Bank of America Upgrades SolarEdge Technologies (NASDAQ:SEDG) to Neutral

Key Points

• Bank of America upgraded SolarEdge from "underperform" to "neutral" and raised its price target to $40 (from $17), implying roughly a 15.6% upside.
• Despite that upgrade, overall analyst sentiment is cautious: the consensus rating is "Reduce" with an average price target of $27.68 (1 Buy, 17 Hold, 7 Sell).
• SolarEdge's latest quarter showed revenue of $333.8M (up 70.9% year‑over‑year) and EPS of -$0.14, beating estimates, though the company remains unprofitable with negative net margin and ROE.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) was upgraded by research analysts at Bank of America from an "underperform" rating to a "neutral" rating in a report issued on Tuesday,Benzinga reports. The firm presently has a $40.00 target price on the semiconductor company's stock, up from their previous target price of $17.00. Bank of America's price objective would indicate a potential upside of 15.64% from the company's current price.

A number of other research firms also recently commented on SEDG. Citigroup decreased their target price on SolarEdge Technologies from $30.00 to $29.00 and set a "sell" rating on the stock in a research report on Thursday, December 18th. Barclays boosted their price objective on shares of SolarEdge Technologies from $36.00 to $39.00 and gave the company an "equal weight" rating in a research report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of SolarEdge Technologies from $35.00 to $33.00 and set a "hold" rating on the stock in a research report on Friday, February 20th. Weiss Ratings reissued a "sell (d-)" rating on shares of SolarEdge Technologies in a research note on Monday, December 29th. Finally, Royal Bank Of Canada decreased their price objective on SolarEdge Technologies from $34.00 to $32.00 and set a "sector perform" rating for the company in a report on Thursday, February 19th. One analyst has rated the stock with a Buy rating, seventeen have given a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Reduce" and an average target price of $27.68.

SolarEdge Technologies Stock Up 3.5%

SolarEdge Technologies stock opened at $34.59 on Tuesday. SolarEdge Technologies has a one year low of $11.00 and a one year high of $48.60. The stock has a fifty day moving average of $34.63 and a 200 day moving average of $34.65. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.48 and a current ratio of 2.17. The stock has a market cap of $2.09 billion, a PE ratio of -5.03 and a beta of 1.62.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last announced its earnings results on Wednesday, February 18th. The semiconductor company reported ($0.14) EPS for the quarter, topping analysts' consensus estimates of ($0.19) by $0.05. SolarEdge Technologies had a negative return on equity of 45.54% and a negative net margin of 34.23%.The company had revenue of $333.80 million for the quarter, compared to analysts' expectations of $330.33 million. During the same period last year, the firm earned ($3.52) EPS. SolarEdge Technologies's revenue for the quarter was up 70.9% compared to the same quarter last year. As a group, sell-side analysts predict that SolarEdge Technologies will post -4.54 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund lifted its position in SolarEdge Technologies by 2.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 13,677 shares of the semiconductor company's stock valued at $395,000 after buying an additional 300 shares during the last quarter. GAMMA Investing LLC raised its holdings in SolarEdge Technologies by 5.1% in the third quarter. GAMMA Investing LLC now owns 6,207 shares of the semiconductor company's stock valued at $230,000 after acquiring an additional 302 shares in the last quarter. Resona Asset Management Co. Ltd. grew its stake in shares of SolarEdge Technologies by 6.7% during the second quarter. Resona Asset Management Co. Ltd. now owns 6,472 shares of the semiconductor company's stock worth $128,000 after purchasing an additional 404 shares in the last quarter. Rakuten Securities Inc. lifted its stake in SolarEdge Technologies by 82.1% during the fourth 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 last quarter. Finally, Tidal Investments LLC raised its stake in SolarEdge Technologies by 1.2% during the 2nd quarter. Tidal Investments LLC now owns 42,411 shares of the semiconductor company's stock worth $865,000 after acquiring an additional 484 shares in the last quarter. Hedge funds and other institutional investors own 95.10% of the company's stock.

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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