Solaredge Technologies Inc (OQ:SEDG)

Business Focus: Photovoltaic Solar Systems & Equipment

Sector:  Energy Industry:  Renewable Energy Equipment & Services
 
See Regulatory Filings on SEC
Company Contact
Address: 1 HaMada St., POB 12001
HERZLIYA 4672505
Tel: 1-617-5426180
Website: https://www.solaredge.com
IR: See website
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Key People
Zvi Lando
Chief Executive Officer, Director
Ronen Faier
Chief Financial Officer
Uri Bechor
Chief Operating Officer
Yogev Barak
Chief Marketing Officer
Rachel Carlysle Prishkolnik
Vice President, General Counsel, Corporate Secretary
Shuli Shaharabni Ishai
Vice President of Global Human Resources
Liron Har Shai
Vice President - Research & Development
Meir Adest
Chief Product Officer
 
Business Overview
SolarEdge Technologies, Inc. offers an inverter solution for a solar photovoltaic (PV) system. The Company's products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. Its product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management. The Company's power optimizers provide module-level maximum power point (MPP) tracking and real-time adjustments of current and voltage to the optimal working point of each individual PV module. The Company's solution consists of a direct current (DC) power optimizer, an inverter and a cloud-based monitoring platform that operates as a single integrated system.
Financial Overview
For the three months ended 31 March 2024, Solaredge Technologies Inc revenues decreased 78% to $204.4M. Net loss totaled $157.3M vs. income of $138.4M. Revenues reflect Solar segment decrease of 79% to $190.1M, All other segment decrease of 90% to $3.4M. Net loss reflects Solar segment loss totaling $110.4M vs. income of $206.7M, Revenues from finance component segment loss increase of 29% to $51.2M.
Employees: 5,633 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $2,826M as of Mar 31, 2024
Annual revenue (TTM): $2,237M as of Mar 31, 2024
EBITDA (TTM): -$99.96M as of Mar 31, 2024
Net annual income (TTM): -$261.36M as of Mar 31, 2024
Free cash flow (TTM): -$574.19M as of Mar 31, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 57,299,404 as of May 1, 2024
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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