Solaredge Technologies (SEDG) Receives Daily News Sentiment Score of 0.13

Media coverage about Solaredge Technologies (NASDAQ:SEDG) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Solaredge Technologies earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the semiconductor company an impact score of 43.4106915647281 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the headlines that may have impacted Accern’s rankings:

Solaredge Technologies (SEDG) opened at $36.30 on Friday. Solaredge Technologies has a one year low of $12.25 and a one year high of $39.90. The firm has a market cap of $1,561.37, a price-to-earnings ratio of 22.00, a PEG ratio of 0.78 and a beta of 0.17.

SEDG has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Solaredge Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Roth Capital set a $30.00 target price on shares of Solaredge Technologies and gave the company a “buy” rating in a research note on Sunday, October 15th. ValuEngine downgraded shares of Solaredge Technologies from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. JPMorgan Chase & Co. boosted their target price on shares of Solaredge Technologies from $31.00 to $37.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Finally, Canaccord Genuity reissued a “buy” rating and set a $36.00 target price (up from $30.00) on shares of Solaredge Technologies in a research note on Monday, November 6th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $34.19.

In other news, CFO Ronen Faier sold 33,032 shares of the company’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $39.02, for a total value of $1,288,908.64. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Lior Handelsman sold 25,000 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $38.10, for a total transaction of $952,500.00. Following the completion of the transaction, the vice president now directly owns 152,950 shares in the company, valued at $5,827,395. The disclosure for this sale can be found here. Insiders sold 166,320 shares of company stock worth $6,139,399 over the last ninety days. 16.40% of the stock is currently owned by company insiders.

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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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