Somewhat Favorable News Coverage Somewhat Unlikely to Affect Solaredge Technologies (SEDG) Share Price
News headlines about Solaredge Technologies (NASDAQ:SEDG) have trended somewhat positive on Monday, Accern Sentiment Analysis reports. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Solaredge Technologies earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned media headlines about the semiconductor company an impact score of 45.6923428804976 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Bowen Hanes & Co. Inc. Sells 2,000 Shares of Solaredge Technologies Inc (SEDG) (americanbankingnews.com)
- Schroder Investment Management Group Has $4.11 Million Stake in Solaredge Technologies Inc (SEDG) (americanbankingnews.com)
- Technical Snapshots for Investors – SolarEdge Technologies Inc (NASDAQ: SEDG) – Stocks Market Cap (stocksmarketcap.com)
- EAM Investors LLC Cuts Stake in Solaredge Technologies Inc (SEDG) (americanbankingnews.com)
- More Avery Sells 14,000 Shares of Solaredge Technologies Inc (SEDG) Stock (americanbankingnews.com)
Solaredge Technologies (NASDAQ SEDG) opened at $50.90 on Monday. The stock has a market cap of $2,190.00 and a PE ratio of 22.62. Solaredge Technologies has a 12-month low of $13.50 and a 12-month high of $51.20.
A number of research firms recently weighed in on SEDG. Canaccord Genuity increased their price objective on shares of Solaredge Technologies from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, February 26th. BidaskClub raised shares of Solaredge Technologies from a “hold” rating to a “buy” rating in a report on Thursday, February 22nd. Oppenheimer increased their price objective on shares of Solaredge Technologies from $38.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Vertical Research raised shares of Solaredge Technologies from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. Finally, Zacks Investment Research cut shares of Solaredge Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $43.12.
In related news, VP Meir Adest sold 4,700 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $35.02, for a total value of $164,594.00. Following the completion of the transaction, the vice president now owns 20,633 shares in the company, valued at approximately $722,567.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director More Avery sold 14,000 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $47.60, for a total transaction of $666,400.00. Following the completion of the transaction, the director now owns 602,527 shares of the company’s stock, valued at approximately $28,680,285.20. The disclosure for this sale can be found here. Insiders sold a total of 430,266 shares of company stock valued at $17,802,927 in the last quarter. 16.40% of the stock is currently owned by insiders.
About Solaredge Technologies
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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