The stock of Solaredge Technologies Inc (NASDAQ:SEDG) is a huge mover today! The stock increased 3.92% or $0.5 on November 23, hitting $13.25. About 828,067 shares traded hands. Solaredge Technologies Inc (NASDAQ:SEDG) has declined 52.61% since April 22, 2016 and is downtrending. It has underperformed by 58.02% the S&P500.
The move comes after 9 months positive chart setup for the $548.39M company. It was reported on Nov, 24 by Barchart.com. We have $13.91 PT which if reached, will make NASDAQ:SEDG worth $27.42 million more.
Analysts await Solaredge Technologies Inc (NASDAQ:SEDG) to report earnings on February, 1. They expect $0.23 EPS, down 43.90% or $0.18 from last year’s $0.41 per share. SEDG’s profit will be $9.52M for 14.40 P/E if the $0.23 EPS becomes a reality. After $0.43 actual EPS reported by Solaredge Technologies Inc for the previous quarter, Wall Street now forecasts -46.51% negative EPS growth.
Solaredge Technologies Inc (NASDAQ:SEDG) Ratings Coverage
Out of 15 analysts covering SolarEdge Technologies (NASDAQ:SEDG), 8 rate it a “Buy”, 3 “Sell”, while 4 “Hold”. This means 53% are positive. SolarEdge Technologies has been the topic of 34 analyst reports since August 13, 2015 according to StockzIntelligence Inc. On Thursday, February 4 the stock rating was maintained by Needham with “Buy”. The firm has “Buy” rating by Roth Capital given on Monday, November 2. Needham maintained it with “Buy” rating and $36 target price in Tuesday, May 10 report. The company was maintained on Thursday, November 5 by Needham. As per Tuesday, November 22, the company rating was maintained by Barclays Capital. The firm earned “Hold” rating on Tuesday, August 18 by Zacks. The rating was downgraded by Roth Capital to “Neutral” on Thursday, November 10. The rating was maintained by Needham with “Buy” on Thursday, August 13. The stock has “Market Outperform” rating given by Avondale on Friday, August 14. The company was initiated on Thursday, September 3 by Cowen & Co.
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: Fool.com which released: “Why SolarEdge Technologies Inc’s Shares Fell 19% Today” on November 10, 2016, also Fool.com with their article: “The Biggest Problem With SolarEdge Technologies Inc. Stock” published on April 01, 2016, Fool.com published: “Can SolarEdge Technologies Inc. Break Into Energy Storage?” on July 19, 2016. More interesting news about Solaredge Technologies Inc (NASDAQ:SEDG) were released by: Fool.com and their article: “Why SolarEdge Technologies Inc.’s Shares Fell 22% Today” published on May 10, 2016 as well as Valuewalk.com‘s news article titled: “SolarCity Corp Beats Estimates, SolarEdge Technologies Inc, Misses On Sales” with publication date: August 09, 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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