SolarEdge Technologies (NASDAQ:SEDG) Sets New 1-Year High on Analyst Upgrade

Key Points

• SolarEdge Technologies shares reached a new 52-week high of $41.92 following an analyst upgrade by Barclays, which raised its price target from $29.00 to $36.00.
• Institutional investors have increased their holdings significantly, with Assenagon Asset Management raising its position by 612.9% in the third quarter.
• Despite a reported quarterly loss of ($0.81) earnings per share, SolarEdge's revenue for the quarter was up 9.0% year-over-year, totaling $289.43 million.

SolarEdge Technologies, Inc. (NASDAQ:SEDG - Get Free Report)'s share price reached a new 52-week high during trading on Friday after Barclays raised their price target on the stock from $29.00 to $36.00. Barclays currently has an equal weight rating on the stock. SolarEdge Technologies traded as high as $41.92 and last traded at $38.61, with a volume of 7113807 shares changing hands. The stock had previously closed at $35.66.

Several other analysts have also recently commented on the stock. Susquehanna raised their price target on shares of SolarEdge Technologies from $14.00 to $26.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Deutsche Bank Aktiengesellschaft raised their price target on shares of SolarEdge Technologies from $19.00 to $28.00 and gave the stock a "hold" rating in a report on Wednesday, October 1st. KeyCorp upgraded shares of SolarEdge Technologies from an "underweight" rating to a "sector weight" rating in a report on Tuesday, July 8th. Guggenheim raised their price target on shares of SolarEdge Technologies from $5.00 to $7.00 and gave the stock a "sell" rating in a report on Monday, August 25th. Finally, Glj Research cut shares of 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. Eighteen investment analysts have rated the stock with a Hold rating and eleven have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average price target of $19.20.

Hedge Funds Weigh In On SolarEdge Technologies

A number of institutional investors have recently modified their holdings of SEDG. Assenagon Asset Management S.A. raised its position in shares of SolarEdge Technologies by 612.9% in the third quarter. Assenagon Asset Management S.A. now owns 1,448,643 shares of the semiconductor company's stock valued at $53,600,000 after purchasing an additional 1,245,445 shares during the period. Ion Asset Management Ltd. raised its position in shares of SolarEdge Technologies by 135.9% in 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 during the period. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of SolarEdge Technologies by 10,038.2% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,109,225 shares of the semiconductor company's stock worth $17,945,000 after acquiring an additional 1,098,284 shares during the last quarter. Menora Mivtachim Holdings LTD. grew its stake 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 acquiring an additional 1,015,017 shares during the last quarter. Finally, Electron Capital Partners LLC acquired a new stake in shares of SolarEdge Technologies in the second quarter worth $17,009,000. Institutional investors own 95.10% of the company's stock.

SolarEdge Technologies Stock Performance

The firm's 50 day moving average price is $32.38 and its 200-day moving average price is $23.53. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of -1.29 and a beta of 1.58. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.94 and a quick ratio of 1.42.

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 business had revenue of $289.43 million for 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% 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. On average, analysts anticipate that SolarEdge Technologies, Inc. will post -4.54 earnings per share 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.

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