SolarEdge Technologies Inc

SEDG: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$33.00	Cgd	Stgpjhzth

SolarEdge Earnings: End Market Slowdown, Increasing Commoditization Drive Disappointing Outlook

Brett Castelli

Nov 2, 2023

We lower our fair value estimate for SolarEdge to $75 from $147 following the company’s third quarter results and updated outlook. Our reduced valuation is driven by lower long-term revenue and gross margin expectations, coupled with reduced operating leverage. Our no-moat and Very High Uncertainty ratings are unchanged. We view shares as fairly valued.

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