SolarEdge Technologies (NASDAQ:SEDG) Hits New 12-Month High Following Analyst Upgrade

Key Points

• SolarEdge Technologies stock reached a new 52-week high of $36.58 after an upgrade by JPMorgan Chase, which raised its price target from $23 to $27 while maintaining a neutral rating.
• Multiple analysts have adjusted their price targets for SolarEdge, with Roth Capital and Wells Fargo raising theirs to $25 and $24 respectively, reflecting a generally cautious perspective with a consensus "Reduce" rating across analysts.
• Institutional investors hold 95.10% of SolarEdge's stock, showing significant confidence, with recent increases in positions from firms like Fifth Third Bancorp and Edmond DE Rothschild Holding S.A.

SolarEdge Technologies, Inc. (NASDAQ:SEDG - Get Free Report) shares reached a new 52-week high during mid-day trading on Friday after JPMorgan Chase & Co. raised their price target on the stock from $23.00 to $27.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. SolarEdge Technologies traded as high as $36.58 and last traded at $35.34, with a volume of 1333035 shares changing hands. The stock had previously closed at $34.71.

A number of other equities analysts have also recently commented on the company. Wells Fargo & Company boosted their price target on SolarEdge Technologies from $15.00 to $24.00 and gave the stock an "equal weight" rating in a report on Friday, August 8th. BNP Paribas raised SolarEdge Technologies to a "strong sell" rating in a report on Wednesday, July 16th. Glj Research cut SolarEdge Technologies from a "hold" rating to a "strong sell" rating and set a $6.90 price target for the company. in a report on Tuesday, June 17th. Jefferies Financial Group boosted their price target on SolarEdge Technologies from $10.00 to $18.00 and gave the stock an "underperform" rating in a report on Monday, July 14th. Finally, Mizuho upped their price target on SolarEdge Technologies from $18.00 to $29.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Seventeen equities research analysts have rated the stock with a Hold rating and ten have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average price target of $18.54.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SEDG. Resona Asset Management Co. Ltd. lifted its position in shares of SolarEdge Technologies by 6.7% in the second quarter. Resona Asset Management Co. Ltd. now owns 6,472 shares of the semiconductor company's stock worth $128,000 after buying an additional 404 shares in the last quarter. Tidal Investments LLC lifted its position in shares of SolarEdge Technologies by 1.2% in the second quarter. Tidal Investments LLC now owns 42,411 shares of the semiconductor company's stock worth $865,000 after buying an additional 484 shares in the last quarter. Maryland State Retirement & Pension System raised its position in SolarEdge Technologies by 2.9% during the second quarter. Maryland State Retirement & Pension System now owns 17,352 shares of the semiconductor company's stock valued at $354,000 after purchasing an additional 486 shares during the period. Public Employees Retirement System of Ohio raised its position in 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 purchasing an additional 508 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings 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 worth $51,000 after buying an additional 553 shares during the period. Hedge funds and other institutional investors own 95.10% of the company's stock.

SolarEdge Technologies Stock Performance

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 firm has a fifty day moving average price of $29.50 and a two-hundred day moving average price of $21.59. The stock has a market capitalization of $2.29 billion, a PE ratio of -1.29 and a beta of 1.49.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last announced 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 company had revenue of $289.43 million for the quarter, compared to analysts' expectations of $270.03 million. SolarEdge Technologies had a negative return on equity of 191.53% and a negative net margin of 177.64%.SolarEdge Technologies's revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.79) earnings per share. SolarEdge Technologies has set its Q3 2025 guidance at EPS. Research analysts expect that SolarEdge Technologies, Inc. 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.