SolarEdge (SEDG, $53.11) beats Q1 earnings and revenue expectations
SolarEdge Technologies’ earnings edged past analysts’ expectations for the first quarter.
The solar energy technology company reported adjusted earnings of 64 cents per share, which exceeded analysts' estimates of 62 cents. Revenue of $271.9 million also beat analysts’ expectations of $265.4 million.
Guy Sella, founder, chairman and CEO of SolarEdge, mentioned Europe as a strong contributor to the first quarter growth. Sella also said that the acquisition of SMRE makes way for SolarEdge’s entry into the e-mobility market.
For the current quarter, the company expects revenue to range between $310 million and $320 million. Analysts are expecting the company’s revenue to be $314.9 million for the quarter.
SEDG in +34.33% Uptrend, growing for three consecutive days on May 09, 2025
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where SEDG advanced for three days, in of 281 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on May 01, 2025. You may want to consider a long position or call options on SEDG as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for SEDG just turned positive on April 29, 2025. Looking at past instances where SEDG's MACD turned positive, the stock continued to rise in of 55 cases over the following month. The odds of a continued upward trend are .
SEDG moved above its 50-day moving average on May 08, 2025 date and that indicates a change from a downward trend to an upward trend.
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
The 10-day moving average for SEDG crossed bearishly below the 50-day moving average on April 08, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SEDG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
SEDG broke above its upper Bollinger Band on May 06, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for SEDG entered a downward trend on April 23, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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