SolarEdge Applied sciences (SEDG) closed at $85.55 within the newest buying and selling session, ma
SolarEdge Applied sciences (SEDG) closed at $85.55 within the newest buying and selling session, marking a -1.91% transfer from the prior day. This transfer lagged the S&P 500’s day by day acquire of 0.91%. On the identical time, the Dow added 0.7%, and the tech-heavy Nasdaq gained 1.02%.
Previous to right now’s buying and selling, shares of the photovoltaic merchandise maker had gained 16.11% over the previous month. This has outpaced the Oils-Vitality sector’s lack of 2.32% and the S&P 500’s lack of 2.74% in that point.
SEDG shall be trying to show energy because it nears its subsequent earnings launch. In that report, analysts count on SEDG to put up earnings of $1.19 per share. This is able to mark year-over-year development of 38.37%. In the meantime, the Zacks Consensus Estimate for income is projecting web gross sales of $399.70 million, up 68.95% from the year-ago interval.
For the complete 12 months, our Zacks Consensus Estimates are projecting earnings of $3.92 per share and income of $1.39 billion, which might signify modifications of +23.66% and +48.72%, respectively, from the prior 12 months.
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