NASDAQ:SEDGSolaredge Technologies Stock Price, Forecast & News

Solaredge Technologies' stock was trading at $106.11 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SEDG shares have increased by 32.6% and is now trading at $140.67. 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 quarterly earnings data on Wednesday, May, 6th. The semiconductor company reported $0.95 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.02 by $0.07. The semiconductor company earned $431.22 million during the quarter, compared to analyst estimates of $422.16 million. Solaredge Technologies had a return on equity of 21.94% and a net margin of 10.71%. The company's revenue was up 58.6% on a year-over-year basis. During the same period last year, the business 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 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 target prices for Solaredge Technologies' shares. Their forecasts range from $85.00 to $166.00. On average, they anticipate Solaredge Technologies' share price to reach $128.93 in the next year. This suggests that the stock has a possible downside of 8.3%. View analysts' price targets for Solaredge Technologies.

News headlines about SEDG stock have trended very negative recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Solaredge Technologies earned a news sentiment score of -3.3 on InfoTrie's scale. They also assigned media coverage about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company'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 Cree (CREE). 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 $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 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 $140.67.

Solaredge Technologies has a market capitalization of $6.98 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]