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Solaredge Technologies Inc (SEDG.OQ)

SEDG.OQ on NASDAQ Stock Exchange Global Select Market

36.96USD
2:29am IST
Change (% chg)

$-0.22 (-0.59%)
Prev Close
$37.18
Open
$37.10
Day's High
$37.43
Day's Low
$36.45
Volume
140,496
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261,488
52-wk High
$70.70
52-wk Low
$30.80

Latest Key Developments (Source: Significant Developments)

Smre Board Members Resign After Solaredge Technologies Acquires Majority Stake
Monday, 7 Jan 2019 

Jan 7 (Reuters) - Smre Spa ::FOLLOWING ACQUISITION BY SOLAREDGE TECHNOLOGIES OF MAJORITY STAKE, ALL BOARD MEMBERS RESIGN.RESIGNING BOARD WILL REMAIN IN OFFICE UNTIL NEW ONE IS APPOINTED.BOARD HAS APPROVED REORGANIZATION OF COMPANY TO BUY 100 PERCENT OF SISTEMATICA.SISTEMATICA WILL ALSO DIVEST IN FAVOUR OF SISTEMATICA CONSULTING SOME NON-STRATEGIC MINORITY STAKES.TO BUY 18.1 PERCENT STAKE IN SISTEMATICA FROM SISTEMATICA CONSULTING AND FURTHER 13 PERCENT STAKE OWNED BY GEPAFIN.TOTAL PRICE OF TWO STAKES IN SISTEMATICA IS EUR 3.5 MILLION.  Full Article

SolarEdge To Enter E-Mobility Market With Acquisition Of S.M.R.E. SpA
Monday, 7 Jan 2019 

Jan 7 (Reuters) - Solaredge Technologies Inc ::SOLAREDGE TO ENTER E-MOBILITY MARKET WITH ACQUISITION OF S.M.R.E. SPA.THIS INITIAL ACQUISITION IS EXPECTED TO REDUCE SOLAREDGE'S CASH BALANCE BY APPROXIMATELY $39 MILLION.INITIAL ACQUISITION ENTAILS A PURCHASE FROM FOUNDER AND AN ADDITIONAL TWO STOCKHOLDERS OF APPROXIMATELY 51% OF OUTSTANDING SHARES OF SMRE.CONTRIBUTION OF SMRE TO SOLAREDGE'S REVENUES IN Q1 IS EXPECTED TO BE MINIMAL.ACQUISITION ENTAILS A PURCHASE FROM FOUNDER FOR AN AGGREGATE INVESTMENT OF APPROXIMATELY $77 MILLION.50% OF ACQUSITION TO BE PAID IN CASH AND REMAINING 50% TO BE PAID IN SHARES OF SOLAREDGE COMMON STOCK.CONTRIBUTION OF SMRE TO CO'S REVENUES IN Q1 EXPECTED TO BE MINIMAL, EFFECT ON NON GAAP EPS IS EXPECTED TO BE ($0.01)-($0.03).  Full Article

SolarEdge reports Q3 earnings per share $0.61
Thursday, 9 Nov 2017 

Nov 8 (Reuters) - SolarEdge Technologies Inc -:SolarEdge announces third quarter 2017 financial results.Q3 non-gaap earnings per share $0.66.Q3 gaap earnings per share $0.61.Q3 revenue $166.6 million versus I/B/E/S view $155.8 million.Sees Q4 2017 revenue $175 million to $185 million.Q3 earnings per share view $0.55 -- Thomson Reuters I/B/E/S.Q4 revenue view $144.1 million -- Thomson Reuters I/B/E/S.SolarEdge Technologies Inc sees Q4 ‍gross margins to be within range of 33% to 35%​.  Full Article

Solaredge qtrly non-gaap EPS $0.32
Wednesday, 15 Feb 2017 

Solaredge Technologies Inc : Solaredge announces quarter ended december 31, 2016 financial results . Quarterly non-gaap earnings per share $0.32 . Quarterly gaap earnings per share $0.22 . Quarterly revenue fell 11 percent to $111.5 million . Sees quarterly revenue $110 million to $120 million .Sees gross margins to be within range of 31% to 33% for quarter ending march 31, 2017.  Full Article