2 weeks Ago By Defense World Staff
Shares of SolarEdge Technologies, Inc. ( NASDAQ:SEDG – Get Free Report ) have been given a consensus rating of “Hold” by the thirty-three ratings firms that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and four have assigned a buy rating to the company.
The average 1-year target price among analysts that have issued a report on the stock in the last year is $49.35. A number of analysts have recently issued reports on the stock.
Bank of America lowered their target price on shares of SolarEdge Technologies from $31.00 to $25.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th.
Truist Financial restated a “hold” rating and issued a $20.00 price objective on shares of SolarEdge Technologies in a report on Tuesday, August 27th. TD Cowen reduced their price target on shares of SolarEdge Technologies from $50.
00 to $35.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Roth Mkm cut their price objective on shares of SolarEdge Technologies from $27.
00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Finally, William Blair began coverage on SolarEdge Technologies in a research report on Thursday, August 29th.
They set a “market perform” rating on the stock. View Our Latest Analysis on SolarEdge Technologies SolarEdge Technologies Price Performance SolarEdge Technologies ( NASDAQ:SEDG – Get Free Report ) last announced its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported ($1.
79) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($0.19).
SolarEdge Technologies had a negative net margin of 33.86% and a negative return on equity of 18.00%.
The firm had revenue of $265.41 million for the quarter, compared to the consensus estimate of $264.31 million.
During the same period in the previous year, the company posted $2.06 earnings per share. SolarEdge Technologies’s quarterly revenue was down 73.
2% on a year-over-year basis. Sell-side analysts predict that SolarEdge Technologies will post -8.57 earnings per share for the current year.
Institutional Inflows and Outflows Several institutional investors and hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LLC lifted its position in SolarEdge Technologies by 93.6% in the fourth quarter.
Corient Private Wealth LLC now owns 6,583 shares of the semiconductor company’s stock valued at $616,000 after acquiring an additional 3,183 shares during the last quarter. Alberta Investment Management Corp boosted its holdings in shares of SolarEdge Technologies by 10.9% in the fourth quarter.
Alberta Investment Management Corp now owns 13,176 shares of the semiconductor company’s stock valued at $1,233,000 after acquiring an additional 1,300 shares during the period. Royal London Asset Management Ltd. grew its position in shares of SolarEdge Technologies by 1.
8% during the fourth quarter. Royal London Asset Management Ltd. now owns 21,870 shares of the semiconductor company’s stock worth $2,047,000 after acquiring an additional 378 shares during the last quarter.
Pinebridge Investments L.P. increased its holdings in shares of SolarEdge Technologies by 28.
2% in the 4th quarter. Pinebridge Investments L.P.
now owns 59,342 shares of the semiconductor company’s stock valued at $5,554,000 after acquiring an additional 13,041 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in SolarEdge Technologies by 189.0% in the 4th quarter.
Clal Insurance Enterprises Holdings Ltd now owns 146,686 shares of the semiconductor company’s stock valued at $13,730,000 after purchasing an additional 95,925 shares during the last quarter. 95.10% of the stock is owned by institutional investors and hedge funds.
About SolarEdge Technologies ( 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. Read More Five stocks we like better than SolarEdge Technologies What Are Some of the Best Large-Cap Stocks to Buy? Simon Property REIT: A Safe Bet for Growth and Steady Dividends Insider Trades May Not Tell You What You Think CarMax’s Impressive Rally: What Investors Should Watch Next P/E Ratio Calculation: How to Assess Stocks MarketBeat Week in Review – 9/23 – 9/27 Receive News & Ratings for SolarEdge Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SolarEdge Technologies and related companies with MarketBeat.
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