Will current price volatility hamper SolarEdge Technologies, Inc. (SEDG) future potential? – Marketing Sentinel

Will current price volatility hamper SolarEdge Technologies, Inc. (SEDG) future potential?

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The consensus among analysts is that SolarEdge Technologies, Inc. (SEDG) is an Overweight stock at the moment, with a recommendation rating of 2.6. 3 analysts rate the stock as a Sell, while none rate it as Overweight. 9 out of 22 have rated it as a Hold, with 10 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.99.

SolarEdge Technologies, Inc. (NASDAQ:SEDG) trade information

Wall Street analysts have a consensus price target for the stock at $304.47, which means that the shares’ value could jump 36.61% from the levels at last check today. The projected low price target is $58 while the price target rests at a high of $435. In that case, then, we find that the latest price level in today’s session is +95.17% off the targeted high while a plunge would see the stock lose -73.98% from the levels at last check today.

SolarEdge Technologies, Inc. (SEDG) estimates and forecasts

Figures show that SolarEdge Technologies, Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -3.71% over the past 6 months, with this year growth rate of 18%, compared to 20.6% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 4.2% and 19.6% for the next quarter. Revenue growth from the last financial year stood is estimated to be +27.1%.

18 analysts offering their estimates for the company have set an average revenue estimate of $396.21 Million for the current quarter. 18 have an estimated revenue figure of $446.81 Million for the next quarter concluding in June 01, 2021. Year-ago sales stood $431.22 Million for this quarter, and analysts expect sales will grow by -8.1% for the current quarter.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +9% over the past 5 years. Earnings growth for 2021 is a modest -8.2% while over the next 5 years, the company’s earnings are expected to increase by 19.6%.

SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s Major holders

Insiders own 1.23% of the company shares, while shares held by institutions stand at 83.65% with a share float percentage of 84.69%. Investors are also buoyed by the number of investors in a company, with SolarEdge Technologies, Inc. having a total of 791 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 6Million shares worth more than $1.91 Billion. As of December 30, 2020, Blackrock Inc. held 11.54% of shares outstanding.

The other major institutional holder is FMR, LLC, with the holding of over 2.97 Million shares as of December 30, 2020. The firm’s total holdings are worth over $949.2 Million and represent 5.72% of shares outstanding.


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Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Midcap ETF and Invesco ETF TR II-Invesco Solar ETF. As of March 30, 2021, the former fund manager holds about 2.68% shares in the company for having 1392833 shares of worth $400.36 Million while later fund manager owns 1.19 Million shares of worth $343.32 Million as of March 30, 2021, which makes it owner of about 2.3% of company’s outstanding stock.

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