We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
SolarEdge Technologies (SEDG) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
SolarEdge Technologies (SEDG - Free Report) closed at $291.48 in the latest trading session, marking a -1.27% move from the prior day. This move lagged the S&P 500's daily gain of 0.1%. At the same time, the Dow added 0.9%, and the tech-heavy Nasdaq lost 0.59%.
Prior to today's trading, shares of the photovoltaic products maker had lost 10.75% over the past month. This has lagged the Oils-Energy sector's gain of 13.35% and the S&P 500's gain of 0.71% in that time.
SEDG will be looking to display strength as it nears its next earnings release. On that day, SEDG is projected to report earnings of $0.99 per share, which would represent a year-over-year decline of 3.88%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $395.7 million, down 8.24% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.82 per share and revenue of $1.82 billion, which would represent changes of +17.27% and +24.66%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for SEDG. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 6.75% higher. SEDG is currently a Zacks Rank #3 (Hold).
Looking at its valuation, SEDG is holding a Forward P/E ratio of 61.22. This valuation marks a discount compared to its industry's average Forward P/E of 63.04.
Meanwhile, SEDG's PEG ratio is currently 2.04. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Solar stocks are, on average, holding a PEG ratio of 1.8 based on yesterday's closing prices.
The Solar industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 182, putting it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SEDG in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
SolarEdge Technologies (SEDG) Stock Sinks As Market Gains: What You Should Know
SolarEdge Technologies (SEDG - Free Report) closed at $291.48 in the latest trading session, marking a -1.27% move from the prior day. This move lagged the S&P 500's daily gain of 0.1%. At the same time, the Dow added 0.9%, and the tech-heavy Nasdaq lost 0.59%.
Prior to today's trading, shares of the photovoltaic products maker had lost 10.75% over the past month. This has lagged the Oils-Energy sector's gain of 13.35% and the S&P 500's gain of 0.71% in that time.
SEDG will be looking to display strength as it nears its next earnings release. On that day, SEDG is projected to report earnings of $0.99 per share, which would represent a year-over-year decline of 3.88%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $395.7 million, down 8.24% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.82 per share and revenue of $1.82 billion, which would represent changes of +17.27% and +24.66%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for SEDG. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 6.75% higher. SEDG is currently a Zacks Rank #3 (Hold).
Looking at its valuation, SEDG is holding a Forward P/E ratio of 61.22. This valuation marks a discount compared to its industry's average Forward P/E of 63.04.
Meanwhile, SEDG's PEG ratio is currently 2.04. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Solar stocks are, on average, holding a PEG ratio of 1.8 based on yesterday's closing prices.
The Solar industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 182, putting it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SEDG in the coming trading sessions, be sure to utilize Zacks.com.