Weiss Ratings Reaffirms Sell (D-) Rating for SolarEdge Technologies (NASDAQ:SEDG)

Key Points

• Weiss Ratings has reaffirmed a "sell (D-)" rating for SolarEdge Technologies (NASDAQ:SEDG), indicating ongoing concerns about the company's performance.
• Despite Weiss's negative outlook, other analysts have raised their ratings and target prices for the stock, with an average target price of $18.92.
• Recent quarterly results revealed a revenue increase of 9.0% year-over-year, although the company reported a net loss with an EPS of ($0.81).

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report)'s stock had its "sell (d-)" rating reiterated by research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Several other research analysts have also commented on SEDG. Wall Street Zen raised shares of SolarEdge Technologies from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Susquehanna boosted their target price on shares of SolarEdge Technologies from $14.00 to $26.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Barclays raised shares of SolarEdge Technologies from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $12.00 to $29.00 in a research note on Monday, July 14th. KeyCorp raised shares of SolarEdge Technologies from an "underweight" rating to a "sector weight" rating in a research note on Tuesday, July 8th. Finally, Jefferies Financial Group boosted their target price on shares of SolarEdge Technologies from $10.00 to $18.00 and gave the company an "underperform" rating in a research note on Monday, July 14th. Eighteen analysts have rated the stock with a Hold rating and eleven have given a Sell rating to the company's stock. Based on data from MarketBeat.com, SolarEdge Technologies has an average rating of "Reduce" and an average target price of $18.92.

SolarEdge Technologies Trading Up 0.3%

NASDAQ SEDG opened at $35.66 on Wednesday. SolarEdge Technologies has a one year low of $10.24 and a one year high of $40.50. The company has a 50-day simple moving average of $32.12 and a 200-day simple moving average of $23.38. 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 firm has a market capitalization of $2.12 billion, a PE ratio of -1.19 and a beta of 1.58.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The semiconductor company reported ($0.81) EPS 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 during the quarter, compared to analyst estimates of $270.03 million. During the same period in the previous year, the business posted ($1.79) EPS. The company'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, equities analysts forecast that SolarEdge Technologies will post -4.54 earnings per share for the current year.

Institutional Trading of SolarEdge Technologies

A number of institutional investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. lifted its stake in shares of SolarEdge Technologies by 612.9% in the 3rd 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 period. GAMMA Investing LLC lifted its stake in shares of SolarEdge Technologies by 5.1% in the 3rd 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 period. Marex Group plc acquired a new stake in SolarEdge Technologies during the second quarter valued at approximately $518,000. Element Pointe Advisors LLC acquired a new stake in SolarEdge Technologies during the second quarter valued at approximately $339,000. Finally, Public Sector Pension Investment Board lifted its stake 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 purchasing an additional 17,564 shares during the last quarter. 95.10% of the stock is owned by institutional investors and hedge funds.

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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