SolarEdge Technologies 株価情報 (NASDAQ: SEDG)

最新ニュース SolarEdge Technologies (NASDAQ:SEDG) 株価情報

SolarEdge Technologies

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.

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水曜日、議会議員が中国の太陽光発電会社に対する調査を求めるという報道が出たことを受け、ファースト・ソーラー、イング、サンパワーコーポレーションなどの太陽光関連株が大幅に急伸しました。

中国の太陽光発電会社などに調査　米国議会

SolarEdge Technologies, Inc. - Common Stock

SolarEdge Technologies Inc

SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) shares are trading higher. The company announced plans to cease all activities of its energy storage division and reduce its workforce by about 500 employees. Here&#8217;s what you <a href="https://www.benzinga.com//node/42215870">need to know</a>.
What To Know: In a new press release Wednesday, SolarEdge stated it was shutting down its energy storage division to prioritize its solar operations. The move will result in a workforce reduction of approximately 500 employees, largely located in South Korea.
The closure is expected to result in quarterly operating expense savings of approximately $7.5 million, with full savings anticipated to be realized by the second half of 2025. In addition, the company plans to sell assets related to its storage division, including manufacturing facilities for battery cells and packs.
&#8220;The decision to close our Energy Storage division was the result of a thoughtful analysis of our portfolio of businesses and product lines, industry trends, and the competitive environment,&#8221; said interim CEO Ronen Faier.
&#8220;The measures also represent continued execution of two of our main priorities: financial stability through cost reduction, return to cash flow positivity and profitability; and focus on our core business lines of solar, PV-attached storage and energy management capabilities. I wish to thank our Energy Storage division employees for all of their efforts in building this business.&#8221;
See Also: <a href="https://www.benzinga.com/insights/options/24/11/42219305/this-is-what-whales-are-betting-on-zscaler">This Is What Whales Are Betting On Zscaler</a>
SEDG Price Action: At the time of writing, SolarEdge stock was up 8.69% at $14.88, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: via Pixabay

Global

What's Going On With SolarEdge Technologies Stock Wednesday?

SolarEdge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) announced plans to shut down its Energy Storage <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b42210837/solaredge-announces-closure-of-energy-storage-division" rel="noreferrer noopener">division to focus on core solar operations.</a>
SolarEdge plans to cut around 500 jobs in South Korea as part of the discontinuation, mainly in manufacturing roles. This represents about 12% of the company&#8217;s workforce, with most layoffs occurring in the first half of 2025.
The company anticipates recording pre-tax charges of $81 million to $99 million. These include $40 million to $49 million in asset-related and impairment charges, $30 million to $37 million for inventory write-offs and non-cancelable purchase orders, and $4 million to $5 million for severance and related benefits (excluding stock-based compensation expenses).
Workforce reductions and related charges will be recorded in the fourth quarter of 2024&nbsp;and in the first quarter of 2025, with cash payments related to these charges of $38 million to $46 million expected, mainly for severance and non-cancelable orders. Asset sales, including facilities in South Korea, aim to offset these costs. Additional expenses may arise.
Ronen Faier, Interim Chief Executive Officer of SolarEdge, commented: &#8220;The decision to close our Energy Storage division was the result of a thoughtful analysis of our portfolio of businesses and product lines, industry trends, and the competitive environment. The measures also represent continued execution of two of our main priorities: financial stability through cost reduction, return to cash flow positivity and profitability; and focus on our core business lines of solar, PV-attached storage and energy management capabilities.&#8221;
Price Action: SEDG shares are trading higher by 6.06% at $14.52 at the last check Wednesday.
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</ul>
Image: Andreas from Pixabay.

Equities

SolarEdge Shutters Energy Storage Division, Slashes 500 Jobs In Solar-Centric Pivot: Details

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Solar Edge Technologies shares are trading higher. The company announced plans to cease all activities of its energy storage division and will reduce its workforce by approximately 500 employees.

