# 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 80.67% per annum.
• SEDG price at the close of May 24, 2024 was \$48.02 and was inside the primary price channel.
• The secondary trend is decreasing.
• The decline rate of the secondary trend is 52.40% per annum.
• SEDG price at the close of May 24, 2024 was inside the secondary price channel.

### 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 24, 2024

a = 12.0469

b = -0.0045

s = 0.1821

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × -0.0045) – 1
= -80.67%

Exp(4 × s) – 1
= Exp(4 × 0.1821) – 1
= 107.20%

#### January 31, 2023 calculations

Top border of price channel:

Exp(Y927)
= Exp(a + b × X927 + 2 × s)
= Exp(a + b × 1,344 + 2 × s)
= Exp(12.0469 + -0.0045 × 1,344 + 2 × 0.1821)
= Exp(6.3604)
= \$578.48

Bottom border of price channel:

Exp(Y927)
= Exp(a + b × X927 – 2 × s)
= Exp(a + b × 1,344 – 2 × s)
= Exp(12.0469 + -0.0045 × 1,344 – 2 × 0.1821)
= Exp(5.6319)
= \$279.19

#### May 24, 2024 calculations

Top border of price channel:

Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(12.0469 + -0.0045 × 1,823 + 2 × 0.1821)
= Exp(4.2039)
= \$66.95

Bottom border of price channel:

Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(12.0469 + -0.0045 × 1,823 – 2 × 0.1821)
= Exp(3.4754)
= \$32.31

#### Description

• The primary trend is decreasing.
• The decline rate of the primary trend is 80.67% per annum.
• SEDG price at the close of May 24, 2024 was \$48.02 and was inside the primary price channel.

### Secondary Trend

Start date: October 20, 2023
End date: May 24, 2024

a = 7.7507

b = -0.0020

s = 0.1060

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × -0.0020) – 1
= -52.40%

Exp(4 × s) – 1
= Exp(4 × 0.1060) – 1
= 52.79%

#### October 20, 2023 calculations

Top border of price channel:

Exp(Y1,109)
= Exp(a + b × X1,109 + 2 × s)
= Exp(a + b × 1,606 + 2 × s)
= Exp(7.7507 + -0.0020 × 1,606 + 2 × 0.1060)
= Exp(4.6960)
= \$109.51

Bottom border of price channel:

Exp(Y1,109)
= Exp(a + b × X1,109 – 2 × s)
= Exp(a + b × 1,606 – 2 × s)
= Exp(7.7507 + -0.0020 × 1,606 – 2 × 0.1060)
= Exp(4.2721)
= \$71.67

#### May 24, 2024 calculations

Top border of price channel:

Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(7.7507 + -0.0020 × 1,823 + 2 × 0.1060)
= Exp(4.2546)
= \$70.43

Bottom border of price channel:

Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(7.7507 + -0.0020 × 1,823 – 2 × 0.1060)
= Exp(3.8307)
= \$46.10

#### Description

• The secondary trend is decreasing.
• The decline rate of the secondary trend is 52.40% per annum.
• SEDG price at the close of May 24, 2024 was inside the secondary price channel.