The stock of Solaredge Technologies Inc (NASDAQ:SEDG) is a huge mover today! About 653,078 shares traded hands. Solaredge Technologies Inc (NASDAQ:SEDG) has declined 35.09% since March 4, 2016 and is downtrending. It has underperformed by 43.13% the S&P500.
The move comes after 7 months negative chart setup for the $637.04M company. It was reported on Oct, 7 by Barchart.com. We have $14.14 PT which if reached, will make NASDAQ:SEDG worth $57.33 million less.
Analysts await Solaredge Technologies Inc (NASDAQ:SEDG) to report earnings on November, 2. They expect $0.37 EPS, up 15.63% or $0.05 from last year’s $0.32 per share. SEDG’s profit will be $15.17 million for 10.50 P/E if the $0.37 EPS becomes a reality. After $0.39 actual EPS reported by Solaredge Technologies Inc for the previous quarter, Wall Street now forecasts -5.13% negative EPS growth.
Solaredge Technologies Inc (NASDAQ:SEDG) Ratings Coverage
Out of 12 analysts covering SolarEdge Technologies (NASDAQ:SEDG), 10 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 83% are positive. SolarEdge Technologies has been the topic of 27 analyst reports since August 13, 2015 according to StockzIntelligence Inc. Goldman Sachs downgraded it to “Neutral” rating and $25 target price in Tuesday, May 10 report. The rating was maintained by Needham on Thursday, August 13 with “Buy”. The rating was upgraded by Avondale on Friday, August 14 to “Market Outperform”. The firm has “Buy” rating by Deutsche Bank given on Wednesday, August 10. Oppenheimer initiated the stock with “Perform” rating in Wednesday, September 9 report. As per Tuesday, September 1, the company rating was maintained by Roth Capital. On Thursday, February 4 the stock rating was maintained by Needham with “Buy”. Barclays Capital initiated Solaredge Technologies Inc (NASDAQ:SEDG) on Monday, April 4 with “Overweight” rating. As per Thursday, September 3, the company rating was initiated by Cowen & Co. The stock of Solaredge Technologies Inc (NASDAQ:SEDG) earned “Buy” rating by TH Capital on Monday, November 2.
According to Zacks Investment Research, “SolarEdge Technologies, Inc. provides inverter solution. The company’s SolarEdge system offers power optimizers, inverters and a cloud-based monitoring platform. It serves residential solar installations to commercial and small utility-scale solar installations. SolarEdge Technologies, Inc. is headquartered in Hod Hasharon, Israel.”
More notable recent Solaredge Technologies Inc (NASDAQ:SEDG) news were published by: Marketwatch.com which released: “Virtual Stock Exchange” on March 26, 2015, also Fool.com with their article: “Can SolarEdge Technologies Inc. Break Into Energy Storage?” published on July 19, 2016, Fool.com published: “Why SolarEdge Technologies Inc.’s Shares Fell 22% Today” on May 10, 2016. More interesting news about Solaredge Technologies Inc (NASDAQ:SEDG) were released by: Fool.com and their article: “The Biggest Problem With SolarEdge Technologies Inc. Stock” published on April 01, 2016 as well as Valuewalk.com‘s news article titled: “Solaredge Technologies Inc Rises Before Earnings” with publication date: August 08, 2016.
SEDG Company Profile
SolarEdge Technologies, Inc., incorporated on August 7, 2006, offers an inverter solution for a solar photovoltaic (PV) system. The Company’s products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. The Company’s product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management. The Company’s power optimizers provide module-level maximum power point (MPP) tracking and real-time adjustments of current and voltage to the optimal working point of each individual PV module. This enables each PV module to continuously produce its maximum power potential independent of other modules in the same string, thus minimizing module mismatch and partial shading losses. By performing these adjustments at a high rate, its power optimizers also solve the dynamic MPP losses associated with traditional inverters. The Company’s solution consists of a direct current (DC) power optimizer, an inverter and a cloud monitoring platform that operates as a single integrated system.
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