SolarEdge Technologies (NASDAQ:SEDG) Trading Up 5.8% – What’s Next?

SolarEdge Technologies, Inc. (NASDAQ:SEDG) was up 5.8% during mid-day trading on Tuesday . The company traded as high as $35.45 and last traded at $36.2690. Approximately 1,936,997 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 4,669,159 shares. The stock had previously closed at $34.27.

Analysts Set New Price Targets

Several research firms have weighed in on SEDG. Roth Capital raised their target price on SolarEdge Technologies from $15.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, August 5th. Citigroup upped their price objective on shares of SolarEdge Technologies from $9.00 to $30.00 and gave the stock a “sell” rating in a research note on Tuesday, October 21st. Royal Bank Of Canada boosted their target price on SolarEdge Technologies from $25.00 to $34.00 and gave the stock a “sector perform” rating in a report on Thursday, November 6th. Wall Street Zen raised shares of SolarEdge Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of SolarEdge Technologies in a research report on Wednesday, October 8th. Eighteen analysts have rated the stock with a Hold rating and ten have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $24.62.

SolarEdge Technologies Trading Up 6.6%

The company has a current ratio of 1.94, a quick ratio of 1.42 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $2.19 billion, a P/E ratio of -1.21 and a beta of 1.63. The business has a 50 day moving average of $36.75 and a 200-day moving average of $28.36.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp grew its stake in shares of SolarEdge Technologies by 1.2% during the 1st quarter. Bank of New York Mellon Corp now owns 269,944 shares of the semiconductor company’s stock worth $4,368,000 after acquiring an additional 3,171 shares in the last quarter. New York State Common Retirement Fund acquired a new position in shares of SolarEdge Technologies during the 1st quarter worth about $664,000. Baillie Gifford & Co. grew its holdings in shares of SolarEdge Technologies by 17.7% in the 1st quarter. Baillie Gifford & Co. now owns 125,898 shares of the semiconductor company’s stock valued at $2,037,000 after acquiring an additional 18,921 shares in the last quarter. Corton Capital Inc. acquired a new stake in shares of SolarEdge Technologies in the first quarter valued at about $253,000. Finally, Banque Cantonale Vaudoise acquired a new position in SolarEdge Technologies during the first quarter valued at approximately $35,000. 95.10% of the stock is currently owned by 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.