SolarEdge (SEDG, $247.40) shares climb, on Q3 revenue growth
SolarEdge Technologies Inc. posted its third quarter results after the bell Monday, leading to its shares soaring on Tuesday.
The smart energy technology company’s third-quarter revenue rose to $836.7 million, from $526.4 million in the year-ago quarter. The company mentioned that it generated a record revenue of $788.6 million in its solar segment.
SolarEgde’s revenues in Europe surged +90% from the year-ago period.
Earnings in the quarter came in at 43 cents per share, compared to the year-ago quarter’s $1.01 per share.
Looking ahead, the company expects revenues in a range of $855 million to $885 million for the fourth quarter. Its guidance for solar segment revenues is a range of $810 million to $840 million.
SEDG's Stochastic Oscillator is staying in oversold zone for 5 days
The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.
Show more
Notable companies
The most notable companies in this group are SolarEdge Technologies (NASDAQ:SEDG).
Market Cap
The average market capitalization across the group is 4.05B. The market cap for tickers in the group ranges from 4.05B to 4.05B. SEDG holds the highest valuation in this group at 4.05B. The lowest valued company is SEDG at 4.05B.
High and low price notable news
The average weekly price growth across all stocks in the group was 3%. For the same group, the average monthly price growth was 4%, and the average quarterly price growth was -60%. SEDG experienced the highest price growth at 3%, while SEDG experienced the biggest fall at 3%.
Volume
The average weekly volume growth across all stocks in the group was -13%. For the same stocks of the group, the average monthly volume growth was -81% and the average quarterly volume growth was 200%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 93
P/E Growth Rating: 37
Price Growth Rating: 65
SMR Rating: 93
Profit Risk Rating: 100
Seasonality Score: 50 (-100 ... +100)