SolarEdge Technologies Inc (NASDAQ: SEDG) stock enjoyed a major increase of 10.3% on 7/10/24. The shares closed at $29.63. Moreover, trading volume in this advance was unusually high at 176% of normal. The stock has been extremely weak relative to the market over the last nine months but has risen 23.6% 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). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. SolarEdge Technologies has a good Appreciation Score of 75 but a very low Power Rating of 1, resulting in the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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