Citigroup Issues Positive Forecast for SolarEdge Technologies (NASDAQ:SEDG) Stock Price

SolarEdge Technologies (NASDAQ:SEDG) had its price target increased by Citigroup from $9.00 to $30.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have a sell rating on the semiconductor company’s stock.

Other analysts have also issued reports about the company. Wall Street Zen upgraded SolarEdge Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Guggenheim raised their target price on SolarEdge Technologies from $5.00 to $7.00 and gave the company a “sell” rating in a research note on Monday, August 25th. The Goldman Sachs Group raised their target price on SolarEdge Technologies from $27.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday, September 11th. Deutsche Bank Aktiengesellschaft raised their target price on SolarEdge Technologies from $19.00 to $28.00 and gave the company a “hold” rating in a research note on Wednesday, October 1st. Finally, Morgan Stanley raised their target price on SolarEdge Technologies from $17.00 to $25.00 and gave the company an “underweight” rating in a research note on Thursday, October 16th. Eighteen investment analysts have rated the stock with a Hold rating and eleven have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $21.68.

SolarEdge Technologies Stock Down 3.1%

Shares of NASDAQ:SEDG opened at $38.77 on Tuesday. SolarEdge Technologies has a 52 week low of $10.24 and a 52 week high of $41.92. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.42 and a current ratio of 1.94. The company’s fifty day moving average is $34.44 and its 200-day moving average is $24.81. The company has a market capitalization of $2.30 billion, a PE ratio of -1.29 and a beta of 1.58.

SolarEdge Technologies (NASDAQ:SEDG) last issued its earnings results on Thursday, August 7th. The semiconductor company reported ($0.81) EPS for the quarter, meeting the consensus estimate of ($0.81). SolarEdge Technologies had a negative net margin of 177.64% and a negative return on equity of 191.53%. The company had revenue of $289.43 million for the quarter, compared to the consensus estimate of $270.03 million. During the same quarter in the previous year, the company earned ($1.79) EPS. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. SolarEdge Technologies has set its Q3 2025 guidance at EPS. Equities research analysts predict that SolarEdge Technologies will post -4.54 earnings per share for the current fiscal year.

Institutional Trading of SolarEdge Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in SolarEdge Technologies by 5.1% in the third quarter. GAMMA Investing LLC now owns 6,207 shares of the semiconductor company’s stock worth $230,000 after purchasing an additional 302 shares during the period. Resona Asset Management Co. Ltd. increased its position in SolarEdge Technologies by 6.7% in the second quarter. Resona Asset Management Co. Ltd. now owns 6,472 shares of the semiconductor company’s stock worth $128,000 after purchasing an additional 404 shares during the period. Tidal Investments LLC increased its position in SolarEdge Technologies by 1.2% in the second quarter. Tidal Investments LLC now owns 42,411 shares of the semiconductor company’s stock worth $865,000 after purchasing an additional 484 shares during the period. Maryland State Retirement & Pension System grew its position in shares of SolarEdge Technologies by 2.9% during the 2nd quarter. Maryland State Retirement & Pension System now owns 17,352 shares of the semiconductor company’s stock worth $354,000 after buying an additional 486 shares during the period. Finally, Public Employees Retirement System of Ohio increased its stake in shares of SolarEdge Technologies by 21.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,868 shares of the semiconductor company’s stock valued at $59,000 after acquiring an additional 508 shares during the last quarter. 95.10% of the stock is currently owned by institutional investors and hedge funds.

About SolarEdge Technologies

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.