Solaredge — Trading Ideas on TradingView

SEDG Solaredge - More losses ahead?Solaredge Chart Analysis The stock is in a clear downtrend since February with a Significant resistance level at around $32.11 The Minor support seems at around $17.12 Increased volume during price drops indicates strong selling pressure and Prices below the EMA are clues for bearish momentum Key Points for a Trade Entry: Consider waiting for a break below support or a pullback at resistance. Stop-Loss: Set slightly above recent swing high ($24) to manage risk. In case of pullback look for Stops at around $32.90 Trend continuation: Be cautious at EMA crossover or strong volume spikes, which could indicate a trend reversal. Additional Clues: Todays Put Option Volume increased 1,4 times of what was expected indicating bearish flow

SEDG forming double bottoms Reasons for bullish bias: - Price is at strong support - Price formed double bottoms on weekly - Entry at neckline breakout for further confirmation - Strong bullish divergence Entry Level(Buy stop): 106.25 Stop Loss Level: 58.17 Take Profit Level 1: 154.33 Take Profit Level 2: Open

SolarEdge to Reduce 16% of Workforce SolarEdge ( NASDAQ:SEDG ), a prominent player in the renewable energy sector, finds itself grappling with significant challenges as it navigates through turbulent market conditions. Despite its innovative solutions and prior successes, the company's recent performance has been overshadowed by a slew of setbacks, including a stark downturn in revenues and a daunting inventory backlog. Earnings Report The company unveiled a bleak outlook for the first quarter of 2024. With revenues projected to range between $175 million to $215 million, substantially lower than analysts' expectations of $406 million, SolarEdge's ( NASDAQ:SEDG ) stock took a nosedive, plummeting as much as 23% in extended trading. This downward spiral comes on the heels of a challenging period marked by persistently high-interest rates and sluggish demand in the residential solar market. CEO Zvi Lando attributed the company's woes to a confluence of factors, including adverse market dynamics and an inventory glut resulting from a sudden downturn in demand. SolarEdge ( NASDAQ:SEDG ), known for its expertise in manufacturing inverters crucial for converting solar power into electricity, found itself saddled with excess inventory amidst weakening sales. Lando highlighted the struggles faced in both European and U.S. markets, with the latter expected to remain subdued until interest rates witness a significant decline. To address the looming inventory backlog and mitigate the impact of dwindling revenues, SolarEdge ( NASDAQ:SEDG ) announced sweeping measures aimed at cost reduction and operational streamlining. This includes a substantial workforce reduction of 16%, closure of select manufacturing sites, and strategic exits from certain business segments. While these measures are aimed at bolstering the company's resilience in the face of adversity, the road ahead remains fraught with uncertainties. Looking ahead, CEO Zvi Lando expressed cautious optimism regarding the potential rebound of the European residential solar market in the first quarter, followed by gradual improvement thereafter. However, the timeline for clearing the inventory backlog extends well into 2024, underscoring the prolonged challenges confronting SolarEdge ( NASDAQ:SEDG ). Amidst intensifying competition and a rapidly evolving regulatory landscape, the company finds itself at a critical juncture, requiring swift and decisive actions to regain its footing in the market. Conclusion: SolarEdge's ( NASDAQ:SEDG ) recent travails serve as a stark reminder of the inherent volatility and challenges pervasive in the renewable energy sector. As the company charts its course through choppy waters, stakeholders remain vigilant, awaiting signs of a potential turnaround. The path ahead may be fraught with obstacles, but with prudent management and strategic initiatives, SolarEdge ( NASDAQ:SEDG ) retains the potential to emerge stronger and more resilient in the long run.

SolarEdge Faces Turbulent Times Amidst Layoffs and Revenue Fall SolarEdge ( NASDAQ:SEDG ), once a stalwart in the renewable energy sector, finds itself at a crossroads as it announces a massive layoff plan, cutting 900 jobs – a move that underscores the harsh realities of a sharp decline in revenue. The company, which had witnessed an 80% drop in valuation, is grappling with unforeseen challenges, including postponed orders, cancellations, and a challenging macro environment for renewable energy companies. The Downward Spiral: SolarEdge's descent from grace has been rapid, marked by a series of setbacks that have eroded its market value. The company, a former member of the S&P 500 until just two months ago, now faces a four-and-a-half-year low in its stock prices since September 2019. The current market valuation of $3.9 billion is a far cry from its peak at $20 billion in mid-2022, when it stood as the largest Israeli company on Wall Street. Revenue Fall and Analyst Surprises: The heart of SolarEdge's predicament lies in its financial downturn. The company revealed that its revenues for the fourth quarter of 2023 are expected to be a staggering 55% lower than the already diminished figures from the third quarter. Analysts, caught off guard by the severity of the decline, had predicted a drop in revenue but not to such an extent. The third-quarter revenues of $725 million were themselves 27% lower than the second-quarter revenues of $991 million. Factors Behind the Freefall: SolarEdge attributes the sharp decline in revenue to a myriad of factors, including the postponement of orders and cancellations from customers and distributors in Europe. The company is also contending with increased inventory, a challenging macro environment for renewable energy companies, and the impact of changes in tax incentives in the U.S. and Europe. The rise in interest rates, making financing projects more expensive, has further strained the industry's sensitivity to cost increases in the renewable energy sector. BlackRock's Contrarian Move: Despite SolarEdge's woes, investment giant BlackRock has taken a contrarian stance, increasing its stake in the company over recent months. According to a report filed with the U.S. Securities & Exchange Commission (SEC), BlackRock held a 15.8% stake in SolarEdge at the end of 2023, up from 9% in its previous report in April 2023. This move raises questions about BlackRock's confidence in SolarEdge's ability to weather the storm and bounce back from its current challenges. Conclusion: As SolarEdge ( NASDAQ:SEDG ) navigates through these turbulent times, the layoffs and revenue plunge serve as a stark reminder of the volatility inherent in the renewable energy sector. The company's ability to adapt to changing market conditions, address internal challenges, and regain investor confidence will determine its future trajectory. In a landscape where renewable energy companies face multifaceted challenges, SolarEdge's journey unfolds as a cautionary tale and an opportunity for introspection within the industry.

Solaredge Multi-Timeframe Analysis Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow!

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