0001178913-24-001634.txt : 20240508 0001178913-24-001634.hdr.sgml : 20240508 20240508160749 ACCESSION NUMBER: 0001178913-24-001634 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240508 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240508 DATE AS OF CHANGE: 20240508 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOLAREDGE TECHNOLOGIES, INC. CENTRAL INDEX KEY: 0001419612 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 205338862 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36894 FILM NUMBER: 24926002 BUSINESS ADDRESS: STREET 1: 1 HAMADA STREET CITY: HERZILIYA PITUACH STATE: L3 ZIP: 4673335 BUSINESS PHONE: 972 (9) 957-6620 MAIL ADDRESS: STREET 1: 1 HAMADA STREET CITY: HERZILIYA PITUACH STATE: L3 ZIP: 4673335 FORMER COMPANY: FORMER CONFORMED NAME: SolarEdge Technologies Inc DATE OF NAME CHANGE: 20071128 8-K 1 zk2431427.htm 8-K
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K
 
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
 
Date of report (Date of earliest event reported):  May 8, 2024
 
 
SOLAREDGE TECHNOLOGIES, INC
(Exact name of registrant as specified in its charter)
 
 
Delaware
 
001-36894
 
20-5338862
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(I.R.S. Employer
Identification No.)
 
     
1 Hamada Street, Herziliya Pituach, Israel
 
4673335
(Address of Principal executive offices)
 
(Zip Code)

Registrant’s Telephone number, including area code: 972 (9) 957-6620
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2 below):
 
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:

Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common stock, par value $0.0001 per share
 SEDG
NASDAQ (Global Select Market)
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company          ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.          ◻
 

Item 2.02.          Results of Operations and Financial Condition.

On May 8, 2024, SolarEdge Technologies, Inc. (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2024. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

In accordance with General Instruction B.2 of Form 8-K, this information, including the exhibits hereto, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall such information, including the exhibits hereto be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits

Exhibit No.
Description
Exhibit 104
Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
SOLAREDGE TECHNOLOGIES, INC.
  
       
Date:  May 8, 2024
By:
/s/ Ronen Faier  
  Name: Ronen Faier  
  Title: Chief Financial Officer  

EX-99.1 2 exhibit_99-1.htm EXHIBIT 99.1
Exhibit 99.1


SolarEdge Announces First Quarter 2024 Financial Results
 
MILPITAS, Calif. — May 8, 2024. SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology, today announced its financial results for the first quarter ended March 31, 2024.
 
First Quarter 2024 Highlights
 

 •
Revenues of $204.4 million

•
Revenues from solar segment of $190.1 million

•
GAAP gross margin of negative 12.8%

•
Non-GAAP gross margin1 of negative 6.5%, including 4.5% of net IRA benefit

•
Gross margin from solar segment of negative 3.5%

•
GAAP operating loss of $173.7 million

•
Non-GAAP operating loss1 of $122.5 million

•
GAAP net loss of $157.3 million

•
Non-GAAP net loss1 of $108.6 million

•
GAAP net loss per share of $2.75

•
Non-GAAP net loss per share1 of $1.90

•
946 Megawatts (AC) of inverters shipped

•
128 MWh of batteries for PV applications shipped
 
“Our first quarter results were aligned with our expectations of inventory clearing and typical seasonality,” said Zvi Lando, Chief Executive Officer of SolarEdge. “As we enter spring when installations historically tend to rise, we expect channel inventory to continue to decline and revenues to improve. In parallel, we are focused on a suite of new products that we plan to release in the next several quarters to position ourselves for the next growth cycle in our industry.”

First Quarter 2024 Summary
 
The Company reported revenues of $204.4 million, down 35% from $316.0 million in the prior quarter and down 78% from $943.9 million in the same quarter last year.
 
Revenues from the solar segment were $190.1 million, down 33% from $282.4 million in the prior quarter and down 79% from $908.5 million in the same quarter last year.
 
GAAP gross margin was negative 12.8%, compared to negative 17.9% in the prior quarter and compared to 31.8% in the same quarter last year.

____________________________________________________________________________
1 Non-GAAP financial measure. See “Non-GAAP Financial Measures” for additional information on non-GAAP financial measures and a reconciliation to the most comparable GAAP measures.
 
Non-GAAP gross margin1 was negative 6.5%, compared to non-GAAP gross margin of 3.3% in the prior quarter and compared to 32.6% in the same quarter last year.
 
Gross margin from the solar segment was negative 3.5%, compared to 4.0% in the prior quarter and compared to 35.0% in the same quarter last year.
 
GAAP operating expenses were $147.5 million, down 19% from $181.2 million in the prior quarter and down 5% from $156.0 million in the same quarter last year.
 
Non-GAAP operating expenses1 were $109.2 million, down 8% from $118.3 million in the prior quarter and down 12% from $123.6 million in the same quarter last year.
 
GAAP operating loss was $173.7 million, compared to a GAAP operating loss of $237.6 million in the prior quarter and compared to GAAP operating income of $144.2 million in the same quarter last year.
 
Non-GAAP operating loss1 was $122.5 million, compared to Non-GAAP operating loss of $107.8 million in the prior quarter and compared to Non-GAAP operating income $183.8 million in the same quarter last year.
 
GAAP net loss was $157.3 million, compared to a GAAP net loss of $162.4 million in the prior quarter and compared to a GAAP net income of $138.4 million in the same quarter last year.
 
Non-GAAP net loss1 was $108.6 million, compared to a Non-GAAP net loss of $52.5 million in the prior quarter and compared to a Non-GAAP net income of $174.5 million in the same quarter last year.
 
GAAP net loss per share was $2.75, compared to a GAAP net loss per share of $2.85 in the prior quarter and compared to a GAAP net diluted earnings per share (“EPS”) of $2.35 in the same quarter last year.
 
Non-GAAP net loss per share1 was $1.90, compared to a Non-GAAP net loss per share of $0.92 in the prior quarter and compared to a Non-GAAP net diluted EPS of $2.90 in the same quarter last year.
 
Cash used in operating activities was $217.0 million, compared with $139.9 million used in operating activities in the prior quarter and $7.9 million generated from operating activities in the same quarter last year.
 
As of March 31, 2024, cash, cash equivalents, bank deposits, restricted bank deposits and marketable securities totaled $316.3 million, net of debt, compared to $634.7 million as of December 31, 2023.
 
In the first quarter of 2024, the company repurchased 506,000 shares of our common stock under our previously announced share repurchase program approved by the Board of Directors at an average price of $65.67 per share, for a total consideration of approximately $33 million.
_____________________________________________________________________
1 Non-GAAP financial measure. See “Non-GAAP Financial Measures” for additional information on non-GAAP financial measures and a reconciliation to the most comparable GAAP measures.
 
