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.
太阳能科技股份有限公司（NASDAQ: SEDG）的股票在周一早盘交易中暴涨，此前公司宣布了一项3000万美元的私人发行，导致股价在过去一个月内一路暴跌。
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.
该股票正以五年低位交易，根据BofA证券的数据，自今年以来使Enphase Energy 公司（NASDAQ：ENPH）及其太阳能同行表现不佳，跌幅约为50%。
The SolarEdge Technologies Analyst: Dimple Gosai upgrades the rating from Underperform to Neutral, while slashing the price target from $44 to $29.
太阳能科技分析师Dimple Gosai将评级从弱跌转为中立，并将价格目标从44美元下调至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.
根据Gosai在升级通知中的说法，经历最近的回落后，该股票正在定价最坏情况下的存货减值、直到2025年存货渠道拥堵无法恢复和无法实现资产负债表的货币化。
Check out other analyst stock ratings.
查看其他分析师的股票评级。
This worst-case scenario is "unlikely," she added.
她还说，这种最坏情况"不太可能发生"。
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.
虽然欧洲市场"仍在面临巨大的库存压力"，美国市场需求疲软，可能会影响今年的销售额，但分析师称，太阳能科技公司可以在2025年上半年实现盈利。
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.
该公司可能在管理现金方面会面临困难，由于库存周转较慢和信贷展期，需要更高的运营资本，但在短期内，3亿美元的可转换票据应该有助于缓解资产负债表问题。
SEDG Price Action: Shares of SolarEdge Technologies had risen by 12.3% to $28.15 at the time of publication on Monday.
截至周一发布时，太阳能科技公司的股价上涨12.3%，至28.15美元。
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