SolarEdge Technologies Jumps 6x Since 2018 On Rising Sales And Investor Expectations – Forbes
UKRAINE – 2021/07/04: In this photo illustration a SolarEdge Technologies logo is seen on a … [+]
SolarEdge Technologies Inc. (NASDAQ: SEDG) stock price rose over 6x from $35 in 2018 end to around $239 currently, primarily due to favorable changes in its sales and P/S multiple. During this period, the company witnessed a stellar 136% rise in revenues, and combined with a 179% rise in its P/S multiple, the company’s stock price has rallied despite a rise in the outstanding share count. Further, over the same period, the S&P 500 returned around 65%, meaning that SEDG stock has managed to strongly beat the index since 2018-end.
In our interactive dashboard, Why SolarEdge Technologies Stock Moved: SEDG Stock Has Gained 582% Since 2018, we break down the factors behind this move.
SEDG’s Total Revenue has grown 136% from $900 million in FY 2018 to $2.2 billion on an LTM basis
Revenue per share increased 100% from $20.73 in 2018 to $41.43 currently
Price-To-Sales (P/S) multiple for SEDG rose strongly from 2.1x in 2018 to 12.1x by 2020 end, but has pulled back to 5.8x currently, still over 2x higher than its 2018 level
SEDG Return
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