SolarEdge Technologies (SEDG) stock rises slightly despite overall market decline

From Nasdaq: 2024-12-31 18:15:20

In the latest market close, SolarEdge Technologies (SEDG) saw a +0.22% increase to $13.60, outperforming the S&P 500’s 0.43% loss. Over the past month, SEDG shares dropped by 14.6%, not matching the Oils-Energy sector’s 8.37% loss or the S&P 500’s 1.98% decline. Investors await the upcoming earnings report, with forecasts of an EPS of -$1.75 and revenue of $185.58 million, marking significant decreases from the previous year. Full-year estimates predict earnings of -$19.09 per share and revenue of $948.11 million for SEDG, with a Zacks Rank of #3 (Hold) currently assigned to the company. The Solar industry, part of the Oils-Energy sector, ranks in the top 24% of industries, with the top 50% of industries generally outperforming the bottom half by a factor of 2 to 1. To keep track of stock metrics like these, visit Zacks.com. If you want to access all Zacks’ buys and sells for just $1, click the link provided. Thousands have taken advantage of this offer, which provides a 30-day trial of all picks with no further obligation. This opportunity allows you to explore Zacks’ portfolio services that have closed numerous positions with double- and triple-digit gains in 2023 alone.



Read more at Nasdaq: SolarEdge Technologies (SEDG) Rises As Market Takes a Dip: Key Facts