Market Runner: Could Solaredge Technologies Inc Change Direction After Touching All-Time Low?


Market Runner: Could Solaredge Technologies Inc Change Direction After Touching All Time Low?

The stock of Solaredge Technologies Inc (NASDAQ:SEDG) reached all time low today, Oct, 17 and still has $13.45 target or 5.00% below today’s $14.16 share price. This indicates more downside for the $560.19M company. This technical setup was reported by If the $13.45 PT is reached, the company will be worth $28.01M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 861,136 shares traded hands. Solaredge Technologies Inc (NASDAQ:SEDG) has declined 44.98% since March 14, 2016 and is downtrending. It has underperformed by 50.59% the S&P500.

Analysts await Solaredge Technologies Inc (NASDAQ:SEDG) to report earnings on November, 2. They expect $0.37 earnings per share, up 15.63% or $0.05 from last year’s $0.32 per share. SEDG’s profit will be $14.64M for 9.58 P/E if the $0.37 EPS becomes a reality. After $0.39 actual earnings per share reported by Solaredge Technologies Inc for the previous quarter, Wall Street now forecasts -5.13% negative EPS growth.

Solaredge Technologies Inc (NASDAQ:SEDG) Ratings Coverage

Out of 13 analysts covering SolarEdge Technologies (NASDAQ:SEDG), 10 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 77% are positive. SolarEdge Technologies has been the topic of 29 analyst reports since August 13, 2015 according to StockzIntelligence Inc. Roth Capital maintained Solaredge Technologies Inc (NASDAQ:SEDG) rating on Monday, November 2. Roth Capital has “Buy” rating and $25 price target. TH Capital maintained it with “Buy” rating and $40 target price in Thursday, August 13 report. Deutsche Bank maintained the shares of SEDG in a report on Sunday, September 6 with “Buy” rating. As per Thursday, February 4, the company rating was maintained by FBR Capital. Needham maintained Solaredge Technologies Inc (NASDAQ:SEDG) rating on Tuesday, May 10. Needham has “Buy” rating and $36 price target. As per Tuesday, February 23, the company rating was initiated by JP Morgan. The rating was maintained by Barclays Capital on Wednesday, August 10 with “Overweight”. The stock of Solaredge Technologies Inc (NASDAQ:SEDG) has “Buy” rating given on Wednesday, August 10 by Deutsche Bank. The stock of Solaredge Technologies Inc (NASDAQ:SEDG) earned “Outperform” rating by Cowen & Co on Thursday, September 3. The firm has “Buy” rating given on Thursday, August 13 by Needham.

According to Zacks Investment Research, “SolarEdge Technologies, Inc. provides inverter solution. The company’s SolarEdge system offers power optimizers, inverters and a cloud-based monitoring platform. It serves residential solar installations to commercial and small utility-scale solar installations. SolarEdge Technologies, Inc. is headquartered in Hod Hasharon, Israel.”

More important recent Solaredge Technologies Inc (NASDAQ:SEDG) news were published by: which released: “Can SolarEdge Technologies Inc. Break Into Energy Storage?” on July 19, 2016, also published article titled: “Why SolarEdge Technologies Inc.’s Shares Fell 22% Today”, published: “Solaredge Technologies Inc Rises Before Earnings” on August 08, 2016. More interesting news about Solaredge Technologies Inc (NASDAQ:SEDG) was released by: and their article: “The Biggest Problem With SolarEdge Technologies Inc. Stock” with publication date: April 01, 2016.

SEDG Company Profile

SolarEdge Technologies, Inc., incorporated on August 7, 2006, offers an inverter solution for a solar photovoltaic (PV) system. The Company’s products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. The Company’s product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management. The Company’s power optimizers provide module-level maximum power point (MPP) tracking and real-time adjustments of current and voltage to the optimal working point of each individual PV module. This enables each PV module to continuously produce its maximum power potential independent of other modules in the same string, thus minimizing module mismatch and partial shading losses. By performing these adjustments at a high rate, its power optimizers also solve the dynamic MPP losses associated with traditional inverters. The Company’s solution consists of a direct current (DC) power optimizer, an inverter and a cloud monitoring platform that operates as a single integrated system.

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