SolarEdge Technologies (NASDAQ:SEDG) Shares Gap Up on Analyst Upgrade

SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s share price gapped up prior to trading on Friday after TD Cowen raised their price target on the stock from $43.00 to $85.00. The stock had previously closed at $73.19, but opened at $78.24. TD Cowen currently has a buy rating on the stock. SolarEdge Technologies shares last traded at $79.1150, with a volume of 900,698 shares trading hands.

SEDG has been the subject of several other research reports. Jefferies Financial Group upgraded SolarEdge Technologies from an “underperform” rating to a “hold” rating and lifted their target price for the stock from $30.00 to $49.00 in a research report on Friday, March 20th. Deutsche Bank Aktiengesellschaft reduced their price objective on SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating on the stock in a research note on Thursday, May 7th. Glj Research reaffirmed a “sell” rating on shares of SolarEdge Technologies in a report on Monday, May 18th. The Goldman Sachs Group reiterated a “sell” rating and set a $31.00 target price (down from $36.00) on shares of SolarEdge Technologies in a research note on Wednesday, April 15th. Finally, Weiss Ratings downgraded shares of SolarEdge Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and seven have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, SolarEdge Technologies presently has an average rating of “Reduce” and a consensus price target of $33.25.

Insider Activity

In related news, Chairman More Avery sold 2,566 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $38.76, for a total value of $99,458.16. Following the completion of the transaction, the chairman directly owned 295,379 shares of the company’s stock, valued at $11,448,890.04. This represents a 0.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.71% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Oregon Public Employees Retirement Fund raised its stake in shares of SolarEdge Technologies by 2.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 13,677 shares of the semiconductor company’s stock worth $395,000 after purchasing an additional 300 shares during the last quarter. State of Wyoming boosted its position in SolarEdge Technologies by 32.9% in the first quarter. State of Wyoming now owns 1,237 shares of the semiconductor company’s stock valued at $63,000 after buying an additional 306 shares during the last quarter. Rakuten Securities Inc. increased its holdings in SolarEdge Technologies by 82.1% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the semiconductor company’s stock worth $28,000 after buying an additional 432 shares during the period. Tidal Investments LLC raised its position 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 last quarter. Finally, PNC Financial Services Group Inc. raised its position in SolarEdge Technologies by 7.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 7,269 shares of the semiconductor company’s stock worth $269,000 after buying an additional 530 shares during the last quarter. Institutional investors own 95.10% of the company’s stock.

SolarEdge Technologies Stock Performance

The firm’s 50 day simple moving average is $48.39 and its 200 day simple moving average is $39.24. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of -12.59 and a beta of 1.18. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.36 and a current ratio of 2.02.

SolarEdge Technologies (NASDAQ:SEDG) last issued its earnings results on Wednesday, May 6th. The semiconductor company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.20). The business had revenue of $309.90 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 41.5% on a year-over-year basis. During the same period last year, the business earned ($1.14) EPS. Sell-side analysts forecast that SolarEdge Technologies, Inc. will post -1.12 earnings per share for the current fiscal year.

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.