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SolarEdge: Europe To Continue To Be Growth Driver

Geoffrey Seiler profile picture
Geoffrey Seiler


  • SolarEdge's European exposure is shown through with its strong Q1 results.
  • Strong margin improvement was another highlight in the quarter, with it expected to continue into Q2.
  • With SEDG's estimates up and the stock down since I last looked at, the stock remains a "Buy."
Electrician installing solar panel system, wiring inverter and electric box

anatoliy_gleb/iStock via Getty Images

Since my initial bullish write-up on SolarEdge Technologies (NASDAQ:SEDG) in late March, the stock has been pretty stagnant. Let’s take a closer look at its most recent results.

Q1 Results

For Q1, SEDG reported a 44% increase in revenue to $943.9 million. The consensus

This article was written by

Geoffrey Seiler profile picture
Former Senior Equity Analyst at $600M long-short hedge fund Raging Capital.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Comments (6)

jarhead999 profile picture
Go with ENPH solid in USA and fast expanding Europe higher MWH invertors, better management. I own both, larger position ENPH. Hell, buy both...lol

Yep, that is my position. I do see higher growth for SEDG in the next year or so but long-term I'd bet ENPH grows are a higher avg over the next 5+ years.
SEDG is a hold for another 5 yrs as of now. I own both SEDG and ENPH. I was wondering why ENPH was quoting higher than SEDG for a long time. Markets have answered me by bumping up SEDG much higher than ENPH in recent months. SEDG has a much higher TAM than ENPH. Happy to own both
Saries profile picture
Consider this article well written and informative but stated something without giving a specific reason. Stated that ENPH was more U.S.-centric and SEDG was more European based. Why? Is it because of where the companies are located, better products for the different electrical systems or something else like politics.
@Saries Enphase has just began expanding internationally. So I believe the answer is simply a difference in business strategy.
Turre profile picture
@Saries Simply based on where Enphase gets most of its revenue. US by far largest now but Europe starts to be like 30% and pushing higher.
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