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MarketScreener Homepage  >  Equities  >  Nasdaq  >  SolarEdge Technologies, Inc.    SEDG

SOLAREDGE TECHNOLOGIES, INC.

(SEDG)
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SolarEdge Technologies, Inc. : The stock forcefully approaches new pivot levels

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02/10/2020 | 10:12am EST
long trade
Target price hit
Entry price : 102.5$ | Target : 118.7$ | Stop-loss : 94.7$ | Potential : 15.8%
SolarEdge Technologies, Inc. shares are trading close to a major technical resistance, which, if broken, could yield new upside potential and an increase in volatility. This scenario can be anticipated.
Investors have an opportunity to buy the stock and target the $ 118.7.
SolarEdge Technologies, Inc. : SolarEdge Technologies, Inc. : The stock forcefully approaches new pivot levels
Summary
  • The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
  • The company has solid fundamentals for a short-term investment strategy.

Strengths
  • Analysts expect a sharply increasing business volume for the group, with high growth rates in the coming years.
  • Thanks to a sound financial situation, the firm has significant leeway for investment.
  • Sales forecast by analysts have been recently revised upwards.
  • Over the last twelve months, the sales forecast has been frequently revised upwards.
  • For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
  • Analysts covering this company mostly recommend stock overweighting or purchase.
  • The tendency within the weekly time frame is positive above the technical support level at 62.12 USD

Weaknesses
  • Stock prices approach a strong long-term resistance in weekly data at USD 110.13.
  • The company's valuation in terms of earnings multiples is rather high. Indeed, the firm is getting paid 34.55 times its estimated earnings per share for the ongoing year.

David Meurisse
© MarketScreener.com 2020
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Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials (USD)
Sales 2019 1 421 M
EBIT 2019 204 M
Net income 2019 149 M
Finance 2019 370 M
Yield 2019 -
P/E ratio 2019 37,2x
P/E ratio 2020 26,0x
EV / Sales2019 3,45x
EV / Sales2020 2,84x
Capitalization 5 268 M
Upcoming event on SOLAREDGE TECHNOLOGIES, IN
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 106,91  $
Last Close Price 108,38  $
Spread / Highest target 25,5%
Spread / Average Target -1,36%
Spread / Lowest Target -21,6%
EPS Revisions
Managers
NameTitle
Zvi Lando Chief Executive Officer & VP-Global Sales
Nadav Zafrir Chairman
Uri Bechor Chief Operating Officer
Ronen Faier Chief Financial & Accounting Officer
Yoav Galin Vice President-Research & Development
Sector and Competitors
1st jan.Capitalization (M$)
SOLAREDGE TECHNOLOGIES, INC.13.98%5 268
ENPHASE ENERGY, INC.57.25%4 916
FLAT GLASS GROUP CO., LTD.37.04%3 788
SUNRUN INC.55.11%2 570
SUNPOWER CORPORATION18.08%1 551
CANADIAN SOLAR INC.6.38%1 397