SolarEdge Technologies, Inc. (NASDAQ:SEDG) Receives $18.37 Consensus Target Price from Analysts

Key Points

• SolarEdge Technologies, Inc. has received an average recommendation of "Reduce" from analysts, with ten rating the stock as a sell and seventeen as a hold.
• The company's shares opened at $28.97, having a 52-week low of $10.24 and a high of $35.77, while its market cap stands at $1.72 billion.
• SolarEdge reported a quarterly earnings loss of ($0.81) per share, despite achieving a revenue of $289.43 million, surpassing analysts' expectations of $270.03 million.

SolarEdge Technologies, Inc. (NASDAQ:SEDG - Get Free Report) has been given a consensus recommendation of "Reduce" by the twenty-seven ratings firms that are currently covering the firm, Marketbeat.com reports. Ten investment analysts have rated the stock with a sell recommendation and seventeen have given a hold recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $18.5375.

SEDG has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of SolarEdge Technologies from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. The Goldman Sachs Group raised their price objective on shares of SolarEdge Technologies from $27.00 to $31.00 and gave the stock a "neutral" rating in a report on Thursday, September 11th. Mizuho lifted their target price on shares of SolarEdge Technologies from $18.00 to $29.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Glj Research downgraded shares of SolarEdge Technologies from a "hold" rating to a "strong sell" rating and set a $6.90 target price for the company. in a research note on Tuesday, June 17th. Finally, BNP Paribas upgraded shares of SolarEdge Technologies to a "strong sell" rating in a research note on Wednesday, July 16th.

Hedge Funds Weigh In On SolarEdge Technologies

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

SolarEdge Technologies Stock Up 2.1%

Shares of SEDG stock traded up $0.74 on Monday, hitting $35.45. The stock had a trading volume of 5,505,845 shares, compared to its average volume of 4,066,991. The business has a 50 day moving average of $29.50 and a 200 day moving average of $21.51. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of -1.18 and a beta of 1.50. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.94 and a quick ratio of 1.42. SolarEdge Technologies has a 12-month low of $10.24 and a 12-month high of $36.58.

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

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.