Outlook for the Second Quarter 2024
 
The Company also provides guidance for the second quarter ending June 30, 2024 as follows:


 •
Revenues to be within the range of $250 million to $280 million

•
Non-GAAP gross margin* expected to be within the range of negative 4% to 0%, including approximately 350 basis points of net IRA manufacturing tax credit

•
Non-GAAP operating expenses* to be within the range of $116 million to $120 million

•
Revenues from the solar segment to be within the range of $225 million to $255 million

•
Gross margin from the solar segment expected to be within the range of negative 3% to positive 1% including approximately 420 basis points of net IRA manufacturing tax credit
 
*Non-GAAP gross margin and Non-GAAP operating expenses are non-GAAP financial measures, and these forward-looking measures have not been reconciled to the most comparable GAAP outlook because it is not possible to do so without unreasonable efforts due to the uncertainty and potential variability of reconciling items, which are dependent on future events and often outside of management’s control and which could be significant. Because such items cannot be reasonably predicted with the level of precision required, we are unable to provide outlook for the comparable GAAP measures. Forward-looking estimates of Non-GAAP gross margin and Non-GAAP operating expenses are made in a manner consistent with the relevant definitions and assumptions noted herein and in our filings with the SEC.
 
Conference Call
 
The Company will host a conference call to discuss its results for the first quarter ended March 31, 2024 at 4:30 p.m. ET on Wednesday, May 8, 2024. The call will be available, live, to interested parties by dialing 888-632-3384. For international callers, please dial +1 785-424-1794. The Conference ID is SEDG.  To avoid a delay in connecting to the call, please dial in 10 minutes prior to the start time. A live webcast will also be available in the Investors Relations section of the Company’s website at: http://investors.solaredge.com
 
A replay of the webcast will be available in the Investor Relations section of the Company’s web site approximately two hours after the conclusion of the call and will remain available for approximately 30 calendar days.

______________________________________________________________________
1 Non-GAAP financial measure. See “Non-GAAP Financial Measures” for additional information on non-GAAP financial measures and a reconciliation to the most comparable GAAP measures.
 
About SolarEdge
 
SolarEdge is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power our lives and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, and grid services solutions. SolarEdge is online at www.solaredge.com
 
Use of Non-GAAP Financial Measures
 
To provide investors and others with additional information regarding SolarEdge’s results, SolarEdge has disclosed in this earnings release the following non-GAAP financial measures: non-GAAP operating income (loss), non-GAAP operating expenses, non-GAAP gross margin, non-GAAP net income (loss), and non-GAAP net earnings (loss) per share. SolarEdge has provided a reconciliation of each non-GAAP financial measure used in this earnings release to the most directly comparable GAAP financial measure below. These non-GAAP financial measures differ from GAAP in that they exclude stock-based compensation, amortization and impairment of acquired intangible assets, restructuring and impairment charges, acquisition, disposition and other items, certain litigation and other contingencies, amortization of debt issuance cost, non-cash interest expense and non-cash revenue recognized from significant financing component, certain foreign currency exchange rates, gains and losses on investments, income and losses from equity method investments and discrete items that impacted our GAAP tax rate. Our non-GAAP financial measures also reflect the application of our non-GAAP tax rate.
 
SolarEdge’s management uses these non-GAAP financial measures to understand and compare operating results across accounting periods, for internal budgeting and forecasting purposes, for short- and long-term operating plans, to calculate bonus payments and to evaluate SolarEdge’s financial performance, the performance of its individual functional groups and the ability of operations to generate cash. Management believes these non-GAAP financial measures reflect SolarEdge’s ongoing business in a manner that allows for meaningful period-to-period comparisons and analysis of trends in SolarEdge’s business, as they exclude charges and gains that are not reflective of ongoing operating results. Management also believes that these non-GAAP financial measures provide useful information to investors and others in understanding and evaluating SolarEdge’s operating results and future prospects from the same perspective as management and in comparing financial results across accounting periods.
 
The use of non-GAAP financial measures has certain limitations because they do not reflect all items of income and expense that affect SolarEdge’s operations. These non-GAAP financial measures should be considered in addition to, not as a substitute for or in isolation from, measures prepared in accordance with GAAP and should not be considered measures of SolarEdge’s liquidity. Further, these non-GAAP measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore comparability may be limited. Management encourages investors and others to review SolarEdge’s financial information in its entirety and not rely on a single financial measure.
 
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Statements contained in this press release may contain forward-looking statements that are based on our management’s expectations, estimates, projections, beliefs and assumptions in accordance with information currently available to our management. This press release contains certain forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  Forward-looking statements include information, among other things, concerning our possible or assumed future results of operations, future demands for solar energy solutions, business strategies, technology developments, new products and services, financing and investment plans, dividend policy, competitive position, industry and regulatory environment, general economic conditions, potential growth opportunities, cancellations and pushouts of existing backlog, installation rates, and the effects of competition. Forward-looking statements include statements that are not historical facts and can be identified by terms such as “anticipate,” “believe,” “could,” “seek,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would” or similar expressions and the negatives of those terms.

Forward-looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Given these uncertainties, you should not place undue reliance on forward-looking statements.  Also, forward-looking statements represent our management’s beliefs and assumptions only as of the date of this release. Important factors that could cause actual results to differ materially from our expectations include, but are not limited to: future demand for renewable energy including solar energy solutions; our ability to forecast demand for our products accurately and to match production to such demand as well as our customers’ ability to forecast demand based on inventory levels; macroeconomic conditions in our domestic and international markets, as well as inflation concerns, rising interest rates,  and recessionary concerns; changes, elimination or expiration of government subsidies and economic incentives for on-grid solar energy applications; changes in the U.S. trade environment; federal, state, and local regulations governing the electric utility industry with respect to solar energy; changes in tax laws, tax treaties, and regulations or the interpretation of them, including the Inflation Reduction Act; the retail price of electricity derived from the utility grid or alternative energy sources; interest rates and supply of capital in the global financial markets in general and in the solar market specifically; competition, including introductions of power optimizer, inverter and solar photovoltaic system monitoring products by our competitors; developments in alternative technologies or improvements in distributed solar energy generation; historic cyclicality of the solar industry and periodic downturns; product quality or performance problems in our products; shortages, delays, price changes, or cessation of operations or production affecting our suppliers of key components; our dependence upon a small number of outside contract manufacturers and limited or single source suppliers; capacity constraints, delivery schedules, manufacturing yields, and costs of our contract manufacturers and availability of components; delays, disruptions, and quality control problems in manufacturing; existing and future responses to and effects of pandemics, epidemics, or other health crises; disruption in our global supply chain and rising prices of oil and raw materials as a result of the conflict between Russia and Ukraine; our customers’ financial stability and our ability to retain customers; our ability to retain key personnel and attract additional qualified personnel; performance of distributors and large installers in selling our products; consolidation in the solar industry among our customers and distributors; our ability to manage effectively the growth of our organization and expansion into new markets and integration of acquired businesses; our ability to recognize expected benefits from restructuring plans; any unauthorized access to, disclosure, or theft of personal information or unauthorized access to our network or other similar cyber incidents; disruption to our business operations due to the evolving state of war in Israel and political conditions related to the Israeli government's plans to significantly reduce the Israeli Supreme Court's judicial oversight; our dependence on ocean transportation to timely deliver our products in a cost-effective manner; fluctuations in global currency exchange rates; the impact of evolving legal and regulatory requirements, including emerging environmental, social and governance requirements; changes to net metering policies or the reduction, elimination or expiration of government subsidies and economic incentives for on-grid solar energy applications; federal, state, and local regulations governing the electric utility industry with respect to solar energy; changes in tax laws, tax treaties, and regulations or the interpretation of them, including the Inflation Reduction Act; changes in the U.S. trade environment, including the imposition of import tariffs; business practices and regulatory compliance of our raw material suppliers; our ability to maintain our brand and to protect and defend our intellectual property; volatility of our stock price; our customers’ financial stability, creditworthiness, and debt leverage ratio; our ability to retain key personnel and attract additional qualified personnel; our ability to effectively design, launch, market, and sell new generations of our products and services; our ability to retain, and events affecting, our major customers; our ability to service our debt;  and the other factors set forth under “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2023, filed on February 26, 2024, and in other documents we file from time to time with the SEC that disclose risks and uncertainties that may affect our business. The preceding list is not intended to be an exhaustive list of all of our forward‐looking statements. You should not rely upon forward‐looking statements as predictions of future events. Although we believe that the expectations reflected in the forward‐looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward‐looking statements will be achieved or will occur. Statements in this press release speak only as of the date they were made. The Company undertakes no duty or obligation to update any forward-looking statements contained in this release, whether as a result of new information, future events or changes in its expectations or otherwise, except as may be required by applicable law, regulation or other competent legal authority.

