SolarEdge Technologies (NASDAQ:SEDG) Given New $25.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank Of Canada has increased its price target for SolarEdge Technologies from $22.00 to $25.00, maintaining a "sector perform" rating, indicating a potential downside from the stock's previous close.
• Multiple analysts have recently updated their price targets for SolarEdge, with Goldman Sachs raising theirs to $31.00 and Roth Capital to $25.00, while BNP Paribas Exane downgraded the company to an "underperform" rating with a $17.00 target.
• SolarEdge reported a revenue of $289.43 million for the last quarter, exceeding expectations, although the company has a negative net margin of 177.64% and continues to face challenges within the solar industry.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) had its price objective upped by equities researchers at Royal Bank Of Canada from $22.00 to $25.00 in a note issued to investors on Monday,MarketScreener reports. The brokerage currently has a "sector perform" rating on the semiconductor company's stock. Royal Bank Of Canada's price objective points to a potential downside of 34.74% from the stock's previous close.

Other equities analysts have also issued reports about the company. The Goldman Sachs Group lifted their price objective on SolarEdge Technologies from $27.00 to $31.00 and gave the stock a "neutral" rating in a research note on Thursday, September 11th. Roth Capital upped their price target on SolarEdge Technologies from $15.00 to $25.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. BNP Paribas Exane cut SolarEdge Technologies from a "neutral" rating to an "underperform" rating and set a $17.00 price objective for the company. in a research report on Wednesday, July 16th. Jefferies Financial Group boosted their target price on shares of SolarEdge Technologies from $10.00 to $18.00 and gave the stock an "underperform" rating in a research report on Monday, July 14th. Finally, KeyCorp raised shares of SolarEdge Technologies from an "underweight" rating to a "sector weight" rating in a report on Tuesday, July 8th. Eighteen research analysts have rated the stock with a Hold rating and eleven have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus target price of $20.84.

SolarEdge Technologies Trading Up 3.5%

Shares of SEDG stock opened at $38.31 on Monday. SolarEdge Technologies has a 12 month low of $10.24 and a 12 month high of $41.92. The company has a market cap of $2.27 billion, a PE ratio of -1.27 and a beta of 1.58. The company has a quick ratio of 1.42, a current ratio of 1.94 and a debt-to-equity ratio of 0.72. The business's 50 day moving average is $33.87 and its two-hundred day moving average is $24.54.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last posted 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). The business had revenue of $289.43 million during the quarter, compared to the consensus estimate of $270.03 million. SolarEdge Technologies had a negative net margin of 177.64% and a negative return on equity of 191.53%. SolarEdge Technologies's quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.79) EPS. SolarEdge Technologies has set its Q3 2025 guidance at EPS. Equities analysts predict that SolarEdge Technologies will post -4.54 EPS for the current year.

Institutional Trading of SolarEdge Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Edmond DE Rothschild Holding S.A. lifted its stake in SolarEdge Technologies by 60.0% during 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 during the period. Banque Cantonale Vaudoise bought a new position in shares of SolarEdge Technologies during the 1st quarter worth approximately $35,000. Canada Pension Plan Investment Board acquired a new stake in SolarEdge Technologies in the 2nd quarter valued at $35,000. Tower Research Capital LLC TRC grew its position 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 valued at $51,000 after acquiring an additional 553 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of SolarEdge Technologies by 21.5% during the second quarter. Public Employees Retirement System of Ohio now owns 2,868 shares of the semiconductor company's stock valued at $59,000 after acquiring an additional 508 shares during the period. Institutional investors own 95.10% of the company's stock.

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.

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