News headlines about Solaredge Technologies (NASDAQ:SEDG) have trended positive on Friday, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog 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 media sentiment score of 0.27 on Accern’s scale. Accern also assigned media headlines about the semiconductor company an impact score of 45.3907857460763 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
A number of equities research analysts recently commented on the company. Vertical Group assumed coverage on Solaredge Technologies in a research report on Thursday, January 11th. They set a “sell” rating on the stock. Zacks Investment Research lowered Solaredge Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 10th. BidaskClub lowered Solaredge Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 2nd. Deutsche Bank lowered Solaredge Technologies from a “buy” rating to a “hold” rating and set a $40.00 price target on the stock. in a research report on Monday, November 27th. Finally, Roth Capital increased their price target on Solaredge Technologies from $36.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Solaredge Technologies presently has an average rating of “Buy” and an average price target of $34.19.
Solaredge Technologies (NASDAQ:SEDG) opened at $35.70 on Friday. The company has a market capitalization of $1,569.97, a price-to-earnings ratio of 21.64, a price-to-earnings-growth ratio of 0.78 and a beta of 0.17. Solaredge Technologies has a 12-month low of $12.25 and a 12-month high of $39.90.
Solaredge Technologies (NASDAQ:SEDG) last announced its quarterly earnings data on Wednesday, November 8th. The semiconductor company reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.16. Solaredge Technologies had a return on equity of 22.07% and a net margin of 14.06%. equities analysts expect that Solaredge Technologies will post 1.91 EPS for the current year.
In other news, VP Lior Handelsman sold 25,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $38.10, for a total value of $952,500.00. Following the transaction, the vice president now directly owns 152,950 shares in the company, valued at approximately $5,827,395. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ronen Faier sold 30,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $37.80, for a total value of $1,134,000.00. Following the completion of the transaction, the chief financial officer now owns 91,666 shares in the company, valued at $3,464,974.80. The disclosure for this sale can be found here. Insiders sold a total of 156,320 shares of company stock worth $5,835,799 over the last quarter. Corporate insiders own 16.40% of the company’s stock.
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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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