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 Down 1.9 %

Shares of NASDAQ:SEDG opened at $324.18 on Tuesday. SolarEdge Technologies has a 1 year low of $200.86 and a 1 year high of $389.71. The firm has a market cap of $17.96 billion, a price-to-earnings ratio of 126.63, a PEG ratio of 2.72 and a beta of 1.15. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.96 and a current ratio of 3.73. The stock's 50-day simple moving average is $293.08 and its 200-day simple moving average is $284.71.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. BMO Capital Markets dropped their price objective on SolarEdge Technologies from $405.00 to $372.00 in a research note on Tuesday, May 3rd. Piper Sandler dropped their price objective on SolarEdge Technologies from $400.00 to $385.00 in a research note on Thursday, April 21st. Citigroup raised their price objective on SolarEdge Technologies from $255.00 to $300.00 and gave the company a "hold" rating in a research note on Tuesday, May 3rd. Guggenheim increased their target price on SolarEdge Technologies from $348.00 to $389.00 in a report on Wednesday, August 3rd. Finally, StockNews.com upgraded SolarEdge Technologies to a "sell" rating in a report on Saturday, July 2nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $358.24.

Insider Transactions at SolarEdge Technologies

In other news, insider Meir Adest sold 5,000 shares of SolarEdge Technologies stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $263.61, for a total transaction of $1,318,050.00. Following the sale, the insider now directly owns 186,057 shares of the company's stock, valued at $49,046,485.77. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Meir Adest sold 5,000 shares of SolarEdge Technologies stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $263.61, for a total transaction of $1,318,050.00. Following the sale, the insider now directly owns 186,057 shares of the company's stock, valued at $49,046,485.77. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Rachel Prishkolnik sold 1,900 shares of SolarEdge Technologies stock in a transaction dated Monday, June 27th. The stock was sold at an average price of $301.58, for a total value of $573,002.00. Following the sale, the vice president now directly owns 12,581 shares in the company, valued at $3,794,177.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,335 shares of company stock valued at $5,423,569. 1.17% of the stock is currently owned by insiders.