SolarEdge Technologies (NASDAQ:SEDG) Stock Price Up 7.5% – Still a Buy?

SolarEdge Technologies, Inc. (NASDAQ:SEDG) shares traded up 7.5% on Tuesday . The company traded as high as $36.45 and last traded at $36.7820. Approximately 573,700 shares traded hands during trading, a decline of 83% from the average daily volume of 3,426,677 shares. The stock had previously closed at $34.20.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SEDG shares. Royal Bank Of Canada reduced their price objective on shares of SolarEdge Technologies from $30.00 to $24.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 6th. Barclays cut their price target on SolarEdge Technologies from $53.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 6th. Susquehanna reduced their price target on SolarEdge Technologies from $56.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. TD Cowen decreased their price objective on SolarEdge Technologies from $85.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Finally, UBS Group upgraded SolarEdge Technologies from a “neutral” rating to a “buy” rating and upped their price objective for the company from $36.00 to $42.00 in a report on Wednesday, August 26th. Two investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, SolarEdge Technologies has a consensus rating of “Reduce” and an average price target of $38.36.

SolarEdge Technologies Stock Performance

The stock has a market cap of $2.27 billion, a price-to-earnings ratio of -8.20 and a beta of 1.44. The stock’s fifty day moving average is $41.34 and its 200-day moving average is $46.40. The company has a quick ratio of 1.38, a current ratio of 2.03 and a debt-to-equity ratio of 0.85.

SolarEdge Technologies (NASDAQ:SEDG) last posted its earnings results on Wednesday, August 5th. The semiconductor company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.07. The company had revenue of $346.20 million for the quarter, compared to analyst estimates of $341.15 million. SolarEdge Technologies had a negative net margin of 20.29% and a negative return on equity of 29.17%. The business’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period last year, the business posted ($0.81) earnings per share. On average, analysts forecast that SolarEdge Technologies, Inc. will post -1.23 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SEDG. Handelsbanken Fonder AB lifted its holdings in shares of SolarEdge Technologies by 28.6% during the 4th quarter. Handelsbanken Fonder AB now owns 846,148 shares of the semiconductor company’s stock valued at $24,411,000 after purchasing an additional 188,086 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new stake in SolarEdge Technologies during the 2nd quarter worth approximately $55,514,000. Vanguard Group Inc. raised its holdings in SolarEdge Technologies by 5.5% during 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 during the period. Bank of America Corp DE lifted its stake in SolarEdge Technologies by 218.6% in the first quarter. Bank of America Corp DE now owns 404,297 shares of the semiconductor company’s stock valued at $20,639,000 after buying an additional 277,385 shares in the last quarter. Finally, ING Groep NV bought a new position in SolarEdge Technologies in the fourth quarter valued at approximately $13,848,000. 95.10% of the stock is currently owned by 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.