# SolarEdge Technologies, Inc. (SEDG)

> Source: Nexqual · https://nexqual.com/SEDG · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, SolarEdge Technologies, Inc. (SEDG), nexqual.com/SEDG" · informational, not investment advice.

**Price:** USD 32.94 (-0.75% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 33.19 · day 31.7–33.36 · 52w 28.21–81.25 · market cap $2.03B · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $1.33B, net income -$270M (-20.3% margin), free cash flow $90.0M (SEC filings).
- 1 of 80 tracked superinvestors hold SEDG (13F, Q2 2026): 1 new, 0 added, 0 reduced, 0 unchanged.
- Total return with dividends: 1Y -12.9% vs S&P 500 +14.9%; 5Y -89.1% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 0.04, revenue estimate $327M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.96B | $3.11B | $2.98B | $901M | $1.18B | $1.33B |
| Gross profit | $629M | $845M | $704M | -$877M | $196M | — |
| Operating income | $207M | $166M | $40.2M | -$1.71B | -$302M | -$155M |
| Net income | $169M | $442M | $34.3M | -$1.81B | -$405M | -$270M |
| EPS (diluted) | $3.06 | $1.65 | $0.60 | -$31.64 | -$6.88 | — |
| Free cash flow | $64.9M | -$138M | -$351M | -$421M | $80.8M | $90.0M |
| Gross margin | 32.0% | 27.2% | 23.6% | -97.3% | 16.6% | — |
| Operating margin | 10.5% | 5.3% | 1.4% | -189.5% | -25.5% | -11.6% |
| Net margin | 8.6% | 14.2% | 1.2% | -200.4% | -34.2% | -20.3% |
| Revenue growth | +34.6% | +58.4% | -4.3% | -69.7% | +31.4% | — |
| Cash + short-term investments | $698M | $1.02B | $860M | $586M | $493M | — |
| Total debt | $622M | $624M | $627M | $330M | $332M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 1.5x · EV/Sales 1.4x · P/FCF 22.5x · P/B 4.9x · FCF yield 4.44% · Earnings yield -13.34% · Net cash $215M · EV $1.81B
P/E at fiscal year-ends: Dec 2023 156.1x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold SEDG. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Viking Global | Viking Global Investors | 0.18% | $63.6M | New position |

## Analysts
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-21 | BMO Capital | Target lowered | Underperform | $31 → $28 |
| 2026-10-19 | JP Morgan | Target lowered | Neutral | $44 → $38 |
| 2026-10-14 | Susquehanna | Target lowered | Neutral | $38 → $32 |
| 2026-10-07 | Barclays | Target lowered | Equal-Weight | $37 → $36 |
| 2026-09-21 | Citigroup | Target raised | Sell | $25 → $30 |
| 2026-09-11 | Morgan Stanley | Target lowered | Equal-Weight | $35 → $33 |
| 2026-09-11 | Mizuho | Target raised | Neutral | $38 → $40 |
| 2026-09-11 | JP Morgan | Target raised | Neutral | $37 → $44 |
| 2026-09-11 | RBC Capital | Target raised | Sector Perform | $24 → $30 |
| 2026-08-26 | UBS | Upgrade | Neutral → Buy | $36 → $42 |
| 2026-08-06 | RBC Capital | Target lowered | Sector Perform | $30 → $24 |
| 2026-08-06 | Barclays | Target lowered | Equal-Weight | $53 → $37 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -12.9% | -89.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -12.9% | -35.8% |
| Volatility (annualized) | 98.1% | 83.8% |
| Max drawdown | -62.0% (Jun 2026→Aug 2026) | -97.1% (Nov 2021→Nov 2024) |

## Peers (Solar)
RUN (Sunrun Inc.) USD 7.7 +1.05% · SHLS (Shoals Technologies Group, Inc.) USD 7.73 -2.83% · ENPH (Enphase Energy, Inc.) USD 31.35 -2.00% · CSIQ (Canadian Solar Inc.) USD 9.22 -6.21% · ARRY (Array Technologies, Inc.) USD 3.3 -3.23% · JKS (JinkoSolar Holding Company Limi) USD 8.14 +0.12%

## More
Full page: https://nexqual.com/SEDG · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)


Other companies that name SEDG in their own reports (relationship from SEDG's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| customer | Enovix Corp (ENVX) | 10-K 2026-02-25 | "As our operations expanded, we invested in additional manufacturing capacity, including the construction of a high-volume production facility in Malaysia for our second production line ("Fab2"), the a…" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.04 | $0.25 | -85.4% | $327.0M | 20 |
| Next quarter (ends 2026-12-31) | $-0.01 | $0.25 | -105.3% | $317.7M | 19 |
| Current fiscal year (ends 2026-12-31) | $-0.35 | $0.09 | -507.7% | $1.30B | 22 |
| Next fiscal year (ends 2027-12-31) | $0.80 | $1.56 | -48.4% | $1.43B | 22 |