SolarEdge Technologies (NASDAQ:SEDG) Sets New 52-Week High - Still a Buy?

Key Points

• SolarEdge Technologies reached a new 52-week high of $32.59, closing at $30.06, with significant trading volume of over 13 million shares.
• Recent analyst reports show a wide range of price targets, with Susquehanna raising its target to $26.00 while Guggenheim set a low target of $5.00, reflecting differing opinions on the stock.
• The company's latest earnings report indicated a revenue of $289.43 million, exceeding analysts' expectations, but it reported a negative earnings per share of ($0.81).

SolarEdge Technologies, Inc. (NASDAQ:SEDG - Get Free Report) shares hit a new 52-week high on Saturday . The company traded as high as $32.59 and last traded at $30.06, with a volume of 13686228 shares trading hands. The stock had previously closed at $25.67.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SEDG shares. JPMorgan Chase & Co. reissued a "neutral" rating and set a $23.00 price target (up previously from $18.00) on shares of SolarEdge Technologies in a research report on Tuesday, July 15th. BNP Paribas raised SolarEdge Technologies to a "strong sell" rating in a research report on Wednesday, July 16th. TD Cowen boosted their target price on shares of SolarEdge Technologies from $18.00 to $20.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. Roth Capital increased their price target on 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 report on Monday, August 11th. Eighteen investment analysts have rated the stock with a Hold rating and ten have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $18.12.

SolarEdge Technologies Stock Down 5.7%

The stock's fifty day simple moving average is $24.84 and its two-hundred day simple moving average is $18.99. 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 company has a market capitalization of $1.79 billion, a price-to-earnings ratio of -1.01 and a beta of 1.56.

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

Institutional Investors Weigh In On SolarEdge Technologies

Hedge funds have recently made changes to their positions in the business. Edmond DE Rothschild Holding S.A. increased its position in SolarEdge Technologies by 60.0% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 1,600 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 600 shares during the period. Fifth Third Bancorp grew its stake in shares of SolarEdge Technologies by 93.7% in the first quarter. Fifth Third Bancorp now owns 1,633 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 790 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of SolarEdge Technologies during the second quarter valued at $35,000. Banque Cantonale Vaudoise bought a new stake in shares of SolarEdge Technologies during the first quarter valued at about $35,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of 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 purchasing an additional 553 shares in the last quarter. Institutional investors own 95.10% of the company's stock.

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.