SolarEdge Technologies (SEDG) Expected to Announce Quarterly Earnings on Tuesday

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) is projected to announce its Q1 2025 earnings results before the market opens on Tuesday, May 6th. Analysts expect the company to announce earnings of ($1.26) per share and revenue of $205.39 million for the quarter.

SolarEdge Technologies Trading Down 0.4 %

NASDAQ SEDG traded down $0.05 on Tuesday, hitting $12.64. 775,271 shares of the company were exchanged, compared to its average volume of 4,234,187. SolarEdge Technologies has a twelve month low of $10.24 and a twelve month high of $64.04. The company's 50 day moving average price is $15.20 and its 200-day moving average price is $14.83. The firm has a market capitalization of $746.42 million, a P/E ratio of -0.41 and a beta of 1.63. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.95 and a quick ratio of 1.46.

Insider Buying and Selling at SolarEdge Technologies

In other news, Chairman More Avery bought 30,000 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were bought at an average price of $13.70 per share, with a total value of $411,000.00. Following the completion of the transaction, the chairman now owns 274,478 shares of the company's stock, valued at $3,760,348.60. This trade represents a 12.27 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.67% of the company's stock.

Analyst Upgrades and Downgrades

SEDG has been the subject of a number of research analyst reports. Canaccord Genuity Group increased their target price on SolarEdge Technologies from $18.00 to $19.00 and gave the company a "hold" rating in a report on Thursday, February 20th. Guggenheim restated a "sell" rating and set a $5.00 price target on shares of SolarEdge Technologies in a report on Wednesday, April 23rd. UBS Group lifted their price objective on SolarEdge Technologies from $18.00 to $22.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. Royal Bank of Canada upped their target price on SolarEdge Technologies from $14.00 to $15.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 20th. Finally, Citigroup restated a "sell" rating and set a $9.00 price target (down previously from $12.00) on shares of SolarEdge Technologies in a report on Wednesday, January 8th. Ten equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $16.82.

About SolarEdge Technologies

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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