SolarEdge Technologies (NASDAQ:SEDG) Price Target Raised to $41.00

SolarEdge Technologies (NASDAQ:SEDG) had its price objective upped by equities research analysts at Barclays from $39.00 to $41.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the semiconductor company’s stock. Barclays‘s price target would suggest a potential downside of 5.38% from the company’s current price.

Several other research analysts have also commented on SEDG. Bank of America raised SolarEdge Technologies from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $17.00 to $40.00 in a research report on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft cut their price target on SolarEdge Technologies from $35.00 to $33.00 and set a “hold” rating on the stock in a research report on Friday, February 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SolarEdge Technologies in a research report on Monday, December 29th. TD Cowen lifted their price target on SolarEdge Technologies from $38.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Finally, Raymond James Financial initiated coverage on SolarEdge Technologies in a research report on Tuesday, January 13th. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a Buy rating, eighteen have issued a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $29.18.

SolarEdge Technologies Stock Down 1.2%

SolarEdge Technologies stock traded down $0.52 during mid-day trading on Wednesday, hitting $43.33. The company had a trading volume of 2,163,041 shares, compared to its average volume of 3,355,534. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of -6.32 and a beta of 1.35. SolarEdge Technologies has a 1 year low of $11.00 and a 1 year high of $53.75. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.82. The business has a fifty day moving average of $40.09 and a 200 day moving average of $36.56.

SolarEdge Technologies (NASDAQ:SEDG) last released its quarterly earnings results on Thursday, February 26th. The semiconductor company reported ($0.14) EPS for the quarter. The firm had revenue of $333.80 million for the quarter. SolarEdge Technologies had a negative return on equity of 45.54% and a negative net margin of 34.23%. On average, sell-side analysts expect that SolarEdge Technologies will post -4.54 earnings per share for the current fiscal year.

Institutional Trading of SolarEdge Technologies

A number of institutional investors have recently modified their holdings of SEDG. Accent Capital Management LLC purchased a new stake in shares of SolarEdge Technologies in the third quarter valued at approximately $25,000. Whittier Trust Co. purchased a new stake in shares of SolarEdge Technologies in the third quarter valued at approximately $27,000. Hantz Financial Services Inc. boosted its stake in shares of SolarEdge Technologies by 352.5% in the third quarter. Hantz Financial Services Inc. now owns 733 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 571 shares in the last quarter. State of Wyoming purchased a new stake in shares of SolarEdge Technologies in the fourth quarter valued at approximately $27,000. Finally, Saranac Partners Ltd purchased a new stake in shares of SolarEdge Technologies in the third quarter valued at approximately $28,000. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

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.