SolarEdge Technologies (NASDAQ:SEDG) Price Target Lowered to $36.00 at UBS Group

SolarEdge Technologies (NASDAQ:SEDG) had its target price reduced by UBS Group from $40.00 to $36.00 in a research note published on Monday morning,MarketScreener reports. They currently have a neutral rating on the semiconductor company’s stock.

SEDG has been the subject of several other research reports. Jefferies Financial Group reaffirmed an “underperform” rating on shares of SolarEdge Technologies in a report on Wednesday, January 21st. BMO Capital Markets boosted their price objective on SolarEdge Technologies from $19.00 to $25.00 and gave the company an “underperform” rating in a research report on Thursday, November 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of SolarEdge Technologies in a research report on Monday, December 29th. The Goldman Sachs Group lifted their target price on SolarEdge Technologies from $32.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. Finally, Barclays boosted their price target on SolarEdge Technologies from $36.00 to $39.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. One investment analyst has rated the stock with a Buy rating, sixteen have issued a Hold rating and seven have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $27.09.

SolarEdge Technologies Stock Performance

SolarEdge Technologies stock traded down $2.83 during midday trading on Monday, hitting $37.77. The stock had a trading volume of 631,236 shares, compared to its average volume of 3,227,027. SolarEdge Technologies has a 52-week low of $11.00 and a 52-week high of $48.60. The company has a market capitalization of $2.28 billion, a PE ratio of -5.51 and a beta of 1.62. The firm’s fifty day moving average is $34.08 and its two-hundred day moving average is $34.48. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.82.

SolarEdge Technologies (NASDAQ:SEDG) last posted its quarterly earnings results on Wednesday, February 18th. The semiconductor company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.05. The business had revenue of $333.80 million during the quarter, compared to analyst estimates of $330.33 million. SolarEdge Technologies had a negative net margin of 34.23% and a negative return on equity of 45.54%. The company’s revenue was up 70.9% on a year-over-year basis. During the same period in the prior year, the business posted ($3.52) earnings per share. On average, research analysts forecast that SolarEdge Technologies will post -4.54 EPS for the current year.

Institutional Trading of SolarEdge Technologies

Hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its position in shares of SolarEdge Technologies by 8.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 997,962 shares of the semiconductor company’s stock valued at $16,147,000 after acquiring an additional 79,461 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in SolarEdge Technologies by 276.5% during the second quarter. Nisa Investment Advisors LLC now owns 4,100 shares of the semiconductor company’s stock valued at $84,000 after purchasing an additional 3,011 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in SolarEdge Technologies during the second quarter valued at $846,000. Spire Wealth Management grew its stake in shares of SolarEdge Technologies by 706.3% in the 2nd quarter. Spire Wealth Management now owns 3,185 shares of the semiconductor company’s stock worth $65,000 after buying an additional 2,790 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in shares of SolarEdge Technologies by 10.2% in the 2nd quarter. Bank of Montreal Can now owns 26,637 shares of the semiconductor company’s stock worth $543,000 after buying an additional 2,468 shares in the last quarter. 95.10% of the stock is owned by hedge funds and other institutional investors.

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.