SolarEdge Technologies, Inc. (SEDG) Stock Price Hits All Time High Today

February 15, 2018 - By Jacob Falcon

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 3.06M 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. Goldman Sachs downgraded the shares of SEDG in report on Friday, October 7 to “Sell” rating. Craig Hallum initiated SolarEdge Technologies, Inc. (NASDAQ:SEDG) on Tuesday, November 15 with “Sell” rating. Goldman Sachs downgraded the stock to “Neutral” rating in Tuesday, May 10 report. On Monday, November 27 the stock rating was downgraded by Deutsche Bank to “Hold”. Needham maintained SolarEdge Technologies, Inc. (NASDAQ:SEDG) on Thursday, September 17 with “Buy” rating. The firm has “Buy” rating given on Thursday, November 9 by Roth Capital. On Thursday, November 10 the stock rating was downgraded by FBR Capital to “Mkt Perform”. Cowen & Co maintained SolarEdge Technologies, Inc. (NASDAQ:SEDG) on Thursday, November 9 with “Buy” rating. The rating was maintained by Roth Capital with “Buy” on Tuesday, September 1. The firm has “Hold” rating by Zacks given on Tuesday, August 18.

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