SolarEdge Technologies, Inc. (NASDAQ:SEDG – Get Free Report)’s stock price gapped up before the market opened on Friday after TD Cowen raised their price target on the stock from $43.00 to $85.00. The stock had previously closed at $73.19, but opened at $78.24. TD Cowen currently has a buy rating on the stock. SolarEdge Technologies shares last traded at $79.1150, with a volume of 900,698 shares.
Other research analysts also recently issued reports about the stock. Jefferies Financial Group raised shares of SolarEdge Technologies from an “underperform” rating to a “hold” rating and raised their price objective for the stock from $30.00 to $49.00 in a research report on Friday, March 20th. Weiss Ratings lowered shares of SolarEdge Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, May 21st. Morgan Stanley boosted their price target on SolarEdge Technologies from $33.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 19th. JPMorgan Chase & Co. boosted their price objective on shares of SolarEdge Technologies from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Finally, Susquehanna upped their price target on shares of SolarEdge Technologies from $37.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. One analyst has rated the stock with a Buy rating, fifteen have assigned a Hold rating and seven have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $33.25.
View Our Latest Report on SEDG
Insider Activity at SolarEdge Technologies
Institutional Investors Weigh In On SolarEdge Technologies
A number of large investors have recently added to or reduced their stakes in SEDG. Goldman Sachs Group Inc. lifted its holdings in SolarEdge Technologies by 8.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 997,962 shares of the semiconductor company’s stock worth $16,147,000 after buying an additional 79,461 shares in the last quarter. First Trust Advisors LP increased its position in shares of SolarEdge Technologies by 2.8% during the second quarter. First Trust Advisors LP now owns 560,585 shares of the semiconductor company’s stock worth $11,436,000 after acquiring an additional 15,333 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of SolarEdge Technologies by 4.6% in the second quarter. The Manufacturers Life Insurance Company now owns 16,023 shares of the semiconductor company’s stock worth $327,000 after acquiring an additional 700 shares in the last quarter. Bayesian Capital Management LP purchased a new position in SolarEdge Technologies in the second quarter valued at about $206,000. Finally, Canada Pension Plan Investment Board acquired a new stake in SolarEdge Technologies during the 2nd quarter valued at approximately $35,000. 95.10% of the stock is owned by institutional investors and hedge funds.
SolarEdge Technologies Stock Performance
The stock has a 50-day simple moving average of $48.39 and a 200-day simple moving average of $39.24. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of -12.59 and a beta of 1.18. The company has a current ratio of 2.02, a quick ratio of 1.36 and a debt-to-equity ratio of 0.85.
SolarEdge Technologies (NASDAQ:SEDG – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.20). The company had revenue of $309.90 million for the quarter, compared to analyst estimates of $305.49 million. SolarEdge Technologies had a negative return on equity of 38.66% and a negative net margin of 28.56%.The firm’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.14) EPS. On average, analysts anticipate that SolarEdge Technologies, Inc. will post -1.12 earnings per share 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.
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