On April 5, 2023,
Janney Montgomery Scott
initiated coverage of Solaredge Technologies with
a Buy recommendation.
Analyst Price Forecast Suggests 27.69% Upside
As of March 30, 2023,
the average one-year price target for Solaredge Technologies is $373.83.
The forecasts range from a low of $308.05 to a high of $474.60.
The average price target represents an increase of 27.69% from its latest reported closing price of $292.77.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Solaredge Technologies
is $4,101MM, an increase of 31.85%.
The projected annual non-GAAP EPS
is $8.57.
What are Other Shareholders Doing?
FSBDX – Fidelity Series Blue Chip Growth Fund
holds 22K shares
representing 0.04% ownership of the company.
In it’s prior filing, the firm reported owning 5K shares, representing
an increase
of 76.04%.
The firm
increased
its portfolio allocation in SEDG by 219.03% over the last quarter.
Brown Brothers Harriman &
holds 0K shares
representing 0.00% ownership of the company.
No change in the last quarter.
Jnl Series Trust – Jnl
holds 19K shares
representing 0.03% ownership of the company.
No change in the last quarter.
HGXAX – Hartford Global Impact Fund
holds 9K shares
representing 0.02% ownership of the company.
In it’s prior filing, the firm reported owning 6K shares, representing
an increase
of 36.12%.
The firm
increased
its portfolio allocation in SEDG by 87.40% over the last quarter.
AIEQ – AI Powered Equity ETF
holds 1K shares
representing 0.00% ownership of the company.
In it’s prior filing, the firm reported owning 1K shares, representing
an increase
of 3.10%.
The firm
increased
its portfolio allocation in SEDG by 69.49% over the last quarter.
What is the Fund Sentiment?
There are 1305 funds or institutions reporting positions in Solaredge Technologies.
This is an increase
of
56
owner(s) or 4.48% in the last quarter.
Average portfolio weight of all funds dedicated to SEDG is 0.46%,
an increase
of 16.14%.
Total shares owned by institutions increased
in the last three months by 3.52% to 51,520K shares.
The put/call ratio of SEDG is 1.09, indicating a
bearish
outlook.
Solaredge Technologies Background Information
(This description is provided by the company.)
SolarEdge is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power lives aof people and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, UPS, electric vehicle powertrains, and grid services solutions.
See all Solaredge Technologies regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
