Media coverage about Solaredge Technologies (NASDAQ:SEDG) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Solaredge Technologies earned a coverage optimism score of 0.02 on Accern’s scale. Accern also gave news coverage about the semiconductor company an impact score of 45.3621264587956 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Solaredge Technologies (SEDG) traded up $0.50 during trading hours on Tuesday, hitting $38.05. The stock had a trading volume of 406,635 shares, compared to its average volume of 321,400. The firm has a market capitalization of $1,640.00 and a P/E ratio of 22.92. Solaredge Technologies has a 12 month low of $12.25 and a 12 month high of $39.90.
Several analysts recently commented on SEDG shares. Needham & Company LLC raised their target price on Solaredge Technologies from $30.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. B. Riley upgraded Solaredge Technologies from a “neutral” rating to a “buy” rating and raised their target price for the company from $18.00 to $45.00 in a research report on Thursday, November 9th. Canaccord Genuity reaffirmed a “buy” rating and set a $36.00 price target (up from $30.00) on shares of Solaredge Technologies in a research note on Monday, November 6th. Roth Capital set a $30.00 price target on Solaredge Technologies and gave the company a “buy” rating in a research note on Sunday, October 15th. Finally, BidaskClub lowered Solaredge Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 2nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $34.19.
In related news, VP Yoav Galin sold 10,000 shares of Solaredge Technologies stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $32.82, for a total transaction of $328,200.00. Following the sale, the vice president now directly owns 35,000 shares of the company’s stock, valued at $1,148,700. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Lior Handelsman sold 25,000 shares of Solaredge Technologies stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $38.10, for a total value of $952,500.00. Following the sale, the vice president now directly owns 152,950 shares in the company, valued at $5,827,395. The disclosure for this sale can be found here. Over the last three months, insiders have sold 118,288 shares of company stock worth $4,284,390. 16.40% of the stock is owned by company 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.
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