SolarEdge Technologies, Inc. (NASDAQ:SEDG – Get Rating) has been given an average rating of “Moderate Buy” by the twenty-six brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $350.87.
SEDG has been the subject of a number of recent analyst reports. B. Riley decreased their target price on SolarEdge Technologies from $377.00 to $370.00 in a research report on Tuesday, November 8th. TheStreet cut SolarEdge Technologies from a “b-” rating to a “c+” rating in a research report on Wednesday, September 28th. Wells Fargo & Company upped their target price on SolarEdge Technologies from $283.00 to $306.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 9th. Oppenheimer decreased their target price on SolarEdge Technologies from $400.00 to $379.00 in a research report on Tuesday, November 8th. Finally, Guggenheim upped their target price on SolarEdge Technologies from $348.00 to $389.00 in a research report on Wednesday, August 3rd.
SolarEdge Technologies Trading Down 0.9 %
Shares of NASDAQ SEDG opened at $306.25 on Friday. The stock has a market cap of $17.12 billion, a price-to-earnings ratio of 150.86, a PEG ratio of 3.17 and a beta of 1.22. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.72 and a current ratio of 3.53. The business has a 50 day simple moving average of $246.13 and a 200 day simple moving average of $271.82. SolarEdge Technologies has a 52 week low of $190.15 and a 52 week high of $375.90.
Insiders Place Their Bets
Institutional Trading of SolarEdge Technologies
Large investors have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC grew its holdings in shares of SolarEdge Technologies by 79.2% during the second quarter. Steward Partners Investment Advisory LLC now owns 95 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 42 shares during the last quarter. Elequin Capital LP bought a new stake in shares of SolarEdge Technologies during the first quarter worth $32,000. AllSquare Wealth Management LLC bought a new stake in shares of SolarEdge Technologies during the second quarter worth $27,000. First Horizon Advisors Inc. grew its holdings in shares of SolarEdge Technologies by 274.1% during the first quarter. First Horizon Advisors Inc. now owns 101 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 74 shares during the last quarter. Finally, Clear Street Markets LLC grew its holdings in shares of SolarEdge Technologies by 431.8% during the second quarter. Clear Street Markets LLC now owns 117 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 95 shares during the last quarter. Institutional investors own 81.86% of the company’s stock.
About SolarEdge Technologies
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.
- Get a free copy of the StockNews.com research report on SolarEdge Technologies (SEDG)
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