SolarEdge Technologies, Inc. (SEDG) PT Set at $30.00 by Roth Capital

SolarEdge Technologies, Inc. (NASDAQ:SEDG) has been given a $30.00 price objective by investment analysts at Roth Capital in a research note issued to investors on Sunday. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Roth Capital’s target price suggests a potential downside of 1.48% from the company’s current price.

A number of other analysts also recently issued reports on SEDG. BidaskClub raised shares of SolarEdge Technologies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 8th. Barclays PLC reissued an “overweight” rating and set a $28.00 target price (up previously from $21.00) on shares of SolarEdge Technologies in a research report on Wednesday, August 9th. Canaccord Genuity reissued a “buy” rating and set a $30.00 target price (up previously from $25.00) on shares of SolarEdge Technologies in a research report on Wednesday, August 9th. Cowen and Company reissued a “buy” rating and set a $31.00 target price (up previously from $24.00) on shares of SolarEdge Technologies in a research report on Thursday, August 3rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $30.00 target price (up previously from $25.00) on shares of SolarEdge Technologies in a research report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $24.42.

Shares of SolarEdge Technologies (NASDAQ:SEDG) opened at 30.45 on Friday. SolarEdge Technologies has a 52-week low of $11.35 and a 52-week high of $30.75. The company’s 50-day moving average is $27.84 and its 200 day moving average is $27.84. The firm has a market capitalization of $1.28 billion, a PE ratio of 26.99 and a beta of 0.02.

SolarEdge Technologies (NASDAQ:SEDG) last posted its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.18. The firm had revenue of $136.10 million during the quarter, compared to the consensus estimate of $125.07 million. SolarEdge Technologies had a net margin of 12.64% and a return on equity of 21.01%. The company’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. Equities analysts expect that SolarEdge Technologies will post $1.89 earnings per share for the current fiscal year.

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In other SolarEdge Technologies news, VP Yoav Galin sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $27.34, for a total value of $273,400.00. Following the completion of the sale, the vice president now owns 75,000 shares of the company’s stock, valued at $2,050,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ronen Faier sold 20,000 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $27.24, for a total transaction of $544,800.00. Following the completion of the sale, the chief financial officer now directly owns 100,000 shares of the company’s stock, valued at approximately $2,724,000. The disclosure for this sale can be found here. Insiders sold 170,000 shares of company stock valued at $4,730,550 in the last ninety days. 16.40% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the business. Sei Investments Co. grew its position in SolarEdge Technologies by 380.4% in the second quarter. Sei Investments Co. now owns 6,005 shares of the semiconductor company’s stock valued at $120,000 after acquiring an additional 4,755 shares in the last quarter. Globeflex Capital L P acquired a new stake in SolarEdge Technologies in the second quarter valued at approximately $157,000. Edmond DE Rothschild Holding S.A. acquired a new stake in SolarEdge Technologies in the first quarter valu

A number of other analysts also recently issued reports on SEDG. BidaskClub raised shares of SolarEdge Technologies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 8th. Barclays PLC reissued an “overweight” rating and set a $28.00 target price (up previously from $21.00) on shares of SolarEdge Technologies in a research report on Wednesday, August 9th. Canaccord Genuity reissued a “buy” rating and set a $30.00 target price (up previously from $25.00) on shares of SolarEdge Technologies in a research report on Wednesday, August 9th. Cowen and Company reissued a “buy” rating and set a $31.00 target price (up previously from $24.00) on shares of SolarEdge Technologies in a research report on Thursday, August 3rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $30.00 target price (up previously from $25.00) on shares of SolarEdge Technologies in a research report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $24.42.

Shares of SolarEdge Technologies (NASDAQ:SEDG) opened at 30.45 on Friday. SolarEdge Technologies has a 52-week low of $11.35 and a 52-week high of $30.75. The company’s 50-day moving average is $27.84 and its 200 day moving average is $27.84. The firm has a market capitalization of $1.28 billion, a PE ratio of 26.99 and a beta of 0.02.

SolarEdge Technologies (NASDAQ:SEDG) last posted its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.18. The firm had revenue of $136.10 million during the quarter, compared to the consensus estimate of $125.07 million. SolarEdge Technologies had a net margin of 12.64% and a return on equity of 21.01%. The company’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. Equities analysts expect that SolarEdge Technologies will post $1.89 earnings per share for the current fiscal year.

WARNING: This article was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another site, it was illegally copied and reposted in violation of US and international copyright legislation. The correct version of this article can be read at https://ledgergazette.com/2017/10/17/solaredge-technologies-inc-sedg-pt-set-at-30-00-by-roth-capital.html.

In other SolarEdge Technologies news, VP Yoav Galin sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $27.34, for a total value of $273,400.00. Following the completion of the sale, the vice president now owns 75,000 shares of the company’s stock, valued at $2,050,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ronen Faier sold 20,000 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $27.24, for a total transaction of $544,800.00. Following the completion of the sale, the chief financial officer now directly owns 100,000 shares of the company’s stock, valued at approximately $2,724,000. The disclosure for this sale can be found here. Insiders sold 170,000 shares of company stock valued at $4,730,550 in the last ninety days. 16.40% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the business. Sei Investments Co. grew its position in SolarEdge Technologies by 380.4% in the second quarter. Sei Investments Co. now owns 6,005 shares of the semiconductor company’s stock valued at $120,000 after acquiring an additional 4,755 shares in the last quarter. Globeflex Capital L P acquired a new stake in SolarEdge Technologies in the second quarter valued at approximately $157,000. Edmond DE Rothschild Holding S.A. acquired a new stake in SolarEdge Technologies in the first quarter valued at approximately $173,000. Dynamic Technology Lab Private Ltd acquired a new stake in SolarEdge Technologies in the first quarter valued at approximately $178,000. Finally, KCG Holdings Inc. acquired a new stake in SolarEdge Technologies in the first quarter valued at approximately $222,000. 57.43% of the stock is owned by institutional investors.

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.

Analyst Recommendations for SolarEdge Technologies (NASDAQ:SEDG)

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