NASDAQ:SEDG - Solaredge Technologies Stock Price, Forecast & News

Solaredge Technologies trades on the NASDAQ under the ticker symbol "SEDG."

Solaredge Technologies Inc (NASDAQ:SEDG) released its quarterly earnings results on Wednesday, February, 19th. The semiconductor company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.11 by $0.54. The semiconductor company had revenue of $418.22 million for the quarter, compared to analyst estimates of $413.80 million. Solaredge Technologies had a net margin of 10.28% and a return on equity of 20.79%. The company's quarterly revenue was up 58.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.63 earnings per share. View Solaredge Technologies' Earnings History.

Solaredge Technologies is scheduled to release their next quarterly earnings announcement on Monday, May 4th 2020. View Earnings Estimates for Solaredge Technologies.

Solaredge Technologies issued an update on its first quarter 2020 After-Hours earnings guidance on Wednesday, February, 19th. The company provided 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.

12 equities research analysts have issued 1 year target prices for Solaredge Technologies' stock. Their forecasts range from $52.00 to $160.00. On average, they expect Solaredge Technologies' stock price to reach $125.00 in the next year. This suggests that the stock has a possible downside of 11.5%. View Analyst Price Targets for Solaredge Technologies.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Solaredge Technologies in the last year. There are currently 3 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Solaredge Technologies.

Headlines about SEDG stock have trended negative this week, according to InfoTrie. The research group identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Solaredge Technologies earned a media sentiment score of -2.3 on InfoTrie's scale. They also gave news headlines about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Solaredge Technologies.

Solaredge Technologies saw a decrease in short interest during the month of January. As of January 15th, there was short interest totalling 5,930,000 shares, a decrease of 15.2% from the December 31st total of 6,990,000 shares. Based on an average daily trading volume, of 1,400,000 shares, the days-to-cover ratio is currently 4.2 days. Approximately 12.8% of the company's stock are short sold. View Solaredge Technologies' Current Options Chain.

Some companies that are related to Solaredge Technologies include Kyocera (KYOCY), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Marvell Technology Group (MRVL), Qorvo (QRVO), ASE Technology (ASX), Semiconductor Manufacturing International (SMICY), Advantest (ATEYY), Cypress Semiconductor (CY), ON Semiconductor (ON), Monolithic Power Systems (MPWR), IPG Photonics (IPGP), Enphase Energy (ENPH) and Mellanox Technologies (MLNX).

Based on aggregate information from My MarketBeat watchlists, some companies that other Solaredge Technologies investors own include NVIDIA (NVDA), Alibaba Group (BABA), Micron Technology (MU), Walt Disney (DIS), Advanced Micro Devices (AMD), Paypal (PYPL), Enphase Energy (ENPH), salesforce.com (CRM), Netflix (NFLX) and Tesla (TSLA).

(SEDG) raised $119 million in an initial public offering (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' stock is owned by many different of institutional and retail investors. Top institutional investors include FMR LLC (4.12%), Ion Asset Management Ltd. (3.30%), Migdal Insurance & Financial Holdings Ltd. (2.76%), Harel Insurance Investments & Financial Services Ltd. (2.55%), Psagot Investment House Ltd. (2.28%) and Menora Mivtachim Holdings LTD. (1.78%). 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 sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Principal Financial Group Inc., Menora Mivtachim Holdings LTD., Penserra Capital Management LLC, Artisan Partners Limited Partnership, Public Sector Pension Investment Board, Cubist Systematic Strategies LLC and Noked Israel Ltd. Company insiders that have sold Solaredge Technologies company stock in the last year include Doron Inbar, Lior Handelsman, Meir Adest, More Avery, Rachel Prishkolnik, Ronen Faier, Yoav Galin and Zvi Lando. View Insider Buying and Selling for Solaredge Technologies.

SEDG stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Senvest Management LLC, Bank of America Corp DE, Goldman Sachs Group Inc., Clark Capital Management Group Inc., Ion Asset Management Ltd., Psagot Investment House Ltd. and Migdal Insurance & Financial Holdings Ltd.. View Insider Buying and Selling 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 $141.19.

Solaredge Technologies has a market capitalization of $6.86 billion and generates $1.43 billion in revenue each year. The semiconductor company earns $128.83 million in net income (profit) each year or $2.90 on an earnings per share basis. Solaredge Technologies employs 1,737 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]