Analysts Set SolarEdge Technologies, Inc. (NASDAQ:SEDG) PT at $36.94

SolarEdge Technologies, Inc. (NASDAQ:SEDG) has been given a consensus rating of “Reduce” by the twenty ratings firms that are covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $38.6875.

SEDG has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft cut their price target on SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating for the company in a research note on Thursday, May 7th. Royal Bank Of Canada lowered their price objective on SolarEdge Technologies from $32.00 to $30.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 7th. Citigroup cut their target price on SolarEdge Technologies from $30.00 to $27.00 and set a “sell” rating for the company in a research report on Thursday, May 7th. Weiss Ratings raised SolarEdge Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 24th. Finally, UBS Group boosted their price target on SolarEdge Technologies from $36.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th.

SolarEdge Technologies Stock Performance

SEDG opened at $52.34 on Friday. The firm has a market cap of $3.18 billion, a P/E ratio of -8.54 and a beta of 1.45. SolarEdge Technologies has a 1-year low of $23.01 and a 1-year high of $81.25. The company has a 50 day simple moving average of $57.95 and a two-hundred day simple moving average of $45.49. 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 (NASDAQ:SEDG) last announced its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported ($0.43) 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 firm had revenue of $309.90 million for the quarter, compared to the consensus estimate of $305.49 million. During the same quarter in the previous year, the business earned ($1.14) earnings per share. The firm’s revenue for the quarter was up 41.5% on a year-over-year basis. Equities analysts forecast that SolarEdge Technologies will post -1.1 earnings per share for the current fiscal year.

Insider Activity

In other news, Chairman More Avery sold 2,566 shares of SolarEdge Technologies 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 sale, the chairman owned 295,379 shares in the company, valued at $11,448,890.04. This trade represents a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.04% of the stock is currently owned by insiders.

Hedge Funds Weigh In On SolarEdge Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Handelsbanken Fonder AB boosted its stake in SolarEdge Technologies by 28.6% during the fourth quarter. Handelsbanken Fonder AB now owns 846,148 shares of the semiconductor company’s stock valued at $24,411,000 after buying an additional 188,086 shares during the last quarter. Vanguard Group Inc. increased its stake in 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 acquiring an additional 175,582 shares during the last quarter. Aquatic Capital Management LLC increased its stake in SolarEdge Technologies by 1,282.8% in the 3rd quarter. Aquatic Capital Management LLC now owns 125,473 shares of the semiconductor company’s stock worth $4,643,000 after acquiring an additional 116,399 shares during the last quarter. UBS Group AG raised its holdings in shares of SolarEdge Technologies by 18.5% during the 4th quarter. UBS Group AG now owns 4,210,429 shares of the semiconductor company’s stock worth $121,471,000 after acquiring an additional 655,925 shares in the last quarter. Finally, ING Groep NV purchased a new stake in shares of SolarEdge Technologies during the 4th quarter worth approximately $13,848,000. Institutional investors own 95.10% of the company’s stock.

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.