SolarEdge Technologies (NASDAQ:SEDG) Trading 17.8% Higher - What's Next?

Key Points

• SolarEdge Technologies experienced a significant stock price increase of 17.8%, rising to $30.24 on Friday after closing at $25.67.
• Analysts have mixed ratings for SolarEdge, with a consensus rating of "Hold" and a target price averaging $17.70, following changes by several major firms.
• The company's recent earnings report indicated a revenue increase of 9% year-over-year, despite reporting a loss of ($0.81) EPS for the quarter.

SolarEdge Technologies, Inc. (NASDAQ:SEDG - Get Free Report)'s stock price traded up 17.8% during trading on Friday . The stock traded as high as $28.75 and last traded at $30.24. 2,690,658 shares traded hands during trading, a decline of 44% from the average session volume of 4,798,398 shares. The stock had previously closed at $25.67.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wells Fargo & Company boosted their target price on SolarEdge Technologies from $15.00 to $24.00 and gave the stock an "equal weight" rating in a report on Friday, August 8th. Roth Capital boosted their target price on SolarEdge Technologies from $15.00 to $25.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. UBS Group boosted their target price on SolarEdge Technologies from $20.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday. Northland Capmk raised SolarEdge Technologies from a "strong sell" rating to a "hold" rating in a report on Friday, May 23rd. Finally, Guggenheim reissued a "sell" rating and set a $5.00 target price on shares of SolarEdge Technologies in a report on Wednesday, April 23rd. Eighteen investment analysts have rated the stock with a Hold rating and ten have given a Sell rating to the stock. Based on data from MarketBeat.com, SolarEdge Technologies presently has a consensus rating of "Reduce" and a consensus price target of $18.12.

SolarEdge Technologies Price Performance

The company has a market cap of $1.90 billion, a P/E ratio of -1.07 and a beta of 1.56. The company has a fifty day simple moving average of $24.84 and a 200-day simple moving average of $18.99. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.94 and a quick ratio of 1.42.

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

Hedge Funds Weigh In On SolarEdge Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Edmond DE Rothschild Holding S.A. grew its position in SolarEdge Technologies by 60.0% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 1,600 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 600 shares in the last quarter. Fifth Third Bancorp grew its position in SolarEdge Technologies by 93.7% during the 1st quarter. Fifth Third Bancorp now owns 1,633 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 790 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in SolarEdge Technologies during the 2nd quarter worth approximately $35,000. Banque Cantonale Vaudoise purchased a new position in SolarEdge Technologies during the 1st quarter worth approximately $35,000. Finally, Tower Research Capital LLC TRC grew its position in 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 in the last quarter. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

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.