SolarEdge Technologies (SEDG) has been under a strong bear grip, hence the stock is down -8.29% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 5.97% in the past 1 week. The stock has risen by 6.03% in the past week indicating that the buyers are active at lower levels, but the stock is down -7.34% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.71% and the 50-Day Moving Average is 5.95%. SolarEdge Technologies (NASDAQ:SEDG): stock turned positive on Friday. Though the stock opened at $18.04, the bulls momentum made the stock top out at $18.59 level for the day. The stock recorded a low of $17.93 and closed the trading day at $18.3, in the green by 1.61%. The total traded volume for the day was 1,100,528. The stock had closed at $18.01 in the previous days trading.
The company Insiders own 26.52% of SolarEdge Technologies shares according to the proxy statements. Institutional Investors own 54.29% of SolarEdge Technologies shares. During last six month period, the net percent change held by insiders has seen a change of -17.24%. Also, Major Brokerage house, Barclays maintains its ratings on SolarEdge Technologies (NASDAQ:SEDG). In the latest research report, Barclays lowers the target price from $28 per share to $22 per share. According to the latest information available, the shares are now rated Overweight by the analysts at the agency. The rating by the firm was issued on August 10, 2016.
Solaredge Technologies Inc (SolarEdge) is a provider of solar power harvesting and photovoltaic (PV) monitoring solutions. The Companys 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 Companys customers include providers of solar PV systems to residential and commercial end users, such as SolarCity, SunRun Inc. and Vivint Solar, Inc.