SolarEdge Technologies, Inc. (NASDAQ:SEDG) Receives Average Rating of “Reduce” from Analysts

SolarEdge Technologies, Inc. (NASDAQ:SEDG) has been assigned an average recommendation of “Reduce” from the seventeen analysts that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $38.3571.

A number of equities analysts recently issued reports on SEDG shares. Citigroup lowered their price target on SolarEdge Technologies from $30.00 to $27.00 and set a “sell” rating on the stock in a report on Thursday, May 7th. Glj Research reaffirmed a “sell” rating on shares of SolarEdge Technologies in a research report on Thursday, June 11th. UBS Group upgraded SolarEdge Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the company from $36.00 to $42.00 in a research note on Wednesday, August 26th. Wells Fargo & Company initiated coverage on SolarEdge Technologies in a report on Monday, June 29th. They issued an “equal weight” rating and a $36.00 target price on the stock. Finally, Susquehanna cut their price target on SolarEdge Technologies from $56.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th.

Hedge Funds Weigh In On SolarEdge Technologies

Large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its holdings 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 worth $16,147,000 after purchasing an additional 79,461 shares in the last quarter. First Trust Advisors LP increased its position in SolarEdge Technologies by 2.8% during the 2nd quarter. First Trust Advisors LP now owns 560,585 shares of the semiconductor company’s stock worth $11,436,000 after purchasing an additional 15,333 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of SolarEdge Technologies by 4.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,023 shares of the semiconductor company’s stock valued at $327,000 after buying an additional 700 shares during the period. Bayesian Capital Management LP purchased a new stake in shares of SolarEdge Technologies in the second quarter valued at approximately $206,000. Finally, Canada Pension Plan Investment Board acquired a new position in SolarEdge Technologies during the second quarter worth $35,000. Hedge funds and other institutional investors own 95.10% of the company’s stock.

SolarEdge Technologies Price Performance

Shares of NASDAQ:SEDG opened at $31.41 on Monday. The stock has a market cap of $1.93 billion, a P/E ratio of -6.98 and a beta of 1.49. The firm has a fifty day moving average price of $43.70 and a 200 day moving average price of $46.50. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.03 and a quick ratio of 1.38. SolarEdge Technologies has a 1-year low of $28.21 and a 1-year high of $81.25.

SolarEdge Technologies (NASDAQ:SEDG) last posted its quarterly earnings data 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 company had revenue of $346.20 million for the quarter, compared to analyst estimates of $341.15 million. During the same period in the previous year, the business posted ($0.81) earnings per share. SolarEdge Technologies’s quarterly revenue was up 19.6% on a year-over-year basis. Sell-side analysts predict that SolarEdge Technologies will post -1.23 EPS for the current 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.