On 5/23/24, SolarEdge Technologies Inc (NASDAQ: SEDG) stock suffered a major decline of -10.6%, closing at $47.21. Moreover, this decline was accompanied by above average trading volume at 147% of normal. Relative to the market the stock has been extremely weak over the last nine months and has declined -8.1% 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). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. SolarEdge Technologies has a slightly positive Appreciation Score of 70 but a very low Power Rating of 1, and the Negative Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment