SolarEdge Technologies (NASDAQ:SEDG) Upgraded to Buy at UBS Group

Key Points

• UBS upgraded SolarEdge Technologies to “buy” from “neutral” and raised its price target to $42 from $36, implying 40.56% upside from the previous close.
• Analyst sentiment remains mixed: SolarEdge has two Buy, ten Hold, and five Sell ratings, with an average rating of “Reduce” and an average price target of $38.36.
• The company beat quarterly expectations with adjusted EPS of $0.05 versus a projected loss of $0.02 and revenue of $346.2 million, up 19.6% year over year, though it continues to report negative margins and return on equity.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) was upgraded by equities researchers at UBS Group from a "neutral" rating to a "buy" rating in a report issued on Wednesday, MarketBeat reports. The firm presently has a $42.00 price objective on the semiconductor company's stock, up from their previous price objective of $36.00. UBS Group's price objective suggests a potential upside of 40.56% from the stock's previous close.

A number of other brokerages have also recently commented on SEDG. Susquehanna reduced their target price on shares of SolarEdge Technologies from $56.00 to $38.00 and set a "neutral" rating for the company in a report on Thursday, August 6th. Glj Research reissued a "sell" rating on shares of SolarEdge Technologies in a report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft dropped their price target on SolarEdge Technologies from $42.00 to $39.00 and set a "hold" rating on the stock in a research report on Thursday, May 7th. TD Cowen reduced their price objective on SolarEdge Technologies from $85.00 to $75.00 and set a "buy" rating for the company in a research note on Monday, July 20th. Finally, The Goldman Sachs Group decreased their price objective on SolarEdge Technologies from $34.00 to $30.00 and set a "sell" rating for the company in a research report on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and an average target price of $38.36.

SolarEdge Technologies Stock Performance

Shares of SEDG opened at $29.88 on Wednesday. The company has a current ratio of 2.03, a quick ratio of 1.38 and a debt-to-equity ratio of 0.85. The firm has a market cap of $1.84 billion, a PE ratio of -6.64 and a beta of 1.49. The company's 50 day simple moving average is $45.16 and its 200-day simple moving average is $46.56. SolarEdge Technologies has a 12-month low of $28.21 and a 12-month high of $81.25.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last announced its earnings results on Wednesday, August 5th. The semiconductor company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of ($0.02) by $0.07. The business had revenue of $346.20 million for the quarter, compared to analysts' expectations of $341.15 million. SolarEdge Technologies had a negative net margin of 20.29% and a negative return on equity of 29.17%. The company's quarterly revenue was up 19.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.81) EPS. As a group, equities analysts predict that SolarEdge Technologies will post -1.23 EPS for the current year.

Institutional Investors Weigh In On SolarEdge Technologies

A number of institutional investors have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund lifted its position in SolarEdge Technologies by 2.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 13,677 shares of the semiconductor company's stock worth $395,000 after acquiring an additional 300 shares during the last quarter. State of Wyoming grew its position in SolarEdge Technologies by 32.9% during the first quarter. State of Wyoming now owns 1,237 shares of the semiconductor company's stock worth $63,000 after buying an additional 306 shares in the last quarter. Tidal Investments LLC raised its holdings in SolarEdge Technologies by 1.2% in the 2nd quarter. Tidal Investments LLC now owns 42,411 shares of the semiconductor company's stock valued at $865,000 after acquiring an additional 484 shares in the last quarter. Allworth Financial LP bought a new stake in shares of SolarEdge Technologies during the 2nd quarter valued at $31,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of SolarEdge Technologies by 28.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the semiconductor company's stock valued at $51,000 after acquiring an additional 553 shares during the period. Hedge funds and other institutional investors own 95.10% of the company's stock.

SolarEdge Technologies Company Profile

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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