Solaredge Technologies Stock Forecast, Price & News

Solaredge Technologies' stock was trading at $106.11 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SEDG shares have increased by 89.4% and is now trading at $200.96.
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16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Solaredge Technologies in the last year. There are currently 1 sell rating, 8 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Solaredge Technologies is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
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Solaredge Technologies Inc (NASDAQ:SEDG) announced its quarterly earnings data on Monday, August, 3rd. The semiconductor company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.26. The semiconductor company earned $331.90 million during the quarter, compared to analysts' expectations of $319.55 million. Solaredge Technologies had a return on equity of 20.76% and a net margin of 10.89%. The company's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $0.94 EPS.
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Solaredge Technologies updated its third quarter 2020 After-Hours earnings guidance on Monday, August, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $325-350 million, compared to the consensus revenue estimate of $330.76 million.

16 analysts have issued 1 year price targets for Solaredge Technologies' stock. Their forecasts range from $85.00 to $254.00. On average, they expect Solaredge Technologies' share price to reach $155.00 in the next year. This suggests that the stock has a possible downside of 22.9%.
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Solaredge Technologies saw a decrease in short interest during the month of September. As of September 15th, there was short interest totaling 3,300,000 shares, a decrease of 15.8% from the August 31st total of 3,920,000 shares. Based on an average daily trading volume, of 1,110,000 shares, the short-interest ratio is currently 3.0 days.
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Some companies that are related to Solaredge Technologies include Infineon Technologies (IFNNY), NXP Semiconductors (NXPI), STMicroelectronics (STM), Marvell Technology Group (MRVL), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Kyocera (KYOCY), Maxim Integrated Products (MXIM), Qorvo (QRVO), Semiconductor Manufacturing International (SMICY), Monolithic Power Systems (MPWR), United Microelectronics (UMC), Advantest (ATEYY) and Enphase Energy (ENPH).
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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), Walt Disney (DIS), salesforce.com (CRM), Advanced Micro Devices (AMD), Enphase Energy (ENPH), Square (SQ) and Netflix (NFLX).

(SEDG) raised $119 million in an IPO 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."

Solaredge Technologies' stock is owned by many different retail and institutional investors. Top institutional investors include FMR LLC (7.56%), William Blair Investment Management LLC (2.79%), NN Investment Partners Holdings N.V. (2.78%), NN Investment Partners Holdings N.V. (2.69%), Vanguard Group Inc. (2.38%) and Harel Insurance Investments & Financial Services Ltd. (1.95%). 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 Psagot Investment House Ltd., NN Investment Partners Holdings N.V., Bank of America Corp DE, NN Investment Partners Holdings N.V., Harel Insurance Investments & Financial Services Ltd., Grantham Mayo Van Otterloo & Co. LLC, AQR Capital Management LLC, and Zurcher Kantonalbank Zurich Cantonalbank. 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 activity for Solaredge Technologies.

SEDG stock was purchased by a variety of institutional investors in the last quarter, including Sylebra Capital Ltd, Goldman Sachs Group Inc., Vanguard Group Inc., Sumitomo Mitsui Trust Holdings Inc., Bank of New York Mellon Corp, Nuveen Asset Management LLC, Handelsbanken Fonder AB, and California State Teachers Retirement System.
View insider buying and selling activity 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 $200.96.

Solaredge Technologies has a market capitalization of $10.07 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]