SolarEdge Technologies (SEDG) Increases Despite Market Slip: Here's What You Need to Know

Company Performance - SolarEdge Technologies (SEDG) stock closed at $17.12, reflecting a +0.82% change, outperforming the S&P 500's loss of 0.22% on the same day [1] - The stock has decreased by 13.5% over the past month, underperforming the Oils-Energy sector's loss of 1.22% and the S&P 500's loss of 7.48% [1] Upcoming Financial Results - The upcoming EPS for SolarEdge Technologies is projected at -$1.26, representing a 33.68% increase compared to the same quarter last year [2] - Revenue is estimated to be $204.36 million, indicating a slight decrease of 0.02% compared to the same quarter last year [2] Annual Estimates - For the annual period, earnings are anticipated at -$3.06 per share and revenue at $1.04 billion, reflecting increases of +86.69% and +11.97% respectively from the previous year [3] - Recent changes in analyst estimates suggest a positive outlook on the company's business performance and profit potential [3] Zacks Rank and Industry Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently rates SolarEdge Technologies at 3 (Hold) [5] - The Zacks Consensus EPS estimate has decreased by 0.5% in the past month [5] - The solar industry is part of the Oils-Energy sector, which has a Zacks Industry Rank of 75, placing it in the top 30% of over 250 industries [6]