SolarEdge Technologies (SEDG) to Release Earnings on Wednesday

SolarEdge Technologies (NASDAQ:SEDG) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, February 19th. Analysts expect the company to announce earnings of ($1.52) per share and revenue of $189.23 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

SolarEdge Technologies Stock Down 6.0 %

Shares of NASDAQ SEDG opened at $13.37 on Wednesday. The firm has a market cap of $774.79 million, a PE ratio of -0.46 and a beta of 1.56. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.34 and a quick ratio of 1.46. SolarEdge Technologies has a 1 year low of $10.24 and a 1 year high of $87.98. The company has a 50 day simple moving average of $14.10 and a 200 day simple moving average of $17.67.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SEDG shares. StockNews.com raised shares of SolarEdge Technologies to a “sell” rating in a research report on Friday, November 8th. Piper Sandler lowered SolarEdge Technologies from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $17.00 to $9.00 in a report on Thursday, November 7th. Wells Fargo & Company lowered their price target on shares of SolarEdge Technologies from $19.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. Canaccord Genuity Group raised their target price on SolarEdge Technologies from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. Finally, Bank of America cut shares of SolarEdge Technologies from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $21.00 to $14.00 in a report on Thursday, November 7th. Eight equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $20.84.

SolarEdge Technologies Company Profile

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.