Needham & Company LLC Reaffirms Buy Rating for SolarEdge Technologies, Inc. (SEDG)

SolarEdge Technologies, Inc. (NASDAQ:SEDG)‘s stock had its “buy” rating reaffirmed by analysts at Needham & Company LLC in a research report issued on Wednesday. They currently have a $22.00 target price on the stock. Needham & Company LLC’s price objective suggests a potential upside of 52.25% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Goldman Sachs Group, Inc. (The) reissued a “sell” rating on shares of SolarEdge Technologies in a research note on Friday, February 10th. FBR & Co reissued a “market perform” rating and set a $17.00 target price on shares of SolarEdge Technologies in a research note on Wednesday. Barclays PLC reissued an “overweight” rating on shares of SolarEdge Technologies in a research note on Thursday, November 10th. Roth Capital reissued a “neutral” rating and set a $14.00 target price on shares of SolarEdge Technologies in a research note on Tuesday. Finally, JMP Securities lowered shares of SolarEdge Technologies from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 10th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $18.38.

Analyst Recommendations for SolarEdge Technologies (NASDAQ:SEDG)

Shares of SolarEdge Technologies (NASDAQ:SEDG) opened at 14.45 on Wednesday. SolarEdge Technologies has a one year low of $11.35 and a one year high of $28.99. The stock has a market capitalization of $593.36 million, a PE ratio of 8.21 and a beta of -0.25. The firm has a 50 day moving average price of $13.22 and a 200 day moving average price of $14.74.

SolarEdge Technologies (NASDAQ:SEDG) last issued its earnings results on Tuesday, February 14th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. The company earned $111.50 million during the quarter, compared to analyst estimates of $115.82 million. SolarEdge Technologies had a net margin of 15.46% and a return on equity of 29.93%. The company’s revenue for the quarter was down 10.7% on a year-over-year basis. During the same quarter last year, the business posted $0.44 EPS. Analysts predict that SolarEdge Technologies will post $1.40 earnings per share for the current fiscal year.

“Needham & Company LLC Reaffirms Buy Rating for SolarEdge Technologies, Inc. (SEDG)” was originally published by BBNS and is owned by of BBNS. If you are accessing this piece on another website, it was illegally copied and republished in violation of US & international copyright and trademark law. The legal version of this piece can be viewed at https://baseballnewssource.com/markets/needham-company-llc-reaffirms-buy-rating-for-solaredge-technologies-inc-sedg/434945.html.

A number of hedge funds and other institutional investors have recently made changes to their positions in SEDG. Senvest Management LLC increased its position in shares of SolarEdge Technologies by 30.9% in the third quarter. Senvest Management LLC now owns 1,974,455 shares of the company’s stock valued at $34,020,000 after buying an additional 466,376 shares during the period. NN Investment Partners Holdings N.V. increased its position in shares of SolarEdge Technologies by 26.2% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 1,211,087 shares of the company’s stock valued at $15,017,000 after buying an additional 251,313 shares during the period. Sylebra HK Co Ltd increased its position in shares of SolarEdge Technologies by 41.2% in the second quarter. Sylebra HK Co Ltd now owns 1,208,429 shares of the company’s stock valued at $23,685,000 after buying an additional 352,561 shares during the period. Neuberger Berman Group LLC increased its position in shares of SolarEdge Technologies by 13.5% in the second quarter. Neuberger Berman Group LLC now owns 1,055,285 shares of the company’s stock valued at $20,684,000 after buying an additional 125,152 shares during the period. Finally, Prince Street Capital Management LLC increased its position in shares of SolarEdge Technologies by 12.6% in the third quarter. Prince Street Capital Management LLC now owns 965,400 shares of the company’s stock valued at $16,633,000 after buying an additional 107,700 shares during the period. Hedge funds and other institutional investors own 61.51% of the company’s stock.

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.

5 Day Chart for NASDAQ:SEDG

Receive News & Ratings for SolarEdge Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SolarEdge Technologies Inc. and related companies with our FREE daily email newsletter.

 

Latest News

Alex Rodriguez: No Comeback for Me
Alex Rodriguez: No Comeback for Me
Cleveland Indians Moving Along Slowly with Corey Kluber
Cleveland Indians Moving Along Slowly with Corey Kluber
Garrett Richards Returns Without Tommy John Surgery
Garrett Richards Returns Without Tommy John Surgery
Chris Tillman Injury Will Test Rotation Depth with Orioles
Chris Tillman Injury Will Test Rotation Depth with Orioles
Brandon Phillips Traded to Atlanta by Cincinnati
Brandon Phillips Traded to Atlanta by Cincinnati
Rumor: Miami Marlins Reach Tentative Agreement to Sell
Rumor: Miami Marlins Reach Tentative Agreement to Sell


Leave a Reply

 
© 2006-2017 BBNS.