The Goldman Sachs Group Increases SolarEdge Technologies (NASDAQ:SEDG) Price Target to $31.00

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 - Get Free Report) had its price objective raised by analysts at The Goldman Sachs Group from $27.00 to $31.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the semiconductor company's stock. The Goldman Sachs Group's target price indicates a potential upside of 2.91% from the stock's current price.

Several other brokerages have also recently issued reports on SEDG. Oppenheimer reaffirmed a "market perform" rating on shares of SolarEdge Technologies in a research note on Monday, August 11th. Wall Street Zen raised shares of SolarEdge Technologies from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Northland Capmk raised shares of SolarEdge Technologies from a "strong sell" rating to a "hold" rating in a research note on Friday, May 23rd. Wells Fargo & Company lifted their target price on shares of SolarEdge Technologies from $15.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Friday, August 8th. Finally, Guggenheim upped their price target on shares of SolarEdge Technologies from $5.00 to $7.00 and gave the company a "sell" rating in a research report on Monday, August 25th. Seventeen investment analysts have rated the stock with a Hold rating and ten have issued a Sell rating to the company. According to data from MarketBeat, SolarEdge Technologies has an average rating of "Reduce" and an average price target of $18.37.

SolarEdge Technologies Stock Up 2.4%

Shares of SolarEdge Technologies stock traded up $0.70 during trading on Thursday, reaching $30.12. The company had a trading volume of 2,212,672 shares, compared to its average volume of 4,812,701. The company has a market cap of $1.79 billion, a price-to-earnings ratio of -1.01 and a beta of 1.50. SolarEdge Technologies has a fifty-two week low of $10.24 and a fifty-two week high of $35.77. The firm's fifty day moving average is $28.73 and its 200-day moving average is $20.77. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.42 and a current ratio of 1.94.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The semiconductor company reported ($0.81) earnings per share 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 quarter in the prior year, the business earned ($1.79) earnings per share. SolarEdge Technologies's quarterly revenue was up 9.0% on a year-over-year basis. SolarEdge Technologies has set its Q3 2025 guidance at EPS. On average, analysts anticipate that SolarEdge Technologies will post -4.54 EPS for the current year.

Institutional Trading of SolarEdge Technologies

Institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in SolarEdge Technologies by 2,680.8% during the first quarter. GAMMA Investing LLC now owns 146,380 shares of the semiconductor company's stock worth $2,368,000 after acquiring an additional 141,116 shares during the period. Teza Capital Management LLC increased its position in SolarEdge Technologies by 59.1% during the fourth quarter. Teza Capital Management LLC now owns 50,052 shares of the semiconductor company's stock worth $681,000 after acquiring an additional 18,602 shares during the period. Sphera Management Technology Funds Ltd bought a new position in SolarEdge Technologies during the fourth quarter worth $816,000. SIR Capital Management L.P. bought a new position in SolarEdge Technologies during the fourth quarter worth $2,569,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in SolarEdge Technologies by 10,038.2% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,109,225 shares of the semiconductor company's stock worth $17,945,000 after acquiring an additional 1,098,284 shares during the period. 95.10% of the stock is currently owned by institutional investors and hedge funds.

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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