SolarEdge Technologies (NASDAQ:SEDG) Stock Price Expected to Rise, Mizuho Analyst Says

SolarEdge Technologies (NASDAQ:SEDG - Free Report) had its target price increased by Mizuho from $15.00 to $18.00 in a report published on Monday morning,Benzinga reports. Mizuho currently has a neutral rating on the semiconductor company's stock.

SEDG has been the subject of a number of other research reports. UBS Group cut their target price on shares of SolarEdge Technologies from $22.00 to $17.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Guggenheim reiterated a "sell" rating and issued a $5.00 target price on shares of SolarEdge Technologies in a research note on Wednesday, April 23rd. Canaccord Genuity Group lifted their target price on shares of SolarEdge Technologies from $14.00 to $16.50 and gave the company a "hold" rating in a research note on Wednesday, May 7th. Wells Fargo & Company lowered their price target on shares of SolarEdge Technologies from $19.00 to $15.00 and set an "equal weight" rating for the company in a report on Wednesday, May 7th. Finally, Barclays raised their price target on shares of SolarEdge Technologies from $10.00 to $11.00 and gave the company an "underweight" rating in a report on Wednesday, April 16th. Ten equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $16.84.

SolarEdge Technologies Price Performance

SEDG traded up $1.01 during midday trading on Monday, reaching $18.11. 3,661,893 shares of the company's stock were exchanged, compared to its average volume of 4,603,379. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of -0.58 and a beta of 1.50. The company has a quick ratio of 1.46, a current ratio of 1.95 and a debt-to-equity ratio of 0.56. SolarEdge Technologies has a one year low of $10.24 and a one year high of $50.83. The business has a 50-day simple moving average of $15.31 and a two-hundred day simple moving average of $15.00.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The semiconductor company reported ($1.14) EPS for the quarter, topping analysts' consensus estimates of ($1.26) by $0.12. The firm had revenue of $219.48 million during the quarter, compared to analysts' expectations of $205.39 million. SolarEdge Technologies had a negative net margin of 192.13% and a negative return on equity of 95.05%. The company's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the company earned ($1.90) earnings per share. As a group, research analysts predict that SolarEdge Technologies will post -4.54 EPS for the current year.

Institutional Trading of SolarEdge Technologies

A number of institutional investors have recently modified their holdings of SEDG. Janney Montgomery Scott LLC bought a new stake in shares of SolarEdge Technologies in the fourth quarter valued at about $227,000. Bank Hapoalim BM raised its holdings in SolarEdge Technologies by 24.0% during the fourth quarter. Bank Hapoalim BM now owns 41,626 shares of the semiconductor company's stock worth $566,000 after acquiring an additional 8,053 shares in the last quarter. Y.D. More Investments Ltd raised its holdings in SolarEdge Technologies by 251.8% during the fourth quarter. Y.D. More Investments Ltd now owns 3,870 shares of the semiconductor company's stock worth $53,000 after acquiring an additional 2,770 shares in the last quarter. Principal Financial Group Inc. raised its holdings in SolarEdge Technologies by 4.4% during the fourth quarter. Principal Financial Group Inc. now owns 277,832 shares of the semiconductor company's stock worth $3,779,000 after acquiring an additional 11,704 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new position in SolarEdge Technologies during the fourth quarter worth approximately $161,000. 95.10% of the stock is currently owned by institutional investors.

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.