SolarEdge Technologies (NASDAQ:SEDG) Shares Up 8.2% - What's Next?

Key Points

• Shares jumped 8.2% to about $40.53 (intraday high $40.80) on Monday, on lighter volume (~1.24M shares vs. a 3.18M average).
• Analysts are largely cautious — the Street shows 1 Buy, 17 Holds and 7 Sells with a MarketBeat consensus rating of "Reduce" and a consensus target of $27.68, though several banks have raised targets into the mid-$30s.
• Recent quarter: SolarEdge reported an EPS beat of -$0.14 vs. -$0.19 and revenue up 70.9% y/y to $333.8M, but the company remains unprofitable with negative net margin and return on equity.

SolarEdge Technologies, Inc. (NASDAQ:SEDG - Get Free Report) shot up 8.2% during mid-day trading on Monday . The company traded as high as $40.80 and last traded at $40.5270. 1,241,372 shares changed hands during trading, a decline of 61% from the average session volume of 3,183,150 shares. The stock had previously closed at $37.44.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Citigroup decreased their price objective on SolarEdge Technologies from $30.00 to $29.00 and set a "sell" rating on the stock in a report on Thursday, December 18th. Barclays boosted their price objective on shares of SolarEdge Technologies from $36.00 to $39.00 and gave the company an "equal weight" rating in a report on Thursday, January 15th. Morgan Stanley lifted their price target on shares of SolarEdge Technologies from $33.00 to $40.00 and gave the company an "equal weight" rating in a research report on Thursday, February 19th. Wells Fargo & Company lifted their target price on shares of SolarEdge Technologies from $33.00 to $36.00 and gave the company an "equal weight" rating in a report on Friday, February 20th. Finally, The Goldman Sachs Group lifted their price objective on SolarEdge Technologies from $32.00 to $36.00 and gave the company a "neutral" rating in a research note on Thursday, February 19th. One analyst has rated the stock with a Buy rating, seventeen have issued a Hold rating and seven have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $27.68.

SolarEdge Technologies Stock Performance

The stock has a 50-day moving average price of $35.20 and a 200 day moving average price of $34.76. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of -5.74 and a beta of 1.62.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last announced its quarterly earnings results on Wednesday, February 18th. The semiconductor company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.19) by $0.05. SolarEdge Technologies had a negative return on equity of 45.54% and a negative net margin of 34.23%.The company had revenue of $333.80 million during the quarter, compared to the consensus estimate of $330.33 million. During the same period in the previous year, the business earned ($3.52) EPS. SolarEdge Technologies's revenue for the quarter was up 70.9% on a year-over-year basis. On average, analysts forecast that SolarEdge Technologies, Inc. will post -4.54 EPS for the current year.

Hedge Funds Weigh In On SolarEdge Technologies

Several large investors have recently bought and sold shares of SEDG. Accent Capital Management LLC purchased a new stake in shares of SolarEdge Technologies in the 3rd quarter valued at about $25,000. Whittier Trust Co. purchased a new position in SolarEdge Technologies during the 3rd quarter worth approximately $27,000. Hantz Financial Services Inc. lifted its stake in SolarEdge Technologies by 352.5% in the third quarter. Hantz Financial Services Inc. now owns 733 shares of the semiconductor company's stock valued at $27,000 after buying an additional 571 shares during the last quarter. State of Wyoming acquired a new stake in SolarEdge Technologies during the 4th quarter worth $27,000. Finally, Saranac Partners Ltd purchased a new position in SolarEdge Technologies during the 3rd quarter worth $28,000. Institutional investors and hedge funds own 95.10% of the company's stock.

SolarEdge Technologies Company Profile

SolarEdge Technologies NASDAQ: SEDG is a global provider of solar energy solutions focused on optimizing photovoltaic (PV) power generation. The company's core offerings include power optimizers, inverters and cloud-based monitoring platforms designed to maximize energy output and improve safety across residential, commercial and utility-scale installations. By coupling module-level electronics with centralized inverters, SolarEdge's technology enables real-time performance monitoring and rapid fault detection to enhance system reliability.

In recent years, SolarEdge has expanded its product portfolio beyond solar PV to include energy storage systems, electric vehicle (EV) charging solutions and smart energy management tools.

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