NASDAQ:SEDG

SolarEdge Technologies (SEDG) Stock Forecast, Price & News

$290.75

-3.35 (-1.14%)

(As of 06/6/2023 ET)

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Today's Range: $286.79
▼
$299.99
50-Day Range: $263.61
▼
$319.20
52-Week Range: $190.15
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$375.90

Volume: 606,457 shs
Average Volume: 1.09 million shs
Market Capitalization: $16.38 billion

P/E Ratio: 85.51
Dividend Yield: N/A
Price Target: $374.26

SolarEdge Technologies MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.74 Rating Score
Upside/Downside: 28.7% Upside
$374.26 Price Target
Short Interest: Healthy
5.09% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.83
Upright™ Environmental Score
News Sentiment: 1.16
Based on 2 Articles This Week
Insider Trading: Selling Shares
$1.52 M Sold Last Quarter
Proj. Earnings Growth: 24.88%
From $8.56 to $10.69 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.10 out of 5 stars

Oils/Energy Sector

18th out of 241 stocks

Semiconductors & Related Devices Industry

5th out of 86 stocks

4.4

Analyst's Opinion

Consensus Rating
SolarEdge Technologies has received a consensus rating of Buy. The company's average rating score is 2.74, and is based on 14 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $374.26, SolarEdge Technologies has a forecasted upside of 28.7% from its current price of $290.75.
Amount of Analyst Coverage
SolarEdge Technologies has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
5.09% of the outstanding shares of SolarEdge Technologies have been sold short.
Short Interest Ratio / Days to Cover
SolarEdge Technologies has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in SolarEdge Technologies has recently decreased by 4.33%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
SolarEdge Technologies does not currently pay a dividend.
Dividend Growth
SolarEdge Technologies does not have a long track record of dividend growth.

3.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
SolarEdge Technologies has received a 50.35% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Electrochemical energy storages", "Power optimizers for solar panels", and "Voltage converters for solar panels" products. See details.
Environmental Sustainability
The Environmental Impact score for SolarEdge Technologies is -0.83.

2.3

News and Social Media Coverage

News Sentiment
SolarEdge Technologies has a news sentiment score of 1.16. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for SolarEdge Technologies this week, compared to 6 articles on an average week.
Search Interest
Only 22 people have searched for SEDG on MarketBeat in the last 30 days. This is a decrease of -64% compared to the previous 30 days.
MarketBeat Follows
Only 9 people have added SolarEdge Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, SolarEdge Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,521,675.00 in company stock.
Percentage Held by Insiders
Only 1.17% of the stock of SolarEdge Technologies is held by insiders.
Percentage Held by Institutions
80.01% of the stock of SolarEdge Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for SolarEdge Technologies are expected to grow by 24.88% in the coming year, from $8.56 to $10.69 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of SolarEdge Technologies is 85.51, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.01.
Price to Earnings Ratio vs. Sector
The P/E ratio of SolarEdge Technologies is 85.51, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 48.72.
Price to Earnings Growth Ratio
SolarEdge Technologies has a PEG Ratio of 1.02. PEG Ratios around 1 indicate that a company is correctly valued.
Price to Book Value per Share Ratio
SolarEdge Technologies has a P/B Ratio of 7.47. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About SolarEdge Technologies (NASDAQ:SEDG) Stock

SolarEdge Technologies, Inc. engages in the development of energy technology, which provides inverter solutions. The firm operates through the following segments: Solar and All Other. The Solar segment includes the design, development, manufacturing, and sales of an inverter solution designed to maximize power generation. The All Other segment includes the design, development, manufacturing and sales of UPS products, energy storage products, e-Mobility products, and automated machines. Its products and services include photovoltaic inverters, power optimizers, photovoltaic monitoring, software tools, and electric vehicle chargers. The company was founded by Guy Sella, Lior Handelsman, Yoav Galin, Meir Adest, and Amir Fishelov in 2006 and is headquartered in Herzliya, Israel.

