Media coverage about Solaredge Technologies (NASDAQ:SEDG) has trended somewhat positive recently, Alpha One Sentiment reports. The research group, a division of Accern, rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Solaredge Technologies earned a news sentiment score of 0.02 on Alpha One’s scale. Alpha One also assigned media stories about the semiconductor company an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an effect on the company’s share price in the next several days.
These are some of the media stories that may have effected Alpha One Sentiment’s scoring:
SEDG has been the topic of a number of research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $22.00 target price on shares of Solaredge Technologies in a research report on Wednesday, February 15th. JMP Securities raised Solaredge Technologies from a “market perform” rating to an “outperform” rating and set a $19.00 price target for the company in a research report on Friday, March 3rd. FBR & Co reissued a “market perform” rating and issued a $17.00 price target on shares of Solaredge Technologies in a research report on Wednesday, February 15th. Goldman Sachs Group Inc reissued a “sell” rating on shares of Solaredge Technologies in a research report on Friday, February 10th. Finally, Roth Capital reissued a “neutral” rating and issued a $14.00 price target on shares of Solaredge Technologies in a research report on Tuesday, February 14th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $18.27.
Solaredge Technologies (NASDAQ:SEDG) traded up 1.59% during midday trading on Friday, reaching $15.95. The company had a trading volume of 526,486 shares. The stock has a market capitalization of $658.18 million, a PE ratio of 13.75 and a beta of -0.25. The company has a 50-day moving average of $15.46 and a 200-day moving average of $14.08. Solaredge Technologies has a 12-month low of $11.35 and a 12-month high of $22.96.
Solaredge Technologies (NASDAQ:SEDG) last posted its quarterly earnings results on Tuesday, February 14th. The semiconductor company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.01. Solaredge Technologies had a return on equity of 29.93% and a net margin of 15.46%. The business earned $111.50 million during the quarter, compared to analysts’ expectations of $115.82 million. During the same quarter in the prior year, the firm earned $0.44 EPS. The firm’s revenue for the quarter was down 10.7% compared to the same quarter last year. On average, analysts predict that Solaredge Technologies will post $1.28 EPS for the current fiscal year.
In other news, VP Yoav Galin sold 120,000 shares of the business’s stock in a transaction on Monday, March 27th. The stock was sold at an average price of $14.27, for a total value of $1,712,400.00. Following the completion of the transaction, the vice president now owns 540,838 shares in the company, valued at $7,717,758.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 26.52% of the stock is owned by insiders.
Solaredge Technologies Company Profile
SolarEdge Technologies, Inc 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. Its product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management.