SolarEdge Technologies Inc

SEDG: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$51.00	Stc	Xtqvwmyf

SolarEdge Earnings: End Market Diversification Drives Robust Results

Brett Castelli

May 4, 2023

We raise our fair value estimate for no-moat SolarEdge to $277 per share from $266 following first-quarter results. The improved valuation is a result of an increase in our long-term gross margin forecast for the company's solar segment. We expect SolarEdge shares to react positively to the results and outlook, but we view shares as fairly valued.

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