Purchase Details

Company: SolarEdge Technologies
Ticker:SEDG
Yahoo Beta:0.44
Industry:Solar

Company Description:  SolarEdge designs and sells inverters for solar systems.

Purchase Date:10 Apr 2019
Purchase Price:$40.70
  --Split Adjusted:$40.70
Shares Purchased:220
  --Split Adjusted:220
Transaction Fee:$6.95
Price Range (6 Months Prior):    
High$44.56
Date14 Feb 2019
Low$33.41
Date24 Dec 2018
S&P (Purchase Date):$2,884.52

Timing:  We bought near the midpoint of the six month range.
Reason:  We believe that the market is underestimating strong organic and industry growth. Currently, renewable electricity production only accounts for 24% of total electricity generation worldwide. We also believe that the market has still not priced in the potential of SolarEdge’s new battery segment. We also believe that the market is currently overreacting to a decrease in margins associated with temporary supply chain issues and recent acquisitions, providing excellent timing for an investment in SolarEdge.

Total Spent:   $8,960.95