SolarEdge Technologies (NASDAQ:SEDG) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

SolarEdge Technologies (NASDAQ:SEDG) had its price objective upped by analysts at BMO Capital Markets from $19.00 to $25.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “underperform” rating on the semiconductor company’s stock. BMO Capital Markets’ price target indicates a potential downside of 37.50% from the stock’s current price.

A number of other analysts also recently issued reports on SEDG. Citigroup increased their target price on shares of SolarEdge Technologies from $9.00 to $30.00 and gave the stock a “sell” rating in a research report on Tuesday, October 21st. Guggenheim lifted their price target on shares of SolarEdge Technologies from $5.00 to $7.00 and gave the stock a “sell” rating in a research note on Monday, August 25th. Royal Bank Of Canada upped their target price on shares of SolarEdge Technologies from $22.00 to $25.00 and gave the company a “sector perform” rating in a research note on Monday, October 20th. Wells Fargo & Company lifted their price target on SolarEdge Technologies from $15.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Friday, August 8th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of SolarEdge Technologies in a research note on Wednesday, October 8th. Eighteen research analysts have rated the stock with a Hold rating and ten have given a Sell rating to the company. Based on data from MarketBeat.com, SolarEdge Technologies has an average rating of “Reduce” and an average target price of $24.20.

SolarEdge Technologies Price Performance

Shares of NASDAQ SEDG opened at $40.00 on Thursday. The company’s 50-day moving average price is $35.98 and its 200 day moving average price is $27.00. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of -1.34 and a beta of 1.63. SolarEdge Technologies has a 52 week low of $10.24 and a 52 week high of $41.92. The company has a current ratio of 1.94, a quick ratio of 1.42 and a debt-to-equity ratio of 0.72.

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

Hedge Funds Weigh In On SolarEdge Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. raised its stake in SolarEdge Technologies by 352.5% during the 3rd 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 in the last quarter. Whittier Trust Co. acquired a new position in shares of SolarEdge Technologies during the third quarter valued at $27,000. Edmond DE Rothschild Holding S.A. raised its stake in shares of SolarEdge Technologies by 60.0% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 1,600 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 600 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in SolarEdge Technologies in the second quarter worth about $35,000. Finally, Banque Cantonale Vaudoise acquired a new stake in SolarEdge Technologies in the first quarter worth about $35,000. 95.10% of the stock is owned by institutional investors.

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.