SolarEdge Technologies Inc (NASDAQ: SEDG) has reported E.P.S. of $-2.75 for its first fiscal quarter (ending March 31) versus $2.46 for the same period a year ago — a decline of -212%. Relative to the consensus estimate of $0.56, this was a shortfall of $-3.31. For the latest four quarters through March 31, E.P.S. were $-4.56 compared to $3.54 a year ago — a decline of -229%.
Recent Price Action
SolarEdge Technologies Inc (NASDAQ: SEDG) stock declined modestly by -2.0% on 5/8/24. The stock closed at $57.55. Moreover, unusually high trading volume at 161% of normal accompanied the decline. The stock has been extremely weak relative to the market over the last nine months and has declined -1.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, SEDG is expected to continue to be a modest Value Builder.
SolarEdge Technologies has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. SolarEdge Technologies has a slightly positive Appreciation Score of 70 but a very low Power Rating of 1, resulting in the Negative Value Trend Rating.
Rating Review
In light of this discouraging new earnings information and negative market action we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
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