SolarEdge Technologies Inc. (NASDAQ:SEDG) shares rose 7.6% on Thursday . The stock traded as high as $18.16 and last traded at $18.09, with a volume of 1,478,018 shares traded. The stock had previously closed at $16.82.

SEDG has been the subject of several research analyst reports. FBR & Co reissued a “buy” rating and issued a $38.00 price objective on shares of SolarEdge Technologies in a research report on Thursday, June 16th. JPMorgan Chase & Co. set a $31.00 price objective on SolarEdge Technologies and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Needham & Company LLC reissued a “buy” rating on shares of SolarEdge Technologies in a research report on Monday, June 27th. Barclays PLC lowered SolarEdge Technologies to a “buy” rating in a research report on Monday, June 20th. Finally, Canaccord Genuity reissued a “buy” rating on shares of SolarEdge Technologies in a research report on Tuesday, May 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. SolarEdge Technologies currently has an average rating of “Buy” and an average price target of $28.25.

The company has a 50 day moving average price of $18.79 and a 200 day moving average price of $22.97. The company has a market capitalization of $733.55 million and a PE ratio of 12.59.

SolarEdge Technologies (NASDAQ:SEDG) last posted its earnings results on Tuesday, August 9th. The company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.03. During the same quarter in the prior year, the company posted $0.31 earnings per share. The firm had revenue of $124.80 million for the quarter, compared to analysts’ expectations of $129.63 million. The business’s revenue for the quarter was up 26.8% on a year-over-year basis. On average, equities research analysts predict that SolarEdge Technologies Inc. will post $1.95 earnings per share for the current fiscal year.

In other news, VP Yoav Galin sold 10,874 shares of the stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $21.01, for a total transaction of $228,462.74. Following the completion of the sale, the vice president now directly owns 444,166 shares in the company, valued at $9,331,927.66. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

A number of hedge funds recently modified their holdings of SEDG. Alpine Woods Capital Investors LLC bought a new stake in shares of SolarEdge Technologies during the fourth quarter valued at approximately $1,220,000. Schroder Investment Management Group bought a new stake in shares of SolarEdge Technologies during the fourth quarter valued at approximately $1,569,000. Finally, Morgan Stanley raised its stake in shares of SolarEdge Technologies by 29.5% in the fourth quarter. Morgan Stanley now owns 37,784 shares of the company’s stock valued at $1,064,000 after buying an additional 8,612 shares during the period.

Solaredge Technologies Inc (SolarEdge) is a provider of solar power harvesting and photovoltaic (PV) monitoring solutions. The Company’s portfolio of products includes power optimizers, PV inverters and a Web portal for module-level monitoring and fault detection. Its SolarEdge power optimizer is a DC/DC converter which is connected by installers to each PV module or embedded by module manufacturers, replacing the solar junction box.

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