Stock of the Day: After Today’s Significant Increase, Is Solaredge Technologies Inc’s Near-Term Analysis Positive?

Stock of the Day: After Today's Significant Increase, Is Solaredge Technologies Inc's Near Term Analysis Positive?

The stock of Solaredge Technologies Inc (NASDAQ:SEDG) is a huge mover today! About 769,117 shares traded hands. Solaredge Technologies Inc (NASDAQ:SEDG) has declined 42.27% since March 7, 2016 and is downtrending. It has underperformed by 49.86% the S&P500.
The move comes after 9 months positive chart setup for the $604.37 million company. It was reported on Oct, 10 by We have $20.81 PT which if reached, will make NASDAQ:SEDG worth $169.22M more.

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 $13.75 million for 10.99 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”, 1 “Sell”, while 1 “Hold”. This means 83% are positive. SolarEdge Technologies has been the topic of 28 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Deutsche Bank on Sunday, September 6. Zacks upgraded the shares of SEDG in a report on Tuesday, August 18 to “Hold” rating. The stock of Solaredge Technologies Inc (NASDAQ:SEDG) earned “Buy” rating by Needham on Thursday, September 17. The stock has “Buy” rating given by Roth Capital on Monday, November 2. The company was initiated on Friday, December 18 by FBR Capital. As per Wednesday, September 9, the company rating was initiated by Oppenheimer. On Thursday, February 4 the stock rating was maintained by Needham with “Buy”. TH Capital maintained it with “Buy” rating and $40 target price in Thursday, August 13 report. The rating was maintained by Needham with “Buy” on Tuesday, May 10. Barclays Capital maintained the stock with “Overweight” rating in Wednesday, August 10 report.

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 important recent Solaredge Technologies Inc (NASDAQ:SEDG) news were published by: which released: “Can SolarEdge Technologies Inc. Break Into Energy Storage?” on July 19, 2016, also published article titled: “Why SolarEdge Technologies Inc.’s Shares Fell 22% Today”, published: “The Biggest Problem With SolarEdge Technologies Inc. Stock” on April 01, 2016. More interesting news about Solaredge Technologies Inc (NASDAQ:SEDG) was released by: and their article: “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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