SolarEdge Technologies' Shares Are Trading At 5-Year Lows: Analyst Expects 'Return To Profitability' In 2025
SolarEdge Technologies' Shares Are Trading At 5-Year Lows: Analyst Expects 'Return To Profitability' In 2025
Shares of SolarEdge Technologies Inc (NASDAQ:SEDG) spiked in early trading on Monday, after plummeting over the past month on the company's announcement of a $300 million private offering.
太陽能科技股份有限公司（NASDAQ: SEDG）的股票在週一早盤交易中暴漲，此前公司宣佈了一項3000萬美元的私人發行，導致股價在過去一個月內一路暴跌。
The stock is trading at five-year lows, following the second-quarter guidance miss, underperforming Enphase Energy Inc (NASDAQ:ENPH) and its solar peers by around 50% year to date, according to BofA Securities.
該股票正以五年低位交易，根據BofA證券的數據，自今年以來使Enphase Energy 公司（NASDAQ：ENPH）及其太陽能同行表現不佳，跌幅約爲50%。
The SolarEdge Technologies Analyst: Dimple Gosai upgrades the rating from Underperform to Neutral, while slashing the price target from $44 to $29.
太陽能科技分析師Dimple Gosai將評級從弱跌轉爲中立，並將價格目標從44美元下調至29美元。
The SolarEdge Technologies Thesis: Following the recent pullback, the stock is pricing in a worst-case scenario of inventory writedowns, no recovery in the inventory channel congestion through 2025 and the inability to monetize the balance sheet, Gosai said in the upgrade note.
根據Gosai在升級通知中的說法，經歷最近的回落後，該股票正在定價最壞情況下的存貨減值、直到2025年存貨渠道擁堵無法恢復和無法實現資產負債表的貨幣化。
Check out other analyst stock ratings.
查看其他分析師的股票評級。
This worst-case scenario is "unlikely," she added.
她還說，這種最壞情況"不太可能發生"。
While the European market "continues to face substantial inventory headwinds" and there is soft demand in the U.S., which could impact sales for the rest of this year, SolarEdge Technologies could return to profitability in the first half of 2025, the analyst stated.
雖然歐洲市場"仍在面臨巨大的庫存壓力"，美國市場需求疲軟，可能會影響今年的銷售額，但分析師稱，太陽能科技公司可以在2025年上半年實現盈利。
The company may find it difficult to manage cash, with higher working capital required due to the slower inventory turnover and credit extensions, but the $300 million in convertible notes should help alleviate balance sheet concerns in the near term, she further stated.
該公司可能在管理現金方面會面臨困難，由於庫存週轉較慢和信貸展期，需要更高的運營資本，但在短期內，3億美元的可轉換票據應該有助於緩解資產負債表問題。
SEDG Price Action: Shares of SolarEdge Technologies had risen by 12.3% to $28.15 at the time of publication on Monday.
截至週一發佈時，太陽能科技公司的股價上漲12.3%，至28.15美元。
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譯文內容由第三人軟體翻譯。