SolarEdge Technologies Stock Has Jumped More Than 8x Since 2017- Here’s Why – 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 8x from $37 in 2017 end to around $313 currently, primarily due to favorable changes in its sales. During this period, the company witnessed a stellar 305% rise in revenues, and combined with a 107% 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 a little less than 50%, meaning that SEDG stock has managed to strongly beat the index since 2017-end.
In our interactive dashboard, Why SolarEdge Technologies Stock Moved: SEDG Stock Has Gained 734% Since 2017, we break down the factors behind this move.
SEDG’s Total Revenue has grown 305% from $600 million in FY 2017 to $2.5 billion on an LTM basis
Factors of SEDG Stock Price Change
Revenue per share increased 207% from $14.35 in 2017 to $44.05 currently
Price-To-Sales (P/S) multiple for SEDG rose strongly from 3.4x in 2017 to 12.1x by 2020 end, but has pulled back to 7.1x currently, still over 2x higher than its 2017 level
What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.
SEDG Return Compared With Trefis Multi-Strategy Portfolio
Invest with Trefis Market Beating Portfolios
See all Trefis Price Estimates