Why Has FBR Capital Given SolarEdge Technologies (NASDAQ:SEDG) a $36 Price Target
Researchers at FBR Capital placed a key “Outperform” rating for SolarEdge Technologies (NASDAQ:SEDG). The firm have begun coverage in a recent research report revealed on Friday, 18 December. The Estimated Target Price may suggest upside of 38.04% from the price per share.
From a total of 8 analysts covering SolarEdge Technologies (NASDAQ:SEDG) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $34 while the lowest target price is $25. The mean of all analyst targets is $29.5 with a 22.97% above today’s ($26.08) stock price. SolarEdge Technologies was the topic of 14 analyst reports since August 13, 2015 according to the firm StockzIntelligence Inc. Needham maintained shares on November 5 with “Buy” rating. Zacks upgraded shares to “Hold” rating and $32 target share price in a report from an August 18. TH Capital maintained SEDG stock in a recent report from November 2 with “Buy” rating. Finally, Deutsche Bank maintained the stock with “Buy” rating in a report issued on a September 6.
The stock increased 1.28% or $0.33 during the last trading session, striking $26.08. Approximately 200 shares of stock traded hands. Solaredge Technologies Inc (NASDAQ:SEDG) has declined 30.17% since May 15, 2015 and is downtrending. It has underperformed by 26.37% the S&P500.
Solaredge Technologies Inc is a well-known provider of solar power harvesting and photovoltaic (PV) monitoring solutions. The company has a market cap of $1.01 billion. The Company’s portfolio of products includes power optimizers, PV inverters and a Web portal for module-level monitoring and fault detection. It has 32.07 P/E ratio. The Company’s 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.
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.”