Price Action Report: What Next for Solaredge Technologies Inc Stock After Today’s Big Increase?

Price Action Report: What Next for Solaredge Technologies Inc Stock After Today's Big Increase?

The stock of Solaredge Technologies Inc (NASDAQ:SEDG) is a huge mover today! About 470,066 shares traded hands. Solaredge Technologies Inc (NASDAQ:SEDG) has declined 45.66% since March 16, 2016 and is downtrending. It has underperformed by 51.20% the S&P500.
The move comes after 6 months positive chart setup for the $623.88M company. It was reported on Oct, 19 by Barchart.com. We have $25.37 PT which if reached, will make NASDAQ:SEDG worth $418.00M more.

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 $15.20M for 10.26 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 firm has “Hold” rating given on Tuesday, August 18 by Zacks. As per Friday, December 18, the company rating was initiated by FBR Capital. The firm earned “Buy” rating on Tuesday, May 10 by Needham. The company was maintained on Thursday, February 4 by FBR Capital. The firm earned “Buy” rating on Monday, November 2 by TH Capital. The firm has “Buy” rating by Deutsche Bank given on Wednesday, August 10. The stock of Solaredge Technologies Inc (NASDAQ:SEDG) has “Perform” rating given on Wednesday, September 9 by Oppenheimer. As per Tuesday, September 1, the company rating was maintained by Roth Capital. The stock of Solaredge Technologies Inc (NASDAQ:SEDG) earned “Neutral” rating by Goldman Sachs on Tuesday, May 10. The stock has “Buy” rating given by Needham on Thursday, November 5.

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: “The Biggest Problem With SolarEdge Technologies Inc. Stock”, Fool.com published: “Why SolarEdge Technologies Inc.’s Shares Fell 22% Today” on May 10, 2016. More interesting news about Solaredge Technologies Inc (NASDAQ:SEDG) was released by: Valuewalk.com and their article: “Solaredge Technologies Inc Rises Before Earnings” with publication date: August 08, 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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