Stock Worth Watching: Solaredge Technologies Inc on Focus After Trading At 52-Week Lows

Stock Worth Watching: Solaredge Technologies Inc on Focus After Trading At 52 Week Lows

The stock of Solaredge Technologies Inc (NASDAQ:SEDG) hit a new 52-week low and has $13.15 target or 8.00% below today’s $14.29 share price. The 7 months bearish chart indicates high risk for the $565.34 million company. The 1-year low was reported on Oct, 17 by Barchart.com. If the $13.15 price target is reached, the company will be worth $45.23 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 529,492 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 EPS, up 15.63% or $0.05 from last year’s $0.32 per share. SEDG’s profit will be $14.64M for 9.66 P/E if the $0.37 EPS becomes a reality. After $0.39 actual EPS 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. The company was maintained on Tuesday, September 1 by Roth Capital. The firm earned “Buy” rating on Tuesday, May 10 by Needham. Needham maintained the stock with “Buy” rating in Thursday, February 4 report. The rating was maintained by TH Capital on Monday, November 2 with “Buy”. The stock of Solaredge Technologies Inc (NASDAQ:SEDG) has “Buy” rating given on Monday, November 2 by Roth Capital. Needham maintained the stock with “Buy” rating in Thursday, November 5 report. The stock of Solaredge Technologies Inc (NASDAQ:SEDG) earned “Overweight” rating by JP Morgan on Tuesday, February 23. 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 FBR Capital on Thursday, February 4. Barclays Capital maintained Solaredge Technologies Inc (NASDAQ:SEDG) rating on Wednesday, August 10. Barclays Capital has “Overweight” rating and $22 price target.

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: Fool.com which released: “Can SolarEdge Technologies Inc. Break Into Energy Storage?” on July 19, 2016, also Fool.com published article titled: “Why SolarEdge Technologies Inc.’s Shares Fell 22% Today”, Valuewalk.com published: “Solaredge Technologies Inc Rises Before Earnings” on August 08, 2016. More interesting news about Solaredge Technologies Inc (NASDAQ:SEDG) was released by: Fool.com 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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