SolarEdge Technologies (NASDAQ:SEDG) Sets New 12-Month High - Time to Buy?

Key Points

• SolarEdge Technologies hit a new 52-week high with shares trading at $34.59, indicating growing investor interest.
• Several analysts revised their price targets for SolarEdge, with estimates ranging from $15.50 to $25.00 and a general consensus rating of "Reduce."
• The company reported a revenue increase of 9.0% year-over-year, reaching $289.43 million, despite reporting a negative EPS of ($0.81).

SolarEdge Technologies, Inc. (NASDAQ:SEDG - Get Free Report)'s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $34.59 and last traded at $34.19, with a volume of 319924 shares. The stock had previously closed at $33.25.

Analyst Ratings Changes

SEDG has been the topic of a number of recent research reports. TD Cowen upped their price objective on shares of SolarEdge Technologies from $18.00 to $20.00 and gave the stock a "hold" rating in a report on Friday, August 8th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $23.00 price target (up previously from $18.00) on shares of SolarEdge Technologies in a research note on Tuesday, July 15th. Wells Fargo & Company lifted their price objective 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. Northland Securities raised SolarEdge Technologies from an "under perform" rating to a "market perform" rating and set a $15.50 target price on the stock in a report on Friday, May 23rd. Finally, Northland Capmk upgraded SolarEdge Technologies from a "strong sell" rating to a "hold" rating in a report on Friday, May 23rd. Seventeen investment analysts have rated the stock with a Hold rating and ten have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Reduce" and an average target price of $18.20.

SolarEdge Technologies Stock Down 6.8%

The company has a current ratio of 1.94, a quick ratio of 1.42 and a debt-to-equity ratio of 0.72. The company's 50 day simple moving average is $27.08 and its 200-day simple moving average is $20.10. The firm has a market cap of $1.87 billion, a P/E ratio of -1.05 and a beta of 1.49.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last issued its earnings results 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 net margin of 177.64% and a negative return on equity of 191.53%. The firm's quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last 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, Inc. will post -4.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SolarEdge Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 Asset Management L.P. purchased a new stake in shares of SolarEdge Technologies in the fourth quarter worth $17,909,000. Ion Asset Management Ltd. raised its stake 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. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of SolarEdge Technologies by 10,038.2% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,109,225 shares of the semiconductor company's stock valued at $17,945,000 after acquiring an additional 1,098,284 shares during the last quarter. Menora Mivtachim Holdings LTD. boosted its holdings in shares of SolarEdge Technologies by 213.4% in the 2nd quarter. Menora Mivtachim Holdings LTD. now owns 1,490,637 shares of the semiconductor company's stock worth $30,409,000 after purchasing an additional 1,015,017 shares during the period. Finally, Electron Capital Partners LLC purchased a new position in SolarEdge Technologies during the second quarter worth $17,009,000. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

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.