SolarEdge Technologies (SEDG) Shares are Up 5.45%

SolarEdge Technologies (SEDG) : Traders are bullish on SolarEdge Technologies (SEDG) as it has outperformed the S&P 500 by a wide margin of 0.02% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.27%, relative to the S&P 500. The stock has risen by 5.45% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.52% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 5.8% and the 50-Day Moving Average is 0.38%.The 200 Day SMA reached 22.95%

SolarEdge

SolarEdge Technologies (NASDAQ:SEDG): After opening at $17.14, the stock dipped to an intraday low of $16.85 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $17.355 and the buying power remained strong till the end. The stock closed at $17.23 for the day, a gain of 1.35% for the day session. The total traded volume was 640,111. The stocks close on the previous trading day was $17.23.

SolarEdge Technologies (SEDG) : The consensus price target for SolarEdge Technologies (SEDG) is $26.78 for the short term with a standard deviation of $5.24. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $38, however, the pessimist price target for the company is $22.

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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