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

SEDG has been the topic of several research reports. JPMorgan Chase & Co. set a $31.00 price target on SolarEdge Technologies and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Barclays PLC downgraded SolarEdge Technologies to a “buy” rating in a research note on Monday, June 20th. FBR & Co restated a “buy” rating on shares of SolarEdge Technologies in a research note on Tuesday, May 10th. Needham & Company LLC restated a “buy” rating on shares of SolarEdge Technologies in a research note on Monday, June 27th. Finally, TheStreet downgraded SolarEdge Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, June 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $28.25.

The stock has a 50-day moving average of $18.67 and a 200-day moving average of $22.89. The firm has a market capitalization of $745.36 million and a P/E ratio of 12.79.

SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.03. The firm earned $124.80 million during the quarter, compared to the consensus estimate of $129.63 million. During the same quarter in the prior year, the business posted $0.31 EPS. SolarEdge Technologies’s revenue was up 26.8% compared to the same quarter last year. Equities analysts expect that SolarEdge Technologies Inc. will post $1.95 EPS for the current year.

In other SolarEdge Technologies news, VP Yoav Galin sold 1,626 shares of the firm’s stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $21.37, for a total value of $34,747.62. Following the completion of the sale, the vice president now owns 434,959 shares in the company, valued at approximately $9,295,073.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Several institutional investors recently bought and sold shares of the company. Alpine Woods Capital Investors LLC bought a new position in SolarEdge Technologies during the fourth quarter valued at approximately $1,220,000. Schroder Investment Management Group bought a new position in SolarEdge Technologies during the fourth quarter valued at approximately $1,569,000. Finally, Morgan Stanley increased its position in 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.