The expected quarterly operating expenses savings due to the closure are approximately $7.5 million with the full run rate expected to be achieved by the second half of 2025.&nbsp;
The Company intends to sell the assets related to the storage division activities including its manufacturing facilities for battery cells and packs. This does not impact the solar business sale of batteries for residential and C&amp;I markets.

SolarEdge Plans To Cease All Activities Of Its Energy Storage Division, Resulting In Workforce Reduction Of Approximately 500 Employees, Most Of Whom In South Korea - Filing

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Shares of semiconductor and software stocks are trading higher, with stocks broadly rising amid a drop in yields. President-elect Trump nominated Scott Bessent as Treasury Secretary.

Guggenheim analyst Joseph Osha upgrades SolarEdge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) from Sell to Neutral.

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Analyst Ratings

Guggenheim Upgrades SolarEdge Technologies to Neutral

SolarEdge Technologies's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NYSE">SEDG</a>) short percent of float has risen 13.92% since its last report. The company recently reported that it has 19.16 million shares sold short, which is 39.52% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.51 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>SolarEdge Technologies Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731935723_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for SolarEdge Technologies has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing SolarEdge Technologies's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, SolarEdge Technologies's peer group average for short interest as a percentage of float is 6.38%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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How Is The Market Feeling About SolarEdge Technologies?

The recent U.S. presidential election results, including a Republican sweep, have raised questions about the future of renewable energy under President-elect Donald Trump&#8217;s leadership.
Morgan Stanley&#8217;s report evaluates the economic impact on renewables under various policy scenarios and its effects on earnings.
The analyst has adjusted its view on the clean tech industry to &#8220;In-Line&#8221; from &#8220;Attractive.&#8221;
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41880110/solar-renewables-stocks-crash-after-trump-win-should-you-buy-now-at-cheap-valuations" rel="noreferrer noopener">Solar, Renewables Stocks Crash After Trump Win: Should You Buy Now At Cheap Valuations?</a>
While long-term demand for renewables is likely stronger than current market perceptions, near-term growth prospects have become less clear due to new uncertainties.
It&#8217;s important to remember that these new uncertainties add to the already difficult environment facing the clean energy sector, dealing with issues such as permitting and interconnection delays, funding challenges, and intense competition that have hurt profitability.
Uncertainty about the Inflation Reduction Act (IRA), tariffs, and interest rates has significantly impacted clean fuel valuations.
Morgan Stanley writes that clear guidance on the IRA is essential for clean tech valuations to rebound. However, this may take time since it will likely be linked to discussions about the Tax Cuts and Job Act&nbsp;(TCJA), which is set to expire at the end of 2025.
Morgan Stanley recommends investing in stocks with high-quality and durable growth/ margins, with a clear catalyst path and/or strong balance sheet to weather any near-term volatility in growth and/or profitability.
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<li>The analyst maintains an Overweight rating on GE Vernova Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>), First Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), and Bloom Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>).</li>
</ul>
However, the analyst has downgraded three cleantech stocks from Equal-weight to Underweight, including:
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<li>SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>): The analyst reduced the price target from $23 to $9, citing slower profitability due to decreased European demand and tough competition from cheaper Chinese manufacturers. As a result, the company is not expected to break even on <a href="https://www.benzinga.com/quote/SEDG/analyst-ratings" target="_blank" rel="noreferrer noopener">EBITDA until after 2026</a>. At last check Friday, the stock was trading 13.2% lower at $11.13.</li>
<li>Maxeon Solar Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAXN#NASDAQ">MAXN</a>): Morgan Stanley anticipates a slow recovery to profitability due to increasing competition in Europe&#8217;s utility-scale solar market, which will likely keep pushing prices down. The analyst maintains the <a href="https://www.benzinga.com/quote/MAXN/analyst-ratings" target="_blank" rel="noreferrer noopener">price target of $4</a>. Additionally, recent customer losses in the U.S. residential market could make maintaining market share and premium pricing harder. Stock is trading 10.08% lower at $10.08 at last check Friday.</li>
<li>TPI Composites, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPIC#NASDAQ">TPIC</a>): The analyst notes an uncertainty about how quickly the U.S. wind market will recover, mainly due to challenges in securing financing and recent issues with design and inspections as the industry shifts to larger blade sizes. Morgan Stanley has cut the <a href="https://www.benzinga.com/quote/TPIC/analyst-ratings" target="_blank" rel="noreferrer noopener">price target from $4 to $2</a>. Stock is down 8.82% at $2.16 at the last check Friday.</li>
</ul>
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Photo via Shutterstock

