SolarEdge Technologies, Inc. (SEDG - Free Report) was a big mover last session, as its shares rose over 20% on the day. The move came after the company posted encouraging second-quarter 2017 results, wherein earnings beat estimates. This led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 43% in the past one-month time frame.
The company has seen one positive estimate revision in the last 30 days. Its Zacks Consensus Estimate also moved higher over the same time frame, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
SolarEdge currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Another top-ranked stock worth considering from the broader Oils-Energy space is Braskem S.A. (BAK - Free Report) , flaunting a Zacks Rank #1.
Is SEDG going up? Or down? Predict to see what others think:Up or Down
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