SolarEdge Technologies (NASDAQ:SEDG) Stock Price Up 5.3% - Still a Buy?

Key Points

• SolarEdge Technologies' stock price increased by 5.3% during mid-day trading on Tuesday, reaching $32.22 despite a significant decline in trading volume compared to its average.
• Analysts have mixed views on the stock, with 17 rating it as a "Hold" and others setting varied price targets, including Goldman Sachs raising it to $31.00 while BNP Paribas set it at $17.00.
• The company's recent earnings report showed a revenue increase of 9.0% year-over-year but a negative net margin of 177.64%, indicating ongoing profitability challenges.

Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG - Get Free Report) rose 5.3% during mid-day trading on Tuesday . The stock traded as high as $31.98 and last traded at $32.22. Approximately 994,642 shares changed hands during trading, a decline of 79% from the average daily volume of 4,779,347 shares. The stock had previously closed at $30.59.

Analysts Set New Price Targets

SEDG has been the topic of several research reports. Wall Street Zen raised shares of SolarEdge Technologies from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. TD Cowen lifted their price target on shares of SolarEdge Technologies from $18.00 to $20.00 and gave the stock a "hold" rating in a report on Friday, August 8th. The Goldman Sachs Group lifted their price target on shares of SolarEdge Technologies from $27.00 to $31.00 and gave the stock a "neutral" rating in a report on Thursday, September 11th. BNP Paribas Exane lowered shares of SolarEdge Technologies from a "neutral" rating to an "underperform" rating and set a $17.00 price target on the stock. in a report on Wednesday, July 16th. Finally, Northland Securities raised shares of SolarEdge Technologies from an "under perform" rating to a "market perform" rating and set a $15.50 price target on the stock in a report on Friday, May 23rd. Seventeen investment analysts have rated the stock with a Hold rating and ten have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Reduce" and an average price target of $18.37.

SolarEdge Technologies Stock Up 6.3%

The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of -1.08 and a beta of 1.49. The business's 50-day moving average is $28.88 and its 200-day moving average is $21.05. The company has a quick ratio of 1.42, a current ratio of 1.94 and a debt-to-equity ratio of 0.72.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last posted its earnings results on Thursday, August 7th. The semiconductor company reported ($0.81) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.81). The company had revenue of $289.43 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.79) earnings per share. SolarEdge Technologies has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that SolarEdge Technologies, Inc. will post -4.54 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Marex Group plc acquired a new position in shares of SolarEdge Technologies in the second quarter worth about $518,000. Element Pointe Advisors LLC acquired a new position in shares of SolarEdge Technologies during the 2nd quarter worth about $339,000. Public Sector Pension Investment Board raised its position in shares of SolarEdge Technologies by 9.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 201,340 shares of the semiconductor company's stock worth $4,107,000 after purchasing an additional 17,564 shares during the last quarter. Tower Research Capital LLC TRC raised 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. Finally, State of Tennessee Department of Treasury raised its position in shares of SolarEdge Technologies by 82.4% during the 2nd quarter. State of Tennessee Department of Treasury now owns 25,317 shares of the semiconductor company's stock worth $516,000 after purchasing an additional 11,436 shares during 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.

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