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Maxeon Solar Technologies, Ltd. - Ordinary Shares

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Trump's Win, Economic Challenges Lead to Tougher Outlook for Renewable Energy Stocks: Morgan Stanley

Barclays analyst Christine Cho maintains SolarEdge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) with a Underperform and lowers the price target from $17 to $7.

Barclays Maintains Underperform on SolarEdge Technologies, Lowers Price Target to $7

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/62273b9e26d7930001212a83/beatrice-lam">Citigroup analyst Beatrice Lam </a>downgraded Gogoro Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGR#NASDAQ">GGR</a>) from Buy to Neutral and lowered the price target from $2.3 to $0.5. Gogoro shares closed at $0.4757 on Thursday. <a href="https://www.benzinga.com/quote/GGR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley analyst Andrew Percoco downgraded SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) from Equal-Weight to Underweight and slashed the price target from $23 to $9. SolarEdge shares closed at $12.83 on Thursday. <a href="https://www.benzinga.com/quote/SEDG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58580535ee7bf60001bcfa18/swayampakula-ramakanth">HC Wainwright &amp; Co. analyst Swayampakula Ramakanth</a> downgraded Predictive Oncology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POAI#NASDAQ">POAI</a>) from Buy to Neutral. Predictive Oncology shares closed at $0.7401 on Thursday. See how other analysts view this stock.</li>
<li>Deutsche Bank analyst Bryan Kraft downgraded the rating for Liberty Broadband Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LBRDA#NASDAQ">LBRDA</a>) from Buy to Hold but raised the price target from $90 to $95. Liberty Broadband shares closed at $89.29 on Thursday. <a href="https://www.benzinga.com/quote/LBRDA/analyst-ratings">See </a><a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">how other analysts view this stock</a>.</li>
<li>Morgan Stanley analyst Andrew Percoco downgraded the rating for Maxeon Solar Technologies, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAXN#NASDAQ">MAXN</a>) from Equal-Weight to Underweight and maintained the price target of $4. Maxeon Solar shares closed at $11.50 on Thursday. <a href="https://www.benzinga.com/quote/MAXN/analyst-ratings">See how other analysts view this stock.</a></li>
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Considering buying SEDG stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="527" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15082241/image-171-1024x527.png" alt="" class="wp-image-650206" style="width:696px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15082241/image-171-1024x527.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15082241/image-171-300x154.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15082241/image-171-768x395.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15082241/image-171.png 1210w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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This SolarEdge Technologies Analyst Turns Bearish; Here Are Top 5 Downgrades For Friday

