3 days Ago By Defense World Staff
SolarEdge Technologies ( NASDAQ:SEDG – Free Report ) had its price target lowered by Barclays from $17.00 to $7.00 in a research note released on Friday, Benzinga reports.
The firm currently has an underperform rating on the semiconductor company’s stock. Several other research analysts also recently weighed in on the company. BMO Capital Markets cut their price target on SolarEdge Technologies from $21.
00 to $12.00 and set a “market perform” rating for the company in a research note on Thursday, November 7th. Roth Mkm dropped their price objective on SolarEdge Technologies from $20.
00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Mizuho cut SolarEdge Technologies from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $35.
00 to $11.00 in a report on Thursday, November 7th. William Blair assumed coverage on SolarEdge Technologies in a report on Thursday, August 29th.
They set a “market perform” rating on the stock. Finally, Glj Research cut SolarEdge Technologies from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, October 8th. Ten research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and two have issued a buy rating to the company.
Based on data from MarketBeat.com, SolarEdge Technologies currently has an average rating of “Hold” and a consensus target price of $22.79.
Check Out Our Latest Analysis on SEDG SolarEdge Technologies Stock Up 2.0 % SolarEdge Technologies ( NASDAQ:SEDG – Get Free Report ) last posted its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported ($15.
33) earnings per share for the quarter, missing the consensus estimate of ($1.55) by ($13.78).
The firm had revenue of $260.90 million for the quarter, compared to the consensus estimate of $272.80 million.
SolarEdge Technologies had a negative return on equity of 65.79% and a negative net margin of 158.19%.
The firm’s revenue was down 64.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.
03) EPS. As a group, equities research analysts predict that SolarEdge Technologies will post -17.69 earnings per share for the current year.
Insider Buying and Selling In related news, Chairman More Avery purchased 156,000 shares of SolarEdge Technologies stock in a transaction that occurred on Monday, November 11th. The shares were acquired at an average cost of $13.65 per share, for a total transaction of $2,129,400.
00. Following the transaction, the chairman now directly owns 244,478 shares in the company, valued at $3,337,124.70.
The trade was a 176.32 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website .
0.67% of the stock is owned by corporate insiders. Hedge Funds Weigh In On SolarEdge Technologies Several institutional investors and hedge funds have recently bought and sold shares of the stock.
Yelin Lapidot Holdings Management Ltd. grew its position in SolarEdge Technologies by 5.1% during the 2nd quarter.
Yelin Lapidot Holdings Management Ltd. now owns 11,654 shares of the semiconductor company’s stock worth $294,000 after acquiring an additional 564 shares during the last quarter. Swiss National Bank grew its position in shares of SolarEdge Technologies by 0.
5% in the 1st quarter. Swiss National Bank now owns 112,100 shares of the semiconductor company’s stock worth $7,957,000 after buying an additional 600 shares during the last quarter. Louisiana State Employees Retirement System grew its position in shares of SolarEdge Technologies by 2.
5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 28,800 shares of the semiconductor company’s stock worth $727,000 after buying an additional 700 shares during the last quarter. Bank Hapoalim BM grew its position in shares of SolarEdge Technologies by 2.
5% in the 3rd quarter. Bank Hapoalim BM now owns 33,573 shares of the semiconductor company’s stock worth $769,000 after buying an additional 812 shares during the last quarter. Finally, California State Teachers Retirement System grew its position in shares of SolarEdge Technologies by 1.
6% in the 1st quarter. California State Teachers Retirement System now owns 51,728 shares of the semiconductor company’s stock worth $3,672,000 after buying an additional 827 shares during the last quarter. 95.
10% of the stock is currently owned by institutional investors. SolarEdge Technologies Company Profile ( Get Free Report ) SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.
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