SolarEdge Technologies (NASDAQ:SEDG) Price Target Raised to $27.00 at Morgan Stanley

SolarEdge Technologies (NASDAQ:SEDG) had its price target increased by Morgan Stanley from $25.00 to $27.00 in a research report sent to investors on Thursday,MarketScreener reports. They currently have an underweight rating on the semiconductor company’s stock.

SEDG has been the topic of a number of other research reports. BMO Capital Markets upped their target price on shares of SolarEdge Technologies from $19.00 to $25.00 and gave the company an “underperform” rating in a research report on Thursday. JPMorgan Chase & Co. upped their price objective on shares of SolarEdge Technologies from $27.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Royal Bank Of Canada increased their price objective on shares of SolarEdge Technologies from $25.00 to $34.00 and gave the stock a “sector perform” rating in a research report on Thursday. BNP Paribas Exane lowered SolarEdge Technologies from a “neutral” rating to an “underperform” rating and set a $17.00 target price on the stock. in a research report on Wednesday, July 16th. Finally, Wells Fargo & Company upped their price target on SolarEdge Technologies from $15.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Friday, August 8th. Eighteen equities research analysts have rated the stock with a Hold rating and ten have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $24.20.

SolarEdge Technologies Trading Up 2.9%

Shares of NASDAQ SEDG traded up $1.12 during midday trading on Thursday, reaching $40.00. 5,163,923 shares of the stock were exchanged, compared to its average volume of 4,677,139. The stock has a market capitalization of $2.38 billion, a P/E ratio of -1.34 and a beta of 1.63. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.42 and a current ratio of 1.94. The company has a 50 day simple moving average of $35.85 and a 200 day simple moving average of $26.81. SolarEdge Technologies has a twelve month low of $10.24 and a twelve month high of $41.92.

SolarEdge Technologies (NASDAQ:SEDG) last issued its quarterly earnings data on Wednesday, November 5th. The semiconductor company reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($0.43) by $0.12. SolarEdge Technologies had a negative return on equity of 191.53% and a negative net margin of 177.64%.The company had revenue of $339.70 million during the quarter, compared to analyst estimates of $331.13 million. During the same period in the prior year, the business posted ($15.33) earnings per share. The firm’s revenue for the quarter was up 30.4% compared to the same quarter last year. SolarEdge Technologies has set its Q4 2025 guidance at EPS. As a group, equities analysts expect that SolarEdge Technologies will post -4.54 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. increased its stake in shares of SolarEdge Technologies by 612.9% during the third quarter. Assenagon Asset Management S.A. now owns 1,448,643 shares of the semiconductor company’s stock worth $53,600,000 after buying an additional 1,245,445 shares during the period. Ion Asset Management Ltd. increased its position in shares of SolarEdge Technologies by 135.9% in the 1st quarter. Ion Asset Management Ltd. now owns 2,082,497 shares of the semiconductor company’s stock valued at $33,695,000 after purchasing an additional 1,199,801 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of SolarEdge Technologies by 10,038.2% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,109,225 shares of the semiconductor company’s stock valued at $17,945,000 after purchasing an additional 1,098,284 shares during the last quarter. Menora Mivtachim Holdings LTD. raised its holdings in shares of SolarEdge Technologies by 213.4% in the 2nd quarter. Menora Mivtachim Holdings LTD. now owns 1,490,637 shares of the semiconductor company’s stock valued at $30,409,000 after purchasing an additional 1,015,017 shares in the last quarter. Finally, Electron Capital Partners LLC purchased a new stake in shares of SolarEdge Technologies during the 2nd quarter worth $17,009,000. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

About SolarEdge Technologies

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.