SolarEdge Stock Pops on Reported Analyst Double Upgrade [Yahoo! Finance]
SolarEdge Technologies, Inc. (SEDG)
Last solaredge technologies, inc. earnings: 2/19 04:05 pm
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Source: Yahoo! Finance
Shares of SolarEdge Technologies jumped after Goldman Sachs analysts reportedly gave the company a double upgrade. The analysts reportedly said concerns over SolarEdge's debt may be overblown and that a recent restructuring may improve its product mix. Despite the gains Tuesday, SolarEdge stock is down nearly 85% in 2024. SolarEdge Technologies ( SEDG ) shares rallied Tuesday after analysts at Goldman Sachs reportedly issued a double upgrade for the solar equipment maker. Goldman bumped its rating up to "buy" from "sell" and raised its price target to $19 from $10, according to Investor's Business Daily . That's a 29% premium after shares of SolarEdge soared 20% to $14.78 intraday Wednesday. However, the stock is down nearly 85% in 2024. The firm said that concerns over SolarEdge's $350 million of debt may be "overblown," the report said. In June, SolarEdge said one of its customers filed for Chapter 7 bankruptcy and likely would not be able to pay its $11.4 million debt.
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SEDG
News
- SolarEdge Technologies, Inc. (NASDAQ: SEDG) was upgraded by analysts at Glj Research from a "strong sell" rating to a "strong-buy" rating.MarketBeat
- SolarEdge Technologies, Inc. (NASDAQ: SEDG) was upgraded by analysts at The Goldman Sachs Group, Inc. from a "sell" rating to a "buy" rating. They now have a $19.00 price target on the stock, up previously from $10.00.MarketBeat
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- SolarEdge Begins Shipping 'USA Edition' Home Battery, Expanding Company's End-to-End, Domestic Content PortfolioBusiness Wire
- Energy Storage System Market Report 2024 - Thermal Energy Storage Systems are Critical in the Integration of Renewable Energy Sources into the Grid - Forecasts to 2029 [Yahoo! Finance]Yahoo! Finance
SEDG
Earnings
- 11/6/24 - Miss
SEDG
Sec Filings
- 12/6/24 - Form 4
- 12/6/24 - Form 4
- 12/6/24 - Form 3
- SEDG's page on the SEC website