Media headlines about SolarEdge Technologies (NASDAQ:SEDG) have been trending positive on Tuesday, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SolarEdge Technologies earned a media sentiment score of 0.31 on Accern’s scale. Accern also gave media coverage about the semiconductor company an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- SolarEdge Technologies, Inc. (NASDAQ:SEDG) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Zvi Lando Sells 1,300 Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) Stock (americanbankingnews.com)
- SolarEdge Technologies, Inc. (NASDAQ:SEDG) Sees Unusual Trading Volume in Its Shares – Highlight Press (highlightpress.com)
- SolarEdge Technologies, Inc. (NASDAQ:SEDG) Given New $25.00 Price Target at Needham & Company LLC (americanbankingnews.com)
- Analyst’s keeping an Eye on: Solaredge Tech Cmn (SEDG) (joshnaijablog.com)
SEDG has been the topic of a number of recent analyst reports. Vetr raised shares of SolarEdge Technologies from a “sell” rating to a “strong-buy” rating and set a $18.52 price target on the stock in a research note on Tuesday, April 11th. TheStreet raised shares of SolarEdge Technologies from a “d” rating to a “c” rating in a research note on Wednesday, April 26th. Cowen and Company set a $21.00 price objective on shares of SolarEdge Technologies and gave the stock an “outperform” rating in a research report on Wednesday, May 10th. Roth Capital set a $16.00 price objective on shares of SolarEdge Technologies and gave the stock a “hold” rating in a research report on Wednesday, May 10th. Finally, FBR & Co reiterated a “market perform” rating and issued a $50.00 price objective (up from $17.00) on shares of SolarEdge Technologies in a research report on Thursday, May 11th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. SolarEdge Technologies has a consensus rating of “Hold” and a consensus target price of $19.75.
SolarEdge Technologies (NASDAQ SEDG) opened at 21.85 on Tuesday. The stock’s 50 day moving average is $19.03 and its 200 day moving average is $15.51. The stock has a market capitalization of $907.95 million, a price-to-earnings ratio of 21.72 and a beta of -0.04. SolarEdge Technologies has a one year low of $11.35 and a one year high of $22.15.
SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly earnings results on Tuesday, May 9th. The semiconductor company reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.09. The business had revenue of $115.10 million during the quarter, compared to analyst estimates of $114.10 million. SolarEdge Technologies had a return on equity of 21.03% and a net margin of 11.85%. The firm’s revenue was down 8.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 EPS. On average, equities analysts forecast that SolarEdge Technologies will post $1.42 EPS for the current year.
In related news, VP Meir Adest sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $20.00, for a total value of $60,000.00. Following the transaction, the vice president now directly owns 332,624 shares of the company’s stock, valued at approximately $6,652,480. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Lior Handelsman sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $21.44, for a total value of $107,200.00. Following the completion of the transaction, the vice president now directly owns 251,814 shares in the company, valued at $5,398,892.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,510 shares of company stock valued at $875,774. 16.40% of the stock is owned by corporate insiders.
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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.
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