Susquehanna Issues Positive Forecast for SolarEdge Technologies (NASDAQ:SEDG) Stock Price

Key Points

• Susquehanna raised its price target for SolarEdge Technologies from $25 to $40, indicating a 6.26% upside potential from the current stock price.
• The stock traded up by 7.4%, reaching $37.64, with institutional investors showing increased interest in SolarEdge Technologies, including a 612.9% boost in holdings by Assenagon Asset Management.
• Despite a challenging fiscal environment, SolarEdge Technologies reported revenue of $289.43 million for the last quarter, up 9% from the previous year, with an EPS of ($0.81).

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) had its price target hoisted by equities researchers at Susquehanna from $25.00 to $40.00 in a report issued on Monday,Benzinga reports. The firm presently has a "neutral" rating on the semiconductor company's stock. Susquehanna's target price points to a potential upside of 6.26% from the stock's current price.

Several other research analysts have also recently issued reports on the stock. The Goldman Sachs Group upped their target price on shares of SolarEdge Technologies from $27.00 to $31.00 and gave the company a "neutral" rating in a report on Thursday, September 11th. Barclays increased their price target on shares of SolarEdge Technologies from $29.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Thursday. BNP Paribas Exane cut shares of SolarEdge Technologies from a "neutral" rating to an "underperform" rating and set a $17.00 price target for the company. in a research note on Wednesday, July 16th. Mizuho increased their price target on shares of SolarEdge Technologies from $18.00 to $29.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of SolarEdge Technologies in a research note on Wednesday, October 8th. Eighteen equities research analysts have rated the stock with a Hold rating and eleven have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, SolarEdge Technologies currently has an average rating of "Reduce" and a consensus target price of $19.76.

SolarEdge Technologies Trading Up 7.4%

NASDAQ:SEDG traded up $2.58 on Monday, hitting $37.64. The stock had a trading volume of 498,887 shares, compared to its average volume of 4,699,450. The company has a fifty day moving average price of $32.57 and a two-hundred day moving average price of $23.76. 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 has a 1-year low of $10.24 and a 1-year high of $41.92. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of -1.26 and a beta of 1.58.

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

Institutional Investors Weigh In On SolarEdge Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of SEDG. Assenagon Asset Management S.A. boosted its position 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 worth $53,600,000 after acquiring an additional 1,245,445 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of SolarEdge Technologies by 5.1% in the third quarter. GAMMA Investing LLC now owns 6,207 shares of the semiconductor company's stock worth $230,000 after acquiring an additional 302 shares during the last quarter. Marex Group plc acquired a new stake in shares of SolarEdge Technologies in the second quarter worth approximately $518,000. Element Pointe Advisors LLC acquired a new stake in shares of SolarEdge Technologies in the second quarter worth approximately $339,000. Finally, Public Sector Pension Investment Board lifted its position in SolarEdge Technologies by 9.6% during the second quarter. Public Sector Pension Investment Board now owns 201,340 shares of the semiconductor company's stock valued at $4,107,000 after buying an additional 17,564 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.

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