SolarEdge Technologies (SEDG) Stock Forecast, Price & News

19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SolarEdge Technologies in the last twelve months. There are currently 5 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SEDG shares.
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19 equities research analysts have issued 1 year target prices for SolarEdge Technologies' shares. Their SEDG share price forecasts range from $325.00 to $418.00. On average, they expect the company's stock price to reach $374.26 in the next twelve months. This suggests a possible upside of 28.6% from the stock's current price.
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SolarEdge Technologies' stock was trading at $283.27 at the beginning of the year. Since then, SEDG stock has increased by 2.8% and is now trading at $291.06.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our SEDG earnings forecast.

SolarEdge Technologies, Inc. (NASDAQ:SEDG) announced its quarterly earnings data on Wednesday, May, 3rd. The semiconductor company reported $2.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.51 by $0.85. The semiconductor company had revenue of $943.89 million for the quarter, compared to analysts' expectations of $929.37 million. SolarEdge Technologies had a trailing twelve-month return on equity of 14.49% and a net margin of 5.86%.

ETFs with the largest weight of SolarEdge Technologies (NASDAQ:SEDG) stock in their portfolio include Invesco Solar ETF (TAN), VanEck Israel ETF (ISRA), iShares Global Clean Energy ETF (ICLN), Virtus Duff & Phelps Clean Energy ETF (VCLN), BlueStar Israel Technology ETF (ITEQ), Global X Clean Tech ETF (CTEC), Global X Solar ETF (RAYS) and Subversive Decarbonization ETF (DKRB).

SolarEdge Technologies updated its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $970.00M-$1.01 billion, compared to the consensus revenue estimate of $986.37 million.

15 employees have rated SolarEdge Technologies Chief Executive Officer Zvi Lando on Glassdoor.com. Zvi Lando has an approval rating of 89% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other SolarEdge Technologies investors own include NVIDIA (NVDA), Alibaba Group (BABA), Tesla (TSLA), PayPal (PYPL), Salesforce (CRM), Advanced Micro Devices (AMD), Walt Disney (DIS), Block (SQ), Enphase Energy (ENPH) 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 a number of retail and institutional investors. Top institutional investors include Pictet Asset Management SA (2.19%), Geode Capital Management LLC (1.73%), Baillie Gifford & Co. (1.65%), Susquehanna International Group LLP (0.00%), Harel Insurance Investments & Financial Services Ltd. (1.25%) and Clearbridge Investments LLC (1.20%). Insiders that own company stock include Doron Inbar, Lior Handelsman, Marcel Gani, Marcus Boehm, Meir Adest, More Avery, Rachel Prishkolnik, Ronen Faier, Tal Payne, Uri Bechor, Yoav Galin and Zvi Lando.
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Shares of SEDG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SEDG stock can currently be purchased for approximately $291.06.

SolarEdge Technologies (NASDAQ:SEDG) has a market capitalization of $16.40 billion and generates $3.40 billion in revenue each year. The semiconductor company earns $93.78 million in net income (profit) each year or $3.40 on an earnings per share basis.

The company employs 4,926 workers across the globe.

SolarEdge Technologies' mailing address is 1 HAMADA STREET POB 12001, HERZILIYA PITUACH L3, 4673335. The official website for the company is www.solaredge.com. The semiconductor company can be reached via phone at (729) 957-6620, via email at investors@solaredge.com, or via fax at 972-9957-6591.