SolarEdge Technologies Stock Price, News & Analysis (NASDAQ:SEDG)

27 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SolarEdge Technologies in the last year. There are currently 1 sell rating, 19 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SEDG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SEDG, but not buy additional shares or sell existing shares.
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27 equities research analysts have issued 12-month price objectives for SolarEdge Technologies' stock. Their SEDG share price targets range from $60.00 to $356.00. On average, they expect the company's stock price to reach $150.74 in the next twelve months. This suggests a possible upside of 79.9% from the stock's current price.
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SolarEdge Technologies' stock was trading at $283.27 at the beginning of 2023. Since then, SEDG stock has decreased by 70.4% and is now trading at $83.79.
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SolarEdge Technologies saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 8,870,000 shares, an increase of 18.0% from the October 31st total of 7,520,000 shares. Based on an average daily trading volume, of 2,780,000 shares, the days-to-cover ratio is currently 3.2 days.
View SolarEdge Technologies' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, February 12th 2024.
View our SEDG earnings forecast.

SolarEdge Technologies, Inc. (NASDAQ:SEDG) issued its earnings results on Wednesday, November, 1st. The semiconductor company reported ($1.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by $1.26. The semiconductor company earned $725.31 million during the quarter, compared to analyst estimates of $766.65 million. SolarEdge Technologies had a net margin of 6.13% and a trailing twelve-month return on equity of 14.14%.

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 Thursday, October, 19th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $720.00 million-$730.00 million, compared to the consensus revenue estimate of $909.02 million.

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 initial public offering (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 acted as the underwriters for the IPO and Needham, Canaccord Genuity and Roth Capital Partners were co-managers.

SolarEdge Technologies' stock is owned by a variety of retail and institutional investors. Top institutional investors include Invesco Ltd. (4.14%), Baillie Gifford & Co. (3.12%), Grantham Mayo Van Otterloo & Co. LLC (2.63%), Impax Asset Management Group plc (1.66%), Harel Insurance Investments & Financial Services Ltd. (1.58%) and Robeco Schweiz AG (1.13%). 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.
View institutional ownership trends.

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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