SolarEdge Technologies (NASDAQ:SEDG) Shares Gap Up on Analyst Upgrade

SolarEdge Technologies, Inc. (NASDAQ:SEDG) gapped up before the market opened on Friday after TD Cowen upgraded the stock from a hold rating to a buy rating. The stock had previously closed at $30.26, but opened at $31.95. TD Cowen now has a $38.00 price target on the stock, up from their previous price target of $34.00. SolarEdge Technologies shares last traded at $32.2650, with a volume of 1,492,085 shares changing hands.

Other analysts have also issued reports about the company. BMO Capital Markets boosted their target price on SolarEdge Technologies from $19.00 to $25.00 and gave the company an “underperform” rating in a research report on Thursday, November 6th. Susquehanna raised their price objective on SolarEdge Technologies from $25.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, October 13th. Deutsche Bank Aktiengesellschaft upped their target price on SolarEdge Technologies from $19.00 to $28.00 and gave the stock a “hold” rating in a research report on Wednesday, October 1st. Morgan Stanley upgraded SolarEdge Technologies from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $27.00 to $33.00 in a report on Tuesday, December 16th. Finally, JPMorgan Chase & Co. boosted their price target on shares of SolarEdge Technologies from $27.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. One investment analyst has rated the stock with a Buy rating, eighteen have issued a Hold rating and nine have issued a Sell rating to the stock. Based on data from MarketBeat.com, SolarEdge Technologies currently has an average rating of “Reduce” and a consensus target price of $24.62.

Institutional Trading of SolarEdge Technologies

Several institutional investors have recently made changes to their positions in the company. Accent Capital Management LLC bought a new position in shares of SolarEdge Technologies during the third quarter valued at about $25,000. Whittier Trust Co. purchased a new stake in SolarEdge Technologies in the 3rd quarter valued at about $27,000. Hantz Financial Services Inc. increased its stake in SolarEdge Technologies by 352.5% in the 3rd 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 during the last quarter. Saranac Partners Ltd bought a new position in shares of SolarEdge Technologies during the 3rd quarter worth approximately $28,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of SolarEdge Technologies in the 2nd quarter worth approximately $35,000. Institutional investors own 95.10% of the company’s stock.

SolarEdge Technologies Price Performance

The stock has a market cap of $1.97 billion, a PE ratio of -3.40 and a beta of 1.66. 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 business has a 50 day moving average price of $32.99 and a two-hundred day moving average price of $31.92.

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.