SolarEdge Technologies (SEDG) closed at $14.71 in the latest trading session, marking a -1.87% move from the prior day. This move lagged the S&P 500's daily loss of 1.54%. At the same time, the Dow lost 1.63%, and the tech-heavy Nasdaq lost 1.63%.

Prior to today's trading, shares of the photovoltaic products maker had gained 12.88% over the past month. This has outpaced the Oils-Energy sector's loss of 11.05% and the S&P 500's loss of 2.2% in that time.

Investors will be eagerly watching for the performance of SolarEdge Technologies in its upcoming earnings disclosure. The company is predicted to post an EPS of -$1.75, indicating a 90.22% decline compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $185.58 million, down 41.28% from the prior-year quarter.

It is also important to note the recent changes to analyst estimates for SolarEdge Technologies. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.98% higher. SolarEdge Technologies is currently sporting a Zacks Rank of #3 (Hold).

The Solar industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 142, putting it in the bottom 44% of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within 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

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