UBS Group Increases SolarEdge Technologies (NASDAQ:SEDG) Price Target to $30.00

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SolarEdge Technologies (NASDAQ:SEDG - Free Report) had its price objective raised by UBS Group from $20.00 to $30.00 in a research report released on Tuesday,Benzinga reports. The firm currently has a neutral rating on the semiconductor company's stock.

Several other equities analysts have also weighed in on SEDG. Oppenheimer restated a "market perform" rating on shares of SolarEdge Technologies in a report on Monday, August 11th. Barclays upgraded shares of SolarEdge Technologies from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $12.00 to $29.00 in a report on Monday, July 14th. Wells Fargo & Company increased their target price on shares of SolarEdge Technologies from $15.00 to $24.00 and gave the stock an "equal weight" rating in a report on Friday, August 8th. Canaccord Genuity Group increased their target price on shares of SolarEdge Technologies from $14.00 to $16.50 and gave the stock a "hold" rating in a report on Wednesday, May 7th. Finally, Morgan Stanley reiterated an "underweight" rating and issued a $10.00 target price on shares of SolarEdge Technologies in a report on Wednesday, April 23rd. Eighteen equities research analysts have rated the stock with a Hold rating and ten have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus target price of $18.12.

SolarEdge Technologies Trading Up 13.5%

NASDAQ SEDG traded up $4.09 during trading hours on Tuesday, hitting $34.30. The company's stock had a trading volume of 4,978,618 shares, compared to its average volume of 4,748,732. The stock has a fifty day moving average of $25.24 and a 200 day moving average of $19.28. SolarEdge Technologies has a twelve month low of $10.24 and a twelve month high of $34.36. The firm has a market capitalization of $2.04 billion, a P/E ratio of -1.14 and a beta of 1.56. 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 (NASDAQ:SEDG - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The semiconductor company reported ($0.81) earnings per share for the quarter, meeting 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 business 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) earnings per share. SolarEdge Technologies's revenue was up 9.0% compared to the same quarter last year. SolarEdge Technologies has set its Q3 2025 guidance at EPS. Equities research analysts forecast that SolarEdge Technologies will post -4.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SolarEdge Technologies

Several large investors have recently made changes to their positions in SEDG. Geode Capital Management LLC increased its position in shares of SolarEdge Technologies by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 728,259 shares of the semiconductor company's stock worth $9,909,000 after acquiring an additional 20,215 shares in the last quarter. XTX Topco Ltd bought a new position in SolarEdge Technologies in the fourth quarter valued at $350,000. First Trust Advisors LP grew its position in SolarEdge Technologies by 17.0% in the fourth quarter. First Trust Advisors LP now owns 462,000 shares of the semiconductor company's stock valued at $6,283,000 after purchasing an additional 67,296 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in SolarEdge Technologies in the fourth quarter valued at $467,000. Finally, Natixis grew its position in SolarEdge Technologies by 72.2% in the fourth quarter. Natixis now owns 68,126 shares of the semiconductor company's stock valued at $927,000 after purchasing an additional 28,563 shares in the last quarter. Institutional investors own 95.10% of the company's stock.

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.