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RBC Capital Sticks to Its Hold Rating for SolarEdge Technologies (SEDG)

Tipranks - Tue Apr 14, 8:52PM CDT

RBC Capital analyst Chris Dendrinos maintained a Hold rating on SolarEdge Technologies on April 10 and set a price target of $32.00. The company’s shares closed yesterday at $41.76.

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Dendrinos covers the Technology sector, focusing on stocks such as First Solar, Enphase Energy, and SolarEdge Technologies. According to TipRanks, Dendrinos has an average return of 53.1% and a 54.19% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for SolarEdge Technologies with a $37.31 average price target, which is a -10.66% downside from current levels. In a report released on April 9, Susquehanna also maintained a Hold rating on the stock with a $45.00 price target.

Based on SolarEdge Technologies’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $335.36 million and a GAAP net loss of $132.12 million. In comparison, last year the company earned a revenue of $170.75 million and had a GAAP net loss of $312.91 million

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