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SEDG Stock News Headlines

May 16, 2023 | marketbeat.com

First Solar Rises to a 15-Year High on Sunny Takeover Deal (SEDG)

First Solar is shining again, trading at its highest level since 2008 thanks to an astute buyout and positive regulatory news.

June 4, 2023 | seekingalpha.com

SolarEdge: Europe To Continue To Be Growth Driver

June 6, 2023 | Legacy Research (Affiliate) (Ad)

Sell Every Stock, Except ONE (Ticker Revealed)

We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.

May 26, 2023 | americanbankingnews.com

Barclays Lowers SolarEdge Technologies (NASDAQ:SEDG) Price Target to $390.00

May 25, 2023 | finance.yahoo.com

Does The Market Have A Low Tolerance For SolarEdge Technologies, Inc.'s (NASDAQ:SEDG) Mixed Fundamentals?

May 24, 2023 | msn.com

Barclays Maintains Solaredge Technologies (SEDG) Overweight Recommendation

May 22, 2023 | americanbankingnews.com

SolarEdge Technologies (NASDAQ:SEDG) Coverage Initiated by Analysts at StockNews.com

May 22, 2023 | americanbankingnews.com

Brokerages Set SolarEdge Technologies, Inc. (NASDAQ:SEDG) PT at $374.37

June 6, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Missile" to Replace Nuclear Missiles

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

May 20, 2023 | americanbankingnews.com

SolarEdge Technologies, Inc. (NASDAQ:SEDG) to Post Q2 2023 Earnings of $2.14 Per Share, Northland Capmk Forecasts

May 18, 2023 | americanbankingnews.com

Contrasting SolarEdge Technologies (NASDAQ:SEDG) & United Microelectronics (NYSE:UMC)

May 17, 2023 | finance.yahoo.com

SolarEdge’s Annual Sustainability Report Published Today, Unveils: 50% of Fortune 100 Companies Have SolarEdge Technology on their Rooftops

May 17, 2023 | americanbankingnews.com

SolarEdge Technologies, Inc. (NASDAQ:SEDG) Expected to Earn Q3 2024 Earnings of $2.80 Per Share

May 15, 2023 | seekingalpha.com

Solaredge Technologies (SEDG) Investor Presentation - Slideshow

May 12, 2023 | markets.businessinsider.com

SolarEdge Technologies Stock (NASDAQ:SEDG) Looks Ready to Finally Break Out

May 11, 2023 | americanbankingnews.com

Insider Selling: SolarEdge Technologies, Inc. (NASDAQ:SEDG) Insider Sells 2,500 Shares of Stock

May 11, 2023 | americanbankingnews.com

Analyzing SolarEdge Technologies (NASDAQ:SEDG) and GLOBALFOUNDRIES (NASDAQ:GFS)

May 10, 2023 | marketwatch.com

SolarEdge Technologies Settles Intellectual Property Claim With Ampt

May 9, 2023 | americanbankingnews.com

Reviewing SolarEdge Technologies (NASDAQ:SEDG) and Semiconductor Manufacturing International (OTCMKTS:SMICY)

May 8, 2023 | americanbankingnews.com

SolarEdge Technologies (NASDAQ:SEDG) Price Target Raised to $380.00

May 8, 2023 | americanbankingnews.com

SolarEdge Technologies (NASDAQ:SEDG) Lifted to "Hold" at StockNews.com

May 7, 2023 | seekingalpha.com

SolarEdge: Strong Tailwinds And Close To Buy Range

May 7, 2023 | americanbankingnews.com

SolarEdge Technologies (NASDAQ:SEDG) Upgraded at Deutsche Bank Aktiengesellschaft

May 6, 2023 | americanbankingnews.com

SolarEdge Technologies (NASDAQ:SEDG) Upgraded to Hold at StockNews.com

May 6, 2023 | americanbankingnews.com

BMO Capital Markets Raises SolarEdge Technologies (NASDAQ:SEDG) Price Target to $395.00

