SolarEdge Technologies Inc

SEDG: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$41.00	Hzbp	Fhlqdzyn

SolarEdge: Shares Fall as Convertible Debt Offering Signals Uncertain Recovery Path; FVE Lowered

Brett Castelli

Jun 26, 2024

SolarEdge shares fell 21% on June 25 after the company announced a $300 million convertible note offering. We lower our fair value estimate to $40 from $53 after lowering our long-term revenue and margin assumptions. We think shares are oversold following a sharp selloff year to date, but we expect continued near-term volatility. We reiterate our Very High uncertainty rating.

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