SolarEdge Technologies (NASDAQ:SEDG) Reaches New 52-Week 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 hit a new 52-week high during 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 trading hands. The stock had previously closed at $34.71.

A number of other research firms also recently weighed in on SEDG. BNP Paribas upgraded SolarEdge Technologies to a "strong sell" rating in a research report on Wednesday, July 16th. Guggenheim boosted their price target on SolarEdge Technologies from $5.00 to $7.00 and gave the company a "sell" rating in a report on Monday, August 25th. Northland Securities raised shares of SolarEdge Technologies from an "under perform" rating to a "market perform" rating and set a $15.50 target price for the company in a report on Friday, May 23rd. Roth Capital lifted their price objective on shares of SolarEdge Technologies from $15.00 to $25.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Finally, Oppenheimer restated a "market perform" rating on shares of SolarEdge Technologies in a research report on Monday, August 11th. Seventeen equities research analysts have rated the stock with a Hold rating and ten have given a Sell rating to the stock. Based on data from MarketBeat, SolarEdge Technologies currently has a consensus rating of "Reduce" and a consensus target price of $18.54.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Marex Group plc purchased a new position in shares of SolarEdge Technologies during the second quarter valued at $518,000. Element Pointe Advisors LLC bought a new position in SolarEdge Technologies during the 2nd quarter worth $339,000. Public Sector Pension Investment Board grew its stake in shares of SolarEdge Technologies by 9.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 201,340 shares of the semiconductor company's stock worth $4,107,000 after acquiring an additional 17,564 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in SolarEdge Technologies by 28.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the semiconductor company's stock valued at $51,000 after buying an additional 553 shares during the period. Finally, State of Tennessee Department of Treasury raised its stake in shares of SolarEdge Technologies by 82.4% during the second quarter. State of Tennessee Department of Treasury now owns 25,317 shares of the semiconductor company's stock valued at $516,000 after acquiring an additional 11,436 shares during the last quarter. 95.10% of the stock is owned by institutional investors and hedge funds.

SolarEdge Technologies Price Performance

The firm has a fifty day moving average price of $29.50 and a two-hundred day moving average price of $21.55. 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 stock has a market capitalization of $2.11 billion, a P/E ratio of -1.18 and a beta of 1.50.

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 for the quarter, meeting analysts' consensus estimates 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 analyst estimates of $270.03 million. During the same quarter last year, the business posted ($1.79) EPS. 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. On average, analysts expect that SolarEdge Technologies, Inc. will post -4.54 EPS for the current year.

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.