Royal Bank Of Canada Issues Positive Forecast for SolarEdge Technologies (NASDAQ:SEDG) Stock Price

SolarEdge Technologies (NASDAQ:SEDG) had its price objective raised by research analysts at Royal Bank Of Canada from $24.00 to $30.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “sector perform” rating on the semiconductor company’s stock. Royal Bank Of Canada’s price target would suggest a potential downside of 17.16% from the company’s current price.

Several other equities analysts have also recently commented on the stock. UBS Group raised shares of SolarEdge Technologies from a “neutral” rating to a “buy” rating and raised their target price for the company from $36.00 to $42.00 in a research note on Wednesday, August 26th. The Goldman Sachs Group decreased their price objective on shares of SolarEdge Technologies from $34.00 to $30.00 and set a “sell” rating for the company in a report on Thursday, August 6th. Weiss Ratings raised SolarEdge Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 21st. Susquehanna cut their target price on SolarEdge Technologies from $56.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Finally, Barclays decreased their price target on SolarEdge Technologies from $53.00 to $37.00 and set an “equal weight” rating for the company in a research note on Thursday, August 6th. Two analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, SolarEdge Technologies currently has a consensus rating of “Reduce” and an average target price of $38.79.

SolarEdge Technologies Trading Down 1.5%

Shares of SEDG stock opened at $36.21 on Friday. SolarEdge Technologies has a 1 year low of $28.21 and a 1 year high of $81.25. The firm has a market capitalization of $2.23 billion, a PE ratio of -7.95 and a beta of 1.44. The stock has a fifty day moving average of $40.18 and a two-hundred day moving average of $46.40. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.38 and a current ratio of 2.03.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund lifted its holdings 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 purchasing an additional 300 shares during the last quarter. State of Wyoming increased its stake in SolarEdge Technologies by 32.9% in the 1st quarter. State of Wyoming now owns 1,237 shares of the semiconductor company’s stock worth $63,000 after purchasing an additional 306 shares in the last quarter. Tidal Investments LLC raised 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 worth $865,000 after buying an additional 484 shares during the period. Allworth Financial LP acquired a new stake in SolarEdge Technologies during the 2nd quarter worth about $31,000. Finally, Tower Research Capital LLC TRC lifted its stake in SolarEdge Technologies by 28.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 553 shares in the last quarter. Institutional investors and hedge funds 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.