SolarEdge Technologies (NASDAQ:SEDG) Shares Up 8.6% - Still a Buy?

Key Points

• SolarEdge Technologies shares rose 8.6%, trading at $41.09, significantly lower than its average volume of over 4.6 million shares.
• Analysts hold mixed opinions on the company, with a majority rating the stock as "Hold" and several adjusting target prices, including Morgan Stanley's increase to $25.00 and Mizuho's to $29.00.
• The company reported a negative EPS of ($0.81) but achieved a revenue of $289.43 million, reflecting a 9% increase from the previous year.

SolarEdge Technologies, Inc. (NASDAQ:SEDG - Get Free Report)'s share price traded up 8.6% during trading on Friday . The stock traded as high as $41.00 and last traded at $41.09. 862,103 shares were traded during trading, a decline of 81% from the average session volume of 4,634,837 shares. The stock had previously closed at $37.82.

Analysts Set New Price Targets

A number of analysts have weighed in on SEDG shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of SolarEdge Technologies in a research report on Wednesday, October 8th. Morgan Stanley boosted their target price on SolarEdge Technologies from $17.00 to $25.00 and gave the stock an "underweight" rating in a report on Thursday, October 16th. Mizuho increased their price target on SolarEdge Technologies from $18.00 to $29.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Jefferies Financial Group boosted their price objective on shares of SolarEdge Technologies from $10.00 to $18.00 and gave the stock an "underperform" rating in a research note on Monday, July 14th. Finally, Barclays upped their price objective on shares of SolarEdge Technologies from $29.00 to $36.00 and gave the stock an "equal weight" rating in a report on Thursday, October 9th. Eighteen 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 stock currently has an average rating of "Reduce" and an average target price of $21.68.

SolarEdge Technologies Stock Performance

The firm's fifty day moving average price is $34.91 and its 200-day moving average price is $25.07. The company has a market cap of $2.41 billion, a P/E ratio of -1.36 and a beta of 1.58. The company has a current ratio of 1.94, a quick ratio of 1.42 and a debt-to-equity ratio of 0.72.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last released its 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 the consensus estimate of $270.03 million. During the same period last year, the business earned ($1.79) earnings per share. The firm's revenue for the quarter was up 9.0% compared to the same quarter last year. SolarEdge Technologies has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that SolarEdge Technologies, Inc. will post -4.54 EPS for the current fiscal year.

Institutional Investors Weigh In On SolarEdge Technologies

Institutional investors have recently bought and sold shares of the business. Edmond DE Rothschild Holding S.A. increased its holdings 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 buying an additional 600 shares during the period. Canada Pension Plan Investment Board acquired a new position in SolarEdge Technologies in the second quarter worth about $35,000. Banque Cantonale Vaudoise bought a new position in SolarEdge Technologies during the first quarter worth about $35,000. Tower Research Capital LLC TRC boosted its holdings in 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. Finally, Public Employees Retirement System of Ohio grew its stake in shares of SolarEdge Technologies by 21.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,868 shares of the semiconductor company's stock valued at $59,000 after purchasing an additional 508 shares during the period. Institutional investors and hedge funds own 95.10% of the company's stock.

SolarEdge Technologies Company Profile

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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