Could SolarEdge Technologies, Inc. (SEDG) Go Down After Making Record High?

February 15, 2018 - By Adrian Mccoy

The stock of SolarEdge Technologies, Inc. (NASDAQ:SEDG) reached all time high today, Feb, 15 and still has $46.49 target or 4.00 % above today’s $44.70 share price. This indicates more upside for the $1.92B company. This technical setup was reported by Barchart.com. If the $46.49 PT is reached, the company will be worth $76.92M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 21.14% or $7.8 during the last trading session, reaching $44.7. About 3.06 million shares traded or 338.74% up from the average. SolarEdge Technologies, Inc. (NASDAQ:SEDG) has declined 7.10% since February 15, 2017 and is downtrending. It has underperformed by 23.80% the S&P500.

SolarEdge Technologies, Inc. (NASDAQ:SEDG) Ratings Coverage

Among 19 analysts covering SolarEdge Technologies (NASDAQ:SEDG), 14 have Buy rating, 4 Sell and 1 Hold. Therefore 74% are positive. SolarEdge Technologies had 65 analyst reports since August 13, 2015 according to SRatingsIntel. The stock of SolarEdge Technologies, Inc. (NASDAQ:SEDG) has “Buy” rating given on Thursday, July 13 by Cowen & Co. The firm has “Mkt Perform” rating by JMP Securities given on Thursday, November 10. The rating was maintained by TH Capital on Thursday, August 13 with “Buy”. Avondale upgraded SolarEdge Technologies, Inc. (NASDAQ:SEDG) on Friday, August 14 to “Market Outperform” rating. Roth Capital downgraded SolarEdge Technologies, Inc. (NASDAQ:SEDG) on Thursday, November 10 to “Neutral” rating. The stock of SolarEdge Technologies, Inc. (NASDAQ:SEDG) has “Buy” rating given on Thursday, August 3 by Oppenheimer. The rating was maintained by Needham with “Buy” on Thursday, September 17. The rating was initiated by Oppenheimer on Wednesday, September 9 with “Perform”. The firm earned “Overweight” rating on Thursday, August 3 by Barclays Capital. Needham maintained SolarEdge Technologies, Inc. (NASDAQ:SEDG) rating on Thursday, February 15. Needham has “Buy” rating and $55.0 target.

More important recent SolarEdge Technologies, Inc. (NASDAQ:SEDG) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For February 15, 2018” on February 15, 2018, also Benzinga.com published article titled: “Mid-Day Market Update: SolarEdge Technologies Gains Following Q4 Earnings Beat …”, Stockhouse.com published: “SolarEdge Technologies, Inc. to Host Earnings Call” on February 14, 2018. More interesting news about SolarEdge Technologies, Inc. (NASDAQ:SEDG) was released by: Nasdaq.com and their article: “SolarEdge Technologies Inc. (SEDG) Has Surged To A New High On Q4 Results” with publication date: February 15, 2018.

SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, and sells direct current optimized inverter systems for solar photovoltaic (PV) installations in Israel, Europe, the United States, and internationally. The company has market cap of $1.92 billion. The companyÂ’s DC optimized inverter systems include power optimizers, inverters, and cloud monitoring software. It has a 31.97 P/E ratio. The Company’s products are used in a range of solar market divisions, including residential, commercial, and small utility-scale solar installations.

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