NASDAQ:SEDG - Solaredge Technologies Stock Price, Forecast & News

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

Solaredge Technologies Inc (NASDAQ:SEDG) issued its quarterly earnings results on Wednesday, February, 19th. The semiconductor company reported $1.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.11 by $0.54. The semiconductor company had revenue of $418.22 million for the quarter, compared to analysts' expectations of $413.80 million. Solaredge Technologies had a return on equity of 20.03% and a net margin of 10.28%. The firm's revenue for the quarter was up 58.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.63 EPS. View Solaredge Technologies' Earnings History.

Solaredge Technologies is scheduled to release their next quarterly earnings announcement on Monday, May 4th 2020. View Earnings Estimates for Solaredge Technologies.

Solaredge Technologies updated its first quarter 2020 After-Hours earnings guidance on Wednesday, February, 19th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $425-440 million, compared to the consensus revenue estimate of $389.26 million.

12 brokers have issued 1 year target prices for Solaredge Technologies' stock. Their forecasts range from $52.00 to $160.00. On average, they expect Solaredge Technologies' share price to reach $125.00 in the next year. This suggests that the stock has a possible downside of 6.0%. View Analyst Price Targets for Solaredge Technologies.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Solaredge Technologies in the last year. There are currently 3 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Solaredge Technologies.

News headlines about SEDG stock have been trending very negative recently, InfoTrie Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Solaredge Technologies earned a news impact score of -3.0 on InfoTrie's scale. They also assigned news coverage about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Solaredge Technologies.

Solaredge Technologies saw a decrease in short interest in January. As of January 15th, there was short interest totalling 5,930,000 shares, a decrease of 15.2% from the December 31st total of 6,990,000 shares. Based on an average daily volume of 1,400,000 shares, the short-interest ratio is currently 4.2 days. Currently, 12.8% of the company's stock are short sold. View Solaredge Technologies' Current Options Chain.

Some companies that are related to Solaredge Technologies include STMicroelectronics (STM), Microchip Technology (MCHP), Kyocera (KYOCY), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Marvell Technology Group (MRVL), Qorvo (QRVO), ASE Technology (ASX), Semiconductor Manufacturing International (SMICY), Advantest (ATEYY), Cypress Semiconductor (CY), ON Semiconductor (ON), Monolithic Power Systems (MPWR) and Enphase Energy (ENPH).

Based on aggregate information from My MarketBeat watchlists, some companies that other Solaredge Technologies investors own include NVIDIA (NVDA), Alibaba Group (BABA), Walt Disney (DIS), Micron Technology (MU), Advanced Micro Devices (AMD), Paypal (PYPL), Enphase Energy (ENPH), salesforce.com (CRM), Netflix (NFLX) and Tesla (TSLA).

(SEDG) raised $119 million in an initial public offering (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.

Solaredge Technologies' stock is owned by many different of retail and institutional investors. Top institutional shareholders include FMR LLC (4.12%), Ion Asset Management Ltd. (3.30%), Migdal Insurance & Financial Holdings Ltd. (2.76%), Harel Insurance Investments & Financial Services Ltd. (2.55%), Psagot Investment House Ltd. (2.28%) and Menora Mivtachim Holdings LTD. (1.78%). Company insiders that own Solaredge Technologies stock include Doron Inbar, Guy Sella, Lior Handelsman, Meir Adest, More Avery, Rachel Prishkolnik, Ronen Faier, Yoav Galin and Zvi Lando. View Institutional Ownership Trends for Solaredge Technologies.

SEDG stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Principal Financial Group Inc., Menora Mivtachim Holdings LTD., Penserra Capital Management LLC, Artisan Partners Limited Partnership, Public Sector Pension Investment Board, Cubist Systematic Strategies LLC and Noked Israel Ltd. Company insiders that have sold Solaredge Technologies company stock in the last year include Doron Inbar, Lior Handelsman, Meir Adest, More Avery, Rachel Prishkolnik, Ronen Faier, Yoav Galin and Zvi Lando. View Insider Buying and Selling for Solaredge Technologies.

SEDG stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Senvest Management LLC, Bank of America Corp DE, Goldman Sachs Group Inc., Clark Capital Management Group Inc., Ion Asset Management Ltd., Psagot Investment House Ltd. and Migdal Insurance & Financial Holdings Ltd.. View Insider Buying and Selling for Solaredge Technologies.

Shares of SEDG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of SEDG stock can currently be purchased for approximately $133.00.

Solaredge Technologies has a market capitalization of $6.47 billion and generates $1.43 billion in revenue each year. The semiconductor company earns $146.55 million in net income (profit) each year or $2.90 on an earnings per share basis. Solaredge Technologies employs 1,737 workers across the globe.View Additional Information About Solaredge Technologies.

The official website for Solaredge Technologies is http://www.solaredge.com/.

Solaredge Technologies' mailing address is 1 HAMADA STREET POB 12001, HERZILIYA PITUACH L3, 4673335. The semiconductor company can be reached via phone at 972-9957-6620 or via email at [email protected]