Piper Sandler Increases SolarEdge Technologies (NASDAQ:SEDG … – MarketBeat
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
SolarEdge Technologies (NASDAQ:SEDG – Get Rating) had its price target boosted by equities researchers at Piper Sandler from $325.00 to $390.00 in a report released on Thursday, The Fly reports. Piper Sandler’s price objective indicates a potential upside of 20.68% from the company’s current price.
Other analysts have also recently issued reports about the stock. JPMorgan Chase & Co. cut their price target on shares of SolarEdge Technologies from $419.00 to $379.00 and set an “overweight” rating on the stock in a report on Thursday, October 20th. Northland Securities raised shares of SolarEdge Technologies from an “underperform” rating to a “market perform” rating in a report on Tuesday, November 8th. Barclays raised shares of SolarEdge Technologies from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $389.00 to $396.00 in a report on Wednesday, December 14th. BMO Capital Markets upped their price target on shares of SolarEdge Technologies from $316.00 to $355.00 in a report on Friday, November 18th. Finally, Morgan Stanley cut their price target on shares of SolarEdge Technologies from $352.00 to $344.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, SolarEdge Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $345.28.
SolarEdge Technologies Price Performance
Shares of SEDG stock opened at $323.16 on Thursday. The company has a market capitalization of $18.06 billion, a PE ratio of 159.19, a price-to-earnings-growth ratio of 2.95 and a beta of 1.27. The firm has a fifty day simple moving average of $270.20 and a 200-day simple moving average of $279.71. The company has a current ratio of 3.53, a quick ratio of 2.72 and a debt-to-equity ratio of 0.33. SolarEdge Technologies has a twelve month low of $190.15 and a twelve month high of $375.90.
Insider Activity at SolarEdge Technologies
In related news, VP Meir Adest sold 2,500 shares of the stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $250.30, for a total value of $625,750.00. Following the completion of the transaction, the vice president now owns 159,748 shares in the company, valued at approximately $39,984,924.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 7,500 shares of company stock worth $2,102,625 in the last 90 days. Corporate insiders own 1.17% of the company’s stock.
Hedge Funds Weigh In On SolarEdge Technologies
Institutional investors and hedge funds have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV boosted its position in shares of SolarEdge Technologies by 120.4% during the 1st quarter. Mercer Global Advisors Inc. ADV now owns 3,787 shares of the semiconductor company’s stock valued at $1,221,000 after purchasing an additional 2,069 shares in the last quarter. WINTON GROUP Ltd boosted its position in shares of SolarEdge Technologies by 13.9% during the 1st quarter. WINTON GROUP Ltd now owns 1,920 shares of the semiconductor company’s stock valued at $619,000 after purchasing an additional 235 shares in the last quarter. Raymond James & Associates boosted its position in shares of SolarEdge Technologies by 92.8% during the 1st quarter. Raymond James & Associates now owns 26,047 shares of the semiconductor company’s stock valued at $8,397,000 after purchasing an additional 12,537 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in shares of SolarEdge Technologies by 13.9% during the 1st quarter. Coldstream Capital Management Inc. now owns 1,304 shares of the semiconductor company’s stock valued at $420,000 after purchasing an additional 159 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in shares of SolarEdge Technologies by 8.3% during the 1st quarter. Crossmark Global Holdings Inc. now owns 1,820 shares of the semiconductor company’s stock valued at $586,000 after purchasing an additional 140 shares in the last quarter. Institutional investors own 80.01% of the company’s stock.
SolarEdge Technologies Company Profile
(Get Rating)
SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. It operates through five segments: Solar, Energy Storage, e-Mobility, Critical Power, and Automation Machines. The company offers inverters, power optimizers, communication devices, and smart energy management solutions used in residential, commercial, and small utility-scale solar installations; and a cloud-based monitoring platform that collects and processes information from the power optimizers and inverters, as well as monitors and manages the solar PV system.
Featured Articles
- Get a free copy of the StockNews.com research report on SolarEdge Technologies (SEDG)
- Lucid Motors Faces a Reality That May Cloud a Bullish Perception
- Institutions Put Bottom In Rite Aid Shares
- Here’s Why You Should Steer Clear of the FedEx Bounce
- Why Did Viking Therapeutics Stock Skyrocket
- NIKE, Inc Swooshes Higher On Results And Outlook
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider SolarEdge Technologies, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and SolarEdge Technologies wasn’t on the list.
While SolarEdge Technologies currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you’ll finally be able to invest in SpaceX, StarLink or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.
Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
As Featured By:
326 E 8th St #105, Sioux Falls, SD 57103
contact@marketbeat.com
(844) 978-6257
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.