From MarketBeat:

Janney Capital Management LLC increased its position in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 112.2% during the third quarter, owning 38,910 shares valued at $5,039,000 at the end of the period. Other institutional investors, including Vanguard Group, Geode Capital Management, and Impax Asset Management Group, also altered their holdings in SEDG. Harel Insurance Investments & Financial Services Ltd. raised its holdings by 15.3% during the same period.

SolarEdge Technologies (SEDG) traded down $1.27 during trading on Friday, hitting $68.00. The stock has a 50-day simple moving average of $81.36, a 200-day simple moving average of $119.43, and a market cap of $3.86 billion. The company reported ($1.03) earnings per share for the quarter, missing the consensus estimate of $0.23 by ($1.26), with expected earnings per share of 1.28 for the current year.

Analysts weighed in on SEDG, with the consensus rating of “Hold” and an average target price of $136.96. Despite this rating, analyst activity for the company has been a “sell” rating from four investment analysts, an “equal weight” from 18, and a “buy” from six analysts. Factors affecting this rating include a price decrease of $1.27 and a market perform rating from Oppenheimer, BMO Capital Markets, Morgan Stanley, and Wells Fargo & Company, among others.

SolarEdge Technologies, Inc, designs, develops, and sells direct current (DC) optimized inverter systems used for solar photovoltaic installations worldwide. The company operates in Solar and All Other segments. With its technology and financial data reviewed by MarketBeat’s editorial team, SolarEdge Technologies ensures that their solar PV system is being collected and managed with power optimizers, inverters, and a cloud-based monitoring platform.



Read more: Janney Capital Management LLC Acquires 20,577 Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG)