Latest news with #SolarEdge
Yahoo
6 days ago
- Business
- Yahoo
SolarEdge (SEDG) Reports Earnings Tomorrow: What To Expect
Solar power systems company SolarEdge (NASDAQ:SEDG) will be reporting results this Thursday before market open. Here's what to expect. SolarEdge beat analysts' revenue expectations by 7.3% last quarter, reporting revenues of $219.5 million, up 7.4% year on year. It was a strong quarter for the company, with a solid beat of analysts' adjusted operating income estimates and a decent beat of analysts' EPS estimates. It reported 1,208 megawatts shipped, up 27.7% year on year. Is SolarEdge a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting SolarEdge's revenue to grow 3.6% year on year to $274.9 million, a reversal from the 73.2% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.84 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. SolarEdge has missed Wall Street's revenue estimates three times over the last two years. Looking at SolarEdge's peers in the renewable energy segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Generac delivered year-on-year revenue growth of 6.3%, beating analysts' expectations by 3.4%, and American Superconductor reported revenues up 79.6%, topping estimates by 11.4%. Generac traded up 28.9% following the results while American Superconductor was also up 29.4%. Read our full analysis of Generac's results here and American Superconductor's results here. There has been positive sentiment among investors in the renewable energy segment, with share prices up 2.1% on average over the last month. SolarEdge is down 1.6% during the same time and is heading into earnings with an average analyst price target of $18.57 (compared to the current share price of $26). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Globe and Mail
7 days ago
- Automotive
- Globe and Mail
SolarEdge Announces Strategic Partnership with Schaeffler for EV Charging Infrastructure
SolarEdge Technologies, Inc. (NASDAQ: SEDG), a global leader in smart energy technology, is proud to announce a strategic partnership with Schaeffler, a leading automotive and industrial supplier, to deploy electric vehicle (EV) charging infrastructure and software across Schaeffler sites. The partnership will support Schaeffler in commissioning around 2300 charging points in Europe. This press release features multimedia. View the full release here: By integrating hardware and SolarEdge's EV charging software capabilities into Schaeffler's infrastructure, the collaboration will enable Schaeffler employees and fleet vehicle drivers to charge their EVs at company locations, starting with the newly electrified parking lot at Schaeffler's Technology Center (Technologiezentrum) at its global headquarters in Herzogenaurach, Germany. Powered by SolarEdge's Wevo technology, now part of its advanced ONE for C&I energy optimization platform, the solution is designed to deliver a frictionless charging experience for employees including a custom app. 'We are excited to deepen our partnership with Schaeffler,' said Naama Ohana, Chief Commercial & Industrial Division at SolarEdge. 'Our solar technology has powered Schaeffler rooftops with safe, reliable energy for many years. Now, our Enterprise Service Group is proud to further support Schaeffler's energy transition by delivering EV charging software, services, and hardware. This is a great example of how our advanced software capabilities can add value to our customers' energy transition strategy.' About SolarEdge SolarEdge is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power our lives and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC-optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, and grid services solutions.
Business Wire
7 days ago
- Automotive
- Business Wire
SolarEdge Announces Strategic Partnership with Schaeffler for EV Charging Infrastructure
MILPITAS, Calif.--(BUSINESS WIRE)-- SolarEdge Technologies, Inc. (NASDAQ: SEDG), a global leader in smart energy technology, is proud to announce a strategic partnership with Schaeffler, a leading automotive and industrial supplier, to deploy electric vehicle (EV) charging infrastructure and software across Schaeffler sites. The partnership will support Schaeffler in commissioning around 2300 charging points in Europe. 'Our solar technology has powered Schaeffler rooftops with safe, reliable energy for many years. Now, our Enterprise Service Group is proud to further support Schaeffler's energy transition by delivering EV charging software, services, and hardware." Share By integrating hardware and SolarEdge's EV charging software capabilities into Schaeffler's infrastructure, the collaboration will enable Schaeffler employees and fleet vehicle drivers to charge their EVs at company locations, starting with the newly electrified parking lot at Schaeffler's Technology Center (Technologiezentrum) at its global headquarters in Herzogenaurach, Germany. Powered by SolarEdge's Wevo technology, now part of its advanced ONE for C&I energy optimization platform, the solution is designed to deliver a frictionless charging experience for employees including a custom app. 'We are excited to deepen our partnership with Schaeffler,' said Naama Ohana, Chief Commercial & Industrial Division at SolarEdge. 'Our solar technology has powered Schaeffler rooftops with safe, reliable energy for many years. Now, our Enterprise Service Group is proud to further support Schaeffler's energy transition by delivering EV charging software, services, and hardware. This is a great example of how our advanced software capabilities can add value to our customers' energy transition strategy.' About SolarEdge SolarEdge is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power our lives and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC-optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, and grid services solutions.
Yahoo
05-08-2025
- Automotive
- Yahoo
3 Inflated Stocks Walking a Fine Line
Exciting developments are taking place for the stocks in this article. They've all surged ahead of the broader market over the last month as catalysts such as new products and positive media coverage have propelled their returns. However, not all companies with momentum are long-term winners, and many investors have lost money by following short-term trends. All that said, here are three overhyped stocks that may correct and some you should consider instead. Advance Auto Parts (AAP) One-Month Return: -2.8% Founded in Virginia in 1932, Advance Auto Parts (NYSE:AAP) is an auto parts and accessories retailer that sells everything from carburetors to motor oil to car floor mats. Why Is AAP Risky? Lagging same-store sales over the past two years suggest it might have to change its pricing and marketing strategy to stimulate demand Operating profits fell over the last year as its sales dropped and it struggled to adjust its fixed costs Depletion of cash reserves could lead to a fundraising event that triggers shareholder dilution Advance Auto Parts's stock price of $52.71 implies a valuation ratio of 24.6x forward P/E. Read our free research report to see why you should think twice about including AAP in your portfolio, it's free. SolarEdge (SEDG) One-Month Return: -4.1% Established in 2006, SolarEdge (NASDAQ: SEDG) creates advanced systems to improve the efficiency of solar panels. Why Do We Steer Clear of SEDG? Demand for its offerings was relatively low as its number of megawatts shipped has underwhelmed Eroding returns on capital from an already low base indicate that management's recent investments are destroying value Limited cash reserves may force the company to seek unfavorable financing terms that could dilute shareholders At $25.35 per share, SolarEdge trades at 1.3x forward price-to-sales. If you're considering SEDG for your portfolio, see our FREE research report to learn more. Veritex Holdings (VBTX) One-Month Return: +12.9% Founded during the 2009 financial crisis when many banks were failing, Veritex Holdings (NASDAQGM:VBTX) operates Veritex Community Bank, providing commercial and retail banking services to small and medium-sized businesses and professionals in Texas. Why Do We Think Twice About VBTX? Customers postponed purchases of its products and services this cycle as its revenue declined by 1.1% annually over the last two years Estimated net interest income growth of 2.6% for the next 12 months implies demand will slow from its four-year trend Performance over the past two years shows each sale was less profitable as its earnings per share dropped by 12.8% annually, worse than its revenue Veritex Holdings is trading at $30.73 per share, or 1x forward P/B. Check out our free in-depth research report to learn more about why VBTX doesn't pass our bar. High-Quality Stocks for All Market Conditions Donald Trump's April 2025 "Liberation Day" tariffs sent markets into a tailspin, but stocks have since rebounded strongly, proving that knee-jerk reactions often create the best buying opportunities. The smart money is already positioning for the next leg up. Don't miss out on the recovery - check out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today for free. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Insider
04-08-2025
- Business
- Business Insider
Short Report: Grindr shorts at record highs as CFO quits before earnings
Welcome to this week's installment of 'The Short Interest Report' – The Fly's weekly recap of short interest trends among some of the most widely followed high-short-float stocks. Using the data from our partner which utilizes the latest information from stock lenders to estimate short interest changes for thousands of publicly traded companies, this report will screen for some of biggest changes in short interest as a percentage of free float and days-to-cover ratios while also considering the short interest data on some of the more volatile and heavier-traded names of the week. Based on the availability of data from Ortex, the report tracks the trading period that covers prior Friday through Thursday of this week, excluding holidays. As a basis of comparison for stocks discussed below, the S&P 500 index was down 0.4%, the Nasdaq Composite was up 0.3%, the Russell 2000 index was down 1.8%, the Russell 2000 Growth ETF (IWO) was down 0.9%, and the Russell 2000 Value ETF (IWN) was down 3.0%% in the five-day trading session range through July 31. