SolarEdge Technologies Inc. (NASDAQ:SEDG) shares were down 3.2% during mid-day trading on Wednesday . The company traded as low as $16.86 and last traded at $17.03, with a volume of 324,892 shares trading hands. The stock had previously closed at $17.60.

A number of research analysts recently issued reports on SEDG shares. Goldman Sachs Group Inc. downgraded shares of SolarEdge Technologies from a “buy” rating to a “neutral” rating and dropped their target price for the company from $42.00 to $25.00 in a research report on Tuesday, May 10th. Barclays PLC downgraded shares of SolarEdge Technologies from an “overweight” rating to a “neutral” rating in a research report on Thursday, August 25th. JPMorgan Chase & Co. set a $31.00 target price on shares of SolarEdge Technologies and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Needham & Company LLC reiterated a “buy” rating and set a $36.00 target price (down previously from $38.00) on shares of SolarEdge Technologies in a research report on Tuesday, May 10th. Finally, Canaccord Genuity reiterated a “buy” rating on shares of SolarEdge Technologies in a research report on Tuesday, May 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $27.50.

The stock has a market capitalization of $696.08 million and a PE ratio of 9.84. The stock has a 50 day moving average of $18.11 and a 200-day moving average of $22.01.

SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.03. The company had revenue of $124.80 million for the quarter, compared to analyst estimates of $129.63 million. During the same period in the prior year, the company posted $0.31 EPS. The firm’s quarterly revenue was up 26.8% on a year-over-year basis.

In other news, VP Yoav Galin sold 1,626 shares of the company’s stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $21.37, for a total transaction of $34,747.62. Following the completion of the transaction, the vice president now owns 434,959 shares of the company’s stock, valued at $9,295,073.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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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