SolarEdge Technologies Receives a Hold from Oppenheimer

By Ryan Adsit

Oppenheimer analyst Colin Rusch assigned a Hold rating to SolarEdge Technologies (NASDAQ: SEDG) yesterday. The company’s shares closed yesterday at $14, close to its 52-week low of $12.70.

According to TipRanks.com, Rusch is a 4-star analyst with an average return of 5.7% and a 44.3% success rate. Rusch covers the Technology sector, focusing on stocks such as Trimble Navigation Limited, Ultra Clean Holdings, and Canadian Solar Inc.

SolarEdge Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $22.50.

The company has a one year high of $30.50 and a one year low of $12.70. Currently, SolarEdge Technologies has an average volume of 992.5K.

Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is neutral on the stock. Most recently, in June 2016, Yoav Galin, the VP, Research and Development of SEDG sold 1,626 shares for a total of $34,748.

SolarEdge Technologies, Inc. engages in the operation of inverter solution for the harvesting and managing of photovoltaic solar power. Its products include power optimizer, inverter and monitoring portal. The company was founded by Guy Sella, Lior Handelsman, Yoav Galin, Meir Adest and Amir Fishelov in 2006 and is headquartered in Hod HaSharon, Israel.