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.

SolarEdge Technologies Stock Up 3.6 %

Shares of SolarEdge Technologies stock opened at $330.52 on Friday. The firm has a market cap of $18.31 billion, a price-to-earnings ratio of 129.11, a P/E/G ratio of 2.63 and a beta of 1.15. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.73 and a quick ratio of 2.96. SolarEdge Technologies has a 52-week low of $200.86 and a 52-week high of $389.71. The stock has a 50-day simple moving average of $292.74 and a 200-day simple moving average of $282.92.

Analyst Ratings Changes

SEDG has been the topic of a number of research analyst reports. StockNews.com raised SolarEdge Technologies to a "sell" rating in a report on Saturday, July 2nd. TheStreet raised SolarEdge Technologies from a "c" rating to a "b-" rating in a research note on Tuesday, August 2nd. Barclays began coverage on SolarEdge Technologies in a research note on Friday, August 5th. They issued an "equal weight" rating and a $389.00 price target on the stock. BMO Capital Markets dropped their price target on SolarEdge Technologies from $405.00 to $372.00 in a research note on Tuesday, May 3rd. Finally, Citigroup lifted their price target on SolarEdge Technologies from $255.00 to $300.00 and gave the stock a "hold" rating in a research note on Tuesday, May 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seventeen have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $358.24.

Insider Activity

In related news, insider Meir Adest sold 5,000 shares of the business's stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $263.61, for a total value of $1,318,050.00. Following the completion of the sale, the insider now directly owns 186,057 shares in the company, valued at approximately $49,046,485.77. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, VP Rachel Prishkolnik sold 1,900 shares of the business's stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of $301.58, for a total value of $573,002.00. Following the completion of the sale, the vice president now directly owns 12,581 shares in the company, valued at approximately $3,794,177.98. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Meir Adest sold 5,000 shares of the business's stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $263.61, for a total value of $1,318,050.00. Following the completion of the sale, the insider now owns 186,057 shares of the company's stock, valued at $49,046,485.77. The disclosure for this sale can be found here. Insiders sold a total of 18,335 shares of company stock worth $5,423,569 in the last three months. 1.17% of the stock is owned by insiders.