Could SolarEdge Technologies, Inc. (SEDG) Change Direction After Touching All Time High?

February 21, 2018 - By Lynda A. Deweese

The stock of SolarEdge Technologies, Inc. (NASDAQ:SEDG) reached all time high today, Feb, 21 and still has $50.60 target or 4.00 % above today’s $48.65 share price. This indicates more upside for the $2.09B company. This technical setup was reported by Barchart.com. If the $50.60 PT is reached, the company will be worth $83.72 million 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 2.53% or $1.2 during the last trading session, reaching $48.65. About 804,959 shares traded or 1.89% up from the average. SolarEdge Technologies, Inc. (NASDAQ:SEDG) has declined 7.10% since February 21, 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 has $60.0 highest and $10 lowest target. $37.75’s average target is -22.40% below currents $48.65 stock price. SolarEdge Technologies had 67 analyst reports since August 13, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Tuesday, February 23 by JP Morgan. On Friday, July 28 the stock rating was maintained by Canaccord Genuity with “Buy”. The stock of SolarEdge Technologies, Inc. (NASDAQ:SEDG) has “Overweight” rating given on Wednesday, August 10 by Barclays Capital. The stock of SolarEdge Technologies, Inc. (NASDAQ:SEDG) has “Hold” rating given on Tuesday, August 18 by Zacks. The stock of SolarEdge Technologies, Inc. (NASDAQ:SEDG) has “Buy” rating given on Thursday, July 27 by Roth Capital. The firm has “Buy” rating given on Tuesday, September 5 by Cowen & Co. The firm has “Buy” rating given on Thursday, August 3 by Canaccord Genuity. FBR Capital upgraded SolarEdge Technologies, Inc. (NASDAQ:SEDG) on Thursday, November 9 to “Buy” rating. JP Morgan maintained SolarEdge Technologies, Inc. (NASDAQ:SEDG) rating on Thursday, February 15. JP Morgan has “Overweight” rating and $52 target. Roth Capital maintained the stock with “Buy” rating in Friday, November 3 report.

More notable recent SolarEdge Technologies, Inc. (NASDAQ:SEDG) news were published by: Fool.com which released: “Why SolarEdge Technologies Inc.’s Shares Popped 23% Today” on February 15, 2018, also Nasdaq.com with their article: “Zacks.com featured highlights include: Wolverine World, MarineMax, T-Mobile …” published on February 21, 2018, Nasdaq.com published: “SolarEdge Technologies Reaches Analyst Target Price” on February 16, 2018. More interesting news about SolarEdge Technologies, Inc. (NASDAQ:SEDG) were released by: Gurufocus.com and their article: “Solaredge Technologies Inc (SEDG) CEO Guy Sella Sold $9.1 million of Shares” published on February 17, 2018 as well as Nasdaq.com‘s news article titled: “Mid-Day Market Update: SolarEdge Technologies Gains Following Q4 Earnings Beat …” 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 $2.09 billion. The companyÂ’s DC optimized inverter systems include power optimizers, inverters, and cloud monitoring software. It has a 34.8 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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