Solar
SolarEdge Applied sciences (SEDG) closed at $91.11 within the newest buying and selling session, marking a +0.43% transfer from the prior day. This variation lagged the S&P 500’s 9.28% acquire on the day. In the meantime, the Dow gained 9.36%, and the Nasdaq, a tech-heavy index, added 9.34%.
Coming into as we speak, shares of the photovoltaic merchandise maker had misplaced 18.39% prior to now month. In that very same time, the Oils-Vitality sector misplaced 44.89%, whereas the S&P 500 misplaced 26.56%.
Buyers can be hoping for energy from SEDG because it approaches its subsequent earnings launch. On that day, SEDG is projected to report earnings of $1.28 per share, which might characterize year-over-year progress of 100%. In the meantime, our newest consensus estimate is asking for income of $431.19 million, up 58.6% from the prior-year quarter.
Trying on the full 12 months, our Zacks Consensus Estimates counsel analysts expect earnings of $5.64 per share and income of $1.88 billion. These totals would mark adjustments of +27.03% and +31.96%, respectively, from final 12 months.
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