Positive Press Coverage Somewhat Unlikely to Affect Solaredge Technologies (SEDG) Share Price

News articles about Solaredge Technologies (NASDAQ:SEDG) have trended positive this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Solaredge Technologies earned a media sentiment score of 0.28 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 45.6387700986321 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the news articles that may have impacted Accern Sentiment’s scoring:

Several analysts have recently issued reports on SEDG shares. JPMorgan Chase & Co. boosted their price target on shares of Solaredge Technologies from $31.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday, November 1st. Needham & Company LLC boosted their price target on shares of Solaredge Technologies from $30.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. Canaccord Genuity reissued a “buy” rating and issued a $36.00 price target (up previously from $30.00) on shares of Solaredge Technologies in a research report on Monday, November 6th. Roth Capital boosted their price target on shares of Solaredge Technologies from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. Finally, BidaskClub lowered shares of Solaredge Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $42.73.

Solaredge Technologies (SEDG) opened at $48.35 on Friday. The company has a market cap of $2,080.00 and a P/E ratio of 26.14. Solaredge Technologies has a 12 month low of $13.50 and a 12 month high of $49.65.

Solaredge Technologies (NASDAQ:SEDG) last issued its quarterly earnings data on Wednesday, February 14th. The semiconductor company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.51 by $0.29. The company had revenue of $189.34 million during the quarter, compared to analysts’ expectations of $179.78 million. Solaredge Technologies had a net margin of 13.87% and a return on equity of 29.21%. analysts predict that Solaredge Technologies will post 2.45 earnings per share for the current fiscal year.

In related news, VP Meir Adest sold 4,700 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $35.02, for a total transaction of $164,594.00. Following the completion of the transaction, the vice president now owns 20,633 shares of the company’s stock, valued at $722,567.66. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Guy Sella sold 216,666 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $42.15, for a total transaction of $9,132,471.90. Following the completion of the transaction, the chief executive officer now directly owns 73,333 shares of the company’s stock, valued at approximately $3,090,985.95. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 416,914 shares of company stock valued at $17,159,064. 16.40% of the stock is owned by corporate insiders.

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Solaredge Technologies Company Profile

SolarEdge Technologies, Inc offers an inverter solution for a solar photovoltaic (PV) system. The Company’s products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. Its product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management.

Insider Buying and Selling by Quarter for Solaredge Technologies (NASDAQ:SEDG)

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