News coverage about Solaredge Technologies (NASDAQ:SEDG) has trended positive this week, according to Accern Sentiment Analysis. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog 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 news impact score of 0.25 on Accern’s scale. Accern also gave press coverage about the semiconductor company an impact score of 46.3926459916747 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- SolarEdge Technologies, Inc. (SEDG) stock added 16.04% off its SMA-20 – The Stocks News (press release) (thestocksnews.com)
- Only the Technical Indicators on SolarEdge Technologies, Inc. (SEDG) – Wall Street Morning (wallstreetmorning.com)
- Here's How SolarEdge Technologies Inc. Shares Gained 39% Last Month (finance.yahoo.com)
- WINTON GROUP Ltd Boosts Stake in Solaredge Technologies Inc (SEDG) (americanbankingnews.com)
- Solaredge Technologies Inc (SEDG) Shares Bought by Investec Asset Management LTD (americanbankingnews.com)
A number of research analysts have recently issued reports on SEDG shares. Zacks Investment Research raised Solaredge Technologies from a “hold” rating to a “strong-buy” rating and set a $44.00 price target on the stock in a report on Tuesday, November 14th. Deutsche Bank downgraded Solaredge Technologies from a “buy” rating to a “hold” rating and set a $40.00 price target on the stock. in a report on Monday, November 27th. BidaskClub downgraded Solaredge Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 2nd. Vertical Group started coverage on Solaredge Technologies in a report on Thursday, January 11th. They set a “sell” rating on the stock. Finally, ValuEngine raised Solaredge Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Solaredge Technologies presently has an average rating of “Buy” and a consensus price target of $43.12.
Solaredge Technologies (NASDAQ:SEDG) last posted its earnings results on Wednesday, February 14th. The semiconductor company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.29. Solaredge Technologies had a return on equity of 29.21% and a net margin of 13.87%. The company had revenue of $189.34 million for the quarter, compared to the consensus estimate of $179.78 million. equities analysts anticipate that Solaredge Technologies will post 2.45 earnings per share for the current fiscal year.
In other Solaredge Technologies news, VP Lior Handelsman sold 5,000 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $36.25, for a total value of $181,250.00. Following the transaction, the vice president now owns 177,950 shares of the company’s stock, valued at $6,450,687.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director More Avery sold 14,000 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $47.60, for a total value of $666,400.00. Following the completion of the transaction, the director now directly owns 602,527 shares in the company, valued at approximately $28,680,285.20. The disclosure for this sale can be found here. In the last three months, insiders sold 425,566 shares of company stock worth $17,638,333. 16.40% of the stock is owned by corporate insiders.
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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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