SolarEdge Technologies - SEDG Stock Forecast, Price & News

SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. It operates through five segments: Solar, Energy Storage, e-Mobility, Critical Power, and Automation Machines. The company offers inverters, power optimizers, communication devices, and smart energy management solutions used in residential, commercial, and small utility-scale solar installations; and a cloud-based monitoring platform that collects and processes information from the power optimizers and inverters, as well as monitors and manages the solar PV system. It also provides residential, commercial, and large scale PV, energy storage and backup, electric vehicle charging, and home energy management solutions, as well as grid services; and e-Mobility, automation machines, lithium-ion cells and battery packs, and uninterrupted power supply solutions, as well as virtual power plants, which helps to manage the load on the grid and grid stability. In addition, the company offers pre-sales support, ongoing trainings, and technical support and after installation services. The company sells its products to the providers of solar PV systems; and solar installers and distributors, electrical equipment wholesalers, and PV module manufacturers, as well as engineering, procurement, and construction firms. SolarEdge Technologies, Inc. was founded in 2006 and is headquartered in Herzliya, Israel.

SolarEdge Technologies Stock Up 3.1 %

SEDG Stock traded up $9.52 during trading on Tuesday, reaching $312.63. The stock had a trading volume of 1,140,430 shares, compared to its average volume of 1,032,749. SolarEdge Technologies has a 1-year low of $200.86 and a 1-year high of $389.71. The company has a current ratio of 3.73, a quick ratio of 2.96 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $17.32 billion, a P/E ratio of 116.79, a PEG ratio of 2.46 and a beta of 1.15. The firm has a fifty day moving average price of $289.90 and a 200 day moving average price of $280.94.

Analysts Set New Price Targets

Several research analysts recently issued reports on SEDG shares. Stephens started coverage on SolarEdge Technologies in a research report on Wednesday, April 13th. They set an "overweight" rating and a $490.00 price objective for the company. Truist Financial started coverage on shares of SolarEdge Technologies in a research note on Monday, May 2nd. They issued a "buy" rating and a $340.00 target price for the company. TheStreet raised shares of SolarEdge Technologies from a "c" rating to a "b-" rating in a research note on Tuesday, August 2nd. Needham & Company LLC lowered their target price on shares of SolarEdge Technologies from $390.00 to $380.00 and set a "buy" rating for the company in a research note on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of SolarEdge Technologies from $373.00 to $419.00 and gave the stock an "overweight" rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $358.24.

Insiders Place Their Bets

In other SolarEdge Technologies news, insider Meir Adest sold 5,000 shares of the business's stock in a transaction on Monday, June 13th. The shares were sold at an average price of $263.61, for a total value of $1,318,050.00. Following the transaction, the insider now owns 186,057 shares in the company, valued at approximately $49,046,485.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Rachel Prishkolnik sold 1,900 shares of the company's stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $301.58, for a total value of $573,002.00. Following the sale, the vice president now owns 12,581 shares in the company, valued at approximately $3,794,177.98. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Meir Adest sold 5,000 shares of the company's stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $263.61, for a total transaction of $1,318,050.00. Following the completion of the sale, the insider now owns 186,057 shares in the company, valued at approximately $49,046,485.77. The disclosure for this sale can be found here. Insiders have sold 10,613 shares of company stock worth $3,007,896 in the last quarter. 1.17% of the stock is owned by corporate insiders.