U.S. stock futures were lower this morning, with the Dow futures falling more than 200 points on Friday.
Shares of Applied Materials, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) fell sharply in today's pre-market trading <a href="https://www.benzinga.com/news/earnings/24/11/41991276/applied-materials-shares-slip-despite-better-than-expected-q4-results">following first-quarter results</a>.
Applied Materials reported quarterly earnings of $2.32 per share, which beat the analyst consensus estimate of $2.19. Quarterly revenue clocked in at $7.05 billion, which beat the analyst consensus estimate of $6.95 billion and is an increase over sales of $6.72 billion from the same period last year.
Applied Materials shares declined 7.3% to $172.55 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) shares fell 25.5% to $3.28 in pre-market trading after the company reported a registered direct offering of $40 million priced at-the-market under Nasdaq rules.</li>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) fell 13.8% to $23.10 in pre-market trading after the company reported worse-than-expected quarterly financial results.</li>
<li>Koppers Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOP#NYSE">KOP</a>) fell 12.1% to $33.00 in pre-market trading.</li>
<li>Oklo Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>) fell 7.8% to $22.00 in pre-market trading following third-quarter results.</li>
<li>Intuitive Machines, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>) fell 5.4% to $9.68 in pre-market trading. The company reported third-quarter results on Thursday.</li>
<li>Ulta Beauty, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) fell 4.9% to $364.01 in pre-market trading.</li>
<li>SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) fell 4.6% to $12.24 in pre-market trading.</li>
<li>Centerspace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSR#NYSE">CSR</a>) fell 4% to $69.50 in pre-market trading.</li>
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Applied Materials Reports Q1 Results, Joins Oklo, AST SpaceMobile And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Goldman Sachs boosted the price target for Tarsus Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TARS#NASDAQ">TARS</a>) from $36 to $41. Goldman Sachs analyst Andrea Tan maintained a Neutral rating. Tarsus Pharmaceuticals shares closed at $46.65 on Thursday. <a href="https://www.benzinga.com/quote/TARS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche Bank boosted the price target for The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) from $115 to $131. Deutsche Bank analyst Bryan Kraft maintained a Buy rating. Disney shares closed at $109.12 on Wednesday. <a href="https://www.benzinga.com/quote/DIS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham raised Agilysys, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGYS#NASDAQ">AGYS</a>) price target from $125 to $145. Needham analyst Mayank Tandon maintained a Buy rating. Agilysys shares settled at $120.84 on Wednesday. <a href="https://www.benzinga.com/quote/AGYS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham cut Applied Materials, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) price target from $240 to $225. Needham analyst Charles Shi maintained a Buy rating. Applied Materials shares closed at $186.00 on Thursday. <a href="https://www.benzinga.com/quote/AMAT/analyst-ratings">See how other analysts view this stock.</a></li>
<li></li>
<li>Piper Sandler boosted Mastercard Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) price target from $565 to $575. Piper Sandler analyst Arvind Ramnani maintained an Overweight rating. Mastercard shares closed at $520.40 on Thursday.  <a href="https://www.benzinga.com/quote/MA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Benchmark boosted Tower Semiconductor Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSEM#NASDAQ">TSEM</a>) price target from $55 to $60. Benchmark analyst Cody Acree maintained a Buy rating. Tower Semiconductor shares closed at $46.30 on Thursday. See how other analysts view this stock.</li>
<li>Morgan Stanley cut the price target for SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) from $23 to $9. Morgan Stanley analyst Andrew Percoco downgraded the stock from Equal-Weight to Underweight. SolarEdge shares settled at $12.83 on Thursday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird boosted Biogen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIIB#NASDAQ">BIIB</a>) price target from $294 to $300. Baird analyst Brian Skorney maintained an Outperform rating. Biogen shares closed at $164.89 on Thursday. <a href="https://www.benzinga.com/quote/BIIB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird raised the price target for Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) from $385 to $425. Baird analyst Shrenik Kothari maintained an Outperform rating. Palo Alto shares closed at $394.39 on Thursday. <a href="https://www.benzinga.com/quote/PANW/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co. cut Genelux Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNLX#NASDAQ">GNLX</a>) price target from $32 to $30. HC Wainwright &amp; Co. analyst Emily Bodnar maintained a Buy rating. Genelux shares closed at $2.94 on Thursday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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Disney To Rally Around 20%? Here Are 10 Top Analyst Forecasts For Friday

Morgan Stanley analyst Andrew Percoco downgrades SolarEdge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) from Equal-Weight to Underweight and lowers the price target from $23 to $9.

