SolarEdge Technologies (NASDAQ:SEDG) Price Target Raised to $39.00

SolarEdge Technologies (NASDAQ:SEDG) had its price objective increased by Barclays from $36.00 to $39.00 in a report released on Thursday morning,Benzinga reports. Barclays currently has an equal weight rating on the semiconductor company’s stock.

SEDG has been the topic of several other research reports. Citigroup cut their target price on SolarEdge Technologies from $30.00 to $29.00 and set a “sell” rating on the stock in a research report on Thursday, December 18th. Susquehanna boosted their price objective on shares of SolarEdge Technologies from $25.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, October 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of SolarEdge Technologies in a research note on Monday, December 29th. TD Cowen raised shares of SolarEdge Technologies from a “hold” rating to a “buy” rating and lifted their price target for the stock from $34.00 to $38.00 in a research note on Friday, January 9th. Finally, Royal Bank Of Canada upped their price target on shares of SolarEdge Technologies from $25.00 to $34.00 and gave the company a “sector perform” rating in a report on Thursday, November 6th. One analyst has rated the stock with a Buy rating, eighteen have issued a Hold rating and nine have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $25.21.

SolarEdge Technologies Stock Up 0.2%

Shares of NASDAQ:SEDG opened at $33.91 on Thursday. The company has a market cap of $2.03 billion, a price-to-earnings ratio of -3.51 and a beta of 1.66. SolarEdge Technologies has a 12 month low of $11.00 and a 12 month high of $48.60. The company has a current ratio of 2.28, a quick ratio of 1.60 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average price of $32.74 and a 200 day moving average price of $32.42.

Institutional Investors Weigh In On SolarEdge Technologies

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

SolarEdge Technologies Company Profile

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.