Brokerages Set Solaredge Technologies Inc (SEDG) PT at $34.96
Shares of Solaredge Technologies Inc (NASDAQ:SEDG) have received an average rating of “Buy” from the twenty-one analysts that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $34.14.
Several research firms have weighed in on SEDG. Zacks Investment Research cut Solaredge Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Roth Capital set a $30.00 target price on Solaredge Technologies and gave the company a “buy” rating in a research note on Sunday, October 15th. ValuEngine cut Solaredge Technologies from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. JPMorgan Chase & Co. lifted their target price on Solaredge Technologies from $31.00 to $37.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $36.00 target price (up previously from $30.00) on shares of Solaredge Technologies in a research note on Monday, November 6th.
In other Solaredge Technologies news, CFO Ronen Faier sold 33,032 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $39.02, for a total transaction of $1,288,908.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Zvi Lando sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $30.36, for a total value of $303,600.00. Following the sale, the vice president now directly owns 48,333 shares of the company’s stock, valued at approximately $1,467,389.88. The disclosure for this sale can be found here. Insiders have sold 166,320 shares of company stock valued at $6,139,399 in the last ninety days. Company insiders own 16.40% of the company’s stock.
Solaredge Technologies (SEDG) traded down $0.60 during midday trading on Monday, reaching $36.60. The company’s stock had a trading volume of 449,800 shares, compared to its average volume of 640,986. The firm has a market cap of $1,620.00 and a P/E ratio of 22.05. Solaredge Technologies has a 12-month low of $12.25 and a 12-month high of $39.90.
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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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