SolarEdge Technologies, Inc. (SEDG) Reaches $54.75 After 6.00% Up Move; Muzinich & Company Decreased Its Hercules Capital (HTGC) Holding

March 14, 2018 - By Stephen Andrade

The stock of SolarEdge Technologies, Inc. (NASDAQ:SEDG) is a huge mover today! The stock increased 1.30% or $0.7 during the last trading session, reaching $54.75. About 181,220 shares traded. SolarEdge Technologies, Inc. (NASDAQ:SEDG) has declined 7.10% since March 14, 2017 and is downtrending. It has underperformed by 23.80% the S&P500.The move comes after 8 months positive chart setup for the $2.40B company. It was reported on Mar, 14 by We have $58.04 PT which if reached, will make NASDAQ:SEDG worth $144.18 million more.

Muzinich & Company decreased Hercules Capital Inc (HTGC) stake by 20.3% reported in 2017Q3 SEC filing. Muzinich & Company sold 803,462 shares as Hercules Capital Inc (HTGC)’s stock declined 12.59%. The Muzinich & Company holds 3.15M shares with $40.68M value, down from 3.96 million last quarter. Hercules Capital Inc now has $1.04B valuation. The stock decreased 1.16% or $0.14 during the last trading session, reaching $12.15. About 119,066 shares traded. Hercules Capital, Inc. (NYSE:HTGC) has risen 12.95% since March 14, 2017 and is uptrending. It has underperformed by 3.75% the S&P500.

Among 19 analysts covering SolarEdge Technologies (NASDAQ:SEDG), 14 have Buy rating, 4 Sell and 1 Hold. Therefore 74% are positive. SolarEdge Technologies had 68 analyst reports since August 13, 2015 according to SRatingsIntel. As per Monday, November 27, the company rating was downgraded by Deutsche Bank. The company was maintained on Thursday, February 15 by Canaccord Genuity. The firm has “Buy” rating given on Monday, February 26 by Canaccord Genuity. Cowen & Co maintained SolarEdge Technologies, Inc. (NASDAQ:SEDG) on Tuesday, September 5 with “Buy” rating. The company was downgraded on Thursday, November 10 by JMP Securities. The firm has “Buy” rating by Canaccord Genuity given on Monday, November 6. As per Thursday, February 15, the company rating was maintained by Needham. The stock of SolarEdge Technologies, Inc. (NASDAQ:SEDG) earned “Buy” rating by Needham on Thursday, November 5. The company was maintained on Thursday, July 13 by Cowen & Co. The rating was maintained by TH Capital with “Buy” on Monday, November 2.

SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, and sells direct current optimized inverter systems for solar photovoltaic (PV) installations in Israel, Europe, the United States, and internationally. The company has market cap of $2.40 billion. The companyÂ’s DC optimized inverter systems include power optimizers, inverters, and cloud monitoring software. It has a 29.59 P/E ratio. The Company’s products are used in a range of solar market divisions, including residential, commercial, and small utility-scale solar installations.

Muzinich & Company increased Tpg Specialty Lending Inc (NYSE:TSLX) stake by 37,497 shares to 2.17 million valued at $45.47M in 2017Q3. It also upped Solar Capital Ltd (NASDAQ:SLRC) stake by 21,672 shares and now owns 1.91M shares. Tcp Capital Corp (NASDAQ:TCPC) was raised too.

Analysts await Hercules Capital, Inc. (NYSE:HTGC) to report earnings on May, 3. They expect $0.30 earnings per share, up 7.14% or $0.02 from last year’s $0.28 per share. HTGC’s profit will be $25.56 million for 10.13 P/E if the $0.30 EPS becomes a reality. After $0.29 actual earnings per share reported by Hercules Capital, Inc. for the previous quarter, Wall Street now forecasts 3.45% EPS growth.

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