Analyst Rating Update on SolarEdge Technologies (SEDG)

SolarEdge Technologies (NASDAQ:SEDG) : 8 analysts are covering SolarEdge Technologies (NASDAQ:SEDG) and their average rating on the stock is 1.38, which is read as a Strong Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. SolarEdge Technologies (NASDAQ:SEDG) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

SolarEdge Technologies (NASDAQ:SEDG) : 7 investment research analysts covering SolarEdge Technologies (NASDAQ:SEDG) have an average price target of $35.14 for the near short term. The highest target price given by the Brokerage Firm to the stock is $38 and the lowest target is $28 for the short term. Analysts expect the variance to be within $3.39 of the average price.

For the current week, the company shares have a recommendation consensus of Buy. Also, Goldman Sachs downgrades their rating on the shares of SolarEdge Technologies (NASDAQ:SEDG). The current rating of the shares is Neutral. Earlier, the shares were rated a Buy by the brokerage firm. Equity Analysts at the Firm lowers the price target to $25 per share from $42 per share. The rating by the firm was issued on May 10, 2016.

SolarEdge Technologies (NASDAQ:SEDG): stock turned positive on Tuesday. Though the stock opened at $18.65, the bulls momentum made the stock top out at $19.55 level for the day. The stock recorded a low of $18.52 and closed the trading day at $19.41, in the green by 6.77%. The total traded volume for the day was 1,162,115. The stock had closed at $18.18 in the previous days trading.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (VP, Research and Development) of Solaredge Technologies Inc, Galin Yoav had sold 1,626 shares worth of $34,748 in a transaction dated June 2, 2016. In this transaction, 1,626 shares were sold at $21.37 per share.

Solaredge Technologies Inc (SolarEdge) is a provider of solar power harvesting and photovoltaic (PV) monitoring solutions. The Companys 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 Companys 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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