SolarEdge is a provider of power optimizer, solar inverter and monitoring solutions for photovoltaic arrays. These products aim to increase energy output through module-level MPPT. Established in 2006, the company has offices in the United States, Germany, Italy, Japan, and Israel. SolarEdge is traded at the NASDAQ (NASDAQ:SEDG). There is a strategic partnership with Tesla Motors.
Reported after close today (5/9/16) Earnings: EPS $0.58 Revenue $125.2M Estimates: EPS $0.39 Revenue $122.9M Down 5.31% after hours
Analyst Upgrade/Downgrade Update Brokerage firm: Craig Hallum Change: Coverage Initiated Previous Rating: N/A Current Rating: Sell Previous Price Target: N/A Current Price Target: N/A
So SEDG, SolarEdge Technologies, hit the No. 1 holding on the FFTY (IBD 50) this week. They had a SOS on the news that California is mandating that all new homes have solar panels by 2020. On the daily it appears like nobody is wanting to take profits, no supply showing up after the recent mark-up.
