SolarEdge Technologies (SEDG) to Release Earnings on Tuesday

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

SolarEdge Technologies Price Performance

SEDG stock traded up $0.56 during trading on Friday, hitting $13.10. 2,690,202 shares of the company's stock traded hands, compared to its average volume of 4,273,669. The business has a fifty day simple moving average of $14.76 and a 200 day simple moving average of $14.69. SolarEdge Technologies has a 52 week low of $10.24 and a 52 week high of $61.70. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.46 and a current ratio of 1.95. The stock has a market capitalization of $773.46 million, a price-to-earnings ratio of -0.42 and a beta of 1.50.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SEDG shares. Susquehanna reduced their price objective on SolarEdge Technologies from $17.00 to $12.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. UBS Group increased their price target on SolarEdge Technologies from $18.00 to $22.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. Morgan Stanley reaffirmed an "underweight" rating and set a $10.00 price objective on shares of SolarEdge Technologies in a research note on Wednesday, April 23rd. Truist Financial cut their price target on shares of SolarEdge Technologies from $15.00 to $14.00 and set a "hold" rating on the stock in a report on Thursday, January 16th. Finally, The Goldman Sachs Group increased their price target on SolarEdge Technologies from $21.00 to $31.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Ten research analysts have rated the stock with a sell rating, fifteen have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $16.82.

Insiders Place Their Bets

In other SolarEdge Technologies news, Chairman More Avery acquired 30,000 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was acquired at an average cost of $13.70 per share, for a total transaction of $411,000.00. Following the purchase, the chairman now owns 274,478 shares in the company, valued at approximately $3,760,348.60. The trade was a 12.27 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.67% 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.