SolarEdge Stock Holds At High Level Amid Rising Profit, Sales

In a welcome move, SolarEdge Technologies (SEDG) saw its Relative Strength Rating rise from 67 to 71 on Friday. The 71 RS Rating means that SolarEdge stock is outperforming 71% of all stocks.


The best stocks tend to have an RS Rating north of 80 as they launch their biggest price moves. See if SolarEdge stock can continue to show renewed price strength and clear that threshold.

SolarEdge Stock Key Ratings

Among other key ratings, Israel-based SolarEdge has an 82 EPS Rating, of a best-possible 99, putting it in the top 18% of companies in terms of profit growth. SolarEdge stock has an 83 Composite Rating. Additionally, it boasts a B+ Accumulation/Distribution Rating on an A+ to E scale. The B+ rating indicates that institutional investors are buying its shares.

SolarEdge stock dropped to 67.02 in late March 2020 amid the Covid crash. It’s risen more than 350 from that point.

In terms of fundamentals, SolarEdge Technologies has posted two quarters of accelerating earnings growth. Sales gains have also increased during the same period. Last quarter, EPS rose 32% to $1.28 on a 45% jump in revenue to $480.1 million. SolarEdge Technologies is expected to report its next quarterly numbers on or around Nov. 2.

Peers In Solar Energy Group

SolarEdge stock earns the No. 2 rank among its peers in the Energy-Solar industry group. Enphase Energy (ENPH) and First Solar (FSLR) are also among the group’s highest-rated stocks.

Looking For The Best Stocks To Buy And Watch? Start Here

SolarEdge stock is not currently near a potential buying area. See if the stock goes on to offer a fresh buying opportunity, such as a three-weeks-tight pattern or a rebound off its 50-day or 10-week line.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s proprietary Relative Strength Rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock’s price performance over the last 52 weeks compares to all the other stocks in our database.


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