Piper Sandler analyst Kashy Harrison maintained a Hold rating on SolarEdge Technologies (SEDG – Research Report) today and set a price target of $63.00. The company’s shares closed last Friday at $55.80.
Harrison covers the Technology sector, focusing on stocks such as Enphase Energy, First Solar, and Itron. According to TipRanks, Harrison has an average return of -17.9% and a 31.95% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for SolarEdge Technologies with a $82.00 average price target, which is a 46.95% upside from current levels. In a report released on April 17, Morgan Stanley also maintained a Hold rating on the stock with a $91.00 price target.
SEDG market cap is currently $3.19B and has a P/E ratio of 125.99.
Based on the recent corporate insider activity of 21 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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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