Guggenheim Issues Positive Forecast for SolarEdge Technologies (NASDAQ:SEDG) Stock Price

Key Points

• Guggenheim has raised its target price for SolarEdge Technologies from $5.00 to $7.00, maintaining a "sell" rating, which suggests a potential downside of 79.59% based on the current stock price.
• Other analysts, including Canaccord Genuity and Jefferies, have also adjusted their ratings and price targets, with an average rating on the stock being "Reduce" and an average target price of $18.20.
• Despite recent positive activity, SolarEdge's stock remains volatile, recently trading at $34.30 following a 13.5% increase, but still exhibiting negative earnings margins and ratings from various financial institutions.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) had its target price boosted by equities research analysts at Guggenheim from $5.00 to $7.00 in a report released on Monday,Benzinga reports. The firm presently has a "sell" rating on the semiconductor company's stock. Guggenheim's target price indicates a potential downside of 79.59% from the stock's current price.

A number of other equities analysts have also recently issued reports on SEDG. Canaccord Genuity Group upped their target price on SolarEdge Technologies from $14.00 to $16.50 and gave the stock a "hold" rating in a report on Wednesday, May 7th. Northland Securities raised SolarEdge Technologies from an "under perform" rating to a "market perform" rating and set a $15.50 price objective for the company in a research note on Friday, May 23rd. Wall Street Zen upgraded shares of SolarEdge Technologies from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Jefferies Financial Group upped their price target on shares of SolarEdge Technologies from $10.00 to $18.00 and gave the company an "underperform" rating in a research report on Monday, July 14th. Finally, BNP Paribas raised shares of SolarEdge Technologies to a "strong sell" rating in a research note on Wednesday, July 16th. Eighteen analysts have rated the stock with a Hold rating and ten have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Reduce" and an average target price of $18.20.

SolarEdge Technologies Stock Up 13.5%

SEDG stock opened at $34.30 on Monday. The firm has a 50-day moving average price of $25.24 and a 200-day moving average price of $19.32. SolarEdge Technologies has a 12 month low of $10.24 and a 12 month high of $34.36. The company has a current ratio of 1.94, a quick ratio of 1.42 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $2.04 billion, a P/E ratio of -1.14 and a beta of 1.56.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The semiconductor company reported ($0.81) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.81). The business had revenue of $289.43 million during the quarter, compared to analysts' expectations of $270.03 million. SolarEdge Technologies had a negative net margin of 177.64% and a negative return on equity of 191.53%. The firm's quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($1.79) EPS. SolarEdge Technologies has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that SolarEdge Technologies will post -4.54 EPS for the current fiscal year.

Hedge Funds Weigh In On SolarEdge Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Edmond DE Rothschild Holding S.A. grew its holdings in SolarEdge Technologies by 60.0% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 1,600 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 600 shares during the period. Fifth Third Bancorp lifted its stake in shares of SolarEdge Technologies by 93.7% in the 1st quarter. Fifth Third Bancorp now owns 1,633 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 790 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of SolarEdge Technologies during the 2nd quarter valued at about $35,000. Banque Cantonale Vaudoise acquired a new stake in SolarEdge Technologies during the first quarter worth approximately $35,000. Finally, Tower Research Capital LLC TRC increased its holdings in SolarEdge Technologies by 28.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the semiconductor company's stock worth $51,000 after purchasing an additional 553 shares in the last quarter. Institutional investors and hedge funds own 95.10% of the company's stock.

SolarEdge Technologies Company Profile

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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