SolarEdge Technologies (NASDAQ:SEDG) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Key Points

• JPMorgan Chase & Co. has increased its price target for SolarEdge Technologies from $23.00 to $27.00, although this suggests a potential downside of 24.89% from the stock's current price.
• Multiple analysts have varying outlooks on SolarEdge, with UBS Group setting a target of $30.00, while BNP Paribas Exane has downgraded it to an "underperform" rating with a target of $17.00.
• Despite a challenging revenue situation, SolarEdge Technologies reported $289.43 million in revenue for the latest quarter, exceeding analyst estimates, while its stock saw an increase of 3.6% recently.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) had its price target boosted by JPMorgan Chase & Co. from $23.00 to $27.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the semiconductor company's stock. JPMorgan Chase & Co.'s price target would indicate a potential downside of 27.48% from the company's previous close.

A number of other brokerages also recently weighed in on SEDG. Glj Research downgraded shares of SolarEdge Technologies from a "hold" rating to a "strong sell" rating and set a $6.90 target price on the stock. in a research note on Tuesday, June 17th. UBS Group raised their price objective on SolarEdge Technologies from $20.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, August 19th. Northland Securities upgraded shares of SolarEdge Technologies from an "under perform" rating to a "market perform" rating and set a $15.50 price target on the stock in a research report 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. Finally, TD Cowen upped their price objective on shares of SolarEdge Technologies from $18.00 to $20.00 and gave the company a "hold" rating in a research note on Friday, August 8th. Seventeen analysts have rated the stock with a Hold rating and ten have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average price target of $18.54.

SolarEdge Technologies Stock Performance

SolarEdge Technologies stock traded down $1.35 during midday trading on Friday, reaching $37.23. The stock had a trading volume of 1,871,437 shares, compared to its average volume of 4,803,012. The firm's 50-day moving average price is $29.74 and its 200 day moving average price is $21.74. The firm has a market capitalization of $2.21 billion, a PE ratio of -1.25 and a beta of 1.49. SolarEdge Technologies has a 12 month low of $10.24 and a 12 month high of $39.07. The company has a quick ratio of 1.42, a current ratio of 1.94 and a debt-to-equity ratio of 0.72.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last posted its earnings results on Thursday, August 7th. The semiconductor company reported ($0.81) earnings per share (EPS) for the quarter, hitting 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 firm had revenue of $289.43 million for the quarter, compared to the consensus estimate of $270.03 million. During the same quarter in the prior year, the business posted ($1.79) earnings per share. The business's quarterly revenue was up 9.0% on a year-over-year basis. SolarEdge Technologies has set its Q3 2025 guidance at EPS. As a group, research analysts predict that SolarEdge Technologies will post -4.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of SolarEdge Technologies by 4.4% during the first quarter. Vanguard Group Inc. now owns 3,028,018 shares of the semiconductor company's stock valued at $48,993,000 after purchasing an additional 126,246 shares in the last quarter. Ion Asset Management Ltd. grew its stake in shares of 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 buying an additional 1,199,801 shares during the last quarter. Menora Mivtachim Holdings LTD. boosted its holdings in SolarEdge Technologies by 213.4% in the second 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 in the last quarter. Legal & General Group Plc boosted its holdings in SolarEdge Technologies by 9.6% in the second 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 in the last quarter. Finally, Two Sigma Investments LP boosted its holdings in SolarEdge Technologies by 1.3% in the fourth quarter. Two Sigma Investments LP now owns 1,254,397 shares of the semiconductor company's stock worth $17,060,000 after acquiring an additional 16,258 shares in the last quarter. 95.10% of the stock is owned by hedge funds and other institutional investors.

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.