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. SHORT INTEREST GAINERS Ortex-reported short interest in Grindr (GRND) – fresh off a mid-June spike from 20% to 70% – is soaring again. This week, shorts as a percentage of free float on the name jumped from 76.1% to 82.1% – a fresh record high – while days-to-cover on the name is up from 2.7 to 3.2. The stock has navigated some cautionary developments this week as the company CFO Vanna Krantz has announce her resignation with just under three years on the job and the week before the company is set to report its Q2 earnings. In the first week of June, shares of Grindr had risen over 70% from the stock's March lows, though it has now erased nearly all of those gains and trades down 4% year-to-date. This week, as bears boosted their bets, shares were down 8.7% in the five-day period covered. Ortex-reported short interest in SolarEdge (SEDG) peaked above 78% in the first week of March and has been on a steep down-slope through mid-July toward a 26% low, just as the stock price broke out of its wide trading range earlier last month en route to a one-year high on July 22nd. This week however, with traders taking profits in the stock following a near-tripling from April lows, bears are also more emboldened. In the five-day period covered through Thursday, shorts as a percentage of free float for SolarEdge were up from 26.7% to 29.0% – a three-week high, while days-to-cover on the name was up from 2.5 to 4.0. The stock fell about 10% in the five-day period, though year-to-date, SolarEdge is still up nearly 90%. Ortex-reported short interest in Tarsus Pharmaceuticals (TARS) has found consistent lows around 24% on three separate occasions since December of 2024, though this month, bears are not waiting to add exposure, with the stock on the verge of plunging to fresh 2025 lows below $39 per share. Shorts as a percentage of free float jumped from 25% to 27% this week – the highest level since November of last year. Days-to-cover on the name was also up notably, rising from 9.7 to 10.8. The company reports Q2 results over the coming week, having registered significantly lower closes on its last two earnings days. In the five-day period covered, Tarsus was down 8.5% through Thursday, with shares also shedding 26% year-to-date. Ortex-reported short interest in Kohl's (KSS) is down sharply following a brief spike last week in conjunction with a single-day near-doubling of its stock price reminiscent of meme-stock heyday. Shorts as a percentage of free float jumped from 43% to record-high 53% late last week with reports of retail traders seeking to engineer a short-squeeze in the beleaguered retail chain, though this week, bearish fever has broken, and short interest has receded back from 49.6% to 42.4% – the lowest level since the first week of April. In the wake of a week-long spike in volume, days to cover on the name was also down sharply – sliding from 6.3 to 3.8, a multi-month low. The stock is down 20.5% in the five-day period covered, and shares are now off by 24% year-to-date. Ortex-reported short interest in Rocket Companies (RKT) had spiked up to a record-high of 82% late last week, with bears looking to fade the stock's 25% gains over a prior three day span, though this week, the extreme bearish surge is reversing. Shorts as a percentage of free float slipped back to 41%, while days-to-cover reverted to 10.0 from 10.2. In the five-day period covered, shares of Rocket were down less than 1%, before being bid up by 12% on Friday. Soft Employment and Manufacturing sentiment data drove investors away from risky assets and toward the safety of Treasuries, pressuring yields and paving the way to more certain interest rate cuts that would unlock the frozen mortgage market and presumably benefit a company like Rocket.
