SolarEdge Technologies (NASDAQ:SEDG – Get Free Report) had its target price upped by investment analysts at TD Cowen from $43.00 to $85.00 in a report issued on Friday. The brokerage presently has a “buy” rating on the semiconductor company’s stock. TD Cowen’s target price suggests a potential upside of 16.14% from the stock’s current price.
Other research analysts have also recently issued reports about the company. UBS Group upped their price objective on SolarEdge Technologies from $36.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Susquehanna raised their target price on SolarEdge Technologies from $37.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, April 9th. The Goldman Sachs Group restated a “sell” rating and set a $31.00 target price (down from $36.00) on shares of SolarEdge Technologies in a research note on Wednesday, April 15th. Barclays upped their price target on SolarEdge Technologies from $39.00 to $41.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. Finally, Royal Bank Of Canada cut their price objective on shares of SolarEdge Technologies from $32.00 to $30.00 and set a “sector perform” rating on the stock in a report on Thursday, May 7th. 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $33.25.
View Our Latest Report on SolarEdge Technologies
SolarEdge Technologies Price Performance
SolarEdge Technologies (NASDAQ:SEDG – Get Free Report) last issued its earnings results on Wednesday, May 6th. The semiconductor company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.20). The firm 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 business’s revenue for the quarter was up 41.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.14) EPS. Equities analysts forecast that SolarEdge Technologies will post -1.12 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, Chairman More Avery sold 2,566 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $38.76, for a total value of $99,458.16. Following the completion of the sale, the chairman directly owned 295,379 shares of the company’s stock, valued at $11,448,890.04. The trade was a 0.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.71% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On SolarEdge Technologies
Institutional investors and hedge funds have recently bought and sold shares of the stock. Accent Capital Management LLC purchased a new stake in SolarEdge Technologies in the third quarter valued at $25,000. Hantz Financial Services Inc. lifted its position in SolarEdge Technologies by 352.5% in 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 last quarter. State of Wyoming purchased a new stake in SolarEdge Technologies in the 4th quarter valued at $27,000. Saranac Partners Ltd acquired a new stake in SolarEdge Technologies during the 3rd quarter worth $28,000. Finally, Rakuten Securities Inc. boosted its stake in SolarEdge Technologies by 82.1% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 432 shares during the period. 95.10% of the stock is owned by hedge funds and other institutional investors.
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.
Read More
- Five stocks we like better than SolarEdge Technologies
- Flight Path to Profits: American Airlines Bets on SpaceX
- Wall Street Is Starting to Talk About Tesla’s Endgame
- Meta’s Manus Mess: Why China Blocked the Deal and What It Means
- China Deal Ignites Boeing’s Financial Afterburners
Receive News & Ratings for SolarEdge Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SolarEdge Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
