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Transaction 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 Sale Date:29 Sep 2021
Purchase Price:$40.70 Sale Price:$264.50
  --Split Adjusted:$40.70  --Split Adjusted:$264.50
Shares Purchased:220 Shares Sold:37
  --Split Adjusted:220  --Split Adjusted:37
Transaction Fee:$6.95 Transaction Fee:$0.05
Price Range (6 Months Prior):    Price Range (6 Months After):    
High$44.56 High$0.00
Date14 Feb 2019 Date01 Jan 1996
Low$33.41 Low$0.00
Date24 Dec 2018 Date01 Jan 1996
S&P (Purchase Date):$2,884.52 S&P (Sale Date):$4,383.25

Purchase
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.

Sale
Timing:  x
Reason:  SEDG has grown to be our largest position. The stock is relatively expensive as compared to its industry. Although we are still enthusiastic about solar investments as Congress debates an infrastructure bill, we voted to trim our position.

S&P Gain: 51.96 % Annualized Gain: 19.17%
Stock Gain: 549.88 % Annualized Gain: 119.09%

Dividends:$0.00
Net Holding Return ($): $8,273.60
Net Holding Return (%): 546.89 %