Today SolarEdge Technologies (NASDAQ:SEDG) Has Been Upgraded by B.Riley FBR to a Buy

February 15, 2018 - By Ellis Scott

  Today SolarEdge Technologies (NASDAQ:SEDG) Has Been Upgraded by B.Riley FBR to a Buy

SolarEdge Technologies (NASDAQ:SEDG) Stock Upgrade

B.Riley FBR has raised shares of SolarEdge Technologies (NASDAQ:SEDG) to a respectable Buy rating in analysts report revealed today, and has set a 12month PT of $45.0, which is -0.99 % from SEDG’s share price currently.

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 has $55.0 highest and $10 lowest target. $33.13’s average target is -27.11% below currents $45.45 stock price. SolarEdge Technologies had 62 analyst reports since August 13, 2015 according to SRatingsIntel. Cowen & Co maintained the stock with “Buy” rating in Tuesday, September 5 report. Roth Capital upgraded SolarEdge Technologies, Inc. (NASDAQ:SEDG) rating on Thursday, July 27. Roth Capital has “Buy” rating and $26 target. The rating was initiated by FBR Capital on Friday, December 18 with “Outperform”. The stock of SolarEdge Technologies, Inc. (NASDAQ:SEDG) has “Market Outperform” rating given on Friday, August 14 by Avondale. The rating was maintained by Barclays Capital with “Overweight” on Wednesday, August 10. The firm earned “Perform” rating on Wednesday, September 9 by Oppenheimer. Barclays Capital initiated the stock with “Overweight” rating in Monday, April 4 report. FBR Capital downgraded the shares of SEDG in report on Thursday, November 10 to “Mkt Perform” rating. The company was downgraded on Friday, October 7 by Goldman Sachs. Oppenheimer upgraded SolarEdge Technologies, Inc. (NASDAQ:SEDG) on Tuesday, July 18 to “Buy” rating.

The stock increased 23.17% or $8.55 during the last trading session, reaching $45.45. About 3.58 million shares traded or 413.20% 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., 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 $1.96 billion. The companyÂ’s DC optimized inverter systems include power optimizers, inverters, and cloud monitoring software. It has a 32.51 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.

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

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