SolarEdge Technologies - SEDG Stock Forecast, Price & News

SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. It operates through five segments: Solar, Energy Storage, e-Mobility, Critical Power, and Automation Machines. The company offers inverters, power optimizers, communication devices, and smart energy management solutions used in residential, commercial, and small utility-scale solar installations; and a cloud-based monitoring platform that collects and processes information from the power optimizers and inverters, as well as monitors and manages the solar PV system. It also provides residential, commercial, and large scale PV, energy storage and backup, electric vehicle charging, and home energy management solutions, as well as grid services; and e-Mobility, automation machines, lithium-ion cells and battery packs, and uninterrupted power supply solutions, as well as virtual power plants, which helps to manage the load on the grid and grid stability. In addition, the company offers pre-sales support, ongoing trainings, and technical support and after installation services. The company sells its products to the providers of solar PV systems; and solar installers and distributors, electrical equipment wholesalers, and PV module manufacturers, as well as engineering, procurement, and construction firms. SolarEdge Technologies, Inc. was founded in 2006 and is headquartered in Herzliya, Israel.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SEDG shares. StockNews.com raised SolarEdge Technologies to a "sell" rating in a report on Saturday, July 2nd. Barclays initiated coverage on SolarEdge Technologies in a research note on Friday, August 5th. They issued an "equal weight" rating and a $389.00 price objective on the stock. Guggenheim upped their price objective on SolarEdge Technologies from $348.00 to $389.00 in a research note on Wednesday, August 3rd. Piper Sandler dropped their price objective on SolarEdge Technologies from $400.00 to $385.00 in a research note on Thursday, April 21st. Finally, Oppenheimer increased their target price on SolarEdge Technologies from $334.00 to $400.00 in a research report on Wednesday, August 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, SolarEdge Technologies currently has an average rating of "Moderate Buy" and an average target price of $359.68.

SolarEdge Technologies Price Performance

Shares of SolarEdge Technologies stock traded down $16.35 during trading hours on Friday, reaching $300.87. The company's stock had a trading volume of 18,019 shares, compared to its average volume of 1,381,469. The stock has a market cap of $16.67 billion, a P/E ratio of 123.91, a P/E/G ratio of 2.51 and a beta of 1.15. SolarEdge Technologies has a one year low of $200.86 and a one year high of $389.71. The firm has a 50 day moving average price of $293.93 and a 200-day moving average price of $285.62. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.73 and a quick ratio of 2.96.

Insider Transactions at SolarEdge Technologies

In other SolarEdge Technologies news, insider Meir Adest sold 5,000 shares of the company's stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of $263.61, for a total transaction of $1,318,050.00. Following the transaction, the insider now owns 186,057 shares in the company, valued at approximately $49,046,485.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Rachel Prishkolnik sold 1,900 shares of the firm's stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $301.58, for a total value of $573,002.00. Following the transaction, the vice president now directly owns 12,581 shares of the company's stock, valued at $3,794,177.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Meir Adest sold 5,000 shares of SolarEdge Technologies stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $263.61, for a total transaction of $1,318,050.00. Following the transaction, the insider now directly owns 186,057 shares in the company, valued at $49,046,485.77. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,335 shares of company stock valued at $5,423,569. Company insiders own 1.17% of the company's stock.