News coverage about SolarEdge Technologies (NASDAQ:SEDG) has been trending somewhat positive on Sunday, Accern reports. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SolarEdge Technologies earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news stories about the semiconductor company an impact score of 45.1326593934176 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- SolarEdge Technologies, Inc. (NASDAQ:SEDG) Given Consensus Rating of “Buy” by Brokerages (americanbankingnews.com)
- SolarEdge Technologies, Inc. (SEDG) Director Doron Inbar Sells 50,000 Shares (americanbankingnews.com)
- SolarEdge Technologies, Inc. (NASDAQ:SEDG) Given Sell Rating at Axiom Securities (americanbankingnews.com)
- SolarEdge Technologies, Inc. :SEDG-US: Earnings Analysis: Q2, 2017 By the Numbers : August 9, 2017 (finance.yahoo.com)
- SolarEdge Technologies, Inc. (NASDAQ:SEDG) Experiences Heavier than Average Trading Volume – Modern Readers (modernreaders.com)
SEDG has been the subject of several research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $30.00 price objective (up previously from $25.00) on shares of SolarEdge Technologies in a research note on Thursday, August 3rd. Deutsche Bank AG set a $25.00 price target on shares of SolarEdge Technologies and gave the company a “buy” rating in a research report on Wednesday, June 14th. BidaskClub downgraded shares of SolarEdge Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. UBS AG raised shares of SolarEdge Technologies from a “market perform” rating to an “outperform” rating in a research report on Tuesday, July 18th. Finally, Axiom Securities reaffirmed a “sell” rating on shares of SolarEdge Technologies in a report on Friday, June 9th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the company. SolarEdge Technologies presently has a consensus rating of “Buy” and an average target price of $23.11.
Shares of SolarEdge Technologies (SEDG) traded up 0.74% during midday trading on Friday, hitting $27.15. The stock had a trading volume of 876,273 shares. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 24.07 and a beta of 0.04. SolarEdge Technologies has a 12 month low of $11.35 and a 12 month high of $28.80. The stock’s 50 day moving average price is $22.80 and its 200 day moving average price is $17.60.
SolarEdge Technologies (NASDAQ:SEDG) last released its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.37 by $0.18. SolarEdge Technologies had a return on equity of 21.01% and a net margin of 12.64%. The business had revenue of $136.10 million during the quarter, compared to analyst estimates of $125.07 million. During the same period last year, the business posted $0.44 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities analysts forecast that SolarEdge Technologies will post $1.84 EPS for the current fiscal year.
In other news, Director More Avery sold 20,000 shares of SolarEdge Technologies stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $19.30, for a total transaction of $386,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Doron Inbar sold 50,000 shares of SolarEdge Technologies stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $28.00, for a total value of $1,400,000.00. Following the sale, the director now owns 223,333 shares in the company, valued at approximately $6,253,324. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 164,018 shares of company stock valued at $4,157,847. Company insiders own 16.40% of the company’s stock.
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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