Weiss Ratings Reaffirms “Sell (D-)” Rating for SolarEdge Technologies (NASDAQ:SEDG)

SolarEdge Technologies (NASDAQ:SEDG)‘s stock had its “sell (d-)” rating restated by investment analysts at Weiss Ratings in a report released on Saturday,Weiss Ratings reports.

A number of other research firms have also weighed in on SEDG. Oppenheimer reiterated a “market perform” rating on shares of SolarEdge Technologies in a research report on Monday, August 11th. Jefferies Financial Group lifted their price objective on shares of SolarEdge Technologies from $10.00 to $18.00 and gave the company an “underperform” rating in a research report on Monday, July 14th. Roth Capital lifted their price objective on shares of SolarEdge Technologies from $15.00 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of SolarEdge Technologies from $19.00 to $28.00 and gave the company a “hold” rating in a research report on Wednesday, October 1st. Finally, Mizuho lifted their price objective on shares of SolarEdge Technologies from $18.00 to $29.00 and gave the company a “neutral” rating in a research report on Monday, July 14th. Eighteen equities research analysts have rated the stock with a Hold rating and eleven have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $21.68.

SolarEdge Technologies Stock Performance

Shares of SEDG opened at $39.70 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.42 and a debt-to-equity ratio of 0.72. The firm has a market cap of $2.36 billion, a PE ratio of -1.33 and a beta of 1.58. The company’s 50 day simple moving average is $35.10 and its 200-day simple moving average is $25.42. SolarEdge Technologies has a 12-month low of $10.24 and a 12-month high of $41.92.

SolarEdge Technologies (NASDAQ:SEDG) last announced its earnings results on Thursday, August 7th. The semiconductor company reported ($0.81) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.81). The business had revenue of $289.43 million for the quarter, compared to analyst estimates of $270.03 million. SolarEdge Technologies had a negative net margin of 177.64% and a negative return on equity of 191.53%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the firm posted ($1.79) earnings per share. SolarEdge Technologies has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that SolarEdge Technologies will post -4.54 EPS for the current year.

Institutional Investors Weigh In On SolarEdge Technologies

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of SolarEdge Technologies by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 3,028,018 shares of the semiconductor company’s stock worth $48,993,000 after buying an additional 126,246 shares during the last quarter. Ion Asset Management Ltd. raised its stake in shares of SolarEdge Technologies by 135.9% during the 1st quarter. Ion Asset Management Ltd. now owns 2,082,497 shares of the semiconductor company’s stock worth $33,695,000 after buying an additional 1,199,801 shares during the last quarter. Menora Mivtachim Holdings LTD. raised its stake in shares of SolarEdge Technologies by 213.4% during the 2nd quarter. Menora Mivtachim Holdings LTD. now owns 1,490,637 shares of the semiconductor company’s stock worth $30,409,000 after buying an additional 1,015,017 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of SolarEdge Technologies by 612.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,448,643 shares of the semiconductor company’s stock worth $53,600,000 after buying an additional 1,245,445 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of SolarEdge Technologies by 9.6% during the 2nd quarter. Legal & General Group Plc now owns 1,424,788 shares of the semiconductor company’s stock worth $29,066,000 after buying an additional 124,591 shares during the last quarter. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

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.