SolarEdge Technologies (SEDG) Earns Coverage Optimism Score of 0.29
Press coverage about SolarEdge Technologies (NASDAQ:SEDG) has trended positive recently, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. SolarEdge Technologies earned a daily sentiment score of 0.29 on Accern’s scale. Accern also assigned media coverage about the semiconductor company an impact score of 46.3123745450248 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Critical Contrast: SolarEdge Technologies (SEDG) versus Its Peers (americanbankingnews.com)
- SolarEdge Technologies Inc: Strong results power shares higher (timesofindia.indiatimes.com)
- Why SolarEdge Technologies Inc.’s Shares Popped 19% Today (finance.yahoo.com)
- Solaredge Technologies Earns Membership In 95-Plus Composite Rating Club (finance.yahoo.com)
- Company News For Nov 10, 2017 (finance.yahoo.com)
A number of brokerages recently weighed in on SEDG. Roth Capital upped their price objective on SolarEdge Technologies from $36.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday. J P Morgan Chase & Co upped their price objective on SolarEdge Technologies to $43.00 and gave the stock an “overweight” rating in a research note on Thursday. Needham & Company LLC increased their price target on SolarEdge Technologies from $30.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday. B. Riley upgraded SolarEdge Technologies from a “neutral” rating to a “buy” rating and increased their price target for the company from $18.00 to $45.00 in a research note on Thursday. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $36.00 price target (up from $30.00) on shares of SolarEdge Technologies in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $30.18.
SolarEdge Technologies (SEDG) traded down $0.65 during trading on Friday, reaching $38.15. The company’s stock had a trading volume of 1,260,936 shares, compared to its average volume of 843,495. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.92 and a current ratio of 4.64. SolarEdge Technologies has a 52 week low of $12.00 and a 52 week high of $39.45. The stock has a market capitalization of $1,600.00 and a PE ratio of 19.70.
In other news, CFO Ronen Faier sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $28.56, for a total value of $856,800.00. Following the completion of the transaction, the chief financial officer now directly owns 80,000 shares in the company, valued at $2,284,800. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Yoav Galin sold 15,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $28.64, for a total value of $429,600.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 92,940 shares of company stock valued at $2,750,759. Company insiders own 16.40% of the company’s stock.
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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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