Solaredge Technologies (SEDG) Non Operating Income (2014 - 2024)
Solaredge Technologies (SEDG) posted quarterly Non Operating Income of $865000.0 for Q2 2024, up 125.56% year-over-year from $383487.5 in Q3 2023, and down 87.75% quarter-over-quarter from $7.1 million in Q1 2024.
Solaredge Technologies (SEDG) Non Operating Income (2014 - 2024) Analysis & Trends
Solaredge Technologies (SEDG) has reported Non Operating Income for 11 consecutive years, with $865000.0 the latest figure, recorded in Q2 2024.
- In Q2 2024, Non Operating Income rose 125.56% year-over-year to $865000.0; the TTM figure through Jun 2024 stood at $12.4 million (down 38.99% YoY), while the FY2017 annual figure was $5.0 million, changed N/A from the prior year.
- Non Operating Income retreated to $865000.0 in Q2 2024 per SEDG's latest filing, from $7.1 million in the prior quarter.
- Across five years, Non Operating Income topped out at $33.1 million in Q3 2022 and bottomed at -$23.7 million in Q1 2023.
- Historically, Non Operating Income has averaged $2.7 million across 5 years, with a median of $2.7 million in 2022.
- Annual changes were most pronounced in 2020 — Non Operating Income jumped 1396.12% — and 2023, when it tumbled 614.09%.
- Solaredge Technologies' Non Operating Income stood at $15.8 million in 2020, then slumped by 136.48% to -$5.8 million in 2021, then soared by 676.35% to $33.1 million in 2022, then plunged by 76.16% to $7.9 million in 2023, then sank by 89.05% to $865000.0 in 2024.
- Business Quant data shows SEDG's Non Operating Income at $865000.0 in Q2 2024, $7.1 million in Q1 2024, and $7.9 million in Q3 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Op. Inc. (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | - |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn | 10.38 Mn |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | - |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | - |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | - |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn | -54.47 Mn |
| 8 | JinkoSolar Holding | 833.21 Mn | -2.48 Bn | 147.66 Mn | - |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn | -3.04 Mn |
| 10 | Toyo | 181.99 Mn | 105.35 Mn | 47.76 Mn | -2.32 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | 865,000.00 |
| Mar 31, 2024 | 7.06 Mn |
| Sep 30, 2023 | 7.90 Mn |
| Jun 30, 2023 | -3.38 Mn |
| Mar 31, 2023 | -23.67 Mn |
| Sep 30, 2022 | 33.15 Mn |
| Jun 30, 2022 | 14.31 Mn |
| Mar 31, 2022 | 4.61 Mn |
| Sep 30, 2021 | -5.75 Mn |
| Jun 30, 2021 | -1.74 Mn |
| Mar 31, 2021 | -6.10 Mn |
| Sep 30, 2020 | 15.77 Mn |
| Jun 30, 2020 | 11.57 Mn |
| Mar 31, 2020 | -16.61 Mn |
| Sep 30, 2019 | -17.02 Mn |
| Jun 30, 2019 | 773,000.00 |
| Mar 31, 2019 | -6.15 Mn |
| Sep 30, 2018 | -689,000.00 |
| Jun 30, 2018 | -2.48 Mn |
| Mar 31, 2018 | 584,000.00 |