Can Solaredge Technologies Inc (NASDAQ:SEDG)’s Tomorrow Be Different? The Stock Had Decline in Shorts

July 12, 2018 - By Christine McCrea

SolarEdge Technologies, Inc. (NASDAQ:SEDG) Logo

The stock of Solaredge Technologies Inc (NASDAQ:SEDG) registered a decrease of 6.1% in short interest. SEDG’s total short interest was 3.39 million shares in July as published by FINRA. Its down 6.1% from 3.61M shares, reported previously. With 604,900 shares average volume, it will take short sellers 6 days to cover their SEDG’s short positions. The short interest to Solaredge Technologies Inc’s float is 11.99%.

The stock increased 1.06% or $0.55 during the last trading session, reaching $52.45. About 18,566 shares traded. SolarEdge Technologies, Inc. (NASDAQ:SEDG) has risen 212.73% since July 12, 2017 and is uptrending. It has outperformed by 200.16% the S&P500.

SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, and sells direct current optimized inverter systems for solar photovoltaic (PV) installations in Israel, Europe, the United States, and internationally. The company has market cap of $2.36 billion. The companyÂ’s DC optimized inverter systems include power optimizers, inverters, and cloud monitoring software. It has a 23 P/E ratio. The Company’s products are used in a range of solar market divisions, including residential, commercial, and small utility-scale solar installations.

SolarEdge Technologies, Inc. (NASDAQ:SEDG) Ratings Coverage

Among 11 analysts covering SolarEdge Technologies Inc (NASDAQ:SEDG), 8 have Buy rating, 1 Sell and 2 Hold. Therefore 73% are positive. SolarEdge Technologies Inc had 16 analyst reports since February 15, 2018 according to SRatingsIntel. Canaccord Genuity maintained SolarEdge Technologies, Inc. (NASDAQ:SEDG) on Monday, February 26 with “Buy” rating. The firm has “Hold” rating by Deutsche Bank given on Tuesday, March 27. Needham maintained the shares of SEDG in report on Thursday, February 15 with “Buy” rating. The firm has “Buy” rating given on Thursday, February 15 by Roth Capital. The firm has “Buy” rating by Roth Capital given on Thursday, March 22. Deutsche Bank maintained SolarEdge Technologies, Inc. (NASDAQ:SEDG) rating on Thursday, February 15. Deutsche Bank has “Hold” rating and $45 target. The company was maintained on Tuesday, May 8 by FBR Capital. The firm has “Buy” rating given on Thursday, February 15 by Cowen & Co. The rating was upgraded by Vertical Research on Thursday, February 15 to “Buy”. The stock of SolarEdge Technologies, Inc. (NASDAQ:SEDG) has “Market Perform” rating given on Thursday, May 10 by JMP Securities.

More recent SolarEdge Technologies, Inc. (NASDAQ:SEDG) news were published by: Nasdaq.com which released: “This High-Growth Renewable Energy Stock Is Down 21.1% in a Month. Is It a Buy?” on July 06, 2018. Also Benzinga.com published the news titled: “Jim Cramer Shares His Thoughts On Home Depot, Celgene And More” on July 10, 2018. Seekingalpha.com‘s news article titled: “SolarEdge alleges patent infringement in lawsuit against Huawei” with publication date: June 20, 2018 was also an interesting one.

SolarEdge Technologies, Inc. (NASDAQ:SEDG) Ratings Chart

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