Analysts Set SolarEdge Technologies, Inc. (NASDAQ:SEDG) PT at $36.94

Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) have received a consensus recommendation of “Reduce” from the twenty ratings firms that are currently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $38.6875.

A number of research firms recently commented on SEDG. Royal Bank Of Canada dropped their target price on shares of SolarEdge Technologies from $32.00 to $30.00 and set a “sector perform” rating on the stock in a report on Thursday, May 7th. Susquehanna raised their target price on shares of SolarEdge Technologies from $43.00 to $56.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Wells Fargo & Company initiated coverage on shares of SolarEdge Technologies in a research report on Monday, June 29th. They issued an “equal weight” rating and a $36.00 price target on the stock. UBS Group upped their price target on SolarEdge Technologies from $36.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating for the company in a research note on Thursday, May 7th.

SolarEdge Technologies Trading Up 2.2%

Shares of SEDG stock opened at $53.47 on Friday. The stock has a 50-day simple moving average of $58.20 and a 200 day simple moving average of $45.55. The stock has a market capitalization of $3.25 billion, a P/E ratio of -8.72 and a beta of 1.45. SolarEdge Technologies has a fifty-two week low of $23.01 and a fifty-two week high of $81.25. The company has a quick ratio of 1.36, a current ratio of 2.02 and a debt-to-equity ratio of 0.85.

SolarEdge Technologies (NASDAQ:SEDG) last issued its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.20). SolarEdge Technologies had a negative net margin of 28.56% and a negative return on equity of 38.66%. The business had revenue of $309.90 million during the quarter, compared to analyst estimates of $305.49 million. During the same period in the previous year, the company posted ($1.14) earnings per share. SolarEdge Technologies’s revenue was up 41.5% compared to the same quarter last year. On average, sell-side analysts expect that SolarEdge Technologies will post -1.1 earnings per share for the current fiscal year.

Insider Activity at SolarEdge Technologies

In other news, Chairman More Avery sold 2,566 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $38.76, for a total transaction of $99,458.16. Following the completion of the sale, the chairman directly owned 295,379 shares of the company’s stock, valued at $11,448,890.04. This represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.04% of the stock is currently owned by corporate insiders.

Institutional Trading of SolarEdge Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. UBS Group AG raised its stake in SolarEdge Technologies by 234.8% during the 3rd quarter. UBS Group AG now owns 3,554,504 shares of the semiconductor company’s stock valued at $131,517,000 after purchasing an additional 2,492,776 shares during the period. Electron Capital Partners LLC boosted its position in shares of SolarEdge Technologies by 107.8% in the third quarter. Electron Capital Partners LLC now owns 1,732,566 shares of the semiconductor company’s stock worth $64,105,000 after buying an additional 898,802 shares during the period. Meitav Investment House Ltd. boosted its position in shares of SolarEdge Technologies by 541.6% in the first quarter. Meitav Investment House Ltd. now owns 1,017,551 shares of the semiconductor company’s stock worth $51,946,000 after buying an additional 858,954 shares during the period. ION Fund Management Ltd purchased a new position in shares of SolarEdge Technologies during the fourth quarter valued at $22,965,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of SolarEdge Technologies during the third quarter valued at $21,595,000. Institutional investors and hedge funds own 95.10% of the company’s stock.

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.