Shares of SolarEdge Technologies have moved 4.6% today, and are now trading at a price of $312.79. In contrast, the S&P 500 index saw a -0.2% change and the Dow Industrial Average posted a -0.6% performance. Today's trading volume is 785,679 compared to the stock's average volume of 1,138,079.
SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. Based in Herzliya, Israel the company has 3,964 full time employees and a market cap of $17,483,366,400.
The company is now trading -6.41% away from its average analyst target price of $334.21 per share. The 27 analysts following the stock have set target prices ranging from $67 to $420, and on average give SolarEdge Technologies a rating of buy.
Over the last year, SEDG shares have gone down by -9.6%, which represents a difference of 6.6% when compared to the S&P 500. The stock's 52 week high is $375.9 per share and its 52 week low is $190.15. With its gross margins declining an average -2.0% over the last four years, SolarEdge Technologies may not have a strong enough business to reverse this trend.