SolarEdge Technologies (NASDAQ:SEDG – Get Rating) will release its earnings data after the market closes on Monday, May 2nd. Analysts expect SolarEdge Technologies to post earnings of $0.85 per share for the quarter. SolarEdge Technologies has set its Q1 2022 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.
SolarEdge Technologies (NASDAQ:SEDG – Get Rating) last posted its quarterly earnings data on Tuesday, February 15th. The semiconductor company reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.28). The company had revenue of $551.92 million for the quarter, compared to analyst estimates of $548.66 million. SolarEdge Technologies had a net margin of 8.61% and a return on equity of 13.59%. During the same period in the prior year, the company earned $0.33 EPS. On average, analysts expect SolarEdge Technologies to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Shares of SEDG stock opened at $251.58 on Monday. The firm’s 50-day simple moving average is $302.56 and its 200-day simple moving average is $297.25. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.26 and a quick ratio of 2.53. SolarEdge Technologies has a 1-year low of $199.33 and a 1-year high of $389.71. The firm has a market cap of $13.29 billion, a P/E ratio of 81.95, a PEG ratio of 2.09 and a beta of 0.96.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC increased its stake in SolarEdge Technologies by 9.0% during the fourth quarter. Parametric Portfolio Associates LLC now owns 91,165 shares of the semiconductor company’s stock valued at $25,578,000 after purchasing an additional 7,493 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of SolarEdge Technologies by 39.3% in the 4th quarter. California State Teachers Retirement System now owns 63,927 shares of the semiconductor company’s stock valued at $17,936,000 after buying an additional 18,023 shares during the period. State of Tennessee Treasury Department grew its position in shares of SolarEdge Technologies by 76.8% during the 4th quarter. State of Tennessee Treasury Department now owns 28,712 shares of the semiconductor company’s stock valued at $8,055,000 after buying an additional 12,475 shares during the last quarter. Marshall Wace LLP raised its stake in SolarEdge Technologies by 20.1% during the fourth quarter. Marshall Wace LLP now owns 23,165 shares of the semiconductor company’s stock worth $6,500,000 after acquiring an additional 3,880 shares during the period. Finally, Toroso Investments LLC lifted its holdings in SolarEdge Technologies by 6.3% in the fourth quarter. Toroso Investments LLC now owns 14,308 shares of the semiconductor company’s stock worth $4,014,000 after acquiring an additional 842 shares during the last quarter. Hedge funds and other institutional investors own 71.29% of the company’s stock.
A number of equities analysts have weighed in on the stock. Credit Suisse Group reaffirmed a “buy” rating and set a $303.00 price target on shares of SolarEdge Technologies in a research note on Friday, March 18th. UBS Group lifted their target price on SolarEdge Technologies from $280.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, February 16th. Northland Securities dropped their price target on SolarEdge Technologies from $210.00 to $184.00 and set an “underperform” rating for the company in a research note on Tuesday, February 22nd. Stephens began coverage on SolarEdge Technologies in a research note on Wednesday, April 13th. They issued an “overweight” rating and a $490.00 price objective on the stock. Finally, BMO Capital Markets boosted their target price on SolarEdge Technologies from $370.00 to $405.00 and gave the stock an “outperform” rating in a report on Wednesday, March 30th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $353.26.
SolarEdge Technologies Company Profile (Get Rating)
SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. It operates through five segments: Solar, Energy Storage, e-Mobility, Critical Power, and Automation Machines. The company offers inverters, power optimizers, communication devices, and smart energy management solutions used in residential, commercial, and small utility-scale solar installations; and a cloud-based monitoring platform that collects and processes information from the power optimizers and inverters, as well as monitors and manages the solar PV system.
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