Investor Contacts
SolarEdge Technologies, Inc.
JB Lowe, Head of Investor Relations
investors@solaredge.com

Sapphire Investor Relations, LLC
Erica Mannion or Michael Funari
investors@solaredge.com

SOLAREDGE TECHNOLOGIES INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS)
(in thousands, except per share data)

   
Three Months Ended
March 31,
  
   
2024
    
2023
  
   
Unaudited
  
Revenues
  
$
204,399
    
$
943,889
  
Cost of revenues
    
230,586
      
643,763
  
Gross profit (loss)
    
(26,187
)
    
300,126
  
Operating expenses:
                
Research and development
    
75,351
      
79,873
  
Sales and marketing
    
38,911
      
40,966
  
General and administrative
    
30,865
      
36,567
  
Other operating expense (income), net
    
2,391
      
(1,434
)
Total operating expenses
    
147,518
      
155,972
  
Operating income (loss)
    
(173,705
)
    
144,154
  
Financial income (expense), net
    
(7,064
)
    
23,674
  
Other loss, net
    
—
      
(125
)
Income (loss) before income taxes
    
(180,769
)
    
167,703
  
Tax benefits (income taxes)
    
23,754
      
(29,325
)
Net loss from equity method investments
    
(296
)
    
—
  
Net income (loss)
  
$
(157,311
)
  
$
138,378
  

SOLAREDGE TECHNOLOGIES INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except per share data)

   
March 31,
2024
    
December 31,
2023
  
ASSETS
            
CURRENT ASSETS:
            
Cash and cash equivalents
  
$
214,229
    
$
338,468
  
Marketable securities
    
466,407
      
521,570
  
Trade receivables, net of allowances of $19,110 and $16,400 respectively
    
404,390
      
622,425
  
Inventories, net
    
1,549,122
      
1,443,449
  
Prepaid expenses and other current assets
    
354,919
      
378,394
  
Total current assets
    
2,989,067
      
3,304,306
  
LONG-TERM ASSETS:
                
   Marketable securities
    
268,203
      
407,825
  
   Deferred tax assets, net
    
122,564
      
80,912
  
   Property, plant and equipment, net
    
605,223
      
614,579
  
   Operating lease right-of-use assets, net
    
59,474
      
64,167
  
   Intangible assets, net
    
33,037
      
35,345
  
   Goodwill
    
41,470
      
42,996
  
   Other long-term assets
    
47,784
      
37,601
  
Total long-term assets
    
1,177,755
      
1,283,425
  
Total assets
    
4,166,822
      
4,587,731
  
 LIABILITIES AND STOCKHOLDERS’ EQUITY
                
CURRENT LIABILITIES:
                
Trade payables, net
    
171,412
      
386,471
  
Employees and payroll accruals
    
73,666
      
76,966
  
Warranty obligations
    
181,333
      
183,047
  
Deferred revenues and customers advances
    
36,081
      
40,836
  
Accrued expenses and other current liabilities
    
196,398
      
205,911
  
Total current liabilities
    
658,890
      
893,231
  
LONG-TERM LIABILITIES:
                
Convertible senior notes, net
    
628,115
      
627,381
  
Warranty obligations
    
321,166
      
335,197
  
Deferred revenues
    
218,535
      
214,607
  
Finance lease liabilities
    
40,630
      
41,892
  
Operating lease liabilities
    
40,982
      
45,070
  
Other long-term liabilities
    
17,953
      
18,444
  
Total long-term liabilities
    
1,267,381
      
1,282,591
  
COMMITMENTS AND CONTINGENT LIABILITIES
                
STOCKHOLDERS’ EQUITY:
                
Common stock of $0.0001 par value - Authorized: 125,000,000 shares; issued: 57,298,691 shares at March 31, 2024 and 57,123,437  shares at December 31, 2023; outstanding: 56,792,795 shares at March 31, 2024 and 57,123,437 shares at December 31, 2023.
    
6
      
6
  
Additional paid-in capital
    
1,719,523
      
1,680,622
  
Treasury stock, at cost; 505,896 shares held
    
(33,222
)
    
—
  
Accumulated other comprehensive loss
    
(66,611
)
    
(46,885
)
Retained earnings
    
620,855
      
778,166
  
Total stockholders’ equity
    
2,240,551
      
2,411,909
  
Total liabilities and stockholders’ equity
  
$
4,166,822
    
$
4,587,731
  

SOLAREDGE TECHNOLOGIES INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands, except per share data)

   
Three Months Ended
March 31,
  
   
2024
    
2023
  
Cash flows from operating activities:
            
Net income (loss)
  
$
(157,311
)
  
$
138,378
  
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
                
Depreciation and amortization
    
14,988
      
13,464
  
Loss (gain) from exchange rate fluctuations
    
7,799
      
(20,441
)
Stock-based compensation expenses
    
37,606
      
39,235
  
Deferred income taxes, net
    
(41,847
)
    
(3,930
)
Other items
    
4,371
      
2,810
  
Changes in assets and liabilities:
                
Trade receivables, net
    
210,376
      
(55,002
)
Inventories, net
    
(105,810
)
    
(141,521
)
Prepaid expenses and other assets
    
42,164
      
(20,591
)
Right-of-use assets
    
5,255
      
3,918
  
Trade payables, net
    
(210,449
)
    
(50,410
)
Employees and payroll accruals
    
(2,460
)
    
10,227
  
Warranty obligations
    
(15,582
)
    
57,864
  
Deferred revenues and customers advances
    
(523
)
    
9,325
  
Operating lease liabilities
    
(5,219
)
    
(3,958
)
Accrued expenses and other liabilities, net
    
(377
)
    
28,555
  
Net cash provided by (used in) operating activities
    
(217,019
)
    
7,923
  
Cash flows from investing activities:
                
