On 9/16/24, SolarEdge Technologies Inc (NASDAQ: SEDG) stock enjoyed a major increase of 11.4%, closing at $21.95. Moreover, this advance was accompanied by above average trading volume at 130% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 12.6% 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. SolarEdge Technologies has a good Appreciation Score of 79 but a very low Power Rating of 0, 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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