SolarEdge Technologies (NASDAQ:SEDG) Upgraded by TD Cowen to Buy Rating

TD Cowen upgraded shares of SolarEdge Technologies (NASDAQ:SEDG) from a hold rating to a buy rating in a research report report published on Friday morning, Marketbeat reports. TD Cowen currently has $38.00 price target on the semiconductor company’s stock, up from their prior price target of $34.00.

Other equities analysts have also recently issued reports about the company. Susquehanna increased their target price on SolarEdge Technologies from $25.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, October 13th. Citigroup reduced their price objective on shares of SolarEdge Technologies from $30.00 to $29.00 and set a “sell” rating on the stock in a research note on Thursday, December 18th. JPMorgan Chase & Co. raised 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. Morgan Stanley upgraded shares of SolarEdge Technologies from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $27.00 to $33.00 in a research note on Tuesday, December 16th. Finally, BMO Capital Markets increased their price target on shares of SolarEdge Technologies from $19.00 to $25.00 and gave the stock an “underperform” rating in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Buy rating, eighteen have issued a Hold rating and nine have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $24.62.

SolarEdge Technologies Trading Up 8.7%

Shares of SEDG opened at $32.89 on Friday. SolarEdge Technologies has a one year low of $11.00 and a one year high of $48.60. The stock has a 50-day moving average price of $32.99 and a 200 day moving average price of $31.83. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.60 and a current ratio of 2.28. The company has a market capitalization of $1.97 billion, a P/E ratio of -3.40 and a beta of 1.66.

Institutional Investors Weigh In On SolarEdge Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the business. Accent Capital Management LLC acquired a new position in SolarEdge Technologies in the third quarter valued at approximately $25,000. Whittier Trust Co. bought a new stake in shares of SolarEdge Technologies in the 3rd quarter worth approximately $27,000. Hantz Financial Services Inc. lifted its holdings in shares of SolarEdge Technologies by 352.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 733 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 571 shares during the last quarter. Saranac Partners Ltd bought a new position in SolarEdge Technologies during the 3rd quarter worth $28,000. Finally, Canada Pension Plan Investment Board bought a new position in SolarEdge Technologies during the 2nd quarter worth $35,000. Institutional investors and hedge funds own 95.10% of the company’s stock.

About SolarEdge Technologies

SolarEdge Technologies (NASDAQ: SEDG) is a global provider of solar energy solutions focused on optimizing photovoltaic (PV) power generation. The company’s core offerings include power optimizers, inverters and cloud-based monitoring platforms designed to maximize energy output and improve safety across residential, commercial and utility-scale installations. By coupling module-level electronics with centralized inverters, SolarEdge’s technology enables real-time performance monitoring and rapid fault detection to enhance system reliability.

In recent years, SolarEdge has expanded its product portfolio beyond solar PV to include energy storage systems, electric vehicle (EV) charging solutions and smart energy management tools.