SolarEdge Technologies Inc
SEDG: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$87.00 | Gylh | Hjchctvk |
SolarEdge: CEO Resignation Follows String of Weak Results
On Aug. 26, no-moat SolarEdge Technologies announced that CEO Zvi Lando has resigned effective immediately. The board appointed prior CFO Ronen Faier as interim CEO and has initiated a search for a new CEO. We are maintaining our $33 fair value estimate and leaving our financial forecast unchanged. We view the shares as slightly undervalued.