Solaredge Technologies (SEDG) Earning Somewhat Favorable Press Coverage, Study Finds

Headlines about Solaredge Technologies (NASDAQ:SEDG) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public 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 0.16 on Accern’s scale. Accern also gave media coverage about the semiconductor company an impact score of 44.2531914960819 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Solaredge Technologies (SEDG) opened at $39.05 on Thursday. The firm has a market capitalization of $1,680.00 and a PE ratio of 23.52. Solaredge Technologies has a 1-year low of $12.25 and a 1-year high of $39.90.

Several analysts have weighed in on the company. Zacks Investment Research raised Solaredge Technologies from a “hold” rating to a “strong-buy” rating and set a $44.00 price target on the stock in a report on Tuesday, November 14th. Deutsche Bank cut Solaredge Technologies from a “buy” rating to a “hold” rating and set a $40.00 price target on the stock. in a report on Monday, November 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $30.00 price target on shares of Solaredge Technologies in a report on Tuesday, September 12th. Roth Capital raised their price target on Solaredge Technologies from $36.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, November 9th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $36.00 price target (up previously from $30.00) on shares of Solaredge Technologies in a report on Monday, November 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Solaredge Technologies currently has a consensus rating of “Buy” and an average target price of $34.19.

In related news, VP Lior Handelsman sold 25,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $38.10, for a total transaction of $952,500.00. Following the transaction, the vice president now directly owns 152,950 shares of the company’s stock, valued at approximately $5,827,395. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Ronen Faier sold 30,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $37.80, for a total value of $1,134,000.00. Following the transaction, the chief financial officer now directly owns 91,666 shares in the company, valued at $3,464,974.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 118,288 shares of company stock worth $4,284,390. 16.40% of the stock is currently owned by 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.

Insider Buying and Selling by Quarter for Solaredge Technologies (NASDAQ:SEDG)

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