Morgan Stanley Downgrades SolarEdge Technologies to Underweight, Lowers Price Target to $9

Insider Trades

SolarEdge Chairman Avery More Buys 156,000 Shares At Average Price Of $13.65, Increasing Beneficial Ownership To 244,478 Shares

With Donald Trump now president-elect and Republicans likely to control Congress, clean energy stocks <a href="https://www.benzinga.com/topic/esg">are taking a beating</a>.
The Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) dropped over 9% last week, dragging it to levels last seen in July 2020. From its January 2021 peak, the TAN ETF is now down more than 70%. 
Renewables have also been rattled. The Invesco Global Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBD#NYSE">PBD</a>) slid over 5% to hit lows not seen since April 2020.
Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>)&nbsp;saw its stock plummet by 45% last week, marking its worst week since its IPO in July 2019. Similarly, SolarEdge Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>)&nbsp;dropped 23%, reaching all-time lows.
First Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) has fallen to a valuation of just 10 times forward earnings—its cheapest in over four years.
Is this a buying opportunity at depressed valuations, or is the worst yet to come?
<h3 class="wp-block-heading">Trump's Anti-Green Policy Stance</h3>
"We expect rhetoric regarding environmental policy and the sustainability of the [Inflation Reduction Act] to be elevated, which could likely lead to continued volatility in stocks in the Green Capex supply chain, particularly pure-play solar/wind stocks," Goldman Sachs analyst Brian Singer explained in a note Friday.
Expect the incoming Trump administration to prioritize easing tailpipe emission regulations and increase resource development on federal land. 
One of the biggest questions for investors is the future of the Inflation Reduction Act (IRA), which has provided significant tax incentives for solar, wind, and other renewable energy projects. 
While Trump and the GOP have expressed skepticism about green subsidies, Goldman Sachs analysts still indicated the IRA could survive in some form due to its broad economic impact.
Goldman Sachs' Singer highlighted that &#8220;the job creation, reshoring, and/or environmental benefits of IRA tax incentives could limit policymakers&#8217; interest in making material incentive revisions.&#8221; Despite Republican opposition, the IRA's solar and wind tax credits have been economically beneficial across various regions, creating a sticking point for politicians wary of hurting local economies.
Potential scenarios for the IRA under Trump include:
<ol>
<li>Full Repeal: This would be the most drastic outcome, likely causing significant disruption in the green energy sector.</li>
<li>Reversion to Pre-IRA Incentives: In this scenario, incentives would roll back to pre-IRA levels, which could still allow some projects to proceed, albeit at a higher cost.</li>
<li>Early Termination: A more moderate approach, setting an earlier end date for current incentives.</li>
</ol>
<h3 class="wp-block-heading">Green Energy vs. Energy Alternatives: A Cost Battle</h3>
Goldman Sachs&#8217; analysis suggests that even without IRA support, solar and wind power could remain cost-competitive with natural gas, though with a slight &#8220;Green Premium.&#8221; 
This means the green sector may stay resilient, but some renewable firms could see a dip in earnings as they adjust to potential shifts in federal support.
<h3 class="wp-block-heading">A Bright Spot: Big Tech And Rising Power Demand</h3>
Global data center power demand is expected to skyrocket by 165% by 2030. 
Tech giants like Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) have expressed support for low-carbon energy solutions, a trend that may buffer the renewable sector against policy headwinds.
Goldman's utilities team projects a 2.4% CAGR in U.S. power demand through 2030, the highest growth rate since the 1990s.
Despite potential policy turbulence, there's a shift underway in the world of ESG investing. &#8220;We have observed a back-to-basics move in the direction of pragmatism,&#8221; says Goldman Sachs, noting that investors are increasingly focused on "materiality-driven links to fundamentals and performance." 
This approach could make sustainable investing less vulnerable to political shifts. Asset managers may seek clearer connections between ESG factors and financial returns.
<h3 class="wp-block-heading">Should You Buy the Dip in Solar Stocks?</h3>
For investors, the question is whether solar stocks are oversold or if more pain lies ahead.
Companies like First Solar are trading at four-year low valuations and almost single-digit price-to-earnings. Some traders might see an opportunity for long-term gains.
The decision boils down to one's risk tolerance and belief in the resilience of the green energy theme.
Buy now, and you might secure a piece of a sector that's critical to the future. Wait, and you may miss out on a potential recovery rally—assuming Trump's policies don't squeeze renewables into oblivion.
Yet, one thing seems assured: The path forward for this sector will likely be volatile under the new administration. 
Now Read:
<ul>
<li><a href="https://www.benzinga.com/government/24/07/39692871/trumps-deregulation-agenda-oil-gas-defense-and-finance-stocks-may-benefit-from-loose-rules-goldman-s">Trump&#8217;s Deregulation Agenda: Oil &amp; Gas, Defense, And Finance Stocks May Benefit From Loose Rules, Goldman Sachs Says</a></li>
</ul>
Image: Midjourney

