SolarEdge Technologies (NASDAQ: SEDG) is one of 13 publicly-traded companies in the “Photovoltaic Solar Systems & Equipment” industry, but how does it weigh in compared to its rivals? We will compare SolarEdge Technologies to similar businesses based on the strength of its valuation, profitability, institutional ownership, risk, earnings, analyst recommendations and dividends.

Analyst Recommendations

This is a breakdown of current ratings for SolarEdge Technologies and its rivals, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
SolarEdge Technologies 3 1 11 0 2.53
SolarEdge Technologies Competitors 177 600 903 58 2.48

SolarEdge Technologies presently has a consensus price target of $31.58, indicating a potential downside of 17.21%. As a group, “Photovoltaic Solar Systems & Equipment” companies have a potential downside of 11.72%. Given SolarEdge Technologies’ rivals higher possible upside, analysts clearly believe SolarEdge Technologies has less favorable growth aspects than its rivals.

Volatility and Risk

SolarEdge Technologies has a beta of 0.1, suggesting that its share price is 90% less volatile than the S&P 500. Comparatively, SolarEdge Technologies’ rivals have a beta of 1.45, suggesting that their average share price is 45% more volatile than the S&P 500.

Insider & Institutional Ownership

57.0% of SolarEdge Technologies shares are owned by institutional investors. Comparatively, 43.7% of shares of all “Photovoltaic Solar Systems & Equipment” companies are owned by institutional investors. 16.4% of SolarEdge Technologies shares are owned by insiders. Comparatively, 17.2% of shares of all “Photovoltaic Solar Systems & Equipment” companies are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Profitability

This table compares SolarEdge Technologies and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
SolarEdge Technologies 14.06% 22.07% 14.90%
SolarEdge Technologies Competitors -11.98% -166.55% -3.52%

Valuation & Earnings

This table compares SolarEdge Technologies and its rivals revenue, earnings per share (EPS) and valuation.

Gross Revenue NetIncome Price/Earnings Ratio
SolarEdge Technologies $489.84 million $76.61 million 23.12
SolarEdge Technologies Competitors $1.24 billion -$44.98 million 0.52

SolarEdge Technologies’ rivals have higher revenue, but lower earnings than SolarEdge Technologies. SolarEdge Technologies is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.

Summary

SolarEdge Technologies beats its rivals on 8 of the 13 factors compared.

SolarEdge Technologies Company Profile

SolarEdge Technologies, Inc. offers an inverter solution for a solar photovoltaic (PV) system. The Company’s products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. Its product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management. The Company’s power optimizers provide module-level maximum power point (MPP) tracking and real-time adjustments of current and voltage to the optimal working point of each individual PV module. The Company’s solution consists of a direct current (DC) power optimizer, an inverter and a cloud-based monitoring platform that operates as a single integrated system.

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