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SolarEdge Technologies (SEDG) Advances While Market Declines: Some Information for Investors
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SolarEdge Technologies (SEDG - Free Report) closed the most recent trading day at $37.90, moving +1.15% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.5%. Meanwhile, the Dow experienced a drop of 0.38%, and the technology-dominated Nasdaq saw a decrease of 0.5%.
Prior to today's trading, shares of the photovoltaic products maker had gained 13.24% outpaced the Oils-Energy sector's gain of 3.33% and the S&P 500's gain of 2.74%.
Analysts and investors alike will be keeping a close eye on the performance of SolarEdge Technologies in its upcoming earnings disclosure. On that day, SolarEdge Technologies is projected to report earnings of -$0.48 per share, which would represent year-over-year growth of 96.87%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $333.46 million, up 27.81% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$3.05 per share and revenue of $1.15 billion. These totals would mark changes of +86.73% and +24.53%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for SolarEdge Technologies. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.02% fall in the Zacks Consensus EPS estimate. As of now, SolarEdge Technologies holds a Zacks Rank of #3 (Hold).
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 51, which puts it in the top 21% 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.
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SolarEdge Technologies (SEDG) Advances While Market Declines: Some Information for Investors
SolarEdge Technologies (SEDG - Free Report) closed the most recent trading day at $37.90, moving +1.15% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.5%. Meanwhile, the Dow experienced a drop of 0.38%, and the technology-dominated Nasdaq saw a decrease of 0.5%.
Prior to today's trading, shares of the photovoltaic products maker had gained 13.24% outpaced the Oils-Energy sector's gain of 3.33% and the S&P 500's gain of 2.74%.
Analysts and investors alike will be keeping a close eye on the performance of SolarEdge Technologies in its upcoming earnings disclosure. On that day, SolarEdge Technologies is projected to report earnings of -$0.48 per share, which would represent year-over-year growth of 96.87%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $333.46 million, up 27.81% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$3.05 per share and revenue of $1.15 billion. These totals would mark changes of +86.73% and +24.53%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for SolarEdge Technologies. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.02% fall in the Zacks Consensus EPS estimate. As of now, SolarEdge Technologies holds a Zacks Rank of #3 (Hold).
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 51, which puts it in the top 21% 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.