The Solaredge Technologies’ (SEDG) “Market Perform” Rating Reaffirmed at FBR & Co

The Solaredge Technologies’ (SEDG) “Market Perform” Rating Reaffirmed at FBR & Co

A number of other research analysts have also recently issued reports on the company. Vetr raised Solaredge Technologies from a sell rating to a strong-buy rating and set a $18.52 target price for the company in a research note on Tuesday, April 11th. TheStreet raised Solaredge Technologies from a d rating to a c rating in a research note on Wednesday, April 26th. Zacks Investment Research raised Solaredge Technologies from a sell rating to a hold rating in a research note on Tuesday, January 17th. Goldman Sachs Group Inc reissued a sell rating on shares of Solaredge Technologies in a research note on Friday, February 10th. Finally, Axiom Securities restated a sell rating on shares of Solaredge Technologies in a report on Thursday, February 2nd. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $18.68.

FBR & Co reiterated their market perform rating on shares of Solaredge Technologies Inc (NASDAQ:SEDG) in a research note issued to investors on Thursday, May 11th. They currently have a $50.00 target price on the semiconductor company’s stock, up from their previous target price of $17.00.

Solaredge Technologies (NASDAQ:SEDG) opened at 18.40 on Thursday. Solaredge Technologies has a 52 week low of $11.35 and a 52 week high of $22.95. The firm has a market cap of $764.59 million, a P/E ratio of 18.29 and a beta of -0.25. The company has a 50-day moving average of $17.09 and a 200 day moving average of $14.63. Solaredge Technologies (NASDAQ:SEDG) last announced its quarterly earnings data on Tuesday, May 9th. The semiconductor company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.09. Solaredge Technologies had a return on equity of 29.93% and a net margin of 15.46%. The business had revenue of $115.10 million during the quarter, compared to analysts’ expectations of $114.10 million. During the same period in the previous year, the firm earned $0.51 earnings per share. The firm’s quarterly revenue was down 8.1% compared to the same quarter last year. On average, equities analysts predict that Solaredge Technologies will post $1.44 earnings per share for the current year.

Solaredge Technologies (NASDAQ:SEDG) opened at 18.40 on Thursday. Solaredge Technologies has a 52 week low of $11.35 and a 52 week high of $22.95. The firm has a market cap of $764.59 million, a P/E ratio of 18.29 and a beta of -0.25. The company has a 50-day moving average of $17.09 and a 200 day moving average of $14.63. In related news, VP Yoav Galin sold 120,000 shares of the stock in a transaction that occurred on Monday, March 27th. The stock was sold at an average price of $14.27, for a total transaction of $1,712,400.00. Following the sale, the vice president now owns 540,838 shares of the company’s stock, valued at $7,717,758.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 26.52% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC acquired a new stake in Solaredge Technologies during the fourth quarter valued at $138,000. Koch Industries Inc. acquired a new stake in Solaredge Technologies during the fourth quarter valued at $141,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Solaredge Technologies during the first quarter valued at $173,000. Dynamic Technology Lab Private Ltd acquired a new stake in Solaredge Technologies during the first quarter valued at $178,000. Finally, CAPROCK Group Inc. acquired a new stake in Solaredge Technologies during the first quarter valued at $196,000. Hedge funds and other institutional investors own 61.51% of the company’s stock. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SEDG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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