Solaredge Technologies Inc Stock Price, News & Analysis

SolarEdge Technologies, Inc. (NASDAQ: SEDG) reported record revenues of $526.4 million for Q3 2021, a 10% increase quarter-over-quarter and a 56% rise year-over-year. Solar segment revenues reached $476.8 million, marked by a GAAP gross margin of 32.8%. GAAP net income rose to $53.0 million, with GAAP net diluted EPS at $0.96. Despite challenges like a 12-week shutdown in Vietnam, the company ends the quarter with a strong backlog. Guidance for Q4 2021 anticipates revenues between $530 million and $560 million.

SolarEdge Technologies (NASDAQ: SEDG) announces the launch of its SolarEdge Energy Bank battery and Energy Hub inverters in North America. The Energy Bank battery features a 94.5% round-trip efficiency and provides up to 87kWh of backup capacity, while the inverters offer power ratings from 7.6kW to 11.4kW. Both products form part of the new SolarEdge Home ecosystem, designed to enhance solar energy management. The company emphasizes the importance of reliable home backup power solutions amid growing demand.

SolarEdge Technologies, Inc. (NASDAQ: SEDG) will announce its third-quarter 2021 financial results after market close on November 2, 2021. A conference call to discuss the results will take place at 4:30 PM ET on the same day. Interested parties can join by dialing 800-635-7637 (U.S./Canada) or +1 334-777-6980 (international). The call will also be available via a live webcast on SolarEdge's Investor Relations website. A replay will be accessible shortly after the call and remain available for approximately 30 days.

SolarEdge Technologies (NASDAQ: SEDG) reported strong financial results for Q2 2021, achieving revenues of $480.1 million, an 18% increase from Q1 and a 45% increase year-over-year. The solar segment revenue reached $431.5 million, up 15% from the previous quarter. GAAP net income was $45.1 million with diluted EPS of $0.82. For Q3 2021, the company anticipates revenues between $520 million and $540 million, and expects non-GAAP gross margin between 32% and 34%.

Sunnova Energy International (NYSE: NOVA) announces a partnership with National Grid (NYSE: NGG) and SolarEdge (NASDAQ: SEDG) to enhance power quality in New England using its solar and storage assets. This collaboration aims to deliver over 150 GWh of clean energy annually, improving grid efficiency and reliability. The initiative supports National Grid’s Net Zero by 2050 goal and demonstrates the value of distributed energy resources (DERs) in reducing costs for consumers while ensuring efficient power delivery.

SolarEdge Technologies, Inc. (Nasdaq: SEDG) will announce its Q2 2021 financial results on August 2, 2021, after market close. A conference call hosted by management will follow at 4:30 PM ET to discuss the results. Interested parties can join the call via toll-free and international numbers provided in the press release. Additionally, a live webcast will be accessible in the Investor Relations section of their website, with a replay available for 30 days post-call. This announcement emphasizes SolarEdge's commitment to keeping its investors informed.

SolarEdge Technologies reported Q1 2021 revenues of $405.5 million, reflecting a 13% increase from Q4 2020 but a 6% decrease year-over-year. Solar product sales contributed $376.4 million, a 15% rise sequentially and 8% decline from last year. GAAP net income reached $30.1 million with a GAAP EPS of $0.55, while non-GAAP figures were $55.5 million and $0.98 respectively. The company expects Q2 2021 revenues between $445 million and $465 million.

SolarEdge Technologies (NASDAQ: SEDG) has announced the appointment of Ms. Betsy Atkins to its board of directors, effective June 1, 2021. This unanimous decision by the board highlights her extensive experience, having served on various public company boards, including Wynn Resorts and SunPower Corporation. Her broad perspective on energy is expected to contribute to SolarEdge's growth as a leader in smart energy solutions. Chairman Nadav Zafrir expressed confidence in her leadership, aligning with the company’s mission of innovation in the energy sector.

SolarEdge Technologies (NASDAQ: SEDG) will report its first quarter 2021 financial results on May 3, 2021, after the market closes. The management will host a conference call at 4:30 P.M. ET the same day to discuss these results.

Investors can participate in the live call by dialing 800-367-2403 (toll-free in the U.S.) or +1 334-777-6978 (international). A live webcast will also be available on SolarEdge's Investor Relations website, with a replay accessible two hours post-call for 30 days.