How to Buy Solaredge Technologies Stock
Solaredge Technologies Inc
SolarEdge Technologies, Inc. , together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide.
Solaredge Technologies stock last closed at $17.94, down 7.95% from the previous day, and has decreased 87.9% in one year. It has underperformed other stocks in the Solar industry by 0.17 percentage points. Solaredge Technologies stock is currently +0.45% from its 52-week low of $17.86, and -88.28% from its 52-week high of $153.08.
At the moment, there are 57.3M SEDG shares outstanding. The market cap of SEDG is $1.03B. In the past 24 hours, 5.43M SEDG shares were traded.
How to Buy Solaredge Technologies Stock
Not sure how to invest in Solaredge Technologies stock? Here's how.
- Decide where to buy Solaredge Technologies stock: You need to pick an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you figure out where to buy Solaredge Technologies stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit funds into your brokerage account: Choose your payment method and add your information.
- Evaluate Solaredge Technologies stock: The Solaredge Technologies ticker symbol is SEDG. Is Solaredge Technologies stock a good investment? Should you buy shares of SEDG? How do SEDG's underlying business fundamentals look? Do top analysts think Solaredge Technologies is a good buy? Why has SEDG's stock price moved recently? (Hint: Our stock research website can help you understand if SEDG is a good stock to buy).
- Place your SEDG trade: Decide if you will purchase SEDG shares at the current market price or use a limit order to buy SEDG stock at a particular price.
- Get the latest news on your SEDG investment: Create a watchlist to the latest updates on your new investment in Solaredge Technologies shares.
Step 1: Decide where to buy Solaredge Technologies stock
You will need an online brokerage account in order to access the NASDAQ market and buy SEDG shares.
Our preferred brokerage: eToro
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Get $10 towards your purchase of shares by opening an account with eToro today.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked the best brokerage, you need to fill out some personal information so you are able to invest in SEDG stock today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to open your new brokerage account.
- Submit your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you have created your account on the best investment app, you need to deposit funds:
Watch the video below for more details transferring funds into your new brokerage account.
Step 4: Evaluate Solaredge Technologies stock
Once you have figured out the best place to buy Solaredge Technologies stock, it's crucial to research their stock before you buy, so you can wrap your head around the risk as well as the opportunity.
Solaredge Technologies stock at a glance
Solaredge Technologies Zen Score
WallStreetZen was designed to help average investors perform better fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on SEDG's stock page.
What is the fair value of SEDG stock?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge SEDG's fair value.
Using relative valuations metrics:
- SEDG could be undervalued based on its P/B ratio of 0.49x, relative to Solar industry P/B ratio of 2.04x
You can do more valuation research on SEDG's stock here.
SEDG Financial Summary
Signs that SEDG is financially healthy:
- SEDG has cash burn of 496099000. It has enough cash and short-term investments to cover this for at least one year.
- There are more short-term assets than short-term liabilities on the SEDG balance sheet.
- There are more short-term assets than long-term liabilities on the SEDG balance sheet.
Signs that SEDG is not financially healthy:
- SEDG has $689.83M in cash and short term investments. This is not enough to cover its annual cash burn of $496.10M.
- SEDG has a relatively high debt to equity ratio of 0.88.
- SEDG profit margin has gone down from 8.3% to -33.9% in the past year.
- Total SEDG debt is higher than 5 years ago, relative to shareholder equity.
Is Solaredge Technologies stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 21 sell side analysts who give forecasts on SEDG, the consensus analyst rating on SEDG is a Hold
Please note that analyst forecasts are not recommendations, nor are they financial advice.
Most Recent SEDG Analyst Upgrades/Downgrades
Tristan Richardson, a bottom 10% analyst from ScotiaBank maintains SEDG with a hold rating and lowers their SEDG price target from $46.00 to $41.00, on Aug 8, 2024.
Jeffrey Osborne, a bottom 3% analyst from TD Cowen maintains SEDG with a strong buy rating and lowers their SEDG price target from $50.00 to $35.00, on Aug 8, 2024.
Philip Shen, a bottom 5% analyst from Roth MKM maintains SEDG with a hold rating and lowers their SEDG price target from $27.00 to $23.00, on Aug 8, 2024.
Biju Perincheril, a bottom 3% analyst from Susquehanna maintains SEDG with a hold rating and lowers their SEDG price target from $36.00 to $24.00, on Aug 8, 2024.
Austin Moeller, a bottom 4% analyst from Canaccord Genuity maintains SEDG with a hold rating and lowers their SEDG price target from $38.00 to $27.00, on Aug 8, 2024.
You can dig deeper into what analysts are projecting on the Solaredge Technologies stock forecast page.
SEDG Technical Indicators
How are SEDG Revenues/Earnings doing?
Last year, SEDG revenue was $1.51B. During the last 5 year, SEDG's revenue has increased by 6.61% per year. This was slower than the Solar industry average of 20.91%.
Find out more about SEDG's earnings and revenue performance here.
Who is buying/selling SEDG?
Over the last 12 months, insiders at SEDG have bought more shares than they have sold.
More Avery, Director of SEDG, was the latest SEDG insider to buy. They bought $474,250.00 worth of SEDG shares on Feb 29, 2024.
Dig into more about who owns SEDG stock here.
Can I get consistent income from SEDG stock?
No, Solaredge Technologies doesn't provide an income stream by paying out dividends.
Get analysis from other traders
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Place your SEDG trade
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly fine. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at an exact price, use a limit order.
Hit the Open button and your broker will execute the order.
If you need more help investing in stocks on eToro, click the how to video below:
Step 6: Get the latest news on your SEDG investment
Now that you own some SEDG stock, you'll want to keep up with your stock purchase.
Add SEDG to a watchlist to see the latest developments about your SEDG stock.
SEDG Feed
How to Buy Stock in Solaredge Technologies
To summarize, here are the 6 steps you need to take to buy Solaredge Technologies stock right now:
- Decide where to buy Solaredge Technologies stock
- Sign up for a brokerage account
- Deposit funds into your brokerage account
- Evaluate Solaredge Technologies stock
- Place your SEDG trade
- Get the latest news on your SEDG investment
If you require a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to get updates on your investment in Solaredge Technologies, add SEDG to your watchlist below.
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