NASDAQ:SEDGSolaredge Technologies Stock Price, Forecast & News

Solaredge Technologies' stock was trading at $106.11 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SEDG shares have decreased by 12.3% and is now trading at $93.07. View which stocks have been most impacted by Coronavirus.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Solaredge Technologies in the last year. There are currently 6 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Solaredge Technologies.

Solaredge Technologies is scheduled to release its next quarterly earnings announcement on Monday, May 4th 2020. View our earnings forecast for Solaredge Technologies.

Solaredge Technologies Inc (NASDAQ:SEDG) released its earnings results on Wednesday, February, 19th. The semiconductor company reported $1.65 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.11 by $0.54. The semiconductor company had revenue of $418.22 million for the quarter, compared to the consensus estimate of $413.80 million. Solaredge Technologies had a return on equity of 20.03% and a net margin of 10.28%. The company's revenue was up 58.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.63 EPS. View Solaredge Technologies' earnings history.

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.

13 brokerages have issued 12 month target prices for Solaredge Technologies' shares. Their forecasts range from $52.00 to $160.00. On average, they expect Solaredge Technologies' stock price to reach $117.31 in the next year. This suggests a possible upside of 26.0% from the stock's current price. View analysts' price targets for Solaredge Technologies.

News stories about SEDG stock have trended very negative this week, according to InfoTrie. The research group rates the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Solaredge Technologies earned a coverage optimism score of -3.3 on InfoTrie's scale. They also gave 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 company's share price in the next several days. View the latest news aboutSolaredge Technologies.

Solaredge Technologies saw a decrease in short interest in March. As of March 13th, there was short interest totaling 5,902,100 shares, a decrease of 7.5% from the February 27th total of 6,380,000 shares. Based on an average daily volume of 1,339,600 shares, the days-to-cover ratio is currently 4.4 days. Approximately 12.6% of the shares of the stock are sold short. View Solaredge Technologies' Current Options Chain.

Some companies that are related to Solaredge Technologies include Marvell Technology Group (MRVL), Microchip Technology (MCHP), Maxim Integrated Products (MXIM), Skyworks Solutions (SWKS), ASE Technology (ASX), Cypress Semiconductor (CY), Qorvo (QRVO), Semiconductor Manufacturing International (SMICY), Monolithic Power Systems (MPWR), Advantest (ATEYY), Mellanox Technologies (MLNX), IPG Photonics (IPGP), United Microelectronics (UMC), ON Semiconductor (ON) and Inphi (IPHI).

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), salesforce.com (CRM), Enphase Energy (ENPH), Paypal (PYPL), Tesla (TSLA) and Netflix (NFLX).

(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.

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 State of Alaska Department of Revenue (0.02%). 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 acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. View insider buying and selling activity 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 $93.07.

Solaredge Technologies has a market capitalization of $4.58 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 2,431 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]