In a report released today, Kashy Harrison from Piper Sandler maintained a Hold rating on SolarEdge Technologies (SEDG – Research Report), with a price target of $73.00. The company’s shares closed last Friday at $75.72.
Harrison covers the Technology sector, focusing on stocks such as Enphase Energy, SolarEdge Technologies, and First Solar. According to TipRanks, Harrison has an average return of -19.0% and a 32.16% success rate on recommended stocks.
SolarEdge Technologies has an analyst consensus of Hold, with a price target consensus of $83.70.
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Based on SolarEdge Technologies’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $316.04 million and a GAAP net loss of $162.38 million. In comparison, last year the company earned a revenue of $890.7 million and had a net profit of $20.83 million
Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SEDG in relation to earlier this year.
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SolarEdge Technologies (SEDG) Company Description:
SolarEdge Technologies, Inc. engages in the operation of inverter solution for the harvesting and managing of photovoltaic solar power. The company’s products include power optimizer, inverter and monitoring portal. It offers residential solutions, commercial solutions, and grid services. The company was founded by Guy Sella, Lior Handelsman, Yoav Galin, Meir Adest and Amir Fishelov in 2006 and is headquartered in Hod HaSharon, Israel.
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