NASDAQ:SEDG - Solaredge Technologies Stock Price, Forecast & News

Solaredge Technologies trades on the NASDAQ under the ticker symbol "SEDG."

Solaredge Technologies Inc (NASDAQ:SEDG) announced its quarterly earnings data on Wednesday, February, 19th. The semiconductor company reported $1.65 EPS for the quarter, topping the Zacks' consensus estimate of $1.11 by $0.54. The semiconductor company earned $418.22 million during the quarter, compared to the consensus estimate of $413.80 million. Solaredge Technologies had a net margin of 8.39% and a return on equity of 15.89%. Solaredge Technologies's quarterly revenue was up 58.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.63 EPS. View Solaredge Technologies' Earnings History.

Solaredge Technologies is scheduled to release their next quarterly earnings announcement on Monday, May 4th 2020. View Earnings Estimates for Solaredge Technologies.

Solaredge Technologies issued an update on its first quarter 2020 After-Hours earnings guidance on Wednesday, February, 19th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $425-440 million, compared to the consensus revenue estimate of $389.26 million.

12 brokerages have issued 12 month price objectives for Solaredge Technologies' shares. Their forecasts range from $52.00 to $160.00. On average, they expect Solaredge Technologies' stock price to reach $122.92 in the next year. This suggests that the stock has a possible downside of 13.6%. View Analyst Price Targets for Solaredge Technologies.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Solaredge Technologies in the last year. There are currently 3 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Solaredge Technologies.

Press coverage about SEDG stock has trended negative recently, InfoTrie reports. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Solaredge Technologies earned a daily sentiment score of -2.9 on InfoTrie's scale. They also gave news articles 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 near term. View News Stories for Solaredge Technologies.

Solaredge Technologies saw a decline in short interest during the month of January. As of January 15th, there was short interest totalling 5,930,000 shares, a decline of 15.2% from the December 31st total of 6,990,000 shares. Based on an average daily trading volume, of 1,400,000 shares, the short-interest ratio is currently 4.2 days. Approximately 12.8% of the shares of the company are sold short. View Solaredge Technologies' Current Options Chain.

Some companies that are related to Solaredge Technologies include Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Marvell Technology Group (MRVL), Qorvo (QRVO), ASE Technology (ASX), Advantest (ATEYY), Semiconductor Manufacturing International (SMICY), ON Semiconductor (ON), Cypress Semiconductor (CY), Monolithic Power Systems (MPWR), IPG Photonics (IPGP), Mellanox Technologies (MLNX), United Microelectronics (UMC), First Solar (FSLR) and Cree (CREE).

Based on aggregate information from My MarketBeat watchlists, some companies that other Solaredge Technologies investors own include NVIDIA (NVDA), Alibaba Group (BABA), Micron Technology (MU), Walt Disney (DIS), Advanced Micro Devices (AMD), Enphase Energy (ENPH), Paypal (PYPL), Netflix (NFLX), salesforce.com (CRM) and Tesla (TSLA).

(SEDG) raised $119 million in an 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' stock is owned by a variety of of retail and institutional investors. Top institutional investors include FMR LLC (4.12%), Ion Asset Management Ltd. (3.30%), Migdal Insurance & Financial Holdings Ltd. (2.76%), Harel Insurance Investments & Financial Services Ltd. (2.55%), Psagot Investment House Ltd. (2.28%) and Menora Mivtachim Holdings LTD. (1.78%). 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 Renaissance Technologies LLC, Principal Financial Group Inc., Menora Mivtachim Holdings LTD., Penserra Capital Management LLC, Artisan Partners Limited Partnership, Public Sector Pension Investment Board, Cubist Systematic Strategies LLC and Noked Israel 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 for Solaredge Technologies.

SEDG stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Senvest Management LLC, Bank of America Corp DE, Goldman Sachs Group Inc., Clark Capital Management Group Inc., Ion Asset Management Ltd., Psagot Investment House Ltd. and Migdal Insurance & Financial Holdings Ltd.. View Insider Buying and Selling 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 $142.20.

Solaredge Technologies has a market capitalization of $6.91 billion and generates $937.24 million in revenue each year. The semiconductor company earns $128.83 million in net income (profit) each year or $2.69 on an earnings per share basis. Solaredge Technologies employs 1,737 workers across the globe.View Additional Information About Solaredge Technologies.

The official website for Solaredge Technologies is http://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]