Barclays Boosts SolarEdge Technologies (NASDAQ:SEDG) Price Target to $36.00

Key Points

• Barclays has raised the price target for SolarEdge Technologies from $29.00 to $36.00, indicating a potential upside of 0.95% based on the current stock price.
• Recent ratings from other brokerages show a mixed outlook, with Wall Street Zen upgrading the stock from "sell" to "hold" while Weiss Ratings maintained a "sell (d-)" rating.
• The company reported quarterly earnings showing a 9% year-over-year revenue growth but continued to struggle with negative earnings per share of ($0.81), meeting analyst expectations.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) had its target price increased by stock analysts at Barclays from $29.00 to $36.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the semiconductor company's stock. Barclays's target price suggests a potential upside of 0.95% from the stock's current price.

A number of other brokerages have also weighed in on SEDG. Wall Street Zen upgraded SolarEdge Technologies from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Susquehanna boosted their price objective on SolarEdge Technologies from $14.00 to $26.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Weiss Ratings restated a "sell (d-)" rating on shares of SolarEdge Technologies in a research report on Wednesday. Oppenheimer restated a "market perform" rating on shares of SolarEdge Technologies in a research report on Monday, August 11th. Finally, UBS Group boosted their price objective on SolarEdge Technologies from $20.00 to $30.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 19th. Eighteen analysts have rated the stock with a Hold rating and eleven have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Reduce" and an average price target of $19.20.

SolarEdge Technologies Price Performance

Shares of NASDAQ SEDG opened at $35.66 on Thursday. The stock has a market capitalization of $2.12 billion, a PE ratio of -1.19 and a beta of 1.58. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.94 and a quick ratio of 1.42. The business has a fifty day moving average price of $32.12 and a two-hundred day moving average price of $23.38. SolarEdge Technologies has a fifty-two week low of $10.24 and a fifty-two week high of $40.50.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The semiconductor company reported ($0.81) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.81). SolarEdge Technologies had a negative return on equity of 191.53% and a negative net margin of 177.64%.The company had revenue of $289.43 million for the quarter, compared to analyst estimates of $270.03 million. During the same quarter last year, the company posted ($1.79) EPS. The company's revenue for the quarter was up 9.0% compared to the same quarter last year. SolarEdge Technologies has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that SolarEdge Technologies will post -4.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of SolarEdge Technologies by 4.4% in the first quarter. Vanguard Group Inc. now owns 3,028,018 shares of the semiconductor company's stock worth $48,993,000 after purchasing an additional 126,246 shares during the last quarter. Ion Asset Management Ltd. raised its holdings in SolarEdge Technologies by 135.9% in the 1st quarter. Ion Asset Management Ltd. now owns 2,082,497 shares of the semiconductor company's stock worth $33,695,000 after acquiring an additional 1,199,801 shares during the last quarter. Menora Mivtachim Holdings LTD. raised its holdings in SolarEdge Technologies by 213.4% in the 2nd quarter. Menora Mivtachim Holdings LTD. now owns 1,490,637 shares of the semiconductor company's stock worth $30,409,000 after acquiring an additional 1,015,017 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in SolarEdge Technologies by 612.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,448,643 shares of the semiconductor company's stock worth $53,600,000 after acquiring an additional 1,245,445 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in SolarEdge Technologies by 9.6% in the 2nd quarter. Legal & General Group Plc now owns 1,424,788 shares of the semiconductor company's stock worth $29,066,000 after acquiring an additional 124,591 shares during the last quarter. Hedge funds and other institutional investors own 95.10% of the company's stock.

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.

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