A Director at SolarEdge Technologies is Exercising Options

By Carrie Williams

Today, a Director at SolarEdge Technologies, Doron Inbar, exercised options of SolarEdge Technologies for $1.07M.

Following Doron Inbar’s last SEDG Sell transaction on August 11, 2017, the stock climbed by 26.9%. In addition to Doron Inbar, one other SEDG executive reported Sell trades in the last month.

Based on SolarEdge Technologies’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $189 million and quarterly net profit of $19.5 million. In comparison, last year the company earned revenue of $112 million and had a net profit of $9.77 million. The company has a one-year high of $55.55 and a one-year low of $13.50. SEDG’s market cap is $2.37B and the company has a P/E ratio of 29.22.

Based on 9 analyst ratings, the analyst consensus is Strong Buy with an average price target of $52.25, reflecting a 4.7% upside.

The insider sentiment on SolarEdge Technologies has been neutral according to 80 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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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.