Investment in available-for-sale marketable securities
    
(129,221
)
    
(38,979
)
Proceeds from sales and maturities of available-for-sale marketable securities
    
319,605
      
11,597
  
Purchase of property, plant and equipment
    
(26,347
)
    
(38,338
)
Disbursements for loans receivables
    
(7,500
)
    
—
  
Investment in privately-held companies
    
(8,831
)
    
(5,500
)
Proceeds from loan receivables
    
1,625
      
—
  
Other investing activities
    
(323
)
    
3,440
  
Net cash provided by (used in) investing activities
    
149,008
      
(67,780
)
Cash flows from financing activities:
                
Repurchase of common stock
    
(33,222
)
    
—
  
Payments on account of repurchase of common stock
    
(16,778
)
    
—
  
Tax withholding in connection with stock-based awards, net
    
(470
)
    
(4,541
)
Other financing activities
    
(517
)
    
(681
)
Net cash used in financing activities
    
(50,987
)
    
(5,222
)
                 
Effect of exchange rate differences on cash and cash equivalents
    
(5,241
)
    
9,816
  
                 
Decrease in cash and cash equivalents
    
(124,239
)
    
(55,263
)
Cash and cash equivalents at the beginning of the period
    
338,468
      
783,112
  
Cash and cash equivalents at the end of the period
  
$
214,229
    
$
727,849
  

SOLAREDGE TECHNOLOGIES INC.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (Unaudited)
(in thousands, except per share data and percentages)

   
Three months ended
    
Year ended
  
   
March 31, 2024
    
December 31, 2023
    
September 30, 2023
    
June 30, 2023
    
March 31, 2023
    
December 31, 2023
    
December 31, 2022
    
December 31, 2021
  
Gross profit (loss) (GAAP)
  
$
(26,187
)
  
$
(56,425
)
  
$
142,817
    
$
317,305
    
$
300,126
    
$
703,823
    
$
844,648
    
$
629,318
  
Revenues from finance component
    
(234
)
    
(230
)
    
(215
)
    
(202
)
    
(187
)
    
(834
)
    
(614
)
    
(418
)
Discontinued operation
    
(434
)
    
36,648
      
—
      
—
      
—
      
36,648
      
4,314
      
—
  
Stock-based compensation
    
5,968
      
5,468
      
5,882
      
5,923
      
5,927
      
23,200
      
21,818
      
18,743
  
Amortization of stock-based compensation capitalized in inventories
    
197
      
343
      
441
      
316
      
—
      
1,100
      
—
      
—
  
Amortization and depreciation of acquired asset
    
1,551
      
1,555
      
2,096
      
872
      
1,515
      
6,038
      
7,429
      
9,326
  
Restructuring charges
    
5,822
      
23,154
      
—
      
—
      
—
      
23,154
      
—
      
—
  
Gross profit (loss) (Non-GAAP)
  
$
(13,317
)
  
$
10,513
    
$
151,021
    
$
324,214
    
$
307,381
    
$
793,129
    
$
877,595
    
$
656,969
  
                                                                 
Gross margin (loss) (GAAP)
    
(12.8
)%
    
(17.9
)%
    
19.7
%
    
32.0
%
    
31.8
%
    
23.6
%
    
27.2
%
    
32.0
%
Revenues from finance component
    
(0.1
)
    
(0.1
)
    
0.0
      
0.0
      
0.0
      
0.0
      
0.0
      
0.0
  
Discontinued operation
    
(0.2
)
    
11.6
      
—
      
—
      
—
      
1.2
      
0.1
      
—
  
Stock-based compensation
    
2.9
      
1.8
      
0.8
      
0.6
      
0.6
      
0.9
      
0.7
      
1.0
  
Amortization of stock-based compensation capitalized in inventories
    
0.1
      
0.1
      
0.0
      
0.0
      
—
      
0.0
      
—
      
—
  
Amortization and depreciation of acquired asset
    
0.8
      
0.5
      
0.3
      
0.1
      
0.2
      
0.2
      
0.2
      
0.5
  
Restructuring charges
    
2.8
      
7.3
      
—
      
—
      
—
      
0.8
      
—
      
—
  
Gross margin (loss) (Non-GAAP)
    
(6.5
)%
    
3.3
%
    
20.8
%
    
32.7
%
    
32.6
%
    
26.7
%
    
28.2
%
    
33.5
%
                                                                 
Operating expenses (GAAP)
  
$
147,518
    
$
181,156
    
$
159,543
    
$
166,947
    
$
155,972
    
$
663,618
    
$
678,528
    
$
422,179
  
Stock-based compensation - R&D
    
(17,139
)
    
(15,982
)
    
(16,481
)
    
(17,272
)
    
(17,209
)
    
(66,944
)
    
(63,211
)
    
(45,424
)
Stock-based compensation - S&M
    
(7,911
)
    
(7,347
)
    
(7,739
)
    
(7,822
)
    
(8,079
)
    
(30,987
)
    
(31,017
)
    
(22,834
)
Stock-based compensation - G&A
    
(6,588
)
    
(6,133
)
    
(6,713
)
    
(7,948
)
    
(8,020
)
    
(28,814
)
    
(29,493
)
    
(15,592
)
Amortization and depreciation of acquired assets - R&D
    
(270
)
    
(58
)
    
(329
)
    
(289
)
    
(313
)
    
(989
)
    
(1,206
)
    
(530
)
Amortization and depreciation of acquired assets - S&M
    
(124
)
    
(190
)
    
(321
)
    
(235
)
    
(181
)
    
(927
)
    
(822
)
    
(927
)
Amortization and depreciation of acquired assets - G&A
    
(2
)
    
(2
)
    
(4
)
    
17
      
(26
)
    
(15
)
    
(21
)
    
(29
)
Discontinued operation
    
47
      
(388
)
    
—
      
—
      
—
      
(388
)
    
—
      
—
  
Restructuring charges
    
(3,943
)
    
—
      
—
      
—
      
—
      
—
      
—
      
—
  
Assets impairment
    
(1,732
)
    
(30,790
)
    
—
      
—
      
—
      
(30,790
)
    
(119,141
)
    
(2,209
)
Gain (loss) from assets sales and disposal
    
(1,058
)
    
(172
)
    
—
      
—
      
1,434
      
1,262
      
2,603
      
976
  
Certain litigation and other contingencies
    
399
      
(1,786
)
    
—
      
—
      
—
      
(1,786
)
    
—
      
—
  
Acquisition costs
    
(9
)
    
—
      
—
      
(135
)
    
—
      
(135
)
    
(350
)
    
—
  
Operating expenses (Non-GAAP)
  
$
109,188
    
$
118,308
    
$
127,956
    
$
133,263
    
$
123,578
    
$
503,105
    
$
435,870
    
$
335,610
  

SOLAREDGE TECHNOLOGIES INC.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (Unaudited)
(in thousands, except per share data and percentages)

   
Three months ended
    
Year ended
  
   
March 31, 2024
    
December 31, 2023
    
September 30, 2023
    
June 30, 2023
    
March 31, 2023
    
December 31, 2023
    
December 31, 2022
    
December 31, 2021
  
Operating income (loss) (GAAP)
  
