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SolarEdge Technologies Inc SEDG

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Morningstar’s Analysis

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1-Star Price

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5-Star Price

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Economic Moat

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Capital Allocation

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Initiating Coverage of SolarEdge With a No-Moat Rating, $184 Fair Value Estimate

Brett Castelli Equity Analyst

Analyst Note

| Brett Castelli |

We are initiating coverage of SolarEdge with a no-moat, stable trend rating and $184 fair value estimate. Shares benefited from a rising tide in clean energy last year (+236%) but have been volatile year to date (negative 26%). We encourage investors to be patient and see 23% downside to our fair value estimate.

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Company Profile

Business Description

SolarEdge Technologies designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations. The company system consists of power optimizers, inverters, and cloud-based monitoring platform and addresses a broad range of solar market segments, from residential solar installations to commercial and small utility-scale solar installations. The company sells its products directly to solar installers, engineering, procurement, and construction firms and indirectly to solar installers through distributors and electrical equipment wholesalers. Additionally, the company has nonsolar products targeting the energy storage, e-mobility, and ultracritical power solutions industries.

Contact
1 HaMada Street, Post Box 12001
Herziliya Pituach, 4673335, Israel
T +972 99576620
Sector Technology
Industry Solar
Most Recent Earnings Mar 31, 2021
Fiscal Year End Dec 31, 2021
Stock Type Aggressive Growth
Employees 3,174

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