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.

Wall Street Analyst Weigh In

SEDG has been the subject of a number of recent research reports. TheStreet upgraded SolarEdge Technologies from a "c" rating to a "b-" rating in a report on Tuesday, August 2nd. Citigroup increased their price objective on shares of SolarEdge Technologies from $255.00 to $300.00 and gave the company a "hold" rating in a research report on Tuesday, May 3rd. Guggenheim upped their price objective on shares of SolarEdge Technologies from $348.00 to $389.00 in a report on Wednesday, August 3rd. StockNews.com raised shares of SolarEdge Technologies to a "sell" rating in a research note on Saturday, July 2nd. Finally, BMO Capital Markets lowered their target price on shares of SolarEdge Technologies from $405.00 to $372.00 in a research note on Tuesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, SolarEdge Technologies has a consensus rating of "Moderate Buy" and an average target price of $358.24.

SolarEdge Technologies Price Performance

Shares of SEDG opened at $330.52 on Monday. SolarEdge Technologies has a 52 week low of $200.86 and a 52 week high of $389.71. The company has a current ratio of 3.73, a quick ratio of 2.96 and a debt-to-equity ratio of 0.33. The firm has a market cap of $18.31 billion, a price-to-earnings ratio of 129.11, a PEG ratio of 2.72 and a beta of 1.15. The stock has a 50 day moving average of $292.74 and a 200-day moving average of $283.92.

Insider Buying and Selling

In other SolarEdge Technologies news, insider Meir Adest sold 5,000 shares of the business's stock in a transaction 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 completion of the sale, the insider now owns 186,057 shares in the company, valued at $49,046,485.77. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other SolarEdge Technologies news, insider Meir Adest sold 5,000 shares of the firm's stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $263.61, for a total value of $1,318,050.00. Following the transaction, the insider now owns 186,057 shares of the company's stock, valued at $49,046,485.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Rachel Prishkolnik sold 1,900 shares of the company's stock in a transaction that occurred on 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 disclosure for this sale can be found here. Insiders have sold 18,335 shares of company stock worth $5,423,569 over the last ninety days. 1.17% of the stock is owned by insiders.