Important Rating: Barclays Reaffirms $17.0 Target Price On SolarEdge Technologies (SEDG), Reaffirms Overweight Rating

November 23, 2016 - By Peter Erickson

Important Rating: Barclays Reaffirms $17.0 Target Price On SolarEdge Technologies (SEDG), Reaffirms Overweight Rating

SolarEdge Technologies (SEDG) Rating

In analysts note sent to investors on Tuesday morning, SolarEdge Technologies (SEDG) stock had its Overweight Rating reiterated by research analysts at Barclays. They currently have a $17.0 target on company. Barclays’s target indicates a potential upside of 34.39% from the company’s previous stock close.

Solaredge Technologies Inc (NASDAQ:SEDG) Ratings Coverage

Out of 7 analysts covering SolarEdge Technologies (SEDG), 3 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 43% are positive. $25.0 is the highest target while $17.0 is the lowest. The $19.67 average target is 54.27% above today’s ($12.75) stock price. SolarEdge Technologies has been the topic of 7 analyst reports since September 8, 2016 according to StockzIntelligence Inc. Barclays Capital maintained it with “Overweight” rating and $17.0 target price in Tuesday, November 22 report. The stock has “Sell” rating given by Craig Hallum on Tuesday, November 15. JMP Securities initiated Solaredge Technologies Inc (NASDAQ:SEDG) on Thursday, September 8 with “Mkt Outperform” rating. On Thursday, November 10 the stock rating was downgraded by FBR Capital to “Mkt Perform”. On Friday, October 7 the stock rating was downgraded by Goldman Sachs to “Sell”. The firm has “Neutral” rating given on Thursday, November 10 by Roth Capital. On Wednesday, September 14 the stock rating was maintained by Needham with “Buy”.

The stock increased 0.79% or $0.1 during the last trading session, hitting $12.75. Solaredge Technologies Inc (SEDG) has declined 54.24% since April 21, 2016 and is downtrending. It has underperformed by 59.56% the S&P500.

SolarEdge Technologies, Inc. offers an inverter solution for a solar photovoltaic system. The company has a market cap of $511.43 million. The Company’s products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. It has a 7.25 P/E ratio. The Company’s product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management.

According to Zacks Investment Research, “SolarEdge Technologies, Inc. provides inverter solution. The company’s SolarEdge system offers power optimizers, inverters and a cloud-based monitoring platform. It serves residential solar installations to commercial and small utility-scale solar installations. SolarEdge Technologies, Inc. is headquartered in Hod Hasharon, Israel.”

SEDG Company Profile

SolarEdge Technologies, Inc., incorporated on August 7, 2006, offers an inverter solution for a solar photovoltaic (PV) system. The Company’s products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. The Company’s product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management. The Company’s power optimizers provide module-level maximum power point (MPP) tracking and real-time adjustments of current and voltage to the optimal working point of each individual PV module. This enables each PV module to continuously produce its maximum power potential independent of other modules in the same string, thus minimizing module mismatch and partial shading losses. By performing these adjustments at a high rate, its power optimizers also solve the dynamic MPP losses associated with traditional inverters. The Company’s solution consists of a direct current (DC) power optimizer, an inverter and a cloud monitoring platform that operates as a single integrated system.

More notable recent Solaredge Technologies Inc (NASDAQ:SEDG) news were published by: Fool.com which released: “Why SolarEdge Technologies Inc’s Shares Fell 19% Today” on November 10, 2016, also Fool.com with their article: “The Biggest Problem With SolarEdge Technologies Inc. Stock” published on April 01, 2016, Fool.com published: “Can SolarEdge Technologies Inc. Break Into Energy Storage?” on July 19, 2016. More interesting news about Solaredge Technologies Inc (NASDAQ:SEDG) were released by: Fool.com and their article: “Why SolarEdge Technologies Inc.’s Shares Fell 22% Today” published on May 10, 2016 as well as Valuewalk.com‘s news article titled: “SolarCity Corp Beats Estimates, SolarEdge Technologies Inc, Misses On Sales” with publication date: August 09, 2016.

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