SolarEdge Technologies (NASDAQ:SEDG) Given New $85.00 Price Target at TD Cowen

SolarEdge Technologies (NASDAQ:SEDG) had its price target raised by TD Cowen from $43.00 to $85.00 in a report issued on Friday morning, Marketbeat Ratings reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

Several other analysts also recently issued reports on the stock. Susquehanna upped their price target on shares of SolarEdge Technologies from $37.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. JPMorgan Chase & Co. upped their price target on shares of SolarEdge Technologies from $32.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, April 16th. Royal Bank Of Canada reduced their price target on shares of SolarEdge Technologies from $32.00 to $30.00 and set a “sector perform” rating on the stock in a report on Thursday, May 7th. Jefferies Financial Group raised shares of SolarEdge Technologies from an “underperform” rating to a “hold” rating and upped their price objective for the company from $30.00 to $49.00 in a research note on Friday, March 20th. Finally, Citigroup reduced their price objective on shares of SolarEdge Technologies from $30.00 to $27.00 and set a “sell” rating on the stock in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat, SolarEdge Technologies currently has an average rating of “Reduce” and an average target price of $33.25.

SolarEdge Technologies Stock Up 4.3%

Shares of NASDAQ SEDG opened at $76.35 on Friday. SolarEdge Technologies has a 12-month low of $13.73 and a 12-month high of $81.25. The company has a market capitalization of $4.64 billion, a PE ratio of -12.46 and a beta of 1.18. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.02 and a quick ratio of 1.36. The firm’s 50-day moving average is $49.02 and its two-hundred day moving average is $39.50.

SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.20). SolarEdge Technologies had a negative net margin of 28.56% and a negative return on equity of 38.66%. The business had revenue of $309.90 million during the quarter, compared to analysts’ expectations of $305.49 million. During the same period last year, the company earned ($1.14) EPS. The firm’s revenue for the quarter was up 41.5% on a year-over-year basis. Equities analysts anticipate that SolarEdge Technologies will post -1.12 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Chairman More Avery sold 2,566 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $38.76, for a total transaction of $99,458.16. Following the completion of the transaction, the chairman owned 295,379 shares of the company’s stock, valued at approximately $11,448,890.04. This represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.71% of the company’s stock.

Hedge Funds Weigh In On SolarEdge Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Accent Capital Management LLC acquired a new position in SolarEdge Technologies during the third quarter worth approximately $25,000. Hantz Financial Services Inc. increased its position in SolarEdge Technologies by 352.5% during the third quarter. Hantz Financial Services Inc. now owns 733 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 571 shares during the last quarter. State of Wyoming acquired a new position in SolarEdge Technologies during the fourth quarter worth approximately $27,000. Saranac Partners Ltd acquired a new position in SolarEdge Technologies during the third quarter worth approximately $28,000. Finally, Rakuten Securities Inc. increased its position in SolarEdge Technologies by 82.1% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 432 shares during the last quarter. Institutional investors and hedge funds 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.