SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) is anticipated to post its Q4 2024 quarterly earnings results before the market opens on Wednesday, February 19th. Analysts expect SolarEdge Technologies to post earnings of ($1.52) per share and revenue of $189.23 million for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.
SolarEdge Technologies Stock Down 7.3 %
Shares of SEDG traded down $1.44 during midday trading on Thursday, reaching $18.19. 9,041,157 shares of the stock were exchanged, compared to its average volume of 4,921,533. The company has a market cap of $1.05 billion, a price-to-earnings ratio of -0.63 and a beta of 1.56. The firm has a 50 day simple moving average of $14.40 and a 200-day simple moving average of $17.29. The company has a quick ratio of 1.46, a current ratio of 2.34 and a debt-to-equity ratio of 0.39. SolarEdge Technologies has a 12-month low of $10.24 and a 12-month high of $78.40.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on SEDG shares. Glj Research upgraded shares of SolarEdge Technologies from a "strong sell" rating to a "strong-buy" rating in a research note on Tuesday, December 17th. Truist Financial lowered their price objective on SolarEdge Technologies from $15.00 to $14.00 and set a "hold" rating on the stock in a report on Thursday, January 16th. TD Cowen decreased their target price on SolarEdge Technologies from $16.00 to $11.00 and set a "hold" rating for the company in a research report on Thursday, November 7th. Roth Mkm reduced their price objective on shares of SolarEdge Technologies from $20.00 to $12.00 and set a "neutral" rating for the company in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. lowered their price target on SolarEdge Technologies from $21.00 to $19.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd. Nine research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $21.53.
Read Our Latest Analysis on SEDG
SolarEdge Technologies Company Profile
(
Get Free Report)
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.
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