The stock of Solaredge Technologies Inc (NASDAQ:SEDG) is a huge mover today! About 402,536 shares traded hands. Solaredge Technologies Inc (NASDAQ:SEDG) has declined 44.62% since April 5, 2016 and is downtrending. It has underperformed by 46.58% the S&P500.
The move comes after 9 months positive chart setup for the $635.97M company. It was reported on Nov, 8 by Barchart.com. We have $24.22 PT which if reached, will make NASDAQ:SEDG worth $394.30 million more.
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 rating was initiated by FBR Capital with “Outperform” on Friday, December 18. The company was initiated on Thursday, September 3 by Cowen & Co. The stock of Solaredge Technologies Inc (NASDAQ:SEDG) earned “Market Outperform” rating by Avondale on Friday, August 14. Deutsche Bank maintained the shares of SEDG in a report on Wednesday, August 10 with “Buy” rating. The firm has “Buy” rating by Deutsche Bank given on Sunday, September 6. The rating was maintained by Needham on Thursday, September 17 with “Buy”. The stock has “Buy” rating given by Needham on Thursday, February 4. The firm has “Buy” rating given on Thursday, November 5 by Needham. The stock has “Neutral” rating given by Goldman Sachs on Tuesday, May 10. Roth Capital maintained Solaredge Technologies Inc (NASDAQ:SEDG) on Monday, November 2 with “Buy” rating.
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: “SolarCity Corp Beats Estimates, SolarEdge Technologies Inc, Misses On Sales” with publication date: August 09, 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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