$
(173,705
)
  
$
(237,581
)
  
$
(16,726
)
  
$
150,358
    
$
144,154
    
$
40,205
    
$
166,120
    
$
207,139
  
Revenues from finance component
    
(234
)
    
(230
)
    
(215
)
    
(202
)
    
(187
)
    
(834
)
    
(614
)
    
(418
)
Discontinued operation
    
(481
)
    
37,036
      
—
      
—
      
—
      
37,036
      
4,314
      
—
  
Stock-based compensation
    
37,606
      
34,930
      
36,815
      
38,965
      
39,235
      
149,945
      
145,539
      
102,593
  
Amortization of stock-based compensation capitalized in inventories
    
197
      
343
      
441
      
316
      
—
      
1,100
      
—
      
—
  
Amortization and depreciation of acquired assets
    
1,947
      
1,805
      
2,750
      
1,379
      
2,035
      
7,969
      
9,478
      
10,812
  
Restructuring charges
    
9,765
      
23,154
      
—
      
—
      
—
      
23,154
      
—
      
—
  
Assets impairment
    
1,732
      
30,790
      
—
      
—
      
—
      
30,790
      
119,141
      
2,209
  
Loss (gain) from assets sales and disposal
    
1,058
      
172
      
—
      
—
      
(1,434
)
    
(1,262
)
    
(2,603
)
    
(976
)
Certain litigation and other contingencies
    
(399
)
    
1,786
      
—
      
—
      
—
      
1,786
      
—
      
—
  
Acquisition costs
    
9
      
—
      
—
      
135
      
—
      
135
      
350
      
—
  
Operating income (loss) (Non-GAAP)
  
$
(122,505
)
  
$
(107,795
)
  
$
23,065
    
$
190,951
    
$
183,803
    
$
290,024
    
$
441,725
    
$
321,359
  
                                                                 
Financial income (expense), net (GAAP)
  
$
(7,064
)
  
$
22,055
    
$
(7,901
)
  
$
3,384
    
$
23,674
    
$
41,212
    
$
3,750
    
$
(19,915
)
Non cash interest expense
    
3,536
      
3,422
      
3,284
      
3,105
      
2,892
      
12,703
      
9,954
      
8,674
  
Unrealized losses (gains)
    
—
      
—
      
—
      
—
      
—
      
—
      
119
      
(541
)
Currency fluctuation related to lease standard
    
(1,276
)
    
4,359
      
(2,788
)
    
(2,107
)
    
(2,519
)
    
(3,055
)
    
(11,187
)
    
2,007
  
Financial income (expense), net (Non-GAAP)
  
$
(4,804
)
  
$
29,836
    
$
(7,405
)
  
$
4,382
    
$
24,047
    
$
50,860
    
$
2,636
    
$
(9,775
)
                                                                 
Other income (loss) (GAAP)
  
$
—
    
$
291
    
$
(484
)
  
$
—
    
$
(125
)
  
$
(318
)
  
$
7,285
    
$
—
  
Loss (gain) from sale of investments
    
—
      
(291
)
    
484
      
—
      
—
      
193
      
(8,008
)
    
—
  
Other loss (Non-GAAP)
  
$
—
    
$
—
    
$
—
    
$
—
    
$
(125
)
  
$
(125
)
  
$
(723
)
  
$
—
  
                                                                 
Tax benefits (income taxes) (GAAP)
  
$
23,754
    
$
53,202
    
$
(36,065
)
  
$
(34,232
)
  
$
(29,325
)
  
$
(46,420
)
  
$
(83,376
)
  
$
(18,054
)
Uncertain tax positions
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
(9,007
)
Income tax adjustment
    
(5,062
)
    
(27,699
)
    
(10,561
)
    
(3,735
)
    
(3,901
)
    
(45,896
)
    
(9,067
)
    
(11,639
)
Tax benefits (income taxes) (Non-GAAP)
  
$
18,692
    
$
25,503
    
$
(46,626
)
  
$
(37,967
)
  
$
(33,226
)
  
$
(92,316
)
  
$
(92,443
)
  
$
(38,700
)
                                                                 
Equity method investments loss (GAAP)
  
$
(296
)
  
$
(350
)
  
$
—
    
$
—
    
$
—
    
$
(350
)
  
$
—
    
$
—
  
Loss from equity method investments
    
296
      
350
      
—
      
—
      
—
      
350
      
—
      
—
  
Equity method investments loss (Non-GAAP)
  
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
    
$
—
  

SOLAREDGE TECHNOLOGIES INC.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (Unaudited)
(in thousands, except per share data and percentages)

   
Three months ended
    
Year ended
  
   
March 31, 2024
    
December 31, 2023
    
September 30, 2023
    
June 30, 2023
    
March 31, 2023
    
December 31, 2023
    
December 31, 2022
    
December 31, 2021
  
Net income (loss) (GAAP)
  
$
(157,311
)
  
$
(162,383
)
  
$
(61,176
)
  
$
119,510
    
$
138,378
    
$
34,329
    
$
93,779
    
$
169,170
  
Revenues from finance component
    
(234
)
    
(230
)
    
(215
)
    
(202
)
    
(187
)
    
(834
)
    
(614
)
    
(418
)
Discontinued operation
    
(481
)
    
37,036
      
—
      
—
      
—
      
37,036
      
4,314
      
—
  
Stock-based compensation
    
37,606
      
34,930
      
36,815
      
38,965
      
39,235
      
149,945
      
145,539
      
102,593
  
Amortization of stock-based compensation capitalized in inventories
    
197
      
343
      
441
      
316
      
—
      
1,100
      
—
      
—
  
Amortization and depreciation of acquired assets
    
1,947
      
1,805
      
2,750
      
1,379
      
2,035
      
7,969
      
9,478
      
10,812
  
Restructuring charges
    
9,765
      
23,154
      
—
      
—
      
—
      
23,154
      
—
      
—
  
Assets impairment
    
1,732
      
30,790
      
—
      
—
      
—
      
30,790
      
119,141
      
2,209
  
Loss (gain) from assets sales and disposal
    
1,058
      
172
      
—
      
—
      
(1,434
)
    
(1,262
)
    
(2,603
)
    
(976
)
Certain litigation and other contingencies
    
(399
)
    
1,786
      
—
      
—
      
—
      
1,786
      
—
      
—
  
Acquisition costs
    
9
      
—
      
—
      
135
      
—
      
135
      
350
      
—
  
Non cash interest expense
    
3,536
      
3,422
      
3,284
      
3,105
      
2,892
      
12,703
      
9,954
      
8,674
  
Unrealized losses (gains)
    
—
      
—
      
—
      
—
      
—
      
—
      
119
      
(541
)
Currency fluctuation related to lease standard
    
(1,276
)
    
4,359
      
(2,788
)
    
(2,107
)
    
(2,519
)
    
(3,055
)
    
(11,187
)
    
2,007
  
Loss (gain) from sale of investments
    
—
      
(291
)
    
484
      
—
      
—
      
193
      
(8,008
)
    
—
  
Uncertain tax positions
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
(9,007
)
Income tax adjustment
    
