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Solaredge Technologies Inc.  (SEDG)
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Solaredge Technologies Inc's

Competitiveness


 

SEDG Sales vs. its Competitors Q2 2022



Comparing the results to its competitors, Solaredge Technologies Inc reported Total Revenue increase in the 2 quarter 2022 by 51.6 % year on year.
The sales growth was above Solaredge Technologies Inc's competitors average revenue growth of 34.66 %, recorded in the same quarter.

List of SEDG Competitors

With net margin of 2.07 % company achieved higher profitability than its competitors.

More on SEDG Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Solaredge Technologies Inc. Net Income in 2 quarter 2022 declined year on year by -66.55 %, faster than the decline experianced by the competitors

<<  More on SEDG Income Comparisons


Solaredge Technologies Inc's Comment on Competitors and Industry Peers


The markets for our products are competitive, and we compete with manufacturers of traditional inverters and manufacturers of other MLPE. The principal areas in which we compete with other companies include:

product and system performance and features;

total cost of ownership;

PV module compatibility and interoperability;

reliability and duration of product warranty;

customer service and support;

breadth of product line;

local sales and distribution capabilities;

compliance with applicable certifications and grid codes;

size and financial stability of operations; and

size of installed base.

Our DC optimized inverter system competes principally with products from traditional inverter manufacturers, such as SMA Solar Technology AG, ABB Ltd. and Huawei Technologies Co. Ltd. as well as from other new Chinese inverter manufacturers. In the North American residential market, we compete with traditional inverter manufacturers, as well as microinverter manufacturers such as Enphase Energy, Inc. In addition, several new entrants to the MLPE market, including low-cost Asian manufacturers, have recently announced plans to ship or have already shipped similar products. We believe that our DC optimized inverter system offers significant technology and cost advantages that reflect a competitive differentiation over traditional inverter systems and microinverter technologies.



  

Overall company Market Share Q2 2022

Due to outstanding performance in Overall company, revenue grew by 51.6 % Solaredge Technologies Inc. improved its market share, to approximate 24.91 %.




<<  More on SEDG Market Share.
 
*Market share is calculated based on total revenue.


SEDG's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)


COMPANY NAME MARKET CAP
(in millions of $)
REVENUES
(in millions of $)
INCOME
(in millions of $)
EMPLOYEES
Solaredge Technologies Inc. SEDG 13,795.51 2,461.00 142.00 1,007
Ascent Solar Technologies inc. ASTI 142 1.27 -12.76 71
Sunhydrogen Inc. HYSR 133 0.00 308.02 1
Jinkosolar Holding Co ltd JKS 10,710 6,406.57 149.95 12,700
Sunrun Inc. RUN 5,810 1,954.36 -929.02 3,260
First Solar Inc. FSLR 14,017 2,478.82 189.12 6,060
Vivint Solar Inc VSLR 5,378 378.46 -456.11 2,322
Athlon Acquisition Corp. SWET 272 0.00 6.14 3
Enphase Energy Inc. ENPH 39,933 1,735.73 203.20 336
Beam Global BEEM 123 13.00 -8.78 0
Sunpower Corp SPWR 3,921 1,476.22 -154.93 7,306
Sunworks Inc. SUNW 93 130.49 -35.74 0
SUBTOTAL 94,327.14 17,036.07 -598.71 33,066
       
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