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Solaredge Technologies (NASDAQ: SEDG) will release earnings data after the market close on Thursday, August 2nd. Analysts expect Solaredge Technologies to post earnings of $ 0.84 per share for the quarter.
Solaredge Technologies (NASDAQ: SEDG) released its financial results for the last time on Wednesday, May 9th. The semiconductor company reported earnings per share of $ 0.87 for the quarter, exceeding Thomson Reuters' consensus estimate of $ 0.80 per $ 0.07. The company achieved a turnover of $ 209.90 million during the quarter, compared to the consensus estimate of $ 204.38 million. Solaredge Technologies reported a return on equity of 32.27% and a net margin of 15.06%. The business business figure for the quarter increased 82.4% over the same quarter last year. During the same period last year, the company posted earnings per share of $ 0.36. On average, badysts expect Solaredge Technologies to post earnings per share of $ 3 for the current fiscal year and earnings per share of $ 3 for the next fiscal year.
SEDG shares were opened Tuesday at $ 53.00. The stock has a market capitalization of $ 2.43 billion, a PE ratio of 23.56, a PEG ratio of 0.88 and a beta of -0.50. Solaredge Technologies has its lowest level in a year for $ 21.95 and its highest of $ 70.74 for a year.
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A number of equity badysts have weighed on the company. Canaccord Genuity set a price target of $ 66.00 on Solaredge Technologies and awarded a "buy" note to the stock in a report on Saturday May 12th. Roth Capital set a price target of $ 70.00 on Solaredge Technologies and awarded a "buy" rating to the stock in a report on Saturday, May 26. BidaskClub cut Solaredge Technologies from a "strong buy" rating to a "buy" note in a report on Friday, May 25th. B. Riley set a price target of $ 60.00 to Solaredge Technologies and awarded a "buy" rating to the title in a report released on Tuesday, May 8th. Finally, ValuEngine has reduced Solaredge Technologies from a "strong buy" rating to a "buy" note in a report on Wednesday, June 6th. Two badysts rated the stock with a sales note, four badigned a conservation rating and eleven gave a buy-to-action rating. Solaredge Technologies has a consensual rating of "Buy" and a consensus target price of $ 56.00.
Vice President Meir Adest sold 4,000 shares in a transaction on Monday, May 7. The stock was sold at an average price of $ 56.42, for a total transaction of $ 225,680.00. Following the completion of the transaction, the Vice-President now directly holds 10,417 shares of the Company, valued at approximately $ 587,727.14. The transaction was disclosed in a document filed with the SEC, accessible through this link. In addition, VP Lior Handelsman sold 59,298 shares in a transaction on Monday, May 14. The shares were sold at an average price of $ 68.77, for a total value of $ 4,077,923.46. As a result of the transaction, the Vice-President now owns 94,943 shares of the Company, valued at $ 6,529,230.11. The disclosure for this sale can be found here. During the last quarter, insiders sold 199,784 shares valued at $ 12,259,240. Insiders of the company own 9.70% of the shares of the company.
Company Profile Solaredge Technologies
SolarEdge Technologies, Inc. and Its Subsidiaries Design, Develop and Market Optimized DC (DC) Inverter Systems for Photovoltaic (PV) Installations in Israel , in the United States and the Netherlands. , Europe and internationally. The company's optimized DC inverters include power optimizers and inverters, as well as a cloud-based monitoring platform.
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