Evaluating SolarEdge Technologies: Insights From 21 Financial Analysts
Portfolio Pulse from Benzinga Insights
SolarEdge Technologies (NASDAQ:SEDG) has received mixed ratings from 21 financial analysts, with a current average 12-month price target of $79.28, down 32.82% from the previous $118.01. Ratings range from 'Buy' to 'Sell', with recent actions including both upgrades and downgrades. The company's financial performance shows a -13.32% decline in revenue growth, a net margin of -8.43%, ROE of -2.44%, ROA of -1.31%, and a debt-to-equity ratio of 0.29.
January 23, 2024 | 6:00 pm
News sentiment analysis
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NEGATIVE IMPACT
SolarEdge Technologies has a diverse range of analyst ratings and a significant decrease in the average price target, indicating uncertainty and potential bearish sentiment in the short term.
The wide range of analyst ratings from 'Buy' to 'Sell' and the substantial decrease in the average price target suggest that there is a lack of consensus and potential negative sentiment towards SEDG's short-term prospects. The financial performance indicators such as the decline in revenue and below-average profitability metrics further support a bearish outlook in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100