SolarEdge Technologies - SEDG Stock Forecast, Price & News

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SolarEdge Technologies in the last twelve months. There are currently 7 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SEDG shares.
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19 analysts have issued 12 month price objectives for SolarEdge Technologies' shares. Their SEDG share price forecasts range from $300.00 to $490.00. On average, they predict the company's stock price to reach $371.05 in the next year. This suggests a possible upside of 27.1% from the stock's current price.
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SolarEdge Technologies' stock was trading at $283.27 on January 1st, 2023. Since then, SEDG shares have increased by 3.1% and is now trading at $291.94.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
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SolarEdge Technologies, Inc. (NASDAQ:SEDG) announced its earnings results on Monday, February, 13th. The semiconductor company reported $2.86 EPS for the quarter, beating analysts' consensus estimates of $1.58 by $1.28. The semiconductor company had revenue of $890.70 million for the quarter, compared to analyst estimates of $879.06 million. SolarEdge Technologies had a trailing twelve-month return on equity of 10.04% and a net margin of 3.02%. The business's revenue for the quarter was up 61.4% compared to the same quarter last year. During the same period last year, the firm earned $0.60 earnings per share.

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

SolarEdge Technologies updated its first quarter 2023 earnings guidance on Tuesday, February, 14th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $915.00 million-$945.00 million, compared to the consensus revenue estimate of $918.50 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 initial public offering (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 a number of institutional and retail investors. Top institutional shareholders include Geode Capital Management LLC (1.72%), Senvest Management LLC (1.36%), Harel Insurance Investments & Financial Services Ltd. (1.24%), William Blair Investment Management LLC (1.18%), Clearbridge Investments LLC (1.12%) and Susquehanna International Group LLP (0.00%). 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 $291.94.

SolarEdge Technologies (NASDAQ:SEDG) has a market capitalization of $16.39 billion and generates $3.11 billion in revenue each year. The semiconductor company earns $93.78 million in net income (profit) each year or $1.65 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.