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Truist Securities Maintains Solaredge Technologies (SEDG) Buy Recommendation

Fintel reports that on September 12, 2023, Truist Securities maintained coverage of Solaredge Technologies (NASDAQ:SEDG) with a Buy recommendation.

Analyst Price Forecast Suggests 99.45% Upside

As of August 31, 2023, the average one-year price target for Solaredge Technologies is 300.73. The forecasts range from a low of 104.99 to a high of $403.20. The average price target represents an increase of 99.45% from its latest reported closing price of 150.78.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Solaredge Technologies is 4,101MM, an increase of 11.97%. The projected annual non-GAAP EPS is 8.57.

What is the Fund Sentiment?

There are 1276 funds or institutions reporting positions in Solaredge Technologies. This is a decrease of 54 owner(s) or 4.06% in the last quarter. Average portfolio weight of all funds dedicated to SEDG is 0.36%, a decrease of 18.98%. Total shares owned by institutions increased in the last three months by 1.57% to 52,874K shares. The put/call ratio of SEDG is 0.68, indicating a bullish outlook.

What are Other Shareholders Doing?

SEDG / Solaredge Technologies Inc Shares Held by Institutions

Jpmorgan Chase holds 1,668K shares representing 2.95% ownership of the company. In it’s prior filing, the firm reported owning 1,548K shares, representing an increase of 7.16%. The firm increased its portfolio allocation in SEDG by 577.34% over the last quarter.

D. E. Shaw holds 1,504K shares representing 2.66% ownership of the company. In it’s prior filing, the firm reported owning 896K shares, representing an increase of 40.44%. The firm increased its portfolio allocation in SEDG by 80.11% over the last quarter.

Invesco holds 1,472K shares representing 2.60% ownership of the company. In it’s prior filing, the firm reported owning 1,378K shares, representing an increase of 6.42%. The firm increased its portfolio allocation in SEDG by 860.38% over the last quarter.

VFINX – Vanguard 500 Index Fund Investor Shares holds 1,342K shares representing 2.37% ownership of the company. In it’s prior filing, the firm reported owning 1,304K shares, representing an increase of 2.79%. The firm decreased its portfolio allocation in SEDG by 17.53% over the last quarter.

ICLN – iShares Global Clean Energy ETF holds 1,247K shares representing 2.21% ownership of the company. In it’s prior filing, the firm reported owning 1,091K shares, representing an increase of 12.55%. The firm increased its portfolio allocation in SEDG by 17.37% over the last quarter.

Solaredge Technologies Background Information
(This description is provided by the company.)

SolarEdge is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power lives aof people and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, UPS, electric vehicle powertrains, and grid services solutions.

Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.

Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.

Click to Learn More

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Summarize this content to 100 words

Fintel reports that on September 12, 2023, Truist Securities maintained coverage of Solaredge Technologies (NASDAQ:SEDG) with a Buy recommendation. Analyst Price Forecast Suggests 99.45% Upside As of August 31, 2023, the average one-year price target for Solaredge Technologies is 300.73. The forecasts range from a low of 104.99 to a high of $403.20. The average price target represents an increase of 99.45% from its latest reported closing price of 150.78.

See our leaderboard of companies with the largest price target upside. The projected annual revenue for Solaredge Technologies is 4,101MM, an increase of 11.97%. The projected annual non-GAAP EPS is 8.57. What is the Fund Sentiment? There are 1276 funds or institutions reporting positions in Solaredge Technologies. This is a decrease of 54 owner(s) or 4.06% in the last quarter. Average portfolio weight of all funds dedicated to SEDG is 0.36%, a decrease of 18.98%. Total shares owned by institutions increased in the last three months by 1.57% to 52,874K shares. The put/call ratio of SEDG is 0.68, indicating a bullish outlook. What are Other Shareholders Doing? Jpmorgan Chase holds 1,668K shares representing 2.95% ownership of the company. In it’s prior filing, the firm reported owning 1,548K shares, representing an increase of 7.16%. The firm increased its portfolio allocation in SEDG by 577.34% over the last quarter. D. E. Shaw holds 1,504K shares representing 2.66% ownership of the company. In it’s prior filing, the firm reported owning 896K shares, representing an increase of 40.44%. The firm increased its portfolio allocation in SEDG by 80.11% over the last quarter.

Invesco holds 1,472K shares representing 2.60% ownership of the company. In it’s prior filing, the firm reported owning 1,378K shares, representing an increase of 6.42%. The firm increased its portfolio allocation in SEDG by 860.38% over the last quarter. VFINX – Vanguard 500 Index Fund Investor Shares holds 1,342K shares representing 2.37% ownership of the company. In it’s prior filing, the firm reported owning 1,304K shares, representing an increase of 2.79%. The firm decreased its portfolio allocation in SEDG by 17.53% over the last quarter. ICLN – iShares Global Clean Energy ETF holds 1,247K shares representing 2.21% ownership of the company. In it’s prior filing, the firm reported owning 1,091K shares, representing an increase of 12.55%. The firm increased its portfolio allocation in SEDG by 17.37% over the last quarter. Solaredge Technologies Background Information(This description is provided by the company.) SolarEdge is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power lives aof people and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, UPS, electric vehicle powertrains, and grid services solutions.

Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
Click to Learn MoreThis story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

https://www.nasdaq.com/articles/truist-securities-maintains-solaredge-technologies-sedg-buy-recommendation-2 Truist Securities Maintains Solaredge Technologies (SEDG) Buy Recommendation

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