SolarEdge Technologies, Inc. (SEDG) Reaches $36.30 After 8.00% Down Move; Eaton Vance Management Has Lifted Its Ecolab (ECL) Position

January 14, 2018 - By wolcottdaily

The stock of SolarEdge Technologies, Inc. (NASDAQ:SEDG) is a huge mover today! The stock decreased 3.20% or $1.2 during the last trading session, reaching $36.3. About 581,258 shares traded. SolarEdge Technologies, Inc. (NASDAQ:SEDG) has declined 7.10% since January 14, 2017 and is downtrending. It has underperformed by 23.80% the S&P500.The move comes after 8 months negative chart setup for the $1.56 billion company. It was reported on Jan, 14 by Barchart.com. We have $33.40 PT which if reached, will make NASDAQ:SEDG worth $124.88M less.

Eaton Vance Management increased Ecolab Inc (ECL) stake by 2.93% reported in 2017Q3 SEC filing. Eaton Vance Management acquired 43,467 shares as Ecolab Inc (ECL)’s stock rose 2.53%. The Eaton Vance Management holds 1.52 million shares with $196.10M value, up from 1.48 million last quarter. Ecolab Inc now has $39.78B valuation. The stock increased 0.47% or $0.65 during the last trading session, reaching $137.68. About 1.27 million shares traded or 18.20% up from the average. Ecolab Inc. (NYSE:ECL) has risen 9.41% since January 14, 2017 and is uptrending. It has underperformed by 7.29% the S&P500.

Among 21 analysts covering Ecolab (NYSE:ECL), 10 have Buy rating, 1 Sell and 10 Hold. Therefore 48% are positive. Ecolab had 55 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was upgraded by J.P. Morgan to “Buy” on Friday, May 26. The firm has “Buy” rating by Canaccord Genuity given on Thursday, July 27. The firm has “Buy” rating given on Tuesday, August 11 by Deutsche Bank. The stock of Ecolab Inc. (NYSE:ECL) has “Neutral” rating given on Monday, April 3 by Instinet. The stock has “Overweight” rating by Piper Jaffray on Tuesday, November 3. Credit Suisse maintained Ecolab Inc. (NYSE:ECL) rating on Thursday, August 3. Credit Suisse has “Hold” rating and $12800 target. The firm has “Outperform” rating by Oppenheimer given on Tuesday, November 3. The stock has “Hold” rating by Citigroup on Friday, January 5. On Wednesday, February 24 the stock rating was maintained by Canaccord Genuity with “Buy”. The rating was downgraded by Deutsche Bank to “Hold” on Monday, October 19.

Eaton Vance Management decreased Ross Stores Inc (NASDAQ:ROST) stake by 49,589 shares to 290,735 valued at $18.77M in 2017Q3. It also reduced Pioneer Nat Res Co (NYSE:PXD) stake by 621,226 shares and now owns 25,223 shares. Pinnacle West Cap Corp (NYSE:PNW) was reduced too.

Investors sentiment increased to 1.19 in Q3 2017. Its up 0.25, from 0.94 in 2017Q2. It increased, as 31 investors sold ECL shares while 274 reduced holdings. 81 funds opened positions while 281 raised stakes. 213.37 million shares or 1.11% more from 211.02 million shares in 2017Q2 were reported. Ci Global Invests stated it has 55,615 shares. Hightower Advsrs Llc has 36,773 shares. Moreover, Advsr Asset Management has 0.06% invested in Ecolab Inc. (NYSE:ECL) for 27,717 shares. Liberty Cap Management holds 1.74% of its portfolio in Ecolab Inc. (NYSE:ECL) for 23,914 shares. Fulton Natl Bank Na reported 0.04% in Ecolab Inc. (NYSE:ECL). Cape Cod Five Cents Bankshares holds 48,429 shares. 128,253 were accumulated by Utd Svcs Automobile Association. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0.33% in Ecolab Inc. (NYSE:ECL). Live Your Vision Limited Company holds 50 shares or 0% of its portfolio. Thompson Siegel And Walmsley Limited Liability has invested 0% in Ecolab Inc. (NYSE:ECL). Patten And Patten Incorporated Tn has 0.28% invested in Ecolab Inc. (NYSE:ECL). Smithfield Tru Communications owns 642 shares or 0.01% of their US portfolio. Ally Financial owns 5,000 shares. Perigon Wealth Management Ltd reported 1,000 shares or 0.04% of all its holdings. State Of New Jersey Common Pension Fund D invested in 135,000 shares or 0.07% of the stock.

Since August 3, 2017, it had 1 buy, and 1 sale for $9.04 million activity. GATES WILLIAM H III also bought $10.01 million worth of Ecolab Inc. (NYSE:ECL) shares. Shares for $966,233 were sold by HANDLEY THOMAS W.

Analysts await SolarEdge Technologies, Inc. (NASDAQ:SEDG) to report earnings on February, 13. They expect $0.51 EPS, up 131.82% or $0.29 from last year’s $0.22 per share. SEDG’s profit will be $21.93 million for 17.79 P/E if the $0.51 EPS becomes a reality. After $0.61 actual EPS reported by SolarEdge Technologies, Inc. for the previous quarter, Wall Street now forecasts -16.39% negative EPS growth.

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 $1.56 billion. The companyÂ’s DC optimized inverter systems include power optimizers, inverters, and cloud monitoring software. It has a 25.97 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.

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