SolarEdge Technologies, Inc. (NASDAQ:SEDG).
Craig-Hallum initiated coverage on the stock with an initial rating of “Sell”. On November 10, 2016 the stock rating was set at “Neutral” by FBR Capital down from the previous “Outperform” rating.
On November 10 the company was downgraded to “Neutral” from “Buy” by analysts at Roth Capital. On November 10 the company was rated “Market Perform” in a report from JMP Securities which is down from the previous “Outperform” rating.
Equity analyst Axiom Capial added SEDG to its research portfolio setting a rating of “Sell”.
The company is down by -1.16% since yesterday’s close of $21.6. The stock last traded at $21.35 barely above $19.03, the stock’s 50 day moving average and just above the 200 day moving average of $15.51. The 50 day moving average moved up $2.45 and the 200 day average moved up $5.96.
SolarEdge Technologies, Inc., launched on August 7, 2006, offers an inverter solution for a solar photovoltaic (PV) system. The Business’s products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. Its product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management. The Business’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 Business’s solution consists of a direct current (DC) power optimizer, an inverter and a cloud-based monitoring platform that operates as a single integrated system..
The P/E ratio is 21.347 and the market value is 892.37M. In the last earnings report the EPS was $1.01 and is projected to be $1.42 for the current year with 41,554,000 shares now outstanding. Analysts expect next quarter’s EPS to be $0.37 and the next full year EPS is anticipated to be $1.56.
Investors are more bullish on the company lately as implied by the decrease in short interest. The stock saw a fall in short interest of -11.89% as of the latest report on May 15, 2017. Short shares decreased 709,392 over that period. With short interest at 5,258,871 and short average daily volume at 632,505, the short-interest ratio is 8.3 and the percentage of shorted shares is 0.13% as of May 15.