(5,062
)
    
(27,699
)
    
(10,561
)
    
(3,735
)
    
(3,901
)
    
(45,896
)
    
(9,067
)
    
(11,639
)
equity method adjustments
    
296
      
350
      
—
      
—
      
—
      
350
      
—
      
—
  
Net income (loss) (Non-GAAP)
  
$
(108,617
)
  
$
(52,456
)
  
$
(30,966
)
  
$
157,366
    
$
174,499
    
$
248,443
    
$
351,195
    
$
272,884
  

SOLAREDGE TECHNOLOGIES INC.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (Unaudited)
(in thousands, except per share data and percentages)

   
Three months ended
    
Year ended
  
   
March 31, 2024
    
December 31, 2023
    
September 30, 2023
    
June 30, 2023
    
March 31, 2023
    
December 31, 2023
    
December 31, 2022
    
December 31, 2021
  
Net basic earnings (loss) per share (GAAP)
  
$
(2.75
)
  
$
(2.85
)
  
$
(1.08
)
  
$
2.12
    
$
2.46
    
$
0.61
    
$
1.70
    
$
3.24
  
Revenues from finance component
    
(0.01
)
    
(0.01
)
    
0.00
      
(0.01
)
    
0.00
      
(0.02
)
    
(0.01
)
    
(0.01
)
Discontinued operation
    
(0.01
)
    
0.65
      
—
      
—
      
—
      
0.66
      
0.08
      
—
  
Stock-based compensation
    
0.66
      
0.62
      
0.65
      
0.70
      
0.70
      
2.65
      
2.64
      
1.97
  
Amortization of stock-based compensation capitalized in inventories
    
0.01
      
0.00
      
0.00
      
0.00
      
—
      
0.02
      
—
      
—
  
Amortization and depreciation of acquired assets
    
0.03
      
0.04
      
0.05
      
0.03
      
0.03
      
0.14
      
0.17
      
0.21
  
Restructuring charges
    
0.17
      
0.40
      
—
      
—
      
—
      
0.41
      
—
      
—
  
Assets impairment
    
0.03
      
0.54
      
—
      
—
      
—
      
0.54
      
2.17
      
0.05
  
Loss (gain) from assets sales and disposal
    
0.02
      
0.01
      
—
      
—
      
(0.02
)
    
(0.02
)
    
(0.02
)
    
(0.03
)
Certain litigation and other contingencies
    
(0.01
)
    
0.03
      
—
      
—
      
—
      
0.03
      
—
      
—
  
Acquisition costs
    
0.00
      
—
      
—
      
0.00
      
—
      
0.00
      
(0.02
)
    
—
  
Non cash interest expense
    
0.06
      
0.06
      
0.06
      
0.05
      
0.05
      
0.23
      
0.18
      
0.16
  
Unrealized losses (gains)
    
—
      
—
      
—
      
—
      
—
      
—
      
(0.01
)
    
(0.01
)
Currency fluctuation related to lease standard
    
(0.02
)
    
0.07
      
(0.05
)
    
(0.03
)
    
(0.05
)
    
(0.06
)
    
(0.20
)
    
0.04
  
Loss (gain) from sale of investments
    
—
      
0.00
      
0.01
      
—
      
—
      
0.01
      
(0.14
)
    
—
  
Uncertain tax positions
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
(0.17
)
Income tax adjustment
    
(0.09
)
    
(0.49
)
    
(0.19
)
    
(0.07
)
    
(0.07
)
    
(0.81
)
    
(0.16
)
    
(0.22
)
Equity method adjustments
    
0.01
      
0.01
      
—
      
—
      
—
      
0.00
      
—
      
—
  
Net basic earnings (loss) per share (Non-GAAP)
  
$
(1.90
)
  
$
(0.92
)
  
$
(0.55
)
  
$
2.79
    
$
3.10
    
$
4.39
    
$
6.38
    
$
5.23
  

SOLAREDGE TECHNOLOGIES INC.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (Unaudited)
(in thousands, except per share data and percentages)

   
Three months ended
    
Year ended
  
   
March 31, 2024
    
December 31, 2023
    
September 30, 2023
    
June 30, 2023
    
March 31, 2023
    
December 31, 2023
    
December 31, 2022
    
December 31, 2021
  
Net diluted earnings (loss) per share (GAAP)
  
$
(2.75
)
  
$
(2.85
)
  
$
(1.08
)
  
$
2.03
    
$
2.35
    
$
0.60
    
$
1.65
    
$
3.06
  
Revenues from finance component
    
(0.01
)
    
(0.01
)
    
0.00
      
(0.01
)
    
(0.01
)
    
(0.01
)
    
(0.01
)
    
(0.01
)
Discontinued operation
    
(0.01
)
    
0.65
      
—
      
—
      
—
      
0.64
      
0.08
      
—
  
Stock-based compensation
    
0.66
      
0.62
      
0.65
      
0.62
      
0.62
      
2.57
      
2.43
      
1.77
  
Amortization of stock-based compensation capitalized in inventories
    
0.01
      
0.00
      
0.00
      
0.00
      
—
      
0.02
      
—
      
—
  
Amortization and depreciation of acquired assets
    
0.03
      
0.04
      
0.05
      
0.03
      
0.03
      
0.14
      
0.16
      
0.19
  
Restructuring charges
    
0.17
      
0.40
      
—
      
—
      
—
      
0.40
      
—
      
—
  
Assets impairment
    
0.03
      
0.54
      
—
      
—
      
—
      
0.53
      
2.02
      
0.04
  
Loss (gain) from assets sales and disposal
    
0.02
      
0.01
      
—
      
—
      
(0.02
)
    
(0.02
)
    
(0.02
)
    
(0.02
)
Certain litigation and other contingencies
    
(0.01
)
    
0.03
      
—
      
—
      
—
      
(0.16
)
    
—
      
—
  
Acquisition costs
    
0.00
      
—
      
—
      
0.00
      
—
      
0.01
      
(0.02
)
    
—
  
Non cash interest expense
    
0.06
      
0.06
      
0.06
      
0.04
      
0.04
      
0.21
      
0.13
      
0.12
  
Unrealized losses (gains)
    
—
      
—
      
—
      
—
      
—
      
—
      
0.00
      
(0.01
)
Currency fluctuation related to lease standard
    
(0.02
)
    
0.07
      
(0.05
)
    
(0.03
)
    
(0.04
)
    
(0.05
)
    
(0.19
)
    
0.03
  
Loss (gain) from sale of investments
    
—
      
0.00
      
0.01
      
—
      
—
      
0.00
      
(0.13
)
    
—
  
Uncertain tax positions
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
(0.16
)
Income tax adjustment
    
(0.09
)
    
(0.49
)
    
(0.19
)
    
(0.06
)
    
(0.07
)
    
(0.76
)
    
(0.15
)
    
(0.20
)
Equity method adjustments
    
0.01
      
0.01
      
—
      
—
      
—
      
0.00
      
—
      
—
  
Net diluted earnings (loss) per share (Non-GAAP)
  
$
(1.90
)
  
$
(0.92
)
  
$
(0.55
)
  
