Solaredge Technologies (NASDAQ:SEDG) will issue its quarterly earnings data after the market closes on Monday, February 12th. Analysts expect the company to announce earnings of $0.65 per share for the quarter.
Solaredge Technologies (NASDAQ:SEDG) last announced its earnings results on Wednesday, November 8th. The semiconductor company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.16. Solaredge Technologies had a net margin of 14.06% and a return on equity of 22.07%. On average, analysts expect Solaredge Technologies to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Solaredge Technologies (NASDAQ SEDG) opened at $32.20 on Friday. The firm has a market cap of $1,380.00 and a price-to-earnings ratio of 19.40. Solaredge Technologies has a 12 month low of $12.70 and a 12 month high of $39.90.
A number of brokerages have weighed in on SEDG. BidaskClub lowered shares of Solaredge Technologies from a “buy” rating to a “hold” rating in a research note on Friday. ValuEngine upgraded shares of Solaredge Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Vertical Group began coverage on shares of Solaredge Technologies in a research note on Thursday, January 11th. They set a “sell” rating for the company. Zacks Investment Research lowered shares of Solaredge Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Finally, Deutsche Bank lowered shares of Solaredge Technologies from a “buy” rating to a “hold” rating and set a $40.00 target price for the company. in a research note on Monday, November 27th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $34.19.
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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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