Solaredge Technologies (SEDG) Receiving Somewhat Positive News Coverage, Accern Reports

Media coverage about Solaredge Technologies (NASDAQ:SEDG) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Solaredge Technologies earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave press coverage about the semiconductor company an impact score of 44.3333744232893 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news stories that may have impacted Accern’s analysis:

Solaredge Technologies (SEDG) opened at $38.20 on Thursday. Solaredge Technologies has a 1-year low of $12.15 and a 1-year high of $39.90. The company has a market cap of $1,650.00 and a PE ratio of 23.45.

Several brokerages recently weighed in on SEDG. ValuEngine downgraded shares of Solaredge Technologies from a “buy” rating to a “hold” rating in a report on Friday, October 27th. B. Riley raised shares of Solaredge Technologies from a “neutral” rating to a “buy” rating and upped their target price for the stock from $18.00 to $45.00 in a report on Thursday, November 9th. J P Morgan Chase & Co upped their target price on shares of Solaredge Technologies to $43.00 and gave the stock an “overweight” rating in a report on Thursday, November 9th. Zacks Investment Research raised shares of Solaredge Technologies from a “hold” rating to a “strong-buy” rating and set a $44.00 target price for the company in a report on Tuesday, November 14th. Finally, Roth Capital set a $30.00 target price on shares of Solaredge Technologies and gave the stock a “buy” rating in a report on Sunday, October 15th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $34.19.

In other Solaredge Technologies news, VP Yoav Galin sold 15,000 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $28.64, for a total transaction of $429,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ronen Faier sold 30,000 shares of the stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $28.56, for a total transaction of $856,800.00. Following the transaction, the chief financial officer now directly owns 80,000 shares of the company’s stock, valued at approximately $2,284,800. The disclosure for this sale can be found here. Insiders have sold a total of 163,288 shares of company stock valued at $5,570,790 in the last three months. Insiders own 16.40% of the company’s stock.

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About Solaredge Technologies

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.

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