SolarEdge Technologies, Inc. (NASDAQ:SEDG) Given Consensus Rating of “Reduce” by Brokerages

Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) have earned an average rating of “Reduce” from the twenty-three brokerages that are currently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $35.6667.

A number of equities research analysts recently weighed in on the company. Susquehanna boosted their price objective on SolarEdge Technologies from $37.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, April 9th. UBS Group boosted their price objective on SolarEdge Technologies from $36.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Bank of America upgraded SolarEdge Technologies from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $17.00 to $40.00 in a research report on Tuesday, March 10th. Wells Fargo & Company boosted their price objective on 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, Royal Bank Of Canada reduced 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.

SolarEdge Technologies Trading Down 5.1%

Shares of SEDG opened at $57.15 on Wednesday. SolarEdge Technologies has a 52-week low of $13.73 and a 52-week high of $81.25. The business’s fifty day moving average is $52.71 and its 200-day moving average is $41.87. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.36 and a current ratio of 2.02. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of -9.32 and a beta of 1.42.

SolarEdge Technologies (NASDAQ:SEDG) last issued its quarterly earnings data 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). The firm had revenue of $309.90 million for the quarter, compared to the consensus estimate of $305.49 million. SolarEdge Technologies had a negative return on equity of 38.66% and a negative net margin of 28.56%.The company’s revenue was up 41.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.14) EPS. Equities analysts anticipate that SolarEdge Technologies will post -1.12 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Chairman More Avery sold 2,566 shares of the business’s stock in a transaction 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 sale, the chairman owned 295,379 shares in the company, valued at $11,448,890.04. The trade was a 0.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.04% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Glenmede Trust Co. NA acquired a new position in SolarEdge Technologies during the 1st quarter worth about $202,000. Bank of America Corp DE lifted its holdings in SolarEdge Technologies by 218.6% during the 1st quarter. Bank of America Corp DE now owns 404,297 shares of the semiconductor company’s stock worth $20,639,000 after buying an additional 277,385 shares during the period. California State Teachers Retirement System lifted its holdings in SolarEdge Technologies by 25.6% during the 1st quarter. California State Teachers Retirement System now owns 66,589 shares of the semiconductor company’s stock worth $3,399,000 after buying an additional 13,554 shares during the period. SummitTX Capital L.P. acquired a new position in SolarEdge Technologies during the 1st quarter worth about $272,000. Finally, Caxton Associates LLP acquired a new position in SolarEdge Technologies during the 1st quarter worth about $3,632,000. 95.10% of the stock is owned by institutional investors and hedge funds.

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.