Chronicle Journal: Finance

Research Reports Initiation on Semiconductor Stocks -- SolarEdge Technologies, Life Storage, Sigma Designs, and ReneSola

NEW YORK, January 27, 2017 /PRNewswire/ -- has on its watch four companies in the Specialized Semiconductor industry, which are SolarEdge Technologies Inc. (NASDAQ: SEDG), Life Storage Inc. (NYSE: LSI), Sigma Designs Inc. (NASDAQ: SIGM), and ReneSola Ltd (NYSE: SOL). These equities belong to the Technology sector which fell for the first time this week, with shares of Tech companies in the S&P 500 slipping about 0.3%, just before the closing bell on Thursday, January 26th, 2017. Learn more about these stocks by downloading their free report at:

SolarEdge Technologies  

Herziliya Pituach, Israel headquartered SolarEdge Technologies Inc.'s stock finished Thursday's session 2.58% lower at $13.20 with a total trading volume of 280,604 shares. The Company's shares have advanced 4.35% in the past month and 6.45% on an YTD basis. The stock is trading below its 50-day moving average by 0.40%. Furthermore, shares of SolarEdge Technologies, which together with its subsidiaries, designs, develops, manufactures, and sells direct current optimized inverter systems for solar photovoltaic installations in Israel, Europe, the US, and internationally, have a Relative Strength Index (RSI) of 48.70.

On November 09th, 2016, SolarEdge reported revenues of $128.5 million for the quarter ended September 30th, 2016, an increase of 12% on a y-o-y basis. The Company's GAAP gross margin reached 32.6% for the quarter ended September 30th, 2016, up 29.1% on a y-o-y basis. SolarEdge's GAAP net income was $15.6 million, or $0.35 per share, for the quarter ended September 30th, 2016, up from net income of $14.4 million, or $0.32 per share y-o-y. As of September 30th, 2016, the Company's cash, cash equivalents, restricted cash, and marketable securities totaled $206.7 million compared to $186.6 million on June 30th, 2016. The free research report on SEDG is available at:

Life Storage  

Shares in Buffalo, New York headquartered Life Storage Inc. ended at $82.45, declining 0.53% from the last trading session. The stock recorded a trading volume of 371,555 shares. The Company's shares have gained 0.83% in the last month. The stock is trading 0.54% above its 50-day moving average. Moreover, shares of Life Storage, which primarily acquires, owns and manages self-storage properties, have an RSI of 51.32.

On January 17th, 2017, Life Storage announced that it will issue financial results for the quarter ended December 31st, 2016, after the market closes on February 15th, 2017, via a press release. The Company will conduct a conference call to discuss operations and review financial results on February 16th, 2017 at 9:00 a.m. ET.

On January 20th, 2017, research firm SunTrust downgraded the Company's stock rating from 'Buy' to 'Hold'. The complimentary report on LSI can be downloaded at:

Sigma Designs  

Fremont, California headquartered Sigma Designs Inc.'s stock ended yesterday's session 1.55% lower at $6.35 with a total trading volume of 100,706 shares. The Company's shares have advanced 8.55% in the past month and 5.83% on an YTD basis. The stock is trading 4.83% below its 50-day moving average. Additionally, shares of Sigma Designs, which provides intelligent media platforms for use in the home entertainment and home control markets, have an RSI of 48.68.

On January 04th, 2017, Sigma Design announced Z-Wave SmartStart, an enhancement to the Z-Wave specification, which vastly improves service provider installation of Z-Wave devices in the smart home. Z-Wave SmartStart pre-configures devices to the network before they reach the home, dramatically reducing the time service providers spend at the customer premise, thereby reducing costs and maximizing return on investment. Visit us today and download our complete research report on SIGM for free at:


At the close on Thursday, shares in Jiashan, the People's Republic of China headquartered ReneSola Ltd recorded a trading volume of 160,203 shares. The stock finished 0.87% higher at $0.63. The Company's shares are trading below their 50-day moving average by 10.55%. Furthermore, shares of ReneSola, which through its subsidiaries, manufactures and sells various solar power products in the People's Republic of China and internationally, have an RSI of 37.48.

On January 24th, 2017, ReneSola announced that it formed a strategic partnership with China Resources Leasing Co., Ltd, a subsidiary of China Resources (Holdings) Co., Ltd, a conglomerate registered in Hong Kong with seven key strategic business units and over 1,900 business entities. Under terms of the partnership agreement, China Resources Leasing will provide ReneSola with an annual credit facility of no less than RMB 1 billion for the Company's solar downstream project development. Get free access to your technical report on SOL at:


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