SolarEdge Technologies (SEDG) Earning Somewhat Favorable News Coverage, Report Shows
Press coverage about SolarEdge Technologies (NASDAQ:SEDG) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SolarEdge Technologies earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned press coverage about the semiconductor company an impact score of 45.9289467088044 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
SolarEdge Technologies (NASDAQ:SEDG) traded down $0.45 on Wednesday, hitting $38.45. 717,200 shares of the company traded hands, compared to its average volume of 839,401. The firm has a market cap of $1,673.20, a P/E ratio of 23.58, a PEG ratio of 0.85 and a beta of 0.10. SolarEdge Technologies has a 52-week low of $12.00 and a 52-week high of $39.45.
A number of brokerages have recently weighed in on SEDG. JMP Securities reissued an “outperform” rating on shares of SolarEdge Technologies in a report on Thursday, August 3rd. Oppenheimer Holdings, Inc. boosted their price objective on shares of SolarEdge Technologies from $25.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, August 3rd. Barclays PLC reissued an “overweight” rating and set a $28.00 price objective (up from $21.00) on shares of SolarEdge Technologies in a report on Wednesday, August 9th. Axiom Securities reissued a “sell” rating on shares of SolarEdge Technologies in a report on Thursday, August 10th. Finally, ValuEngine raised shares of SolarEdge Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $33.42.
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In other news, VP Zvi Lando sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $38.02, for a total transaction of $760,400.00. Following the completion of the sale, the vice president now owns 28,333 shares in the company, valued at approximately $1,077,220.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ronen Faier sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $28.56, for a total transaction of $856,800.00. Following the sale, the chief financial officer now owns 80,000 shares of the company’s stock, valued at approximately $2,284,800. The disclosure for this sale can be found here. In the last quarter, insiders sold 112,940 shares of company stock valued at $3,511,159. 16.40% of the stock is owned by insiders.
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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