News stories about SolarEdge Technologies (NASDAQ:SEDG) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. SolarEdge Technologies earned a daily sentiment score of 0.04 on Accern’s scale. Accern also assigned news articles about the semiconductor company an impact score of 45.7503472526147 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Hot Mover of the Day: SolarEdge Technologies, Inc. (NASDAQ: SEDG) – The Investor Guide (wallstreetnews24.com)
- Technology Stock Buy Signal: SolarEdge Technologies, Inc. (SEDG) – Street Observer (press release) (streetobserver.com)
- Hot Stock’s Highlights: SolarEdge Technologies, Inc. (NASDAQ: SEDG) – The Investor Guide (wallstreetnews24.com)
Several equities analysts recently weighed in on the stock. JMP Securities reaffirmed an “outperform” rating on shares of SolarEdge Technologies in a research report on Thursday, August 3rd. CIBC raised shares of SolarEdge Technologies from a “market perform” rating to an “outperform” rating in a research report on Tuesday, July 18th. Oppenheimer Holdings, Inc. raised their price objective on shares of SolarEdge Technologies from $25.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. Barclays PLC reaffirmed an “overweight” rating and set a $28.00 price objective (up previously from $21.00) on shares of SolarEdge Technologies in a research report on Wednesday, August 9th. Finally, Axiom Securities reaffirmed a “sell” rating on shares of SolarEdge Technologies in a research report on Thursday, August 10th. Three analysts have rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $23.11.
SolarEdge Technologies (NASDAQ SEDG) traded down 0.51% during trading on Wednesday, hitting $29.00. 380,865 shares of the stock were exchanged. SolarEdge Technologies has a 1-year low of $11.35 and a 1-year high of $29.80. The firm’s 50 day moving average price is $27.67 and its 200-day moving average price is $27.67. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 25.71 and a beta of 0.03.
SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.18. SolarEdge Technologies had a return on equity of 21.01% and a net margin of 12.64%. The company had revenue of $136.10 million for the quarter, compared to analysts’ expectations of $125.07 million. During the same quarter in the prior year, the business posted $0.44 EPS. The business’s revenue was up 9.1% compared to the same quarter last year. On average, analysts anticipate that SolarEdge Technologies will post $1.89 EPS for the current year.
In related news, VP Rachel Prishkolnik sold 30,000 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $27.69, for a total value of $830,700.00. Following the sale, the vice president now owns 20,000 shares in the company, valued at approximately $553,800. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Zvi Lando sold 10,508 shares of the stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $22.19, for a total value of $233,172.52. Following the completion of the sale, the vice president now owns 56,519 shares in the company, valued at approximately $1,254,156.61. The disclosure for this sale can be found here. In the last 90 days, insiders sold 181,808 shares of company stock worth $4,992,349. 16.40% of the stock is owned by company insiders.
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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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