SolarEdge Technologies (SEDG) Scheduled to Post Earnings on Wednesday

SolarEdge Technologies (NASDAQ:SEDG) will post its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect SolarEdge Technologies to post earnings of ($1.56) per share for the quarter. SolarEdge Technologies has set its Q2 2024 guidance at EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly earnings data on Wednesday, May 8th. The semiconductor company reported ($2.42) EPS for the quarter, missing analysts’ consensus estimates of ($2.07) by ($0.35). SolarEdge Technologies had a negative return on equity of 6.43% and a negative net margin of 11.68%. The firm had revenue of $204.40 million during the quarter, compared to the consensus estimate of $194.82 million. On average, analysts expect SolarEdge Technologies to post $-7 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

SolarEdge Technologies Price Performance

Shares of SEDG stock opened at $25.02 on Tuesday. The stock has a 50 day moving average of $33.39 and a two-hundred day moving average of $54.07. The company has a current ratio of 4.54, a quick ratio of 2.19 and a debt-to-equity ratio of 0.30. SolarEdge Technologies has a 12 month low of $23.21 and a 12 month high of $186.79. The company has a market capitalization of $1.43 billion, a P/E ratio of -5.38 and a beta of 1.52.

Analyst Ratings Changes

A number of analysts have commented on the company. Roth Mkm reduced their price objective on SolarEdge Technologies from $55.00 to $27.00 and set a “neutral” rating for the company in a research report on Tuesday, July 23rd. Wells Fargo & Company dropped their price target on SolarEdge Technologies from $62.00 to $29.00 and set an “equal weight” rating for the company in a report on Tuesday, July 2nd. Piper Sandler raised their price target on SolarEdge Technologies from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Morgan Stanley dropped their price target on SolarEdge Technologies from $83.00 to $41.00 and set an “equal weight” rating for the company in a report on Wednesday, June 26th. Finally, BMO Capital Markets dropped their price target on SolarEdge Technologies from $73.00 to $56.00 and set a “market perform” rating for the company in a report on Thursday, May 9th. Four analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $59.80.

About SolarEdge Technologies

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.