$
2.62
    
$
2.90
    
$
4.12
    
$
5.95
    
$
4.81
  
                                                                 
Number of shares used in computing net diluted earnings (loss) per share (GAAP)
    
57,140,126
      
56,916,831
      
56,671,504
      
59,183,666
      
59,193,831
      
57,237,518
      
55,087,770
      
55,971,030
  
Stock-based compensation
    
—
      
—
      
—
      
986,527
      
939,571
      
725,859
      
963,373
      
773,636
  
Notes due 2025
    
—
      
—
      
—
      
—
      
—
      
2,276,818
      
—
      
—
  
Number of shares used in computing net diluted earnings (loss) per share (Non-GAAP)
    
57,140,126
      
56,916,831
      
56,671,504
      
60,170,193
      
60,133,402
      
60,240,195
      
56,051,143
      
56,744,666
  

EX-101.SCH 3 sedg-20240508.xsd XBRL TAXONOMY EXTENSION SCHEMA 000100 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink EX-101.LAB 4 sedg-20240508_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Cover [Abstract] Document Type Written Communications Soliciting Material Pre-commencement Tender Offer Pre-commencement Issuer Tender Offer Amendment Flag Document Fiscal Year Focus Document Fiscal Period Focus Document Period End Date Entity Registrant Name Entity Central Index Key Entity File Number Entity Tax Identification Number Entity Incorporation, State or Country Code Entity Emerging Growth Company Entity Address, Address Line One Entity Address, Address Line Two Entity Address, Address Line Three Entity Address, City or Town Entity Address, State or Province Entity Address, Country Entity Address, Postal Zip Code City Area Code Local Phone Number Title of 12(b) Security No Trading Symbol Flag Trading Symbol Security Exchange Name EX-101.PRE 5 sedg-20240508_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE GRAPHIC 6 image00002.jpg begin 644 image00002.jpg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end XML 8 R1.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Document and Entity Information
May 08, 2024
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date May 08, 2024
Entity Registrant Name SOLAREDGE TECHNOLOGIES, INC
Entity Incorporation, State or Country Code DE
Entity File Number 001-36894
Entity Tax Identification Number 20-5338862
Entity Address, Address Line One 1 Hamada Street
Entity Address, City or Town Herziliya Pituach
Entity Address, Country IL
Entity Address, Postal Zip Code 4673335
City Area Code 9
Local Phone Number 957-6620
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Entity Central Index Key 0001419612
Title of 12(b) Security Common stock, par value $0.0001 per share
Trading Symbol SEDG
Security Exchange Name NASDAQ
EXCEL 9 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 10 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 11 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 13 FilingSummary.xml IDEA: XBRL DOCUMENT 3.24.1.u1 html 1 22 1 false 0 0 false 0 false false R1.htm 000100 - Document - Document and Entity Information Sheet http://solaredge.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false All Reports Book All Reports [ix-0514-Hidden-Fact-Eligible-For-Transform] WARN: 1 fact(s) appearing in ix:hidden were eligible for transformation: dei:SecurityExchangeName - zk2431427.htm 11 sedg-20240508.xsd sedg-20240508_lab.xml sedg-20240508_pre.xml zk2431427.htm http://xbrl.sec.gov/dei/2023 true false JSON 16 MetaLinks.json IDEA: XBRL DOCUMENT { "version": "2.2", "instance": { "zk2431427.htm": { "nsprefix": "sedg", "nsuri": "http://solaredge.com/20240508", "dts": { "schema": { "local": [ "sedg-20240508.xsd" ], "remote": [ "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/2004/ref-2004-08-10.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "http://www.xbrl.org/2006/ref-2006-02-27.xsd", "http://www.xbrl.org/lrr/arcrole/factExplanatory-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd", "https://www.xbrl.org/2020/extensible-enumerations-2.0.xsd", "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd", "https://www.xbrl.org/dtr/type/2022-03-31/types.xsd", "https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd", "https://xbrl.fasb.org/srt/2023/elts/srt-roles-2023.xsd", "https://xbrl.fasb.org/srt/2023/elts/srt-types-2023.xsd", "https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd", "https://xbrl.fasb.org/us-gaap/2023/elts/us-roles-2023.xsd", "https://xbrl.fasb.org/us-gaap/2023/elts/us-types-2023.xsd", "https://xbrl.sec.gov/country/2023/country-2023.xsd", "https://xbrl.sec.gov/currency/2023/currency-2023.xsd", "https://xbrl.sec.gov/dei/2023/dei-2023.xsd", "https://xbrl.sec.gov/exch/2023/exch-2023.xsd", "https://xbrl.sec.gov/naics/2023/naics-2023.xsd", "https://xbrl.sec.gov/sic/2023/sic-2023.xsd", "https://xbrl.sec.gov/stpr/2023/stpr-2023.xsd" ] }, "labelLink": { "local": [ "sedg-20240508_lab.xml" ] }, "presentationLink": { "local": [ "sedg-20240508_pre.xml" ] }, "inline": { "local": [ "zk2431427.htm" ] } }, "keyStandard": 22, "keyCustom": 0, "axisStandard": 0, "axisCustom": 0, "memberStandard": 0, "memberCustom": 0, "hidden": { "total": 3, "http://xbrl.sec.gov/dei/2023": 3 }, "contextCount": 1, "entityCount": 1, "segmentCount": 0, "elementCount": 29, "unitCount": 0, "baseTaxonomies": { "http://xbrl.sec.gov/dei/2023": 22 }, "report": { "R1": { "role": "http://solaredge.com/role/DocumentAndEntityInformation", "longName": "000100 - Document - Document and Entity Information", "shortName": "Document and Entity Information", "isDefault": "true", "groupType": "document", "subGroupType": "", "menuCat": "Cover", "order": "1", "firstAnchor": { "contextRef": "c20240508to20240508", "name": "dei:DocumentType", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "div", "div", "body", "html" ], "reportCount": 1, "baseRef": "zk2431427.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c20240508to20240508", "name": "dei:DocumentType", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "div", "div", "body", "html" ], "reportCount": 1, "baseRef": "zk2431427.htm", "first": true, "unique": true } } }, "tag": { "dei_AmendmentFlag": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "AmendmentFlag", "presentation": [ "http://solaredge.com/role/DocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Amendment Flag", "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission." } } }, "auth_ref": [] }, "dei_CityAreaCode": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "CityAreaCode", "presentation": [ "http://solaredge.com/role/DocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "City Area Code", "documentation": "Area code of city" } } }, "auth_ref": [] }, "dei_CoverAbstract": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "CoverAbstract", "lang": { "en-us": { "role": { "label": "Cover [Abstract]", "documentation": "Cover page." } } }, "auth_ref": [] }, "dei_DocumentFiscalPeriodFocus": { "xbrltype": "fiscalPeriodItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentFiscalPeriodFocus", "presentation": [ "http://solaredge.com/role/DocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Document Fiscal Period Focus", "documentation": "Fiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY." } } }, "auth_ref": [] }, "dei_DocumentFiscalYearFocus": { "xbrltype": "gYearItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentFiscalYearFocus", "presentation": [ "http://solaredge.com/role/DocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Document Fiscal Year Focus", "documentation": "This is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006." } } }, "auth_ref": [] }, "dei_DocumentPeriodEndDate": { "xbrltype": "dateItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentPeriodEndDate", "presentation": [ "http://solaredge.com/role/DocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Document Period End Date", "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD." } } }, "auth_ref": [] }, "dei_DocumentType": { "xbrltype": "submissionTypeItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentType", "presentation": [ "http://solaredge.com/role/DocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Document Type", "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'." } } }, "auth_ref": [] }, "dei_EntityAddressAddressLine1": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressAddressLine1", "presentation": [ "http://solaredge.com/role/DocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Entity