SolarEdge Technologies (SEDG) ended the recent trading session at $33.19, demonstrating a +2.56% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.58%. On the other hand, the Dow registered a gain of 0.69%, and the technology-centric Nasdaq increased by 1.05%.
Heading into today, shares of the photovoltaic products maker had lost 10.31% over the past month, lagging the Oils-Energy sector's gain of 6.29% and the S&P 500's gain of 0.97%.
The upcoming earnings release of SolarEdge Technologies will be of great interest to investors. The company's earnings report is expected on November 4, 2026. The company's earnings per share (EPS) are projected to be $0.02, reflecting a 106.45% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $329.11 million, down 3.25% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.3 per share and a revenue of $1.3 billion, signifying shifts of +87.39% and +9.94%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for SolarEdge Technologies. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 4% upward. SolarEdge Technologies currently has a Zacks Rank of #3 (Hold).
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 221, which puts it in the bottom 11% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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SolarEdge Technologies, Inc. (SEDG): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).