Citigroup Cuts SolarEdge Technologies (NASDAQ:SEDG) Price Target to $27.00

SolarEdge Technologies (NASDAQ:SEDGGet Free Report) had its target price reduced by Citigroup from $30.00 to $27.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “sell” rating on the semiconductor company’s stock. Citigroup’s price objective would indicate a potential downside of 30.07% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. lifted their price target on shares of SolarEdge Technologies from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating on the stock in a research note on Thursday. Raymond James Financial started coverage on shares of SolarEdge Technologies in a research note on Tuesday, January 13th. They issued a “market perform” rating on the stock. Wells Fargo & Company lifted their price target on shares of SolarEdge Technologies from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. Finally, Bank of America raised shares of SolarEdge Technologies from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $17.00 to $40.00 in a research note on Tuesday, March 10th. One analyst has rated the stock with a Buy rating, sixteen have given a Hold rating and seven have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $30.16.

View Our Latest Report on SolarEdge Technologies

SolarEdge Technologies Price Performance

SolarEdge Technologies stock traded down $2.00 during trading on Thursday, reaching $38.61. The company had a trading volume of 4,534,433 shares, compared to its average volume of 3,507,745. The firm’s 50-day simple moving average is $42.88 and its 200 day simple moving average is $37.21. SolarEdge Technologies has a 1-year low of $13.73 and a 1-year high of $53.75. The firm has a market capitalization of $2.35 billion, a PE ratio of -5.61 and a beta of 1.18. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.48 and a current ratio of 2.17.

SolarEdge Technologies (NASDAQ:SEDGGet Free Report) last released its quarterly earnings results on Thursday, February 26th. The semiconductor company reported ($0.14) earnings per share (EPS) for the quarter. SolarEdge Technologies had a negative net margin of 34.23% and a negative return on equity of 45.54%. The company had revenue of $333.80 million during the quarter. As a group, equities research analysts anticipate that SolarEdge Technologies will post -0.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SolarEdge Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Sector Pension Investment Board increased its stake in shares of SolarEdge Technologies by 15.0% during the third quarter. Public Sector Pension Investment Board now owns 231,604 shares of the semiconductor company’s stock worth $8,569,000 after buying an additional 30,264 shares during the period. Convergence Investment Partners LLC purchased a new stake in shares of SolarEdge Technologies during the third quarter worth approximately $3,033,000. SG Americas Securities LLC increased its stake in shares of SolarEdge Technologies by 59.7% during the third quarter. SG Americas Securities LLC now owns 103,033 shares of the semiconductor company’s stock worth $3,812,000 after buying an additional 38,511 shares during the period. Aquatic Capital Management LLC increased its stake in shares of SolarEdge Technologies by 1,282.8% during the third quarter. Aquatic Capital Management LLC now owns 125,473 shares of the semiconductor company’s stock worth $4,643,000 after buying an additional 116,399 shares during the period. Finally, UBS Group AG increased its stake in shares of SolarEdge Technologies by 18.5% during the fourth quarter. UBS Group AG now owns 4,210,429 shares of the semiconductor company’s stock worth $121,471,000 after buying an additional 655,925 shares during the period. Institutional investors and hedge funds own 95.10% of the company’s stock.

Key Headlines Impacting SolarEdge Technologies

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

SolarEdge Technologies Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for SolarEdge Technologies (NASDAQ:SEDG)

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