The Goldman Sachs Group Forecasts Strong Price Appreciation for SolarEdge Technologies (NASDAQ:SEDG) Stock

Key Points

• Goldman Sachs Group raised the price target for SolarEdge Technologies (NASDAQ:SEDG) from $27.00 to $31.00, suggesting a potential upside of 2.91% from the current trading price.
• SolarEdge's shares increased by 2.4% during Thursday's trading, reaching $30.12, with a market cap of $1.79 billion.
• The company reported a quarterly revenue of $289.43 million, surpassing analyst estimates of $270.03 million, despite its earnings per share remaining at -$0.81.

SolarEdge Technologies (NASDAQ:SEDG - Free Report) had its price target boosted by The Goldman Sachs Group from $27.00 to $31.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a neutral rating on the semiconductor company's stock.

Several other research analysts have also recently issued reports on the company. Roth Capital upped their price objective on SolarEdge Technologies from $15.00 to $25.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. UBS Group upped their price objective on SolarEdge Technologies from $20.00 to $30.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 19th. BNP Paribas raised SolarEdge Technologies to a "strong sell" rating in a research report on Wednesday, July 16th. KeyCorp raised SolarEdge Technologies from an "underweight" rating to a "sector weight" rating in a research report on Tuesday, July 8th. Finally, Jefferies Financial Group upped their price objective on SolarEdge Technologies from $10.00 to $18.00 and gave the stock an "underperform" rating in a research report on Monday, July 14th. Seventeen research analysts have rated the stock with a Hold rating and ten have given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and an average target price of $18.37.

SolarEdge Technologies Trading Up 8.2%

Shares of NASDAQ SEDG traded up $2.52 during trading on Thursday, reaching $33.11. The stock had a trading volume of 4,648,167 shares, compared to its average volume of 4,802,588. SolarEdge Technologies has a fifty-two week low of $10.24 and a fifty-two week high of $35.77. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.42 and a current ratio of 1.94. The business's 50-day moving average price is $28.88 and its 200-day moving average price is $21.05. The company has a market cap of $1.97 billion, a P/E ratio of -1.11 and a beta of 1.49.

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

Institutional Investors Weigh In On SolarEdge Technologies

A number of large investors have recently bought and sold shares of the stock. Marex Group plc acquired a new stake in SolarEdge Technologies during the 2nd quarter valued at $518,000. Element Pointe Advisors LLC purchased a new position in shares of SolarEdge Technologies during the 2nd quarter worth $339,000. Public Sector Pension Investment Board lifted its stake 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 period. Tower Research Capital LLC TRC lifted its stake 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 period. Finally, State of Tennessee Department of Treasury lifted its stake 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 period. 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.