Northland Securities analyst Gus Richard maintained a Sell rating on SolarEdge Technologies (NASDAQ:SEDG) Inc. on Tuesday, setting a price target of $195, which is approximately 27.16% below the present share price of $267.72.
Richard expects SolarEdge Technologies Inc . to post earnings per share (EPS) of $0.74 for the fourth quarter of 2020.
The current consensus among 13 TipRanks analysts is for a Hold rating of shares in SolarEdge Technologies, with an average price target of $245.55.
The analysts price targets range from a high of $378 to a low of $77.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $331.85 million and a net profit of $29.97 million. The company's market cap is $13.42 billion.
According to TipRanks.com, Northland Securities analyst Gus Richard is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 25.6% and a 68.75% success rate.
SolarEdge Technologies, Inc. engages in the operation of inverter solution for the harvesting and managing of photovoltaic solar power. The company's products include power optimizer, inverter and monitoring portal. It offers residential solutions, commercial solutions, and grid services. The company was founded by Guy Sella, Lior Handelsman, Yoav Galin, Meir Adest and Amir Fishelov in 2006 and is headquartered in Hod HaSharon, Israel.