NASDAQ:SEDGSolaredge Technologies Stock Price, Forecast & 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. Since then, SEDG shares have increased by 45.8% and is now trading at $154.68. 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) announced its earnings results on Wednesday, May, 6th. The semiconductor company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by $0.07. The semiconductor company had revenue of $431.22 million for the quarter, compared to the consensus estimate of $422.16 million. Solaredge Technologies had a return on equity of 21.94% and a net margin of 10.71%. The firm's revenue for the quarter was up 58.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 earnings per share. View Solaredge Technologies' earnings history.

Solaredge Technologies issued an update on its second quarter 2020 After-Hours earnings guidance on Wednesday, May, 6th. The company provided earnings per share (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 brokers have issued 12-month target prices for Solaredge Technologies' shares. Their forecasts range from $85.00 to $166.00. On average, they anticipate Solaredge Technologies' stock price to reach $128.93 in the next year. This suggests that the stock has a possible downside of 16.6%. View analysts' price targets for Solaredge Technologies.

Media coverage about SEDG stock has trended very negative this week, InfoTrie reports. InfoTrie rates the sentiment of news 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 closest to five being the most favorable. Solaredge Technologies earned a daily sentiment score of -3.6 on InfoTrie's scale. They also assigned media stories 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 several days. View the latest news about Solaredge Technologies.

Some companies that are related to Solaredge Technologies include Semiconductor Manufacturing International (SMICY), Marvell Technology Group (MRVL), STMicroelectronics (STM), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Kyocera (KYOCY), Maxim Integrated Products (MXIM), Qorvo (QRVO), Advantest (ATEYY), Monolithic Power Systems (MPWR), ASE Technology (ASX), IPG Photonics (IPGP), ON Semiconductor (ON) and Enphase Energy (ENPH). 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 (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 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 a number of retail and institutional investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.03%), Louisiana State Employees Retirement System (0.02%), Ayalon Holdings Ltd. (0.02%), Symphony Financial Ltd. Co. (0.01%) and Spirit of America Management Corp NY (0.00%). 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 Ayalon Holdings 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 activity for Solaredge Technologies.

SEDG stock was purchased by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., Symphony Financial Ltd. Co., Louisiana State Employees Retirement System, and Spirit of America Management Corp NY. 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 $154.68.

Solaredge Technologies has a market capitalization of $7.68 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]