SolarEdge Technologies (SEDG) closed the latest trading day at $15.93, indicating a -1.06% change from the previous session's end. The stock fell short of the S&P 500, which registered a loss of 0.33% for the day. Elsewhere, the Dow saw a downswing of 0.37%, while the tech-heavy Nasdaq depreciated by 0.53%.

Shares of the photovoltaic products maker witnessed a loss of 13.16% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 3.64% and the S&P 500's loss of 4.03%.

Investors will be eagerly watching for the performance of SolarEdge Technologies in its upcoming earnings disclosure. The company's upcoming EPS is projected at -$1.26, signifying a 33.68% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $204.36 million, reflecting a 0.02% fall from the equivalent quarter last year.

For the annual period, the Zacks Consensus Estimates anticipate earnings of -$3.06 per share and a revenue of $1.04 billion, signifying shifts of +86.69% and +11.97%, respectively, from the last year.

Any recent changes to analyst estimates for SolarEdge Technologies should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.08% lower. SolarEdge Technologies currently has a Zacks Rank of #3 (Hold).

The Solar industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 69, placing it within the top 28% of over 250 industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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SolarEdge Technologies, Inc. (SEDG) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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