SolarEdge Technologies (SEDG) Stock Forecast, Price & News

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SolarEdge Technologies in the last year. There are currently 6 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SEDG shares.
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22 brokerages have issued 1 year target prices for SolarEdge Technologies' stock. Their SEDG share price forecasts range from $181.00 to $418.00. On average, they expect the company's stock price to reach $321.14 in the next year. This suggests a possible upside of 136.4% from the stock's current price.
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SolarEdge Technologies' stock was trading at $283.27 at the beginning of the year. Since then, SEDG shares have decreased by 52.0% and is now trading at $135.83.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
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SolarEdge Technologies, Inc. (NASDAQ:SEDG) posted its quarterly earnings data on Tuesday, August, 1st. The semiconductor company reported $2.06 EPS for the quarter, beating analysts' consensus estimates of $2.05 by $0.01. The semiconductor company earned $991.29 million during the quarter, compared to the consensus estimate of $989.17 million. SolarEdge Technologies had a net margin of 8.29% and a trailing twelve-month return on equity of 18.19%.

ETFs with the largest weight of SolarEdge Technologies (NASDAQ:SEDG) stock in their portfolio include Invesco Solar ETF (TAN), VanEck Israel ETF (ISRA), Global X Solar ETF (RAYS), BlueStar Israel Technology ETF (ITEQ), Virtus Duff & Phelps Clean Energy ETF (VCLN), iShares Global Clean Energy ETF (ICLN), Global X Clean Tech ETF (CTEC) and Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN).

SolarEdge Technologies updated its third quarter 2023 earnings guidance on Tuesday, August, 1st. The company provided EPS guidance of for the period. The company issued revenue guidance of $880.00 million-$920.00 million, compared to the consensus revenue estimate of $1.05 billion.

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.

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).

(SEDG) raised $119 million in an IPO on Thursday, March 26th 2015. The company issued 7,000,000 shares at a price of $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.

SolarEdge Technologies trades on the NASDAQ under the ticker symbol "SEDG."

SolarEdge Technologies' stock is owned by many different retail and institutional investors. Top institutional investors include Geode Capital Management LLC (1.78%), Baillie Gifford & Co. (1.66%), DSM Capital Partners LLC (1.43%), Harel Insurance Investments & Financial Services Ltd. (1.38%), Impax Asset Management Group plc (1.14%) and Senvest Management LLC (0.98%). Insiders that own company stock include Doron Inbar, Marcel Gani, Marcus Boehm, Meir Adest, More Avery, Rachel Prishkolnik, Ronen Faier, Tal Payne, Uri Bechor, Yoav Galin and Zvi Lando.
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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.
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One share of SEDG stock can currently be purchased for approximately $135.83.

SolarEdge Technologies (NASDAQ:SEDG) has a market capitalization of $7.68 billion and generates $3.11 billion in revenue each year. The semiconductor company earns $93.78 million in net income (profit) each year or $5.17 on an earnings per share basis.

The company employs 4,926 workers across the globe.

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.