SolarEdge Technologies (NASDAQ:SEDG) Shares Up 7.1% on Analyst Upgrade

Key Points

• SolarEdge Technologies shares increased by 7.1% following an upgrade from Barclays, who raised their price target from $29.00 to $36.00.
• The stock has witnessed varied ratings from analysts, with 18 maintaining a Hold rating and 11 giving Sell ratings, leading to a consensus target price of $19.20.
• Despite a 9.0% year-over-year increase in quarterly revenue, the company reported a negative earnings per share of ($0.81), aligning with analyst expectations.

Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG - Get Free Report) shot up 7.1% on Thursday 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 $37.75 and last traded at $38.18. 360,379 shares traded hands during trading, a decline of 92% from the average session volume of 4,685,807 shares. The stock had previously closed at $35.66.

A number of other research analysts have also recently commented on the stock. BNP Paribas Exane cut shares of SolarEdge Technologies from a "neutral" rating to an "underperform" rating and set a $17.00 target price on the stock. in a research report on Wednesday, July 16th. Wells Fargo & Company boosted their target price on shares of SolarEdge Technologies from $15.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Friday, August 8th. Guggenheim boosted their target price on shares of SolarEdge Technologies from $5.00 to $7.00 and gave the stock a "sell" rating in a research report on Monday, August 25th. Mizuho boosted their target price on shares of SolarEdge Technologies from $18.00 to $29.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Finally, 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. Eighteen analysts have rated the stock with a Hold rating and eleven have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $19.20.

Hedge Funds Weigh In On SolarEdge Technologies

A number of hedge funds have recently added to or reduced their stakes in the company. Edmond DE Rothschild Holding S.A. grew its holdings in SolarEdge Technologies by 60.0% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 1,600 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 600 shares during the last quarter. Fifth Third Bancorp increased its position in 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 during the period. Canada Pension Plan Investment Board bought a new position in shares of SolarEdge Technologies during the 2nd quarter valued at about $35,000. Banque Cantonale Vaudoise bought a new stake in SolarEdge Technologies in the 1st quarter valued at approximately $35,000. Finally, Tower Research Capital LLC TRC increased its position in shares of SolarEdge Technologies by 28.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the semiconductor company's stock worth $51,000 after purchasing an additional 553 shares during the last quarter. Institutional investors and hedge funds own 95.10% of the company's stock.

SolarEdge Technologies Trading Up 4.9%

The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.42 and a current ratio of 1.94. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of -1.25 and a beta of 1.58. The business has a fifty day simple moving average of $32.12 and a 200 day simple moving average of $23.38.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last posted its earnings results on Thursday, August 7th. The semiconductor company reported ($0.81) EPS for the quarter, meeting the consensus estimate of ($0.81). The firm had revenue of $289.43 million during the quarter, compared to the consensus estimate of $270.03 million. SolarEdge Technologies had a negative return on equity of 191.53% and a negative net margin of 177.64%.The business's quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the company earned ($1.79) earnings per share. SolarEdge Technologies has set its Q3 2025 guidance at EPS. As a group, research 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.

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