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 $80.19, down 0.6% from the previous day, and has decreased 74.2% in one year. It has underperformed other stocks in the Solar industry by 0.02 percentage points. Solaredge Technologies stock is currently +26.78% from its 52-week low of $63.25, and -76.81% from its 52-week high of $345.80.
At the moment, there are 56.81M SEDG shares outstanding. The market cap of SEDG is $4.56B. In the past 24 hours, 1.83M SEDG shares were traded.
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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.
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You can view all of the due diligence checks on SEDG's stock page.
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge SEDG's fair value.
Using relative valuations metrics:
You can do additional valuation analysis on SEDG's stock here.
Out of 22 Wall Street analysts who monitor SEDG, the consensus analyst rating on SEDG is a Buy
Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Praneeth Satish, a top 32% analyst from Wells Fargo downgrades SEDG to a hold rating and lowers their SEDG price target from $190.00 to $82.00, on Nov 6, 2023.
Wells Fargo's Praneeth Satish downgraded their rating on Solaredge Technologies (NASDAQ: SEDG) from Strong Buy to Hold on 2023/11/06. The analyst also lowered their price target by 56.8% from $190 to $82.
Satish explained their downgraded rating by saying that "a lack of visibility into a recovery and significant uncertainties outweigh the fact that the stock is trading at a discounted valuation."
The analyst explained their price target cut in similar terms, saying that "SolarEdge's uncertainties outweigh the shares' discounted price."
For Q3 2023, Solaredge Technologies reported:
For Q4 2023, management guided:
CEO Zvi Lando commented: “The results for Q3 fell short of our prior expectations and are reflecting a slow market environment, which has resulted in high inventory of our products in the distribution channels, in particular in Europe.
“While channel inventory clearing is expected to continue in coming quarters, we are optimistic about the future of the solar PV industry and are confident that our leading technology, global presence and broad product offering will enable us to continue to be a leader in this market.”
Brian Lee, a bottom 6% analyst from Goldman Sachs maintains SEDG with a hold rating and lowers their SEDG price target from $131.00 to $77.00, on Nov 3, 2023.
Mark Strouse, a top 9% analyst from JP Morgan maintains SEDG with a strong buy rating and lowers their SEDG price target from $215.00 to $90.00, on Nov 2, 2023.
Biju Perincheril, a bottom 5% analyst from Susquehanna maintains SEDG with a strong buy rating and lowers their SEDG price target from $186.00 to $128.00, on Nov 2, 2023.
Moses Sutton, a bottom 23% analyst from Exane BNP Paribas downgrades SEDG to a hold rating and announces their SEDG price target of $71.00, on Nov 2, 2023.
You can dig deeper into what analysts are projecting on the Solaredge Technologies stock forecast page.
Last year, SEDG earnings were $217.54M. In the last five year, SEDG's earnings have grown by 5.15% per year. This was slower than the Solar industry average of 93.44%.
Last year, SEDG revenue was $3.55B. During the last five year, SEDG's revenue has increased by 32.7% per year. This was slower than the Solar industry average of 37.65%.
Dive into SEDG's earnings and revenue performance here.
Over the past year, insiders at SEDG have sold more shares than they have bought.
More Avery, Director of SEDG, was the latest SEDG insider to buy. They bought $35,720.00 worth of SEDG shares on Nov 9, 2023.
Dig into more about who owns SEDG shares here.
No, Solaredge Technologies doesn't provide an income stream by paying out dividends.
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