SolarEdge Technologies (NASDAQ:SEDG) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Key Points

• JPMorgan Chase & Co. raised its price target for SolarEdge Technologies from $27.00 to $29.00, while maintaining a "neutral" rating, indicating a potential downside of 27.30% from the stock's previous close.
• Other firms, including Barclays and Wells Fargo, have also revised their price targets, with Barclays setting a target of $36.00 and Wells Fargo raising it to $24.00, both with "equal weight" ratings.
• SolarEdge's stock is down 1.6%, with a current trading price of $39.89 and a market cap of $2.37 billion, amidst a consensus rating of "Reduce" from analysts.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) had its price objective increased by equities research analysts at JPMorgan Chase & Co. from $27.00 to $29.00 in a report issued on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the semiconductor company's stock. JPMorgan Chase & Co.'s target price indicates a potential downside of 27.30% from the stock's previous close.

A number of other research firms have also recently weighed in on SEDG. Barclays upped their price objective on shares of SolarEdge Technologies from $29.00 to $36.00 and gave the company an "equal weight" rating in a research report on Thursday, October 9th. Wells Fargo & Company upped their target price on shares of SolarEdge Technologies from $15.00 to $24.00 and gave the company an "equal weight" rating in a research note on Friday, August 8th. Weiss Ratings restated a "sell (d-)" rating on shares of SolarEdge Technologies in a research note on Wednesday, October 8th. Guggenheim upped their target price on shares of SolarEdge Technologies from $5.00 to $7.00 and gave the company a "sell" rating in a research note on Monday, August 25th. Finally, Roth Capital upped their target price on shares of SolarEdge Technologies from $15.00 to $25.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Eighteen investment analysts have rated the stock with a Hold rating and eleven have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, SolarEdge Technologies presently has a consensus rating of "Reduce" and a consensus price target of $19.84.

SolarEdge Technologies Stock Down 1.6%

NASDAQ:SEDG traded down $0.64 on Thursday, reaching $39.89. The stock had a trading volume of 840,896 shares, compared to its average volume of 4,682,065. The company has a current ratio of 1.94, a quick ratio of 1.42 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average of $33.31 and a 200 day moving average of $24.11. The stock has a market cap of $2.37 billion, a P/E ratio of -1.32 and a beta of 1.58. SolarEdge Technologies has a 12-month low of $10.24 and a 12-month high of $41.92.

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

Institutional Investors Weigh In On SolarEdge Technologies

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of SolarEdge Technologies by 4.4% in the first quarter. Vanguard Group Inc. now owns 3,028,018 shares of the semiconductor company's stock valued at $48,993,000 after acquiring an additional 126,246 shares in the last quarter. Ion Asset Management Ltd. boosted its holdings 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 acquiring an additional 1,199,801 shares in the last quarter. Menora Mivtachim Holdings LTD. boosted its holdings 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 valued at $30,409,000 after acquiring an additional 1,015,017 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings 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 acquiring an additional 1,245,445 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of SolarEdge Technologies by 9.6% in the second quarter. Legal & General Group Plc now owns 1,424,788 shares of the semiconductor company's stock valued at $29,066,000 after acquiring an additional 124,591 shares in the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.