SolarEdge Technologies (NASDAQ:SEDG) Price Target Raised to $42.00

SolarEdge Technologies (NASDAQ:SEDG) had its price target lifted by Wells Fargo & Company from $24.00 to $42.00 in a research report sent to investors on Friday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the semiconductor company’s stock.

SEDG has been the topic of several other reports. BNP Paribas raised SolarEdge Technologies to a “strong sell” rating in a report on Wednesday, July 16th. Morgan Stanley upped their target price on SolarEdge Technologies from $25.00 to $27.00 and gave the company an “underweight” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft boosted their price target on SolarEdge Technologies from $19.00 to $28.00 and gave the company a “hold” rating in a report on Wednesday, October 1st. BMO Capital Markets increased their price objective on shares of SolarEdge Technologies from $19.00 to $25.00 and gave the company an “underperform” rating in a report on Thursday. Finally, Royal Bank Of Canada raised their target price on shares of SolarEdge Technologies from $25.00 to $34.00 and gave the stock a “sector perform” rating in a research note on Thursday. Eighteen analysts have rated the stock with a Hold rating and ten have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $24.20.

SolarEdge Technologies Trading Up 10.4%

Shares of SEDG stock traded up $4.18 during trading hours on Friday, reaching $44.18. The company’s stock had a trading volume of 1,270,753 shares, compared to its average volume of 4,659,967. 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 stock has a market capitalization of $2.62 billion, a P/E ratio of -1.45 and a beta of 1.63. The firm’s fifty day simple moving average is $35.98 and its 200 day simple moving average is $27.20. SolarEdge Technologies has a one year low of $10.24 and a one year high of $43.39.

SolarEdge Technologies (NASDAQ:SEDG) last posted its quarterly earnings data on Wednesday, November 5th. The semiconductor company reported ($0.31) EPS for the quarter, topping the consensus estimate of ($0.43) by $0.12. The business had revenue of $339.70 million for the quarter, compared to analyst estimates of $331.13 million. SolarEdge Technologies had a negative net margin of 177.64% and a negative return on equity of 191.53%. SolarEdge Technologies’s quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($15.33) earnings per share. SolarEdge Technologies has set its Q4 2025 guidance at EPS. Equities research analysts expect that SolarEdge Technologies will post -4.54 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SEDG. Vanguard Group Inc. boosted its position in 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 purchasing an additional 126,246 shares during the period. Ion Asset Management Ltd. raised its position 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 in the last quarter. Menora Mivtachim Holdings LTD. boosted its stake in SolarEdge Technologies by 213.4% during the second quarter. Menora Mivtachim Holdings LTD. now owns 1,490,637 shares of the semiconductor company’s stock valued at $30,409,000 after buying an additional 1,015,017 shares in the last quarter. Assenagon Asset Management S.A. grew its position in SolarEdge Technologies by 612.9% in the third 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 holdings in 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 period. Institutional investors and hedge funds own 95.10% of the company’s stock.

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.