Today, the CEO&VP, Global Sales of SolarEdge Technologies (SEDG), Zvi Lando, bought shares of SEDG for $262.3K.
Following this transaction Zvi Lando’s holding in the company was increased by 18.71% to a total of $8.24 million. Following Zvi Lando’s last SEDG Buy transaction on December 18, 2019, the stock climbed by 12.9%.
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Based on SolarEdge Technologies’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $411 million and quarterly net profit of $41.63 million. In comparison, last year the company earned revenue of $264 million and had a net profit of $12.94 million. The company has a one-year high of $108.81 and a one-year low of $36.28. SEDG’s market cap is $5.09B and the company has a P/E ratio of 48.79.
Seven different firms, including Canaccord Genuity and Cowen & Co., currently also have a Buy rating on the stock.
The insider sentiment on SolarEdge Technologies has been positive according to 77 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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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.
