Analysts Set SolarEdge Technologies, Inc. (NASDAQ:SEDG) Price Target at $27.09

Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) have been given an average recommendation of “Reduce” by the twenty-five research firms that are presently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $27.6773.

SEDG has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their target price on SolarEdge Technologies from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of SolarEdge Technologies in a research report on Monday, December 29th. Morgan Stanley lifted their price objective on SolarEdge Technologies from $33.00 to $40.00 and gave the company an “equal weight” rating in a report on Thursday, February 19th. Citigroup lowered their price objective on shares of SolarEdge Technologies from $30.00 to $29.00 and set a “sell” rating for the company in a research note on Thursday, December 18th. Finally, Raymond James Financial started coverage on shares of SolarEdge Technologies in a report on Tuesday, January 13th. They set a “market perform” rating on the stock.

Hedge Funds Weigh In On SolarEdge Technologies

Institutional investors have recently bought and sold shares of the business. UBS Group AG lifted its holdings in SolarEdge Technologies by 234.8% during the third quarter. UBS Group AG now owns 3,554,504 shares of the semiconductor company’s stock worth $131,517,000 after buying an additional 2,492,776 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of SolarEdge Technologies by 612.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,448,643 shares of the semiconductor company’s stock valued at $53,600,000 after acquiring an additional 1,245,445 shares during the period. Menora Mivtachim Holdings LTD. increased 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 acquiring an additional 1,015,017 shares during the period. Electron Capital Partners LLC raised its position in shares of SolarEdge Technologies by 107.8% in the 3rd quarter. Electron Capital Partners LLC now owns 1,732,566 shares of the semiconductor company’s stock worth $64,105,000 after acquiring an additional 898,802 shares in the last quarter. Finally, ION Fund Management Ltd bought a new position in shares of SolarEdge Technologies in the 4th quarter worth $22,965,000. 95.10% of the stock is owned by hedge funds and other institutional investors.

SolarEdge Technologies Stock Performance

Shares of NASDAQ:SEDG opened at $37.44 on Monday. The firm’s 50 day simple moving average is $35.20 and its 200-day simple moving average is $34.73. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.48 and a current ratio of 2.17. SolarEdge Technologies has a one year low of $11.00 and a one year high of $48.60. The firm has a market cap of $2.26 billion, a PE ratio of -5.44 and a beta of 1.62.

SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly earnings results on Wednesday, February 18th. The semiconductor company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.05. SolarEdge Technologies had a negative return on equity of 45.54% and a negative net margin of 34.23%.The firm had revenue of $333.80 million during the quarter, compared to analyst estimates of $330.33 million. During the same quarter in the previous year, the business earned ($3.52) earnings per share. SolarEdge Technologies’s quarterly revenue was up 70.9% on a year-over-year basis. As a group, equities analysts predict that SolarEdge Technologies will post -4.54 EPS for the current year.

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.