December 17, 2024
Today, Goldman Sachs Double Upgraded SolarEdge from SELL to BUY. Goldman Sachs double upgraded SEDG from SELL to BUY with a $19/shr 12-month forward price objective, which compares to our year-end 2025E price target of…
November 7, 2024
SolarEdge and the “Terrible, Horrible, No Good, Very Bad Day” Quarter. Last night, after the close, our current top solar short idea, SEDG, reported 3Q24 rev/non-GAAP EPS/free-cash-flow of $260.9mn/-$15.33/-$111.2mn vs. Cons. $273.4mn/-$1.67/-$77.6mn (GLJe $254.4mn/-$1.69/-$108.8mn) – i.e., a herculean…
October 8, 2024
SolarEdge Still Boasts 4 BUYS, 28 HOLDS, w/ just 5 SELLS (despite collapsing -78.2% YTD vs. +19.4% for the S&P 500 YTD), and an Avg. Forward 12-Month Price Target of $32.45 (i.e., +58.9% upside from…
June 25, 2024
SolarEdge Announces it is Raising $300mn via Senior Convertible Notes due 2029 and Provides (disappointing) 2Q24E Free-Cash-Flow Guidance. So, yesterday, after the close, via an 8-K filing, SEDG made three key announcements, including: (1) it…
February 7, 2024
Solar Stocks are Roaring Higher Today, Despite Enphase’s 4Q24 Revs. Missing a Q4 Street Est. that Had Been Cut -51.9% Over the Past 6 Months (yes, you heard that right); Does this Make (Any) Sense?…
December 1, 2023
Houston, We Have a Problem. As a reminder, when SEDG reported 3Q23 results a few weeks back, despite negatively preannouncing days prior (due to order delays/cancellations as customers double/triple ordered in 2022, primarily in Europe),…
November 8, 2023
What’s Up? In this note, following, what we see as incremental discussions we held this week with: (a) the leading distributor of solar parts in the U.S., as well as (b) the world’s leading multi-platform…
November 2, 2023
SolarEdge Falls as it Guides to 4Q23E non-GAAP (which is BS as stock comp counts) Operating Income Loss of -$106.9mn (vs. Street’s $11.3mn GAAP Est.). As of the writing of this note (i.e., 3:17am EST),…
October 4, 2023
What’s the Latest on the US Inverter Market? Last night, after waiting for weeks for a response, one of our oldest US solar inverter contacts (we’ve been in touch with this individual since 2008), who…
June 30, 2023
SolarEdge is Still Seen as Being in the Driver’s Seat as it Relates to the Global Solar Inverter Arms Race, a Thesis We Think Will Change (to the Downside) in 2H23. In this note, we…
June 9, 2023
Burning the Midnight Oil Last Night Provided us an Opportunity to Catch up with Long-Time Contacts in China and the EU, as Well as the U.S. In this note, we provide four separate “fire side”…