Brokerages Set SolarEdge Technologies, Inc. (NASDAQ:SEDG) PT at $29.09

SolarEdge Technologies, Inc. (NASDAQ:SEDG) has been assigned an average rating of “Reduce” from the twenty-five ratings firms that are covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $29.0864.

A number of research analysts have weighed in on SEDG shares. Morgan Stanley increased their target price on SolarEdge Technologies from $33.00 to $40.00 and gave the company an “equal weight” rating in a report on Thursday, February 19th. Barclays boosted their price target on SolarEdge Technologies from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. Wells Fargo & Company increased their price objective on shares of SolarEdge Technologies from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. TD Cowen raised their price objective on shares of SolarEdge Technologies from $38.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Finally, Bank of America raised shares of SolarEdge Technologies from an “underperform” rating to a “neutral” rating and upped their target price for the company from $17.00 to $40.00 in a report on Tuesday, March 10th.

Institutional Trading of SolarEdge Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Accent Capital Management LLC bought a new stake in shares of SolarEdge Technologies during the 3rd quarter valued at $25,000. Whittier Trust Co. purchased a new stake in SolarEdge Technologies in the 3rd quarter worth $27,000. Hantz Financial Services Inc. raised its holdings in SolarEdge Technologies by 352.5% during the third quarter. Hantz Financial Services Inc. now owns 733 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 571 shares during the period. State of Wyoming bought a new stake in SolarEdge Technologies during the fourth quarter valued at about $27,000. Finally, Saranac Partners Ltd purchased a new position in shares of SolarEdge Technologies in the third quarter valued at about $28,000. 95.10% of the stock is owned by hedge funds and other institutional investors.

SolarEdge Technologies Stock Performance

Shares of NASDAQ SEDG opened at $48.75 on Friday. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.82. The firm’s 50-day moving average price is $39.69 and its 200-day moving average price is $36.43. SolarEdge Technologies has a 52-week low of $11.00 and a 52-week high of $53.75. The company has a market cap of $2.94 billion, a PE ratio of -7.09 and a beta of 1.35.

SolarEdge Technologies (NASDAQ:SEDG) last issued its earnings results on Thursday, February 26th. The semiconductor company reported ($0.14) earnings per share (EPS) for the quarter. The company had revenue of $333.80 million during the quarter. SolarEdge Technologies had a negative return on equity of 45.54% and a negative net margin of 34.23%. As a group, analysts anticipate that SolarEdge Technologies will post -4.54 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.