SolarEdge Technologies (NASDAQ:SEDG) Sets New 1-Year High After Analyst Upgrade

SolarEdge Technologies, Inc. (NASDAQ:SEDG) shares hit a new 52-week high during mid-day trading on Friday after Barclays raised their price target on the stock from $29.00 to $36.00. Barclays currently has an equal weight rating on the stock. SolarEdge Technologies traded as high as $41.92 and last traded at $38.61, with a volume of 7113807 shares. The stock had previously closed at $35.66.

A number of other equities analysts have also weighed in on the company. Susquehanna upped their target price on SolarEdge Technologies from $14.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, July 21st. The Goldman Sachs Group upped their target price on SolarEdge Technologies from $27.00 to $31.00 and gave the stock a “neutral” rating in a research note on Thursday, September 11th. Mizuho upped their target price on SolarEdge Technologies from $18.00 to $29.00 and gave the stock a “neutral” rating in a research note on Monday, July 14th. Weiss Ratings restated a “sell (d-)” rating on shares of SolarEdge Technologies in a research note on Wednesday. Finally, KeyCorp upgraded SolarEdge Technologies from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, July 8th. Eighteen equities research analysts have rated the stock with a Hold rating and eleven have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, SolarEdge Technologies has an average rating of “Reduce” and an average target price of $19.20.

Hedge Funds Weigh In On SolarEdge Technologies

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC grew its position in SolarEdge Technologies by 2,680.8% during the 1st quarter. GAMMA Investing LLC now owns 146,380 shares of the semiconductor company’s stock worth $2,368,000 after acquiring an additional 141,116 shares during the last quarter. SG Americas Securities LLC grew its position in SolarEdge Technologies by 16.3% during the 1st quarter. SG Americas Securities LLC now owns 160,189 shares of the semiconductor company’s stock worth $2,592,000 after acquiring an additional 22,453 shares during the last quarter. Fifth Third Bancorp grew its position in SolarEdge Technologies by 93.7% during the 1st quarter. Fifth Third Bancorp now owns 1,633 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 790 shares during the last quarter. New York State Teachers Retirement System grew its position in SolarEdge Technologies by 1.5% during the 1st quarter. New York State Teachers Retirement System now owns 66,436 shares of the semiconductor company’s stock worth $1,075,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in SolarEdge Technologies by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 284,729 shares of the semiconductor company’s stock worth $4,607,000 after acquiring an additional 6,897 shares during the last quarter. 95.10% of the stock is currently owned by institutional investors.

SolarEdge Technologies Trading Down 9.2%

The firm has a 50-day moving average of $32.57 and a 200-day moving average of $23.65. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.42 and a current ratio of 1.94. The firm has a market capitalization of $2.08 billion, a P/E ratio of -1.17 and a beta of 1.58.

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

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.