SolarEdge Technologies (NASDAQ:SEDG) has been downgraded from Neutral to Sell in a statement by Goldman Sachs earlier today.
- Updated: October 7, 2016
Goldman Sachs has downgraded SolarEdge Technologies (NASDAQ:SEDG) from Neutral to Sell in a statement released on 10/7/2016.
Having a price of $17.22, SolarEdge Technologies (NASDAQ:SEDG) traded 0.23% higher on the day. The last stock price is down -15.14% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. SEDG has recorded a 50-day moving average of $16.73 and a 200-day moving average of $20.29. 664,009 shares of the stock were exchanged, down from an average trading volume of 893,654
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SolarEdge Technologies 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 reporting its target price, a total of 11 brokers have issued a report on the stock. The consensus target price is $31.91 with 3 brokers rating the stock a strong buy, 8 brokers rating the stock a buy, 1 broker rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About SolarEdge Technologies (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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