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 84.59% per annum.
- SEDG price at the close of November 19, 2024 was $10.47 and was lower than the bottom border of the primary price channel by $0.62 (5.57%).
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 91.75% per annum.
- SEDG price at the close of November 19, 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: February 27, 2023
End date: November 19, 2024
a = 12.1278
b = -0.0051
s = 0.1828
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0051) – 1
= -84.59%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1828) – 1
= 107.78%
February 27, 2023 calculations
Top border of price channel:
Exp(Y821)
= Exp(a + b × X821 + 2 × s)
= Exp(a + b × 1,195 + 2 × s)
= Exp(12.1278 + -0.0051 × 1,195 + 2 × 0.1828)
= Exp(6.3703)
= $584.26
Bottom border of price channel:
Exp(Y821)
= Exp(a + b × X821 – 2 × s)
= Exp(a + b × 1,195 – 2 × s)
= Exp(12.1278 + -0.0051 × 1,195 – 2 × 0.1828)
= Exp(5.6390)
= $281.19
November 19, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(12.1278 + -0.0051 × 1,826 + 2 × 0.1828)
= Exp(3.1371)
= $23.04
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(12.1278 + -0.0051 × 1,826 – 2 × 0.1828)
= Exp(2.4058)
= $11.09
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 84.59% per annum.
- SEDG price at the close of November 19, 2024 was $10.47 and was lower than the bottom border of the primary price channel by $0.62 (5.57%).
Secondary Trend
Start date: March 6, 2024
End date: November 19, 2024
a = 15.0638
b = -0.0068
s = 0.1302
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0068) – 1
= -91.75%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1302) – 1
= 68.32%
March 6, 2024 calculations
Top border of price channel:
Exp(Y1,078)
= Exp(a + b × X1,078 + 2 × s)
= Exp(a + b × 1,568 + 2 × s)
= Exp(15.0638 + -0.0068 × 1,568 + 2 × 0.1302)
= Exp(4.6070)
= $100.18
Bottom border of price channel:
Exp(Y1,078)
= Exp(a + b × X1,078 – 2 × s)
= Exp(a + b × 1,568 – 2 × s)
= Exp(15.0638 + -0.0068 × 1,568 – 2 × 0.1302)
= Exp(4.0863)
= $59.52
November 19, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(15.0638 + -0.0068 × 1,826 + 2 × 0.1302)
= Exp(2.8436)
= $17.18
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(15.0638 + -0.0068 × 1,826 – 2 × 0.1302)
= Exp(2.3229)
= $10.21
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 91.75% per annum.
- SEDG price at the close of November 19, 2024 was inside the secondary price channel.