Citigroup Cuts SolarEdge Technologies (NASDAQ:SEDG) Price Target to $29.00

SolarEdge Technologies (NASDAQ:SEDG) had its target price trimmed by Citigroup from $30.00 to $29.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has a sell rating on the semiconductor company’s stock.

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. lifted their price target on shares of SolarEdge Technologies from $27.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Guggenheim lifted their target price on shares of SolarEdge Technologies from $5.00 to $7.00 and gave the stock a “sell” rating in a research report on Monday, August 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of SolarEdge Technologies in a research note on Monday, December 15th. Wells Fargo & Company increased their price target on SolarEdge Technologies from $24.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, November 7th. Finally, UBS Group lifted their price objective on SolarEdge Technologies from $30.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, November 14th. Nineteen research analysts have rated the stock with a Hold rating and nine have assigned a Sell rating to the company’s stock. According to data from MarketBeat, SolarEdge Technologies has a consensus rating of “Reduce” and a consensus price target of $24.45.

SolarEdge Technologies Price Performance

NASDAQ SEDG opened at $29.06 on Thursday. SolarEdge Technologies has a one year low of $11.00 and a one year high of $48.60. The stock has a 50-day moving average of $35.25 and a 200 day moving average of $30.72. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.60 and a current ratio of 2.28. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of -3.01 and a beta of 1.67.

Hedge Funds Weigh In On SolarEdge Technologies

Several institutional investors and hedge funds have recently bought and sold shares of SEDG. UBS Group AG increased its position in SolarEdge Technologies by 234.8% in the third quarter. UBS Group AG now owns 3,554,504 shares of the semiconductor company’s stock worth $131,517,000 after buying an additional 2,492,776 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of SolarEdge Technologies by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 3,028,018 shares of the semiconductor company’s stock valued at $48,993,000 after buying an additional 126,246 shares in the last quarter. Menora Mivtachim Holdings LTD. lifted its position in shares of SolarEdge Technologies by 41.1% during the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 2,103,521 shares of the semiconductor company’s stock valued at $77,830,000 after buying an additional 612,884 shares in the last quarter. Ion Asset Management Ltd. grew its stake in shares of 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 period. Finally, Electron Capital Partners LLC increased its holdings in SolarEdge Technologies by 107.8% in the 3rd quarter. Electron Capital Partners LLC now owns 1,732,566 shares of the semiconductor company’s stock worth $64,105,000 after acquiring an additional 898,802 shares in the last quarter. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

More SolarEdge Technologies News

Here are the key news stories impacting SolarEdge Technologies this week:

• Positive Sentiment: Morgan Stanley upgraded SEDG to an equal-weight/hold, which helped trigger buying interest by signaling that near-term downside is limited. Morgan Stanley upgrade
• Positive Sentiment: Analysts and media highlighted rising U.S. solar demand as a tailwind for SolarEdge’s product mix (inverters and storage), supporting expectations for revenue recovery and boosting investor appetite. Article on U.S. solar demand
• Positive Sentiment: Market reaction: shares gapped up following the Morgan Stanley move and related coverage, indicating short-term buying momentum. Shares gap up article
• Neutral Sentiment: Goldman Sachs cut its price target from $36 to $31 and assigned a neutral rating; the lowered target trims upside but the neutral stance is not a full sell signal. Goldman Sachs PT cut
• Negative Sentiment: Wells Fargo reduced its price target sharply from $42 to $33 and moved to an equal-weight rating — a material trim that signals weaker expectations and likely pressured sentiment. Wells Fargo PT cut
• Negative Sentiment: Citigroup lowered its target from $30 to $29 and kept a sell rating, a strongly negative signal that likely contributed to near-term downside pressure. Citigroup PT cut

About SolarEdge Technologies

SolarEdge Technologies (NASDAQ: SEDG) is a global provider of solar energy solutions focused on optimizing photovoltaic (PV) power generation. The company’s core offerings include power optimizers, inverters and cloud-based monitoring platforms designed to maximize energy output and improve safety across residential, commercial and utility-scale installations. By coupling module-level electronics with centralized inverters, SolarEdge’s technology enables real-time performance monitoring and rapid fault detection to enhance system reliability.

In recent years, SolarEdge has expanded its product portfolio beyond solar PV to include energy storage systems, electric vehicle (EV) charging solutions and smart energy management tools.