Solaredge Technologies Inc Stock Price, News & Analysis

SolarEdge Technologies has announced plans for a registered public offering of 2,000,000 shares of its common stock, subject to market conditions. The company may grant underwriters a 30-day option to purchase an additional 300,000 shares. Proceeds from the offering will be used for general corporate purposes, potentially including acquisitions, although no specific agreements are in place at this time. The offering will be conducted under an existing shelf registration with the SEC.

SolarEdge Technologies (SEDG) reported record revenues of $551.9 million for Q4 2021, a 54% increase year-over-year. The solar segment contributed $502.7 million, reflecting strong demand. GAAP net income for the quarter was $41.0 million, with a GAAP diluted EPS of $0.74. For the full year, revenues reached $1.96 billion, marking a 34.6% increase from 2020. However, gross margins showed a decline, with a GAAP gross margin of 32.0%. The company forecasts Q1 2022 revenues between $615 million and $645 million.

SolarEdge Technologies, Inc. (SEDG) will release its fourth-quarter and full-year financial results on February 15, 2022, after market close. Management will hold a conference call at 4:30 PM ET on the same day to discuss the results. The call will be accessible via a toll-free number for the U.S./Canada and an international line. A live webcast will also be available on the Investor Relations section of SolarEdge’s website, with a replay accessible for approximately 30 days post-call.

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.