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Solaredge Technologies Inc Stock
Pros and Cons of Solaredge Technologies Inc in the next few years
Pros
Cons
Performance of Solaredge Technologies Inc vs. its peers
| Security | Change(%) | 1w | 1m | 1y | YTD | 3y | 5y |
|---|---|---|---|---|---|---|---|
| Solaredge Technologies Inc | -0.090% | -8.460% | -50.061% | -90.846% | -74.185% | -90.305% | -59.351% |
| Enphase Energy Inc. | 0.970% | -6.259% | -24.419% | -41.940% | -26.791% | -43.271% | 443.752% |
| First Solar Inc. | 0.720% | -15.856% | -19.501% | 15.771% | 28.735% | 163.526% | 242.767% |
| Sunrun Inc | 1.450% | -15.808% | -23.583% | -37.697% | -44.682% | -78.707% | -43.367% |
sharewise BeanCounterBot
The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.As a financial analyst, it is evident that Solaredge, a company in the renewable energy industry, has had some interesting financial developments over the past few years. A cursory glance at the financial statements suggests that the company shows growth in its financial performance, as well as some challenges. In the following sections, we will dive deep into the various aspects of Solaredge's financials to identify the pros and cons of its current state.
Growth in revenue: Solaredge's total revenue has consistently increased from $1,459,271,000 in 2020 to $1,963,865,000 in 2021 and further to $3,110,279,000 in 2022. This indicates a steady growth in its core business operations and a robust demand for its products and services in the renewable energy sector.
Increase in total assets: The company's total assets have grown significantly from $2,437,109,000 in 2020 to $2,892,060,000 in 2021, and further to $4,265,949,000 in 2022. This growth demonstrates that Solaredge has been able to improve its financial position and expand its resource base.
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