News headlines about Solaredge Technologies (NASDAQ:SEDG) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Solaredge Technologies earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news headlines about the semiconductor company an impact score of 45.6422328854895 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

SEDG has been the topic of several research analyst reports. Roth Capital set a $70.00 price target on shares of Solaredge Technologies and gave the stock a “buy” rating in a research note on Thursday, May 10th. Needham & Company LLC boosted their price target on shares of Solaredge Technologies to $67.00 and gave the stock a “buy” rating in a research note on Thursday, May 10th. B. Riley set a $60.00 price target on shares of Solaredge Technologies and gave the stock a “buy” rating in a research note on Tuesday, May 8th. Canaccord Genuity set a $55.00 price target on shares of Solaredge Technologies and gave the stock a “buy” rating in a research note on Sunday, May 6th. Finally, ValuEngine cut shares of Solaredge Technologies from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $58.36.

Shares of SEDG stock opened at $46.25 on Friday. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 0.76 and a beta of -0.43. Solaredge Technologies has a 52 week low of $24.70 and a 52 week high of $70.74.

Solaredge Technologies (NASDAQ:SEDG) last announced its quarterly earnings results on Thursday, August 2nd. The semiconductor company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.73 by $0.09. Solaredge Technologies had a net margin of 14.85% and a return on equity of 32.26%. The business had revenue of $227.10 million for the quarter, compared to analysts’ expectations of $225.31 million. During the same quarter in the previous year, the company earned $0.55 EPS. The business’s quarterly revenue was up 66.9% compared to the same quarter last year. equities analysts forecast that Solaredge Technologies will post 2.82 earnings per share for the current year.

In other news, VP Meir Adest sold 28,000 shares of the business’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $55.48, for a total value of $1,553,440.00. Following the sale, the vice president now directly owns 341,040 shares in the company, valued at approximately $18,920,899.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Lior Handelsman sold 59,298 shares of the business’s stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $68.77, for a total transaction of $4,077,923.46. Following the completion of the sale, the vice president now owns 94,943 shares in the company, valued at $6,529,230.11. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 141,236 shares of company stock worth $8,473,900. Insiders own 9.70% of the company’s stock.

About Solaredge Technologies

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in Israel, the United States, the Netherlands, Europe, and internationally. The company's DC optimized inverter systems include power optimizers and inverters, as well as a cloud-based monitoring platform.

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