SolarEdge Technologies (NASDAQ:SEDG) Getting Somewhat Positive Press Coverage, Analysis Shows
News stories about SolarEdge Technologies (NASDAQ:SEDG) have been trending somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SolarEdge Technologies earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 44.6655791608607 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- SolarEdge Technologies, Inc. (NASDAQ:SEDG) Given Consensus Rating of “Buy” by Brokerages (americanbankingnews.com)
- SolarEdge Technologies, Inc. (SEDG) Director Doron Inbar Sells 50,000 Shares (americanbankingnews.com)
- SolarEdge Technologies, Inc. (NASDAQ:SEDG) Given Sell Rating at Axiom Securities (americanbankingnews.com)
- SolarEdge Technologies, Inc. :SEDG-US: Earnings Analysis: Q2, 2017 By the Numbers : August 9, 2017 (finance.yahoo.com)
- SolarEdge Technologies, Inc. (NASDAQ:SEDG) Experiences Heavier than Average Trading Volume – Modern Readers (modernreaders.com)
A number of analysts recently commented on SEDG shares. ValuEngine lowered SolarEdge Technologies from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub lowered SolarEdge Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Zacks Investment Research upgraded SolarEdge Technologies from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a research report on Thursday, July 20th. FBR & Co reiterated a “market perform” rating and issued a $50.00 price objective (up from $17.00) on shares of SolarEdge Technologies in a research report on Thursday, May 11th. Finally, TheStreet upgraded SolarEdge Technologies from a “d” rating to a “c” rating in a research report on Wednesday, April 26th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $23.11.
SolarEdge Technologies (NASDAQ SEDG) opened at 27.15 on Friday. The stock’s 50 day moving average price is $22.80 and its 200 day moving average price is $17.60. SolarEdge Technologies has a 52-week low of $11.35 and a 52-week high of $28.80. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 24.07 and a beta of 0.04.
SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.18. SolarEdge Technologies had a return on equity of 21.01% and a net margin of 12.64%. The firm had revenue of $136.10 million during the quarter, compared to analysts’ expectations of $125.07 million. During the same quarter last year, the firm posted $0.44 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, equities analysts anticipate that SolarEdge Technologies will post $1.84 earnings per share for the current fiscal year.
In other news, Director Doron Inbar sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $28.00, for a total value of $1,400,000.00. Following the transaction, the director now owns 223,333 shares in the company, valued at $6,253,324. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Zvi Lando sold 1,300 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $22.02, for a total value of $28,626.00. Following the completion of the transaction, the vice president now owns 47,311 shares in the company, valued at approximately $1,041,788.22. The disclosure for this sale can be found here. Insiders sold 164,018 shares of company stock valued at $4,157,847 in the last three months. Insiders own 16.40% of the company’s stock.
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SolarEdge Technologies Company Profile
SolarEdge Technologies, Inc offers an inverter solution for a solar photovoltaic (PV) system. The Company’s products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. Its product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management.
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