SolarEdge Technologies (NASDAQ:SEDG) Trading Up 8.3% After Analyst Upgrade

SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s stock price shot up 8.3% on Monday after TD Cowen upgraded the stock from a hold rating to a buy rating. TD Cowen now has a $38.00 price target on the stock, up from their previous price target of $34.00. SolarEdge Technologies traded as high as $35.47 and last traded at $35.6080. 1,263,720 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 2,961,531 shares. The stock had previously closed at $32.89.

A number of other brokerages also recently issued reports on SEDG. The Goldman Sachs Group cut their target price on SolarEdge Technologies from $36.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, December 18th. Barclays raised their price objective on shares of SolarEdge Technologies from $29.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SolarEdge Technologies in a research note on Monday, December 29th. UBS Group lifted their target price on shares of SolarEdge Technologies from $30.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, November 14th. Finally, JPMorgan Chase & Co. boosted their price target on shares of SolarEdge Technologies from $27.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. One analyst has rated the stock with a Buy rating, eighteen have issued a Hold rating and nine have assigned a Sell rating to the company. Based on data from MarketBeat.com, SolarEdge Technologies presently has an average rating of “Reduce” and an average price target of $24.62.

Institutional Trading of SolarEdge Technologies

Several institutional investors and hedge funds have recently bought and sold shares of SEDG. U.S. Capital Wealth Advisors LLC acquired a new stake in SolarEdge Technologies in the second quarter valued at about $204,000. Bayforest Capital Ltd lifted its holdings in shares of SolarEdge Technologies by 49.8% in the 2nd quarter. Bayforest Capital Ltd now owns 85,461 shares of the semiconductor company’s stock valued at $1,743,000 after buying an additional 28,425 shares during the period. Phoenix Financial Ltd. purchased a new stake in shares of SolarEdge Technologies in the second quarter valued at approximately $216,000. Bank Hapoalim BM grew its holdings in SolarEdge Technologies by 73.5% during the second quarter. Bank Hapoalim BM now owns 70,475 shares of the semiconductor company’s stock worth $1,438,000 after acquiring an additional 29,859 shares during the period. Finally, Menora Mivtachim Holdings LTD. raised its position in SolarEdge Technologies by 213.4% in the second quarter. Menora Mivtachim Holdings LTD. now owns 1,490,637 shares of the semiconductor company’s stock worth $30,409,000 after acquiring an additional 1,015,017 shares in the last quarter. Hedge funds and other institutional investors own 95.10% of the company’s stock.

SolarEdge Technologies Trading Up 8.4%

The company has a market cap of $2.13 billion, a price-to-earnings ratio of -3.68 and a beta of 1.66. The business has a fifty day simple moving average of $32.99 and a 200 day simple moving average of $32.01. The company has a quick ratio of 1.60, a current ratio of 2.28 and a debt-to-equity ratio of 0.78.

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.