Notable Price Action: Is Solaredge Technologies Inc’s Fuel Running Low? The Stock Reaches 1 Year Low Today

Notable Price Action: Is Solaredge Technologies Inc's Fuel Running Low? The Stock Reaches 1 Year Low Today

The stock of Solaredge Technologies Inc (NASDAQ:SEDG) hit a new 52-week low and has $13.41 target or 5.00% below today’s $14.12 share price. The 7 months bearish chart indicates high risk for the $599.98 million company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $13.41 price target is reached, the company will be worth $30.00M 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 1.23M shares traded hands or 40.39% up from the average. Solaredge Technologies Inc (NASDAQ:SEDG) has declined 41.13% since April 7, 2016 and is downtrending. It has underperformed by 45.91% 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. SolarEdge Technologies has been the topic of 29 analyst reports since August 13, 2015 according to StockzIntelligence Inc. On Thursday, November 5 the stock rating was maintained by Needham with “Buy”. The firm earned “Overweight” rating on Wednesday, August 10 by Barclays Capital. Cowen & Co initiated the stock with “Outperform” rating in Thursday, September 3 report. On Tuesday, August 18 the stock rating was upgraded by Zacks to “Hold”. The rating was maintained by Deutsche Bank on Wednesday, August 10 with “Buy”. The stock of Solaredge Technologies Inc (NASDAQ:SEDG) has “Sell” rating given on Friday, October 7 by Goldman Sachs. TH Capital maintained it with “Buy” rating and $25 target price in Monday, November 2 report. The firm has “Buy” rating by Needham given on Thursday, September 17. The firm has “Outperform” rating given on Friday, December 18 by FBR Capital. The rating was initiated by JP Morgan on Tuesday, February 23 with “Overweight”.

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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