SEDG News

Shares of solar energy supplier SolarEdge Technologies (NASDAQ: SEDG) jumped 43.3% in April, according to data provided by S&P Global Market Intelligence, recovering most of what the company lost when shares lost 34% of their value. This week SolarEdge announced first-quarter 2020 earnings, and it was the first concrete news on which investors had to evaluate the company.

SunPower's (SPWR) first-quarter top line improves 10.4% year over year on higher sales of solar power systems, components and solar services.

SolarEdge (SEDG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Canadian Solar (CSIQ) Q1 top line is likely to have improved on a year-over-year basis, driven by sale proceeds from project monetization.

SolarEdge Technologies' (SEDG) operating expenses increase 24.3% year over year in the first quarter due to higher research and development, and sales and marketing expenses.

Israel-based SolarEdge (NASDAQ: SEDG) is the gift that keeps on giving. Although SolarEdge languished for a few years, the stock has been on a meteoric rise since about March 2019. It's perfectly understandable to be hesitant to buy SolarEdge after its recent rise, but at the very least you should consider adding the company to your watch list.

Everybody's talking about oil right now: oil stocks, oil prices, oil tankers stuck offshore because there's no room for their cargo in storage. Rather than investing in the oil industry, which everyone's talking about, you might want to consider putting your money into stocks that nobody's talking about.

SolarEdge's biggest competitor just announced solid results, and short-sellers are looking to get out.

SolarEdge Technologies (NASDAQ:SEDG) shares have had a really impressive month, gaining 32%, after some slippage...

Q1 2020 Solaredge Technologies Inc Earnings Call

SunPower has been around much longer and has a big money supporter, but SolarEdge has proven to be the more lucrative business.

SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy, today announced its financial results for the first quarter ended March 31, 2020.

Shares in SolarEdge Technologies Ltd. (SEDG) plunged 13% as the solar energy company sees weaker revenue in the second quarter due to the economic impact of the coronavirus pandemic.SolarEdge Technology expects revenues in the second quarter to fall in the range of $305 million to $335 million, which is below analysts’ consensus of $356 million. The weaker outlook comes as the company posted record sales in the first three months of the year, jumping 58.6% to $431.2 million beating analysts’ consensus of $422 million.Diluted earnings per share in the first quarter increased to $0.95 from $0.64 in the same quarter last year but missed market estimates of $1.07.“The first quarter of 2020 was an exceptional one with record revenues of more than $430 million,” said Zvi Lando, CEO of SolarEdge. “The evolving impact of, and responses to, the COVID-19 pandemic on economies around the world, including all of the company’s markets, is unprecedented.”SolarEdge shares dropped 13% to $109.69 in early afternoon U.S. trading, after soaring 24% over the past month.Canaccord Genuity analyst Jonathan Dorsheimer downgraded SolarEdge’s stock to Hold from Buy and lowered its price target to $128 from $156.“With the shares less than 12% off historical highs and visibility worsening from the global pandemic, we just cannot justify a valuation that would support our Buy rating,” Dorsheimer wrote in a note to investors. “As such, we are moving to HOLD and setting a price target of $128, which is based on applying a rich 30x multiple to our 2021E EPS of $4.27.”Overall, Wall Street analysts have a Moderate Buy consensus rating divided into 7 Holds and 6 Buys. The $126.91 average price target implies 16% upside potential for the shares in the coming 12 months. (See SolarEdge Technologies stock analysis on TipRanks).Cash flow from operating activities increased to $107.7 million in the first quarter from $56.5 million in the same quarter last year. As of March 31, SolarEdge had $558.7 million in cash, cash equivalents, bank deposits, restricted bank deposit and marketable securities compared to $467.5 million on December 31.Related News: Fitch Cuts GM’s Rating to Just Above Junk Due to Prolonged Virus Recovery  Cash-Strapped Norwegian Cruise Line Spikes on $2.2 Billion Lifeline Square Dips as Quarterly Loss Almost Triples Due to Virus Pandemic More recent articles from Smarter Analyst: * Tesla Gets County Nod to Reopen California Auto Plant - Report * Amazon’s Response To Judiciary Committee ‘Unacceptable’ Tweets Jerry Nadler * President Trump Takes Aim at Digital Tech Giants From Google to Twitter * Soros Fund Ramps Up Peloton Stake, Exits JP Morgan

First Solar (FSLR) reports an operating income of $1.65 million for the first quarter of 2020, primarily attributable to a significantly higher gross profit.

SolarEdge (SEDG) delivered earnings and revenue surprises of -14.17% and 3.28%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Bullish chart patterns in the alternative energy sector suggest that prices are in the early stages of a long-term uptrend.

Shares of SolarEdge Technologies (NASDAQ: SEDG) fell as much as 16.5% on Thursday after the company announced first-quarter results. Quarterly revenue was up 59% versus a year ago to $431.2 million, but non-GAAP net income increased 54% to $50.7 million, or $0.95 per share. The solar business is deteriorating even more quickly than expected, and that's what's hurting the stock.

Solar companies' earnings came in upbeat-to-mixed in Q1, which facilitated a super rally in the pure-play fund past week.

Welcome to the SolarEdge conference call for the first quarter ended March 31, 2020. This call is the sole property and the copyright of SolarEdge, with all rights reserved and any recording, reproduction or transmission of this call without the expressed written consent of SolarEdge is prohibited. You may listen to a webcast replay of this call by visiting the event calendar page of the SolarEdge Investor website.

Shares of solar energy microinverter maker Enphase Energy (NASDAQ: ENPH) tumbled more than 10% in early trading Thursday before climbing back to about a 6.6% loss as of 1:45 p.m. EDT. The stock's slide followed a report Wednesday that investor research firm Institutional Shareholder Services EVA had downgraded Enphase rival SolarEdge Technologies (NASDAQ: SEDG) from buy to overweight. True, "solar stocks" sometimes trade in tandem, for example, when tariffs are raised or lowered on imported solar panels.