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 (WHO). Since then, SEDG stock has increased by 34.9% and is now trading at $143.11. View which stocks have been most impacted by Coronavirus.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Solaredge Technologies in the last year. There are currently 1 sell rating, 7 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Solaredge Technologies.

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

Solaredge Technologies Inc (NASDAQ:SEDG) issued its earnings results on Wednesday, May, 6th. The semiconductor company reported $0.95 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.02 by $0.07. The semiconductor company earned $431.22 million during the quarter, compared to the consensus estimate of $422.16 million. Solaredge Technologies had a net margin of 10.71% and a return on equity of 21.94%. The firm's revenue for the quarter was up 58.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.64 EPS. View Solaredge Technologies' earnings history.

Solaredge Technologies updated its second quarter 2020 After-Hours earnings guidance on Wednesday, May, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $305-335 million, compared to the consensus revenue estimate of $348.25 million.

14 analysts have issued twelve-month price targets for Solaredge Technologies' shares. Their forecasts range from $85.00 to $166.00. On average, they expect Solaredge Technologies' share price to reach $128.93 in the next twelve months. This suggests that the stock has a possible downside of 9.9%. View analysts' price targets for Solaredge Technologies.

Press coverage about SEDG stock has trended somewhat negative recently, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Solaredge Technologies earned a media sentiment score of -1.3 on InfoTrie's scale. They also gave media 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 effect on the stock's share price in the next several days. View the latest news about Solaredge Technologies.

Some companies that are related to Solaredge Technologies include Microchip Technology (MCHP), STMicroelectronics (STM), Marvell Technology Group (MRVL), Xilinx (XLNX), Skyworks Solutions (SWKS), Kyocera (KYOCY), Semiconductor Manufacturing International (SMICY), Maxim Integrated Products (MXIM), Qorvo (QRVO), Advantest (ATEYY), Monolithic Power Systems (MPWR), ASE Technology (ASX), IPG Photonics (IPGP), ON Semiconductor (ON) and United Microelectronics (UMC). View all competitors.

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), Advanced Micro Devices (AMD), salesforce.com (CRM), Paypal (PYPL), Micron Technology (MU), Enphase Energy (ENPH), Tesla (TSLA) and Netflix (NFLX).

(SEDG) raised $119 million in an initial public offering on Thursday, March 26th 2015. The company issued 7,000,000 shares at a price of $16.00-$18.00 per share. Goldman Sachs and Deutsche Bank Securities acted 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."

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 $143.11.

Solaredge Technologies has a market capitalization of $7.10 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.

The official website for Solaredge Technologies is 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]