On 8/23/24, SolarEdge Technologies Inc (NASDAQ: SEDG) stock enjoyed a major increase of 14.9%, closing at $28.77. However, trading volume in this advance was below average at 68% of normal. The stock has been extremely weak relative to the market over the last nine months but has risen 17.1% 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). 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 63 but a very low Power Rating of 1, and the Negative Value Trend Rating results.
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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