SolarEdge Technologies (SEDG) Projected to Post Quarterly Earnings on Wednesday

SolarEdge Technologies (NASDAQ:SEDG) will likely be releasing its earnings data 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. Persons interested in registering for the company’s earnings conference call can do so using this link.

SolarEdge Technologies Stock Performance

NASDAQ SEDG opened at $16.36 on Tuesday. The stock has a market capitalization of $948.06 million, a price-to-earnings ratio of -0.56 and a beta of 1.56. SolarEdge Technologies has a twelve month low of $10.24 and a twelve month high of $87.98. The company has a current ratio of 2.34, a quick ratio of 1.46 and a debt-to-equity ratio of 0.39. The stock has a 50-day moving average of $14.24 and a 200 day moving average of $17.33.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. TD Cowen reduced their target price on SolarEdge Technologies from $16.00 to $11.00 and set a “hold” rating for the company in a report on Thursday, November 7th. Barclays increased their price target on SolarEdge Technologies from $7.00 to $10.00 and gave the company an “underweight” rating in a report on Tuesday, January 14th. Guggenheim upgraded SolarEdge Technologies from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. Mizuho lowered SolarEdge Technologies from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $35.00 to $11.00 in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group raised their price target on SolarEdge Technologies from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Eight equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, SolarEdge Technologies presently has an average rating of “Hold” and a consensus target price 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.