May 5, 2023 | msn.com

Truist Securities Maintains Solaredge Technologies (SEDG) Buy Recommendation

May 5, 2023 | msn.com

SolarEdge (SEDG) Q1 Earnings Beat Estimates, Revenues Rise Y/Y

See More Headlines

SEDG Price History

30 days | 90 days | 365 days | Advanced Chart

SEDG Company Calendar

Last Earnings: 5/03/2023
Today: 6/06/2023
Next Earnings (Estimated): 8/01/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Semiconductors & related devices
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NASDAQ:SEDG
CUSIP: N/A
CIK: 1419612
Web: www.solaredge.com
Phone: (729) 957-6620
Fax: 972-9957-6591
Employees: 4,926
Year Founded: 2006

Price Target and Rating

Average Stock Price Forecast: $374.26
High Stock Price Forecast: $418.00
Low Stock Price Forecast: $325.00
Forecasted Upside/Downside: +27.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.74
Research Coverage: 19 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.40
Trailing P/E Ratio: 86.37
Forward P/E Ratio: 34.30
P/E Growth: 1.02
Net Income: $93.78 million
Net Margins: 5.86%
Pretax Margin: 8.81%
Return on Equity: 14.49%
Return on Assets: 7.59%

Debt

Debt-to-Equity Ratio: 0.28
Current Ratio: 3.60
Quick Ratio: 2.63

Sales & Book Value

Annual Sales: $3.11 billion
Price / Sales: 5.32
Cash Flow: $7.06 per share
Price / Cash Flow: 41.61
Book Value: $38.94 per share
Price / Book: 7.54

Miscellaneous

Outstanding Shares: 56,350,000
Free Float: 55,686,000
Market Cap: $16.55 billion
Optionable: Optionable
Beta: 1.42

Social Links

Key Executives

Zvi Lando
Chief Executive Officer & Director

Uri Bechor
Chief Operating Officer

Ronen Faier
Chief Financial Officer

Yoav Galin
Vice President-Research & Development

Ilan Yoscovich
Chief Technology Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SEDG Stock - Frequently Asked Questions

Should I buy or sell SolarEdge Technologies stock right now?: 19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SolarEdge Technologies in the last year. There are currently 5 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SEDG shares.
View SEDG analyst ratings or view top-rated stocks.
What is SolarEdge Technologies' stock price forecast for 2023?: 19 brokers have issued 12 month price objectives for SolarEdge Technologies' stock. Their SEDG share price forecasts range from $325.00 to $418.00. On average, they expect the company's share price to reach $374.26 in the next twelve months. This suggests a possible upside of 27.5% from the stock's current price.
View analysts price targets for SEDG or view top-rated stocks among Wall Street analysts.
How have SEDG shares performed in 2023?: SolarEdge Technologies' stock was trading at $283.27 on January 1st, 2023. Since then, SEDG shares have increased by 3.7% and is now trading at $293.65.
View the best growth stocks for 2023 here.
When is SolarEdge Technologies' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our SEDG earnings forecast.
How were SolarEdge Technologies' earnings last quarter?: SolarEdge Technologies, Inc. (NASDAQ:SEDG) released its earnings results on Wednesday, May, 3rd. The semiconductor company reported $2.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.85. The semiconductor company had revenue of $943.89 million for the quarter, compared to analyst estimates of $929.37 million. SolarEdge Technologies had a trailing twelve-month return on equity of 14.49% and a net margin of 5.86%.
What ETFs hold SolarEdge Technologies' stock?: ETFs with the largest weight of SolarEdge Technologies (NASDAQ:SEDG) stock in their portfolio include Invesco Solar ETF (TAN), VanEck Israel ETF (ISRA), iShares Global Clean Energy ETF (ICLN), Virtus Duff & Phelps Clean Energy ETF (VCLN), BlueStar Israel Technology ETF (ITEQ), Global X Clean Tech ETF (CTEC), Global X Solar ETF (RAYS) and Subversive Decarbonization ETF (DKRB).
What guidance has SolarEdge Technologies issued on next quarter's earnings?: SolarEdge Technologies issued an update on its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $970.00M-$1.01 billion, compared to the consensus revenue estimate of $986.37 million.
What is Zvi Lando's approval rating as SolarEdge Technologies' CEO?: 15 employees have rated SolarEdge Technologies Chief Executive Officer Zvi Lando on Glassdoor.com. Zvi Lando has an approval rating of 89% among the company's employees.

