Share

SolarEdge (SEDG) Stock Spikes on Record Revenue

The company has a market cap of $740.03 million and a P/E ratio of 30.96.

Advertisement

SolarEdge Technologies, Inc. (NASDAQ:SEDG): On Tuesday heightened volatility was witnessed in SolarEdge Technologies, Inc.

On the next page, we will discuss the metrics that have driven XPO Logistics Inc (NYSE:XPO) and Solaredge Technologies Inc (NASDAQ:SEDG) higher today. On the last day of trading company shares ended up at $113.25.

GAAP net diluted earnings per share (“EPS”) was $0.32, up from $0.21 in the prior quarter and up from $0.00 in the fiscal first quarter of 2015. Among them, Facebook Inc (NASDAQ:FB) and XPO Logistics Inc (NYSE:XPO) have advanced by over 5% in early trading, while Solaredge Technologies Inc (NASDAQ:SEDG) has surged by over 22%. During the fiscal first quarter, the Company generated $5.9 million from operating activities.

A number of brokerages have recently weighed in on SEDG. Strong buy was given by 4 Wall Street Analysts. During 52-week, the lowest price at which share traded was $24.26 and reached the highest price at $43.43. Canaccord Genuity reiterated a buy rating and set a $45.00 price target (up previously from $43.00) on shares of Solaredge Technologies in a report on Thursday, August 13th.

Investors from our database like Facebook Inc (NASDAQ:FB), which ranked as their third-most popular stock, with 133 funds reporting long positions in it as of the end of June.

SolarEdge Technologies, Inc. (NASDAQ:SEDG) should head towards $37.07 per share according to 7 Analysts in consensus. The Company’s portfolio of products includes PV inverters power optimizers and a Web portal for module -level observation and fault detection. The 52-week low of the share price is at $15.6.

Receive News & Ratings for Solaredge Technologies Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Solaredge Technologies and related companies with MarketBeat.com’s FREE daily email newsletter. Its SolarEdge power optimizer is a DC/DC converter which is connected by installers to each PV module or embedded by module manufacturers, replacing the solar junction box. Its SolarEdge DC-AC PV inverter works with the SolarEdge electricity optimizers. Its SolarEdge PV Monitoring Portal is a Web-based application that delivers module-level, string- degree and system-wide tracking.

Advertisement

Now what: SolarEdge is riding the growth in residential solar in the U.S.by expanding partnerships with the industry’s biggest companies: Vivint Solar and SolarCity.

SolarEdge (SEDG) Stock Spikes on Record Revenue