TD Cowen Issues Pessimistic Forecast for SolarEdge Technologies (NASDAQ:SEDG) Stock Price

SolarEdge Technologies (NASDAQ:SEDG) had its price objective cut by research analysts at TD Cowen from $85.00 to $75.00 in a report issued on Monday, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. TD Cowen’s price target suggests a potential upside of 49.19% from the stock’s previous close.

Several other analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating for the company in a research report on Thursday, May 7th. Royal Bank Of Canada cut their target price on shares of SolarEdge Technologies from $32.00 to $30.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 7th. Glj Research restated a “sell” rating on shares of SolarEdge Technologies in a report on Thursday, June 11th. UBS Group lifted their price target on shares of SolarEdge Technologies from $36.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, Wells Fargo & Company assumed coverage on shares of SolarEdge Technologies in a report on Monday, June 29th. They set an “equal weight” rating and a $36.00 price objective on the stock. One research analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $38.06.

SolarEdge Technologies Stock Up 3.4%

Shares of SolarEdge Technologies stock opened at $50.27 on Monday. SolarEdge Technologies has a one year low of $23.01 and a one year high of $81.25. 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 stock’s 50-day moving average is $58.53 and its 200 day moving average is $45.95. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of -8.20 and a beta of 1.45.

SolarEdge Technologies (NASDAQ:SEDG) last issued its earnings results on Wednesday, May 6th. The semiconductor company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $305.49 million. During the same quarter in the previous year, the firm posted ($1.14) earnings per share. The company’s revenue for the quarter was up 41.5% compared to the same quarter last year. Equities research analysts anticipate that SolarEdge Technologies will post -1.1 EPS for the current year.

Insider Activity at SolarEdge Technologies

In other news, Chairman More Avery sold 2,566 shares of the company’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 transaction of $99,458.16. Following the transaction, the chairman directly owned 295,379 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through this link. 1.04% of the stock is currently owned by corporate insiders.

Institutional Trading of SolarEdge Technologies

Several hedge funds have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund grew its stake in shares of SolarEdge Technologies by 2.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 13,677 shares of the semiconductor company’s stock valued at $395,000 after buying an additional 300 shares during the last quarter. State of Wyoming lifted its stake in shares of SolarEdge Technologies by 32.9% in the 1st quarter. State of Wyoming now owns 1,237 shares of the semiconductor company’s stock valued at $63,000 after acquiring an additional 306 shares during the last quarter. Rakuten Securities Inc. lifted its stake in shares of SolarEdge Technologies by 82.1% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 432 shares during the last quarter. Tidal Investments LLC boosted its holdings in SolarEdge Technologies by 1.2% during the 2nd quarter. Tidal Investments LLC now owns 42,411 shares of the semiconductor company’s stock valued at $865,000 after acquiring an additional 484 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in SolarEdge Technologies by 28.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the semiconductor company’s stock valued at $51,000 after acquiring an additional 553 shares during the period. 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.