SolarEdge Technologies (NASDAQ:SEDG) Given New $53.00 Price Target at Barclays

SolarEdge Technologies (NASDAQ:SEDG) had its price objective raised by Barclays from $41.00 to $53.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have an equal weight rating on the semiconductor company’s stock.

SEDG has been the topic of a number of other research reports. Jefferies Financial Group raised SolarEdge Technologies from an “underperform” rating to a “hold” rating and raised their price target for the stock from $30.00 to $49.00 in a report on Friday, March 20th. Citigroup reduced their price objective on SolarEdge Technologies from $30.00 to $27.00 and set a “sell” rating for the company in a research note on Thursday, May 7th. Glj Research reaffirmed a “sell” rating on shares of SolarEdge Technologies in a research report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft lowered their target price on SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating on the stock in a research note on Thursday, May 7th. Finally, The Goldman Sachs Group reissued a “sell” rating and issued a $31.00 target price (down from $36.00) on shares of SolarEdge Technologies in a report on Wednesday, April 15th. One equities research analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and seven have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, SolarEdge Technologies presently has an average rating of “Reduce” and an average target price of $36.94.

SolarEdge Technologies Stock Up 0.8%

Shares of NASDAQ:SEDG opened at $55.18 on Friday. The stock has a market cap of $3.36 billion, a P/E ratio of -9.00 and a beta of 1.45. The firm has a fifty day moving average price of $57.00 and a 200 day moving average price of $44.74. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.02 and a quick ratio of 1.36. SolarEdge Technologies has a 1-year low of $23.01 and a 1-year high of $81.25.

SolarEdge Technologies (NASDAQ:SEDG) last issued its quarterly earnings data 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 return on equity of 38.66% and a negative net margin of 28.56%.The business had revenue of $309.90 million for the quarter, compared to analysts’ expectations of $305.49 million. During the same period in the previous year, the business posted ($1.14) earnings per share. The company’s revenue for the quarter was up 41.5% on a year-over-year basis. Sell-side analysts predict that SolarEdge Technologies will post -1.1 EPS for the current year.

Insiders Place Their Bets

In related news, Chairman More Avery sold 2,566 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $38.76, for a total value of $99,458.16. Following the completion of the transaction, the chairman directly owned 295,379 shares of the company’s stock, valued at $11,448,890.04. This trade represents a 0.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.04% of the stock is owned by insiders.

Institutional Trading of SolarEdge Technologies

A number of institutional investors have recently bought and sold shares of SEDG. UBS Group AG increased its position in shares of SolarEdge Technologies by 18.5% in the fourth quarter. UBS Group AG now owns 4,210,429 shares of the semiconductor company’s stock valued at $121,471,000 after buying an additional 655,925 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of SolarEdge Technologies by 5.5% in the 4th quarter. Vanguard Group Inc. now owns 3,368,073 shares of the semiconductor company’s stock worth $97,169,000 after buying an additional 175,582 shares in the last quarter. Invesco Ltd. boosted its position in shares of SolarEdge Technologies by 28.6% in the 4th quarter. Invesco Ltd. now owns 2,169,822 shares of the semiconductor company’s stock worth $62,599,000 after buying an additional 483,052 shares in the last quarter. Menora Mivtachim Holdings LTD. grew its stake in SolarEdge Technologies by 41.1% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 2,103,521 shares of the semiconductor company’s stock valued at $77,830,000 after acquiring an additional 612,884 shares during the last quarter. Finally, Electron Capital Partners LLC grew its stake in 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 valued at $64,105,000 after acquiring an additional 898,802 shares during the last quarter. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

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.