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GLJ Research Sticks to Their Sell Rating for SolarEdge Technologies (SEDG)

Tipranks - Tue Jun 2, 7:56AM CDT

In a report released today, from GLJ Research maintained a Sell rating on SolarEdge Technologies, with a price target of $6.90.

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Currently, the analyst consensus on SolarEdge Technologies is a Hold with an average price target of $38.29.

Based on SolarEdge Technologies’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $310.5 million and a GAAP net loss of $57.37 million. In comparison, last year the company earned a revenue of $219.48 million and had a GAAP net loss of $98.52 million

Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SEDG in relation to earlier this year. Last month, More Avery, a Director at SEDG sold 2,566.00 shares for a total of $99,460.97.

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