SolarEdge Technologies (NASDAQ:SEDG - Free Report) had its target price upped by UBS Group from $20.00 to $30.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a neutral rating on the semiconductor company's stock.
Several other research firms have also recently issued reports on SEDG. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $23.00 price objective (up from $18.00) on shares of SolarEdge Technologies in a research report on Tuesday, July 15th. 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. Glj Research cut SolarEdge Technologies from a "hold" rating to a "strong sell" rating and set a $6.90 price objective for the company. in a research report on Tuesday, June 17th. Mizuho upped their price objective on SolarEdge Technologies from $18.00 to $29.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Finally, Wall Street Zen raised SolarEdge Technologies from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Eighteen analysts have rated the stock with a Hold rating and ten have given a Sell rating to the stock. According to data from MarketBeat.com, SolarEdge Technologies has an average rating of "Reduce" and an average price target of $18.12.
Read Our Latest Analysis on SEDG
SolarEdge Technologies Stock Down 5.8%
SEDG traded down $1.85 on Tuesday, hitting $30.21. 4,033,118 shares of the company were exchanged, compared to its average volume of 4,707,910. SolarEdge Technologies has a twelve month low of $10.24 and a twelve month high of $33.30. The company has a market cap of $1.79 billion, a price-to-earnings ratio of -1.01 and a beta of 1.56. The company has a current ratio of 1.94, a quick ratio of 1.42 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average price of $25.02 and a two-hundred day moving average price of $19.11.
SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last released its earnings results 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 return on equity of 191.53% and a negative net margin of 177.64%.The firm 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) EPS. SolarEdge Technologies's revenue for the quarter was up 9.0% on a year-over-year basis. SolarEdge Technologies has set its Q3 2025 guidance at EPS. On average, equities analysts predict that SolarEdge Technologies will post -4.54 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in SolarEdge Technologies by 4.4% in the first quarter. Vanguard Group Inc. now owns 3,028,018 shares of the semiconductor company's stock valued at $48,993,000 after purchasing an additional 126,246 shares during the period. Ion Asset Management Ltd. raised its stake in SolarEdge Technologies by 135.9% during the 1st quarter. Ion Asset Management Ltd. now owns 2,082,497 shares of the semiconductor company's stock valued at $33,695,000 after acquiring an additional 1,199,801 shares during the last quarter. Menora Mivtachim Holdings LTD. raised its stake in SolarEdge Technologies by 213.4% during the 2nd quarter. Menora Mivtachim Holdings LTD. now owns 1,490,637 shares of the semiconductor company's stock valued at $30,409,000 after acquiring an additional 1,015,017 shares during the last quarter. Legal & General Group Plc raised its stake in SolarEdge Technologies by 9.6% during the 2nd quarter. Legal & General Group Plc now owns 1,424,788 shares of the semiconductor company's stock valued at $29,066,000 after acquiring an additional 124,591 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in SolarEdge Technologies during the 4th quarter valued at approximately $17,909,000. 95.10% of the stock is currently owned by institutional investors and hedge funds.
SolarEdge Technologies Company Profile
(
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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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