SolarEdge Technologies, Inc. (SEDG) Reaches $69.05 After 5.00% Up Move; Point72 Asia Hong Kong LTD Has Lowered China Lodging Group LTD (HTHT) Position By $11.20 Million

May 16, 2018 - By Linda Rogers

SolarEdge Technologies, Inc. (NASDAQ:SEDG) Logo

The stock of SolarEdge Technologies, Inc. (NASDAQ:SEDG) is a huge mover today! The stock increased 2.07% or $1.4 during the last trading session, reaching $69.05. About 364,426 shares traded. SolarEdge Technologies, Inc. (NASDAQ:SEDG) has risen 268.00% since May 16, 2017 and is uptrending. It has outperformed by 256.45% the S&P500.The move comes after 6 months positive chart setup for the $3.11 billion company. It was reported on May, 16 by Barchart.com. We have $72.50 PT which if reached, will make NASDAQ:SEDG worth $155.40 million more.

Point72 Asia Hong Kong Ltd decreased China Lodging Group Ltd (HTHT) stake by 55.17% reported in 2017Q4 SEC filing. Point72 Asia Hong Kong Ltd sold 77,769 shares as China Lodging Group Ltd (HTHT)’s stock declined 10.81%. The Point72 Asia Hong Kong Ltd holds 63,195 shares with $9.13M value, down from 140,964 last quarter. China Lodging Group Ltd now has $12.46B valuation. The stock increased 0.88% or $1.49 during the last trading session, reaching $170.99. About 571,216 shares traded or 10.47% up from the average. China Lodging Group, Limited (NASDAQ:HTHT) has risen 98.12% since May 16, 2017 and is uptrending. It has outperformed by 86.57% the S&P500.

Among 20 analysts covering SolarEdge Technologies (NASDAQ:SEDG), 14 have Buy rating, 4 Sell and 2 Hold. Therefore 70% are positive. SolarEdge Technologies had 76 analyst reports since August 13, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, July 18 by Oppenheimer. Goldman Sachs downgraded SolarEdge Technologies, Inc. (NASDAQ:SEDG) on Tuesday, May 10 to “Neutral” rating. The stock of SolarEdge Technologies, Inc. (NASDAQ:SEDG) has “Buy” rating given on Thursday, February 15 by Vertical Research. The firm has “Buy” rating given on Thursday, July 13 by Cowen & Co. The stock of SolarEdge Technologies, Inc. (NASDAQ:SEDG) has “Overweight” rating given on Monday, March 19 by JP Morgan. Oppenheimer maintained the shares of SEDG in report on Thursday, August 3 with “Buy” rating. Cowen & Co initiated the stock with “Outperform” rating in Thursday, September 3 report. The company was maintained on Thursday, March 22 by Roth Capital. The firm has “Buy” rating given on Monday, November 2 by Roth Capital. The rating was maintained by Canaccord Genuity on Monday, November 6 with “Buy”.

Analysts await SolarEdge Technologies, Inc. (NASDAQ:SEDG) to report earnings on August, 1. They expect $0.70 EPS, up 40.00% or $0.20 from last year’s $0.5 per share. SEDG’s profit will be $31.51 million for 24.66 P/E if the $0.70 EPS becomes a reality. After $0.75 actual EPS reported by SolarEdge Technologies, Inc. for the previous quarter, Wall Street now forecasts -6.67% negative EPS growth.

SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, and sells direct current optimized inverter systems for solar photovoltaic (PV) installations in Israel, Europe, the United States, and internationally. The company has market cap of $3.11 billion. The companyÂ’s DC optimized inverter systems include power optimizers, inverters, and cloud monitoring software. It has a 37.32 P/E ratio. The Company’s products are used in a range of solar market divisions, including residential, commercial, and small utility-scale solar installations.

More notable recent SolarEdge Technologies, Inc. (NASDAQ:SEDG) news were published by: Seekingalpha.com which released: “SolarEdge Q1 2018: Becoming A Smart Energy Company” on May 14, 2018, also 247Wallst.com with their article: “SolarEdge Does It Again in Q1” published on May 10, 2018, Seekingalpha.com published: “SolarEdge Technologies 2018 Q1 – Results – Earnings Call Slides” on May 09, 2018. More interesting news about SolarEdge Technologies, Inc. (NASDAQ:SEDG) were released by: Nasdaq.com and their article: “3 Stocks to Watch on Friday: Alphabet Inc (GOOG, GOOGL), Nektar Therapeutics (NKTR) and Solaredge Technologies …” published on May 11, 2018 as well as Nasdaq.com‘s news article titled: “Why Solar Stocks Charged Higher Thursday” with publication date: May 11, 2018.

More important recent China Lodging Group, Limited (NASDAQ:HTHT) news were published by: Seekingalpha.com which released: “China Lodging Group’s (HTHT) CEO Min Zhang on Q1 2018 Results – Earnings Call Transcript” on May 15, 2018, also Investorplace.com published article titled: “Believe in China Lodging Group Ltd as the Travel Industry Expands”, Globenewswire.com published: “China Lodging Group, Limited Announces ADS Ratio Change” on April 20, 2018. More interesting news about China Lodging Group, Limited (NASDAQ:HTHT) was released by: Globenewswire.com and their article: “China Lodging Group, Limited Reports First Quarter of 2018 Financial Results” with publication date: May 14, 2018.

SolarEdge Technologies, Inc. (NASDAQ:SEDG) Ratings Chart

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