UBS Group Cuts SolarEdge Technologies (NASDAQ:SEDG) Price Target to $36.00

SolarEdge Technologies (NASDAQ:SEDG) had its target price cut by UBS Group from $40.00 to $36.00 in a research note issued to investors on Monday morning,MarketScreener reports. They currently have a neutral rating on the semiconductor company’s stock.

SEDG has been the subject of a number of other reports. Citigroup decreased their target price on SolarEdge Technologies from $30.00 to $29.00 and set a “sell” rating for the company in a research report on Thursday, December 18th. Jefferies Financial Group restated an “underperform” rating on shares of SolarEdge Technologies in a report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft cut their target price on shares of SolarEdge Technologies from $35.00 to $33.00 and set a “hold” rating on the stock in a research report on Friday, February 20th. Wells Fargo & Company upped their price target on shares of SolarEdge Technologies from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Finally, Barclays lifted their price objective on shares of SolarEdge Technologies from $36.00 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. One analyst has rated the stock with a Buy rating, sixteen have assigned a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat, SolarEdge Technologies currently has an average rating of “Reduce” and a consensus price target of $27.09.

SolarEdge Technologies Trading Up 0.3%

Shares of SEDG opened at $37.94 on Monday. SolarEdge Technologies has a 1-year low of $11.00 and a 1-year high of $48.60. The company has a 50-day moving average of $34.37 and a 200 day moving average of $34.56. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of -5.51 and a beta of 1.62. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.17 and a quick ratio of 1.48.

SolarEdge Technologies (NASDAQ:SEDG) last issued its earnings results on Wednesday, February 18th. The semiconductor company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.05. The business had revenue of $333.80 million for the quarter, compared to analyst estimates of $330.33 million. SolarEdge Technologies had a negative net margin of 34.23% and a negative return on equity of 45.54%. The company’s quarterly revenue was up 70.9% compared to the same quarter last year. During the same period last year, the company posted ($3.52) earnings per share. On average, research analysts expect that SolarEdge Technologies will post -4.54 EPS for the current year.

Institutional Trading of SolarEdge Technologies

Large investors have recently bought and sold shares of the stock. Accent Capital Management LLC purchased a new position in shares of SolarEdge Technologies in the third quarter worth $25,000. Whittier Trust Co. purchased a new position in SolarEdge Technologies in the 3rd quarter worth $27,000. Hantz Financial Services Inc. raised 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 worth $27,000 after acquiring an additional 571 shares during the last quarter. State of Wyoming acquired a new stake in SolarEdge Technologies during the 4th quarter worth about $27,000. Finally, Saranac Partners Ltd purchased a new stake in SolarEdge Technologies during the 3rd quarter valued at about $28,000. Hedge funds and other institutional investors 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.