Price Action To Observe: Solaredge Technologies Inc Just Reaches All-Time Low?

Price Action To Observe: Solaredge Technologies Inc Just Reaches All Time Low?

The stock of Solaredge Technologies Inc (NASDAQ:SEDG) reached all time low today, Nov, 10 and still has $11.00 target or 12.00% below today’s $12.50 share price. This indicates more downside for the $483.59 million company. This technical setup was reported by If the $11.00 PT is reached, the company will be worth $58.03 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 1.76 million shares traded hands or 89.56% up from the average. Solaredge Technologies Inc (NASDAQ:SEDG) has declined 44.11% since April 8, 2016 and is downtrending. It has underperformed by 49.76% 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. The firm earned “Outperform” rating on Thursday, September 3 by Cowen & Co. The rating was maintained by Deutsche Bank on Sunday, September 6 with “Buy”. The stock has “Outperform” rating given by FBR Capital on Friday, December 18. The stock has “Buy” rating given by TH Capital on Thursday, August 13. The stock of Solaredge Technologies Inc (NASDAQ:SEDG) earned “Sell” rating by Goldman Sachs on Friday, October 7. The stock of Solaredge Technologies Inc (NASDAQ:SEDG) has “Buy” rating given on Thursday, September 17 by Needham. TH Capital maintained the shares of SEDG in a report on Monday, November 2 with “Buy” rating. The firm has “Buy” rating given on Tuesday, May 10 by Needham. Barclays Capital maintained the stock with “Overweight” rating in Wednesday, August 10 report. The stock of Solaredge Technologies Inc (NASDAQ:SEDG) has “Overweight” rating given on Monday, April 4 by Barclays 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.”

More notable recent Solaredge Technologies Inc (NASDAQ:SEDG) news were published by: which released: “Solaredge Technologies Inc, SunPower Corporation Shares Move Lower On Earnings” on November 09, 2016, also with their article: “Can SolarEdge Technologies Inc. Break Into Energy Storage?” published on July 19, 2016, published: “The Biggest Problem With SolarEdge Technologies Inc. Stock” on April 01, 2016. More interesting news about Solaredge Technologies Inc (NASDAQ:SEDG) were released by: and their article: “Why SolarEdge Technologies Inc.’s Shares Fell 22% Today” published on May 10, 2016 as well as‘s news article titled: “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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