New Harbor Financial Group buys $793,607 stake in Solaredge Technologies Inc (SEDG)

Solaredge Technologies Inc (SEDG) : New Harbor Financial Group scooped up 18,500 additional shares in Solaredge Technologies Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 41,420 shares of Solaredge Technologies Inc which is valued at $793,607.Solaredge Technologies Inc makes up approximately 1.09% of New Harbor Financial Group’s portfolio.

Other Hedge Funds, Including , Beacon Financial Group reduced its stake in SEDG by selling 206 shares or 1.03% in the most recent quarter. The Hedge Fund company now holds 19,780 shares of SEDG which is valued at $389,468. Solaredge Technologies Inc makes up approx 0.08% of Beacon Financial Group’s portfolio.Creative Planning boosted its stake in SEDG in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 3,250 shares of Solaredge Technologies Inc which is valued at $63,993. Dnb Asset Management As sold out all of its stake in SEDG during the most recent quarter. The investment firm sold 196,715 shares of SEDG which is valued $3,871,351.Bnp Paribas Arbitrage Sa reduced its stake in SEDG by selling 16,990 shares or 99.98% in the most recent quarter. The Hedge Fund company now holds 3 shares of SEDG which is valued at $59.

Solaredge Technologies Inc opened for trading at $18.78 and hit $19.39 on the upside on Wednesday, eventually ending the session at $19.16, with a gain of 2.73% or 0.51 points. The heightened volatility saw the trading volume jump to 6,03,868 shares. Company has a market cap of $780 M.

On the company’s financial health, Solaredge Technologies Inc reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on May 9, 2016. Analyst had a consensus of $0.41. The company had revenue of $125.20 million for the quarter, compared to analysts expectations of $123.23 million. The company’s revenue was up 44.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.

Many Wall Street Analysts have commented on Solaredge Technologies Inc. Shares were Reiterated by Needham on May 10, 2016 to “Buy” and Lowered the Price Target to $ 36 from a previous price target of $38 .

Solaredge Technologies Inc (SolarEdge) is a provider of solar power harvesting and photovoltaic (PV) monitoring solutions. The Company’s portfolio of products includes power optimizers PV inverters and a Web portal for module-level monitoring and fault detection. 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 power optimizers. Its SolarEdge PV Monitoring Portal is a Web-based application that provides module-level string-level and system-wide monitoring. The Company’s customers include providers of solar PV systems to residential and commercial end users such as SolarCity SunRun Inc. and Vivint Solar Inc.

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