SolarEdge Technologies Inc (NASDAQ:SEDG) shares are trading higher on Friday. The Nasdaq is up 0.71% while the S&P 500 has gained 0.38%.
SolarEdge Outperforms Tech Sector With Bullish Trends
Today, SolarEdge Technologies is putting in a strong performance, easily outpacing much of the technology sector, which is up 0.59%. The move also lines up with broader market strength, with both the Nasdaq and S&P 500 trading higher. The stock's momentum appears to be driven by improving technical signals and a renewed wave of bullish sentiment across tech.
SolarEdge is currently trading 9.5% above its 20‑day SMA and 16.6% above its 50‑day SMA, underscoring a solid short‑ and intermediate‑term uptrend. The stock has also climbed 108.11% over the past year, placing it well above its 200‑day SMA — a clear indication of strong long‑term momentum.
The RSI sits at 52.10, suggesting neutral conditions with room for further upside, while the MACD remains above its signal line, reinforcing the stock's ongoing bullish trend.
Supreme Court Ruling Lifts Market Sentiment
Additionally, the Supreme Court handed down a major ruling that struck down President Donald Trump's former global tariff program, triggering a strong rally across U.S. equities as investors welcomed the end of duties that had weighed on trade for nearly a year.
The Court ruled that the IEEPA law — which allows presidents to regulate certain aspects of imports during national emergencies — does not give the executive branch the power to create new tariffs. Trump had relied on emergency declarations to impose escalating tariffs on imports from Canada, Mexico, China and other trading partners, with some Chinese duties ultimately climbing to effective rates as high as 145%.
SolarEdge is an Israeli-based company exposed to global supply chains, and the removal of tariff uncertainty is seemingly helping ease cost pressures and improve sentiment around solar names.
Analyst Consensus & Recent Actions: The stock carries a Hold Rating with an average price target of $27.58. Some of the recent analyst moves include:
- Goldman Sachs: Neutral (Raises Target to $36.00) (Feb. 19)
- RBC Capital: Sector Perform (Lowers Target to $32.00) (Feb. 19)
- Barclays: Equal-Weight (Raises Target to $39.00) (Jan. 15)
Benzinga Edge Rankings
Below is the Benzinga Edge scorecard for SolarEdge Technologies, highlighting its strengths and weaknesses compared to the broader market:
- Momentum: Strong (Score: 87.78) — Stock is outperforming the broader market.
The Verdict: SolarEdge Technologies’ Benzinga Edge signal reveals robust momentum, with a score of 87.78 indicating strong performance relative to the market. This high momentum score suggests that the stock is likely to continue its upward trajectory, supported by solid technical indicators and positive sector perfor
SEDG Price Action: SolarEdge shares were up 7.52% at $37.59 at the time of publication on Friday, according to Benzinga Pro data.
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