Address, Address Line One", "documentation": "Address Line 1 such as Attn, Building Name, Street Name" } } }, "auth_ref": [] }, "dei_EntityAddressAddressLine2": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressAddressLine2", "presentation": [ "http://solaredge.com/role/DocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Entity Address, Address Line Two", "documentation": "Address Line 2 such as Street or Suite number" } } }, "auth_ref": [] }, "dei_EntityAddressAddressLine3": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressAddressLine3", "presentation": [ "http://solaredge.com/role/DocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Entity Address, Address Line Three", "documentation": "Address Line 3 such as an Office Park" } } }, "auth_ref": [] }, "dei_EntityAddressCityOrTown": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressCityOrTown", "presentation": [ "http://solaredge.com/role/DocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Entity Address, City or Town", "documentation": "Name of the City or Town" } } }, "auth_ref": [] }, "dei_EntityAddressCountry": { "xbrltype": "countryCodeItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressCountry", "presentation": [ "http://solaredge.com/role/DocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Entity Address, Country", "documentation": "ISO 3166-1 alpha-2 country code." } } }, "auth_ref": [] }, "dei_EntityAddressPostalZipCode": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressPostalZipCode", "presentation": [ "http://solaredge.com/role/DocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Entity Address, Postal Zip Code", "documentation": "Code for the postal or zip code" } } }, "auth_ref": [] }, "dei_EntityAddressStateOrProvince": { "xbrltype": "stateOrProvinceItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressStateOrProvince", "presentation": [ "http://solaredge.com/role/DocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Entity Address, State or Province", "documentation": "Name of the state or province." } } }, "auth_ref": [] }, "dei_EntityCentralIndexKey": { "xbrltype": "centralIndexKeyItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityCentralIndexKey", "presentation": [ "http://solaredge.com/role/DocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Entity Central Index Key", "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK." } } }, "auth_ref": [ "r1" ] }, "dei_EntityEmergingGrowthCompany": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityEmergingGrowthCompany", "presentation": [ "http://solaredge.com/role/DocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Entity Emerging Growth Company", "documentation": "Indicate if registrant meets the emerging growth company criteria." } } }, "auth_ref": [ "r1" ] }, "dei_EntityFileNumber": { "xbrltype": "fileNumberItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityFileNumber", "presentation": [ "http://solaredge.com/role/DocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Entity File Number", "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen." } } }, "auth_ref": [] }, "dei_EntityIncorporationStateCountryCode": { "xbrltype": "edgarStateCountryItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityIncorporationStateCountryCode", "presentation": [ "http://solaredge.com/role/DocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Entity Incorporation, State or Country Code", "documentation": "Two-character EDGAR code representing the state or country of incorporation." } } }, "auth_ref": [] }, "dei_EntityRegistrantName": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityRegistrantName", "presentation": [ "http://solaredge.com/role/DocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Entity Registrant Name", "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC." } } }, "auth_ref": [ "r1" ] }, "dei_EntityTaxIdentificationNumber": { "xbrltype": "employerIdItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityTaxIdentificationNumber", "presentation": [ "http://solaredge.com/role/DocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Entity Tax Identification Number", "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS." } } }, "auth_ref": [ "r1" ] }, "dei_LocalPhoneNumber": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "LocalPhoneNumber", "presentation": [ "http://solaredge.com/role/DocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Local Phone Number", "documentation": "Local phone number for entity." } } }, "auth_ref": [] }, "dei_NoTradingSymbolFlag": { "xbrltype": "trueItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "NoTradingSymbolFlag", "presentation": [ "http://solaredge.com/role/DocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "No Trading Symbol Flag", "documentation": "Boolean flag that is true only for a security having no trading symbol." } } }, "auth_ref": [] }, "dei_PreCommencementIssuerTenderOffer": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "PreCommencementIssuerTenderOffer", "presentation": [ "http://solaredge.com/role/DocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Pre-commencement Issuer Tender Offer", "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act." } } }, "auth_ref": [ "r3" ] }, "dei_PreCommencementTenderOffer": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "PreCommencementTenderOffer", "presentation": [ "http://solaredge.com/role/DocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Pre-commencement Tender Offer", "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act." } } }, "auth_ref": [ "r4" ] }, "dei_Security12bTitle": { "xbrltype": "securityTitleItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "Security12bTitle", "presentation": [ "http://solaredge.com/role/DocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Title of 12(b) Security", "documentation": "Title of a 12(b) registered security." } } }, "auth_ref": [ "r0" ] }, "dei_SecurityExchangeName": { "xbrltype": "edgarExchangeCodeItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "SecurityExchangeName", "presentation": [ "http://solaredge.com/role/DocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Security Exchange Name", "documentation": "Name of the Exchange on which a security is registered." } } }, "auth_ref": [ "r2" ] }, "dei_SolicitingMaterial": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "SolicitingMaterial", "presentation": [ "http://solaredge.com/role/DocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Soliciting Material", "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act." } } }, "auth_ref": [ "r5" ] }, "dei_TradingSymbol": { "xbrltype": "tradingSymbolItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "TradingSymbol", "presentation": [ "http://solaredge.com/role/DocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Trading Symbol", "documentation": "Trading symbol of an instrument as listed on an exchange." } } }, "auth_ref": [] }, "dei_WrittenCommunications": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "WrittenCommunications", "presentation": [ "http://solaredge.com/role/DocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Written Communications", "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act." } } }, "auth_ref": [ "r6" ] } } } }, "std_ref": { "r0": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "12", "Subsection": "b" }, "r1": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "12", "Subsection": "b-2" }, "r2": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "12", "Subsection": "d1-1" }, "r3": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "13e", "Subsection": "4c" }, "r4": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "14d", "Subsection": "2b" }, "r5": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Section": "14a", "Number": "240", "Subsection": "12" }, "r6": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Securities Act", "Number": "230", "Section": "425" } } } ZIP 17 0001178913-24-001634-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001178913-24-001634-xbrl.zip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end XML 19 zk2431427_htm.xml IDEA: XBRL DOCUMENT 0001419612 2024-05-08 2024-05-08 false 0001419612 NASDAQ 8-K 2024-05-08 SOLAREDGE TECHNOLOGIES, INC DE 001-36894 20-5338862 1 Hamada Street Herziliya Pituach IL 4673335 9 957-6620 false false false false Common stock, par value $0.0001 per share SEDG false