Solaredge Technologies
SEDG on Nasdaq. SolarEdge Technologies sells solar inverters and energy storage to installers and distributors. Market value $2.1bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
We can't read total debt from the filing, so debt is left out.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Technology stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $4.30 of spare cash in the past 12 months. A savings account pays about $4.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: 29 of 100. Price score: 23 of 100. Our list needs 70 on quality and 60 on price.
$34.04 a share, 21% above its 1-year low
Over the past year the price has ranged from $28.21 to $81.25.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $2.0bn | $3.1bn | $3.0bn | $901m | $1.2bn |
| Operating margin | |||||
| Operating margin | 10.5% | 5.3% | 1.4% | -189.5% | -25.5% |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.06bn | 0.06bn | 0.06bn | 0.06bn | 0.06bn |
Health checks
- Free cash flow positive2 of 5 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)5 of 8 checks we could run
- Profit backed by cash (accruals)No
- DebtUnknown
- Revenue growth, five yearsShrinking, 4.1% a year
- Buying back its own sharesNo, 10% more shares since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $346 million last quarter, up 20% on a year ago.
- A loss of $31 million, compared with a loss of $125 million a year ago.
- It loses 12 cents on each $1 of sales, compared with 169 cents a year earlier.
- Spare cash over the past 12 months: $90 million. A year earlier it spent $96 million more than it brought in.
- 4% more shares than a year ago. Each share owns a bit less of the company.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $235m |
| December 2024 | $196m |
| March 2025 | $219m |
| June 2025 | $289m |
| September 2025 | $340m |
| December 2025 | $335m |
| March 2026 | $311m |
| June 2026 | $346m |
| Quarter to | Amount |
|---|---|
| September 2024 | -$1.2bn |
| December 2024 | -$287m |
| March 2025 | -$99m |
| June 2025 | -$125m |
| September 2025 | -$50m |
| December 2025 | -$132m |
| March 2026 | -$57m |
| June 2026 | -$31m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 25 February 2026
- Next quarterly (estimated, 10-Q)
- 4 November 2026
Who owns it
2 long-term investors we follow own it, up from 1 last quarter. 348 funds in all.
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| GMOJeremy Grantham | $73m | 0.2% | Cut |
| Viking Global InvestorsAndreas Halvorsen | $64m | 0.2% | New |
Largest holders overall
- BlackRock$560mAdded
- Invesco$152m
- UBS Group AG$144mCut
- Menora Mivtachim Holdings$140mCut
- Harel Insurance Investments & Financial Services$138mAdded
- Vanguard Portfolio Management$126mCut
- State Street$103m
- American Century Companies$100mAdded
- Migdal Insurance & Financial Holdings$99mAdded
- Legal & General Group$76mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
3 investors own more than 5%.
- BlackRock, Inc.Passive investor15.2%+2.0 ptsSince 30 June 2026
- Susquehanna Investment GroupPassive investorat least 4.6%−0.6 pts(filed with 1 related holder)Since 31 March 2025
- Citadel Securities GP LLCPassive investorat least 3.4%−2.1 pts(filed with 6 related holders)Since 31 December 2025
- GMOPassive investorSold down below 5%Since 30 September 2025
- JANE STREET GROUP, LLCPassive investorSold down below 5%Since 31 December 2024
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
BlackRock, Inc. Passive investor | 15.2%+2.0 pts | 30 June 2026 | |
Susquehanna Investment Group Passive investor | at least 4.6%−0.6 pts (filed with 1 related holder) | 31 March 2025 | |
Citadel Securities GP LLC Passive investor | at least 3.4%−2.1 pts (filed with 6 related holders) | 31 December 2025 | |
GMO Passive investor | Sold down below 5% | 30 September 2025 | |
JANE STREET GROUP, LLC Passive investor | Sold down below 5% | 31 December 2024 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 1 sold $99,473.
- AVERY MOREDirectorSold
- Date
- 7 May 2026
- Shares
- 2,566
- Price
- $38.77
- Value
- $99,473
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 7 May 2026 | AVERY MORE Director | Sold | 2,566 | $38.77 | $99,473 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
- Sales have shrunk: 4.1% a year.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.