Solaredge Technologies Inc vs Energy Select Sector SPDR Fund — how do they compare? Solaredge Technologies Inc trades at $50.3 (market cap $2.96B), while Energy Select Sector SPDR Fund trades at $58.47. The key difference: Energy Select Sector SPDR Fund is trading nearer its 52-week high, Solaredge Technologies Inc nearer its low. Which is the better fit depends on your goals.
| SEDG | XLE | |
|---|---|---|
Market Cap | $2.96B | — |
Sector | Technology | — |
52-Week High | $78.51 | $62.57 |
52-Week Low | $24.42 | $42.12 |
Enterprise Value | $2.89B | — |
Trailing returns across standard periods
Latest headlines on both assets
SolarEdge Technologies designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations. The company system consists of power optimizers, inverters, and cloud-based monitoring platform and addresses a broad range of solar market segments, from residential solar installations to commercial and small utility-scale solar installations. The company sells its products directly to solar installers, engineering, procurement, and construction firms and indirectly to solar installers through distributors and electrical equipment wholesalers. Additionally, the company has nonsolar products targeting energy storage and e-mobility.
Read more on SEDG →In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies that have been identified as energy companies by the GICS®, including securities of companies from the following industries: oil, gas and consumable fuels; and energy equipment and services. It is non-diversified.
Read more on XLE →