SolarEdge Technologies, Inc. (NASDAQ:SEDG) Given Average Recommendation of "Reduce" by Brokerages

Key Points

• SolarEdge Technologies, Inc. has received an average rating of "Reduce" from brokerages, with 11 analysts issuing a sell rating and 18 giving it a hold rating.
• Barclays and Goldman Sachs have recently raised their target prices for SolarEdge, with Barclays setting it at $36.00 and Goldman Sachs at $31.00.
• The company's stock performance shows a 52-week low of $10.24 and a high of $41.92, with a current debt-to-equity ratio of 0.72.

SolarEdge Technologies, Inc. (NASDAQ:SEDG - Get Free Report) has earned a consensus rating of "Reduce" from the twenty-nine ratings firms that are currently covering the firm, MarketBeat.com reports. Eleven investment analysts have rated the stock with a sell rating and eighteen have issued a hold rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $19.1960.

A number of brokerages have recently weighed in on SEDG. Weiss Ratings restated a "sell (d-)" rating on shares of SolarEdge Technologies in a research note on Wednesday. Barclays raised their target price on SolarEdge Technologies from $29.00 to $36.00 and gave the company an "equal weight" rating in a research note on Thursday. The Goldman Sachs Group raised their target price on SolarEdge Technologies from $27.00 to $31.00 and gave the company a "neutral" rating in a research note on Thursday, September 11th. KeyCorp upgraded SolarEdge Technologies from an "underweight" rating to a "sector weight" rating in a research note on Tuesday, July 8th. Finally, Jefferies Financial Group raised their target price on SolarEdge Technologies from $10.00 to $18.00 and gave the company an "underperform" rating in a research note on Monday, July 14th.

SolarEdge Technologies Stock Performance

SolarEdge Technologies stock opened at $38.61 on Friday. 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 stock has a fifty day moving average price of $32.38 and a two-hundred day moving average price of $23.53. SolarEdge Technologies has a 52-week low of $10.24 and a 52-week high of $41.92. The firm has a market capitalization of $2.29 billion, a P/E ratio of -1.29 and a beta of 1.58.

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 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 during the quarter, compared to analyst estimates of $270.03 million. During the same period in the prior year, the company posted ($1.79) earnings per share. The business'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, analysts anticipate that SolarEdge Technologies will post -4.54 EPS for the current fiscal year.

Institutional Trading of SolarEdge Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in 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 period. Ion Asset Management Ltd. increased its position in SolarEdge Technologies by 135.9% in the first quarter. Ion Asset Management Ltd. now owns 2,082,497 shares of the semiconductor company's stock worth $33,695,000 after purchasing an additional 1,199,801 shares during the period. Menora Mivtachim Holdings LTD. increased its position 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 purchasing an additional 1,015,017 shares during the period. Assenagon Asset Management S.A. increased its position in SolarEdge Technologies by 612.9% in the third quarter. Assenagon Asset Management S.A. now owns 1,448,643 shares of the semiconductor company's stock worth $53,600,000 after purchasing an additional 1,245,445 shares during the period. Finally, Legal & General Group Plc increased its position 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 purchasing an additional 124,591 shares during the period. 95.10% of the stock is currently owned by institutional investors and hedge funds.

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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