SolarEdge Technologies (NASDAQ:SEDG) Upgraded at UBS Group

SolarEdge Technologies (NASDAQ:SEDG) was upgraded by investment analysts at UBS Group from a “neutral” rating to a “buy” rating in a research note issued on Wednesday, MarketBeat.com reports. The firm presently has a $42.00 price target on the semiconductor company’s stock, up from their previous price target of $36.00. UBS Group’s price objective indicates a potential upside of 40.56% from the company’s current price.

Several other equities research analysts also recently issued reports on the company. TD Cowen decreased their price target on SolarEdge Technologies from $85.00 to $75.00 and set a “buy” rating for the company in a report on Monday, July 20th. Royal Bank Of Canada lowered their target price on shares of SolarEdge Technologies from $30.00 to $24.00 and set a “sector perform” rating for the company in a report on Thursday, August 6th. Glj Research reissued a “sell” rating on shares of SolarEdge Technologies in a research report on Thursday, June 11th. Barclays cut their price target on shares of SolarEdge Technologies from $53.00 to $37.00 and set an “equal weight” rating on the stock in a report on Thursday, August 6th. Finally, Susquehanna reduced their price objective on shares of SolarEdge Technologies from $56.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Two analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $38.36.

SolarEdge Technologies Stock Down 0.7%

Shares of NASDAQ:SEDG opened at $29.88 on Wednesday. The firm has a market cap of $1.84 billion, a P/E ratio of -6.64 and a beta of 1.49. The business has a fifty day simple moving average of $45.16 and a 200 day simple moving average of $46.56. 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 has a 12-month low of $28.21 and a 12-month high of $81.25.

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 net margin of 20.29% and a negative return on equity of 29.17%. The business had revenue of $346.20 million for the quarter, compared to analysts’ expectations of $341.15 million. During the same quarter in the prior year, the firm posted ($0.81) earnings per share. The business’s quarterly revenue was up 19.6% compared to the same quarter last year. Analysts predict that SolarEdge Technologies will post -1.23 earnings per share for the current year.

Institutional Investors Weigh In On SolarEdge Technologies

A number of hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its position in SolarEdge Technologies by 8.7% during the first quarter. Goldman Sachs Group Inc. now owns 997,962 shares of the semiconductor company’s stock valued at $16,147,000 after buying an additional 79,461 shares during the period. First Trust Advisors LP raised its position in SolarEdge Technologies by 2.8% in the second quarter. First Trust Advisors LP now owns 560,585 shares of the semiconductor company’s stock worth $11,436,000 after acquiring an additional 15,333 shares during the period. The Manufacturers Life Insurance Company boosted its stake in SolarEdge Technologies by 4.6% in the second quarter. The Manufacturers Life Insurance Company now owns 16,023 shares of the semiconductor company’s stock valued at $327,000 after acquiring an additional 700 shares during the last quarter. Bayesian Capital Management LP purchased a new position in SolarEdge Technologies in the second quarter valued at about $206,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of SolarEdge Technologies during the 2nd quarter valued at approximately $35,000. 95.10% of the stock is currently owned by institutional investors.

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.