Solaredge Technologies Inc (NASDAQ:SEDG) has been downgraded to Sell in a report by Goldman Sachs Group Inc. today.
- Updated: October 6, 2016
Goldman Sachs Group Inc. has downgraded Solaredge Technologies Inc (NASDAQ:SEDG) to Sell in a report released on 10/06/2016.
Previously on 09/14/2016, Needham reported about Solaredge Technologies Inc (NASDAQ:SEDG) lowered the target price from $28.00 to $25.00. At the time, this indicated a possible upside of 0.48%.
Yesterday Solaredge Technologies Inc (NASDAQ:SEDG) traded 0.23% higher at $17.22. The company’s 50-day moving average is $16.73 and its 200-day moving average is $20.29. The last stock close price is down -15.14% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 664,009 shares of the stock were exchanged, down from an average trading volume of 893,654
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Solaredge Technologies Inc has a 52 week low of $14.41 and a 52 week high of $30.50 with a P/E ratio of 9.95 The company’s market cap is currently $0.
In addition to Goldman Sachs Group Inc. reporting its target price, a total of 11 firms have issued a report on the stock. The consensus target price is $31.91 with 3 firms rating the stock a strong buy, 8 firms rating the stock a buy, 1 firm rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Solaredge Technologies Inc (NASDAQ:SEDG)
SolarEdge Technologies, Inc. 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. Its 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. The Company'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.
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