Tinicum Inc Exits Position in Solaredge Technologies Inc (SEDG)

Solaredge Technologies Inc (SEDG) : Tinicum Inc has sold out all of its stake in Solaredge Technologies Inc during the most recent quarter, according to the disclosure filed by the company on Nov 14, 2016 with the SEC. The investment management company has sold out 251,386 shares of Solaredge Technologies Inc which is valued at $3,456,558.

Other Hedge Funds, Including , Corecommodity Management added SEDG to its portfolio by purchasing 340 company shares during the most recent quarter which is valued at $4,675. Lord Abbett sold out all of its stake in SEDG during the most recent quarter. The investment firm sold 771,873 shares of SEDG which is valued $10,729,035.Acrospire Investment Management boosted its stake in SEDG in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 1,000 shares of Solaredge Technologies Inc which is valued at $13,900. Solaredge Technologies Inc makes up approx 0.01% of Acrospire Investment Management’s portfolio. Solaris Asset Management sold out all of its stake in SEDG during the most recent quarter. The investment firm sold 3,450 shares of SEDG which is valued $48,990.

Solaredge Technologies Inc closed down -0.05 points or -0.38% at $12.95 with 6,11,673 shares getting traded on Monday. Post opening the session at $12.9, the shares hit an intraday low of $12.675 and an intraday high of $13.05 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Solaredge Technologies Inc reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Nov 9, 2016. Analyst had a consensus of $0.45. The company had revenue of $128.50 million for the quarter, compared to analysts expectations of $132.47 million. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

Many Wall Street Analysts have commented on Solaredge Technologies Inc. Solaredge Technologies Inc was Initiated by Craig Hallum to “Sell” on Nov 15, 2016. Shares were Downgraded by FBR & Co. on Nov 10, 2016 to ” Mkt Perform” and Lowered the Price Target to $ 17 from a previous price target of $32 .Solaredge Technologies Inc was Downgraded by JMP Securities to ” Mkt Perform” on Nov 10, 2016.

Solaredge Technologies Inc (SolarEdge) is a provider of solar power harvesting and photovoltaic (PV) monitoring solutions. The Company’s portfolio of products includes power optimizers PV inverters and a Web portal for module-level monitoring and fault detection. Its SolarEdge power optimizer is a DC/DC converter which is connected by installers to each PV module or embedded by module manufacturers replacing the solar junction box. Its SolarEdge DC-AC PV inverter works with the SolarEdge power optimizers. Its SolarEdge PV Monitoring Portal is a Web-based application that provides module-level string-level and system-wide monitoring. The Company’s customers include providers of solar PV systems to residential and commercial end users such as SolarCity SunRun Inc. and Vivint Solar Inc.

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