SolarEdge Technologies (NASDAQ:SEDG) Given New $30.00 Price Target at Citigroup

Key Points

• Citigroup has raised SolarEdge Technologies' price target from $9.00 to $30.00, although it maintains a "sell" rating, indicating a potential downside of 25.68% from the previous close.
• Other analysts, including Morgan Stanley and Susquehanna, have issued varying price targets, with the current consensus rating being "Reduce" and an average target of $21.68.
• Despite a recent stock price increase to $40.37, SolarEdge reported a negative net margin and earnings per share of ($0.81), matching analyst expectations.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) had its price target boosted by analysts at Citigroup from $9.00 to $30.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a "sell" rating on the semiconductor company's stock. Citigroup's price target would indicate a potential downside of 25.68% from the company's previous close.

Several other analysts also recently issued reports on SEDG. Morgan Stanley boosted their price objective on SolarEdge Technologies from $17.00 to $25.00 and gave the stock an "underweight" rating in a report on Thursday, October 16th. Susquehanna upped their target price on SolarEdge Technologies from $25.00 to $40.00 and gave the stock a "neutral" rating in a research report on Monday, October 13th. Wells Fargo & Company upped their target price on SolarEdge Technologies from $15.00 to $24.00 and gave the company an "equal weight" rating in a research note on Friday, August 8th. TD Cowen increased their price objective on SolarEdge Technologies from $18.00 to $20.00 and gave the stock a "hold" rating in a research note on Friday, August 8th. Finally, JPMorgan Chase & Co. raised their target price on SolarEdge Technologies from $27.00 to $29.00 and gave the company a "neutral" rating in a research note on Thursday, October 16th. Eighteen research analysts have rated the stock with a Hold rating and eleven have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $21.68.

SolarEdge Technologies Trading Up 0.9%

Shares of SolarEdge Technologies stock traded up $0.37 during mid-day trading on Tuesday, hitting $40.37. 972,796 shares of the stock were exchanged, compared to its average volume of 4,663,015. The company has a 50-day simple moving average of $34.17 and a 200 day simple moving average of $24.71. The company has a current ratio of 1.94, a quick ratio of 1.42 and a debt-to-equity ratio of 0.72. SolarEdge Technologies has a twelve month low of $10.24 and a twelve month high of $41.92. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of -1.34 and a beta of 1.58.

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

Institutional Trading of SolarEdge Technologies

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of SolarEdge Technologies by 4.4% during the 1st 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 during the period. Ion Asset Management Ltd. lifted its position in SolarEdge Technologies by 135.9% during the first quarter. Ion Asset Management Ltd. now owns 2,082,497 shares of the semiconductor company's stock valued at $33,695,000 after purchasing an additional 1,199,801 shares in the last quarter. Menora Mivtachim Holdings LTD. lifted its position in shares of 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 buying an additional 1,015,017 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in SolarEdge Technologies by 612.9% during 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 acquiring an additional 1,245,445 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of SolarEdge Technologies by 9.6% during the second quarter. Legal & General Group Plc now owns 1,424,788 shares of the semiconductor company's stock valued at $29,066,000 after buying an additional 124,591 shares during the last quarter. 95.10% of the stock is currently owned by 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.

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