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PowerShares Global Clean Energy Portfolio

Solar, Renewables Stocks Crash After Trump Win: Should You Buy Now At Cheap Valuations?

SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) reported worse-than-expected third-quarter results on Wednesday and analysts are weighing in on what is <a href="https://www.benzinga.com/news/earnings/24/11/41806208/solaredges-tough-q3-revenue-miss-multi-billion-impairment-bleak-forecast-more">next for the company. </a>
Truist on SEDG: Truist analyst Jordan Levy highlighted prior commentary from Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) on weakness in the European market as forewarning for SolarEdge's disappointing results and guidance. 
SolarEdge expects revenue of between $180 million and $200 million for the fourth quarter, below the consensus of $308.66 million. 
Levy said market weakness is cyclical and sees SolarEdge as a "show-me story" over the coming quarters.&nbsp;
Truist reiterated its Hold rating on SolarEdge and lowered its price target from $20 to $15.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/24/11/41781921/what-does-trumps-victory-mean-for-ev-giant-tesla-and-the-big-3-automakers">What Does Trump&#8217;s Victory Mean For EV Giant Tesla And The Big 3 Automakers?</a>
BMO on SEDG: BMO Capital Markets analyst Ameet Thakkar pointed to Solar Edge's "disappointing update" and "meaningfully" lowered the price target on the stock from $21 to $12 as the European market "has gone from bad to worse."&nbsp;
The BMO analyst maintained a Market Perform rating and said SolarEdge should see growth alongside solar demand.&nbsp;
However, Thakkar said the company's management leaves him cautious and he would like to see "more urgency" in the rate of change to the company's cost structure and operational expenditures.&nbsp;
"At this point, given the already over 80% ytd decline in company share price, high short interest, and SEDG belatedly taking more decisive actions to clear its product channel in Europe we await to see if any progress emerges," the BMO analyst wrote.
SEDG Price Action: According to data from Benzinga Pro, SolarEdge Technologies shares are down 9.74% at $13.43 at the time of publication Friday.&nbsp;
Read More:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/general/biotech/24/11/41822473/trumps-potential-health-czar-robert-f-kennedy-jr-rattles-vaccine-stocks-shoot-first-reaction">Trump&#8217;s Potential &#8216;Health Czar&#8217; Robert F. Kennedy Jr. Rattles Vaccine Stocks: &#8216;Shoot First Reaction&#8217;</a></li>
</ul>
Image: Shutterstock

SolarEdge Is A 'Show-Me Story' After Disappointing Q3: Analyst

UBS analyst Jon Windham maintains SolarEdge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) with a Neutral and lowers the price target from $26 to $18.

UBS Maintains Neutral on SolarEdge Technologies, Lowers Price Target to $18

Truist Securities analyst Jordan Levy maintains SolarEdge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) with a Hold and lowers the price target from $20 to $15.

