In today’s session Solaredge Technologies Inc (SEDG) recorded an unusually high (5,009) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious SEDG decrease. With 5,009 contracts traded and 71454 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: SEDG161118P00015000 closed last at: $1.8 or 21.7% down. About 243,122 shares traded hands. Solaredge Technologies Inc (NASDAQ:SEDG) has declined 44.78% since April 4, 2016 and is downtrending. It has underperformed by 45.87% the S&P500.
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. $45 is the highest target while $10 is the lowest. The $27.86 average target is 103.80% above today’s ($13.67) stock price. SolarEdge Technologies has been the topic of 29 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Goldman Sachs on Tuesday, May 10. TH Capital maintained the shares of SEDG in a report on Monday, November 2 with “Buy” rating. The firm earned “Buy” rating on Sunday, September 6 by Deutsche Bank. Needham maintained Solaredge Technologies Inc (NASDAQ:SEDG) on Tuesday, May 10 with “Buy” rating. The stock of Solaredge Technologies Inc (NASDAQ:SEDG) earned “Hold” rating by Zacks on Tuesday, August 18. The rating was maintained by Needham on Thursday, August 13 with “Buy”. Needham maintained the shares of SEDG in a report on Thursday, February 4 with “Buy” rating. JP Morgan initiated the shares of SEDG in a report on Tuesday, February 23 with “Overweight” rating. The company was maintained on Wednesday, August 10 by Deutsche Bank. The firm has “Outperform” rating given on Friday, December 18 by FBR Capital.
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.”
SolarEdge Technologies, Inc. offers an inverter solution for a solar photovoltaic system. The company has a market cap of $573.36 million. The Company’s products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. It has a 7.91 P/E ratio. The Company’s product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management.
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.
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: “SolarCity Corp Beats Estimates, SolarEdge Technologies Inc, Misses On Sales” with publication date: August 09, 2016.
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