Published On: Mon, May 9th, 2016
Uncategorized | By Sylvia Delisle

SolarEdge Technologies, Inc. (NASDAQ:SEDG) Expected To Report Earnings On Monday

Analysts await SolarEdge Technologies, Inc. (NASDAQ:SEDG) to report earnings on May, 09 for the fiscal quarter ending Mar 2016.

They expect $0.35 EPS, up 45.71% or $0.16 from last year’s $0.19 per share.

At the moment 11 analysts are watching SolarEdge Technologies, Inc. (NASDAQ:SEDG), 4 rate it “Buy”, 6 “Outperform”, 1 “Underperform”, 0 “Sell”, while 0 “Hold”.

Looking forward, for the quarter ending Dec-16, 7 analysts have a mean sales target of 154.08 million. For the quarter ending Mar-16, 10 analysts have a mean sales target of 123.25 million whilst for the year ending Jun-16, 11 analysts have a mean target of 496.00 million.

In terms of earnings per share, 8 analysts have a 0.63 EPS mean target for the quarter ending Dec-16, for the quarter ending Mar-16, 10 analysts have a 0.41 EPS mean target and for the quarter ending Mar-16 there are 9 estimates of 1.71 EPS.

The biggest institutional shareholders in SolarEdge Technologies, Inc. include Fidelity Management and Research Company which owns 4 million shares in the company valued at $122.30 million. Sylebra HK Co Ltd is the second biggest holder with 2 million shares currently valued at 54.91 million whilst Millennium Management LLC has 1 million shares valued at 37.08 million.

Total shares held by institutions as of the most recent company filings are 22,145,036 with a reported 6,681,198 bought and 2,597,145 sold. These holdings make up 55.38% of the company’s outstanding shares.

Currently insiders hold 1,380,517 shares in the business which makes up 3.43% of shares. The biggest holder currently is Mr. Guy Sella who owns 433,333 shares (1.08% of those outstanding), whilst Mr. Yoav Galin holds 397,330 (0.99% of shares outstanding) and Mr. Meir Adest holds 329,013 (0.82% of shares outstanding).

The stock increased 1.00% or $0.22 during the last trading session, hitting $23.26. SolarEdge Technologies, Inc. (NASDAQ:SEDG) has risen 20.29% over the past 6 months and is uptrending.

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