What other stocks do shareholders of SolarEdge Technologies own?: Based on aggregate information from My MarketBeat watchlists, some companies that other SolarEdge Technologies investors own include NVIDIA (NVDA), Alibaba Group (BABA), Tesla (TSLA), PayPal (PYPL), Salesforce (CRM), Advanced Micro Devices (AMD), Walt Disney (DIS), Block (SQ), Enphase Energy (ENPH) and Netflix (NFLX).
When did SolarEdge Technologies IPO?: (SEDG) raised $119 million in an IPO on Thursday, March 26th 2015. The company issued 7,000,000 shares at $16.00-$18.00 per share. Goldman Sachs and Deutsche Bank Securities served as the underwriters for the IPO and Needham, Canaccord Genuity and Roth Capital Partners were co-managers.
What is SolarEdge Technologies' stock symbol?: SolarEdge Technologies trades on the NASDAQ under the ticker symbol "SEDG."
Who are SolarEdge Technologies' major shareholders?: SolarEdge Technologies' stock is owned by many different institutional and retail investors. Top institutional shareholders include Pictet Asset Management SA (2.19%), Geode Capital Management LLC (1.73%), Baillie Gifford & Co. (1.65%), Susquehanna International Group LLP (0.00%), Harel Insurance Investments & Financial Services Ltd. (1.25%) and Clearbridge Investments LLC (1.20%). Insiders that own company stock include Doron Inbar, Lior Handelsman, Marcel Gani, Marcus Boehm, Meir Adest, More Avery, Rachel Prishkolnik, Ronen Faier, Tal Payne, Uri Bechor, Yoav Galin and Zvi Lando.
View institutional ownership trends.
How do I buy shares of SolarEdge Technologies?: Shares of SEDG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is SolarEdge Technologies' stock price today?: One share of SEDG stock can currently be purchased for approximately $293.65.
How much money does SolarEdge Technologies make?: SolarEdge Technologies (NASDAQ:SEDG) has a market capitalization of $16.55 billion and generates $3.11 billion in revenue each year. The semiconductor company earns $93.78 million in net income (profit) each year or $3.40 on an earnings per share basis.
How many employees does SolarEdge Technologies have?: The company employs 4,926 workers across the globe.
Does SolarEdge Technologies have any subsidiaries?: The following companies are subsidiares of SolarEdge Technologies: Gamatronic (UK) Limited., Gamatronic Electronic Industries, Guangzhou SolarEdge Machinery Technical Consulting Co. Ltd, Kokam, Kokam Co. Ltd., S.M.R.E., SMRE, SOLAREDGE TECHNOLOGIES (INDIA) PRIVATE LIMITED, SOLAREDGE TEKNOLOJİ A.Ş., SolarEdge Technologies (Australia) PTY LTD, SolarEdge Technologies (Belgium) SPRL, SolarEdge Technologies (Bulgaria) Ltd., SolarEdge Technologies (Canada) Ltd., SolarEdge Technologies (France) SARL., SolarEdge Technologies (Holland) B.V., SolarEdge Technologies (Japan) Co. Ltd., SolarEdge Technologies (Sweden) AB, SolarEdge Technologies (UK) Ltd., SolarEdge Technologies China, SolarEdge Technologies GmbH, SolarEdge Technologies Italy S.R.L., SolarEdge Technologies Korea Co. Ltd., SolarEdge Technologies Ltd., SolarEdge Technologies SRL., and SolarEdge Technologies Taiwan Co. Ltd..
Read More
How can I contact SolarEdge Technologies?: SolarEdge Technologies' mailing address is 1 HAMADA STREET POB 12001, HERZILIYA PITUACH L3, 4673335. The official website for the company is www.solaredge.com. The semiconductor company can be reached via phone at (729) 957-6620, via email at investors@solaredge.com, or via fax at 972-9957-6591.

This page (NASDAQ:SEDG) was last updated on 6/6/2023 by MarketBeat.com Staff

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