SolarEdge Technologies Inc (SEDG)
SolarEdge Technologies, Inc. designs, develops and sells optimized direct current (DC) inverter systems for solar photovoltaic (PV) installations worldwide. The company is headquartered in Herzliya, Israel.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 80.81% per annum.
- SEDG price at the close of May 10, 2024 was $49.47 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 46.76% per annum.
- SEDG price at the close of May 10, 2024 was lower than the bottom border of the secondary price channel by $0.48 (0.97%).
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of SEDG price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: January 31, 2023
End date: May 10, 2024
a = 12.1451
b = -0.0045
s = 0.1846
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0045) – 1
= -80.81%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1846) – 1
= 109.27%
January 31, 2023 calculations
Top border of price channel:
Exp(Y937)
= Exp(a + b × X937 + 2 × s)
= Exp(a + b × 1,359 + 2 × s)
= Exp(12.1451 + -0.0045 × 1,359 + 2 × 0.1846)
= Exp(6.3685)
= $583.21
Bottom border of price channel:
Exp(Y937)
= Exp(a + b × X937 – 2 × s)
= Exp(a + b × 1,359 – 2 × s)
= Exp(12.1451 + -0.0045 × 1,359 – 2 × 0.1846)
= Exp(5.6301)
= $278.68
May 10, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(12.1451 + -0.0045 × 1,824 + 2 × 0.1846)
= Exp(4.2657)
= $71.21
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(12.1451 + -0.0045 × 1,824 – 2 × 0.1846)
= Exp(3.5272)
= $34.03
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 80.81% per annum.
- SEDG price at the close of May 10, 2024 was $49.47 and was inside the primary price channel.
Secondary Trend
Start date: October 20, 2023
End date: May 10, 2024
a = 7.2618
b = -0.0017
s = 0.1004
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0017) – 1
= -46.76%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1004) – 1
= 49.42%
October 20, 2023 calculations
Top border of price channel:
Exp(Y1,119)
= Exp(a + b × X1,119 + 2 × s)
= Exp(a + b × 1,621 + 2 × s)
= Exp(7.2618 + -0.0017 × 1,621 + 2 × 0.1004)
= Exp(4.6633)
= $105.98
Bottom border of price channel:
Exp(Y1,119)
= Exp(a + b × X1,119 – 2 × s)
= Exp(a + b × 1,621 – 2 × s)
= Exp(7.2618 + -0.0017 × 1,621 – 2 × 0.1004)
= Exp(4.2617)
= $70.93
May 10, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(7.2618 + -0.0017 × 1,824 + 2 × 0.1004)
= Exp(4.3127)
= $74.64
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(7.2618 + -0.0017 × 1,824 – 2 × 0.1004)
= Exp(3.9111)
= $49.95
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 46.76% per annum.
- SEDG price at the close of May 10, 2024 was lower than the bottom border of the secondary price channel by $0.48 (0.97%).