge drop, a 50 % drop is possible!
In my opinion this scenario is very likely, considering the entire solar industry is under pressure
SEDG forming double bottomsReasons for bullish bias:
- Price is at strong support
- Price formed double bottoms on weekly
- Entry at neckline breakout for further confirmation
- Strong bullish divergence
Entry Level(Buy stop): 106.25
Stop Loss Level: 58.17
Take Profit Level 1: 154.33
Take Profit Level 2: Open
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Frequently Asked Questions
Depending on the exchange, the stock ticker may vary. For instance, on FWB exchange SOLAREDGE TECHNOLOGIES INC stocks are traded under the ticker 2ED.
SOLAREDGE TECHNOLOGIES INC is going to release the next earnings report on May 8, 2024. Keep track of upcoming events with our Earnings Calendar.
2ED earnings for the last quarter are −0.52 EUR per share, whereas the estimation was 0.80 EUR resulting in a −164.90% surprise. The estimated earnings for the next quarter are −1.21 EUR per share. See more details about SOLAREDGE TECHNOLOGIES INC earnings.
SOLAREDGE TECHNOLOGIES INC revenue for the last quarter amounts to 686.13 M EUR despite the estimated figure of 727.65 M EUR. In the next quarter revenue is expected to reach 292.86 M EUR.
Yes, you can track SOLAREDGE TECHNOLOGIES INC financials in yearly and quarterly reports right on TradingView.
2ED net income for the last quarter is −147.12 M EUR, while the quarter before that showed −57.87 M EUR of net income which accounts for −154.22% change. Track more SOLAREDGE TECHNOLOGIES INC financial stats to get the full picture.
No, 2ED doesn't pay any dividends to its shareholders. But don't worry, we've prepared a list of high-dividend stocks for you.
Like other stocks, 2ED shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade SOLAREDGE TECHNOLOGIES INC stock right from TradingView charts — choose your broker and connect to your account.
As of May 3, 2024, the company has 5.63 K employees. See our rating of the largest employees — is SOLAREDGE TECHNOLOGIES INC on this list?
We've gathered analysts' opinions on SOLAREDGE TECHNOLOGIES INC future price: according to them, 2ED price has a max estimate of 115.97 EUR and a min estimate of 31.29 EUR. Watch 2ED chart and read a more detailed SOLAREDGE TECHNOLOGIES INC stock forecast: see what analysts think of SOLAREDGE TECHNOLOGIES INC and suggest that you do with its stocks.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. SOLAREDGE TECHNOLOGIES INC EBITDA is 175.23 M EUR, and current EBITDA margin is 6.63%. See more stats in SOLAREDGE TECHNOLOGIES INC financial statements.