Solaredge Technologies Intrinsic Stock Value – Deadline Alert: Bernstein Liebhard LLP Reminds Investors of Upcoming Deadline in Lawsuit Against SolarEdge Technologies,
November 17, 2023
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SOLAREDGE ($NASDAQ:SEDG): Bernstein Liebhard LLP recently reminded investors of an upcoming deadline in the class action lawsuit filed against SolarEdge Technologies, Inc. (“SolarEdge” or the “Company”). SolarEdge is a manufacturer of power optimizers, charge controllers, and inverters for solar energy solutions. Its stock is traded on the NASDAQ exchange. For more information about this pending litigation, please visit Bernstein Liebhard’s website.
Share Price
On Wednesday, SOLAREDGE TECHNOLOGIES stock opened at $80.4 and closed at $80.0, up by 0.9% from its last closing price of 79.4. This lawsuit is related to certain false and misleading statements made by the company that caused investors to suffer damages. The complaint alleges that SOLAREDGE TECHNOLOGIES filed false and misleading statements with the U.S. Securities and Exchange Commission about its financial condition, business prospects, and outlook.
Specifically, the company was accused of failing to disclose the deterioration of its business in China due to heightened competition, overestimating its ability to capture market share, and understating the cost of goods sold and gross profit. Investors are advised to contact a lawyer for more information regarding their rights and options. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Solaredge Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 3.55k | 217.54 | 6.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Solaredge Technologies. More…
| Operations | Investing | Financing |
| 71.1 | -224.72 | -3.83 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Solaredge Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.65k | 2.16k | 43.84 |
Key Ratios Snapshot
Some of the financial key ratios for Solaredge Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 32.7% | 14.8% | 8.2% |
| FCF Margin | ROE | ROA |
| -3.2% | 7.3% | 3.9% |
Analysis – Solaredge Technologies Intrinsic Stock Value
We at GoodWhale performed an analysis of SOLAREDGE TECHNOLOGIES to assess its wellbeing. After our assessment, we found that the intrinsic value of SOLAREDGE TECHNOLOGIES share is around $401.0, as calculated by our proprietary Valuation Line. Currently, SOLAREDGE TECHNOLOGIES stock is traded at $80.0, which is undervalued by 80.1%. More…
Peers
In the solar energy industry, there is intense competition between SolarEdge Technologies Inc and its main competitors United Renewable Energy Co Ltd, Folkup Development Inc, and Tainergy Tech Co Ltd. All four companies are striving to be the leading provider of solar energy solutions and each has its own unique strengths and weaknesses. SolarEdge Technologies Inc has a strong focus on innovation and has developed several industry-leading products, while United Renewable Energy Co Ltd has a large customer base and a strong financial position. Folkup Development Inc has a strong research and development team, while Tainergy Tech Co Ltd has a large manufacturing capacity.
– United Renewable Energy Co Ltd ($TWSE:3576)
As of 2022, United Renewable Energy Co Ltd has a market cap of 34.73B and a Return on Equity of 2.02%. The company is engaged in the business of developing, manufacturing and marketing of solar photovoltaic products. It also provides engineering, procurement and construction services for solar power projects.
– Folkup Development Inc ($OTCPK:FLDI)
Folkup Development Inc is a publicly traded company with a market capitalization of $49 million as of 2022. The company has a return on equity of 40.0%, indicating that it is a profitable company that is generate shareholder value. Folkup Development Inc is engaged in the business of real estate development and management. The company has a portfolio of properties in the United States and Canada.
– Tainergy Tech Co Ltd ($TWSE:4934)
Tainergy Tech Co Ltd is a Taiwanese company that manufactures lithium batteries and energy storage systems. The company has a market cap of 5.65 billion as of 2022 and a return on equity of -26.54%. Tainergy Tech Co Ltd manufactures lithium batteries and energy storage systems for a variety of applications, including electric vehicles, power tools, and consumer electronics. The company has a strong presence in the Asia-Pacific region and is expanding its operations globally.
Summary
Investors in SolarEdge Technologies, Inc. (NASDAQ: SEDG) should be aware that a securities class action lawsuit has been filed against the company for alleged violations of federal securities laws. Bernstein Liebhard LLP has reminded investors of the deadline to file a motion to be appointed as Lead Plaintiff in the lawsuit. The lawsuit alleges that SolarEdge made false and/or misleading statements and/or failed to disclose information regarding its revenues, customer relationships and product offerings during the class period. Specifically, it is alleged that the company overstated its revenue growth, claimed it had certain customer relationships it did not actually have, and made false and misleading statements about its product offerings.
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