Truist Securities Maintains Hold on SolarEdge Technologies, Lowers Price Target to $15

TD Cowen analyst Jeffrey Osborne maintains SolarEdge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) with a Hold and lowers the price target from $16 to $11.

TD Cowen Maintains Hold on SolarEdge Technologies, Lowers Price Target to $11

SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) shares are <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">trading relatively flat on Thursday.</a>
Yesterday, the company reported third-quarter results, with revenues of $260.9 million, down 2% from $265.4 million in the prior quarter and down 64% from $725.3 million in the same quarter last year.
Revenues from the solar segment were $247.5 million, down 63% from $676.9 million in the same quarter last year.
Here are the analysts&#8217; takes on the <a target="_blank" href="https://www.benzinga.com//node/41806208" rel="noreferrer noopener">earnings results</a>:
Piper Sandler analyst Kashy Harrison downgraded the stock to Underweight from Neutral, lowering the price forecast to $9 from $17.
The analyst sees cash flow challenges ahead due to normal DSOs/DPOs, weak sales, rising U.S. manufacturing costs, European issues, and the Tesla threat.
The analyst suggests a capital raise and major cost cuts are necessary for survival. Harrison widens the FY24 loss estimate per share to $(21.08) from $(7.20).
Truist Securities analyst Jordan Levy reiterated the Hold rating on the stock, with an unchanged price forecast of $20.
According to the analyst, the topline miss is primarily due to continued weakness in Europe, where MW volumes fell over 30%, while North American volumes rose by a similar percentage.
Further, topline and the gross margin guidance for the fourth quarter fell short of Street estimates, while the Opex guidance was slightly below the Street estimates.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41807202/microsoft-shows-room-to-climb-as-tesla-nvidia-amazon-near-52-week-highs" rel="noreferrer noopener">Microsoft Shows Room To Climb As Tesla, Nvidia, Amazon Near 52-Week Highs</a>
Roth MKM analyst Philip Shen reiterated the Neutral rating on the stock, loweing the price forecast to $12 from $20.
The largest third-quarter writedowns were for excess and obsolete inventory, as the company no longer expects to sell it due to reduced demand in the EU, Shen notes.
The analyst writes that the company aims to return to profitability by focusing on financial stability, regaining market share, and refocusing on core businesses.
It is also reducing costs, streamlining operations in profitable markets, and investing in technology for future growth, Shen notes.
KeyBanc Capital Markets analyst Sophie Karp noted that the company is banking on strong demand for U.S.-made products, alongside new offerings and software, to fuel growth in the next industry cycle.
However, the ongoing demand slump, coupled with recent election developments, is likely to dampen investor interest for now, the analyst writes. The analyst rates SEDG shares Sector Weight.
Price Action: SEDG shares are trading lower by 1.41% to $14.47 at last check Thursday.
Image via Pixabay
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/11/41794926/trump-white-house-could-unlock-trillion-dollar-ai-potential-for-tesla-says-dan-ives" target="_blank" rel="noreferrer noopener">Trump White House Could Unlock Trillion-Dollar AI Potential For Tesla, Says Dan Ives</a></li>
</ul>

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Press Releases

SolarEdge Unveils Next Generation All-in-One Home Solar + Storage Solution at RE+ 2024

Marathon Capital Hires James Fitzgerald as Head of Institutional Sales

RE+ North America 2024: SolarEdge Presents New Software Capabilities of SolarEdge ONE for C&I Energy Optimization Platform

SolarEdge to Announce Financial Results for the Third Quarter Ended September 30, 2024 on Wednesday, November 6, 2024

SolarEdge Announces Early Certification for Europe's Mandatory Cyber Security Requirements for Wireless Connected Products

SolarEdge Applauds the U.S. Treasury Department's Final Rule on the Advanced Manufacturing Production Credit - Accelerating Manufacturing Across U.S. Facilities

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