SolarEdge Technologies, Inc. (NASDAQ:SEDG) Given Consensus Recommendation of “Reduce” by Brokerages

SolarEdge Technologies, Inc. (NASDAQ:SEDG) has been assigned a consensus rating of “Reduce” from the twenty-three research firms that are presently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $31.1450.

Several brokerages have recently weighed in on SEDG. UBS Group upped their target price on shares of SolarEdge Technologies from $36.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. upped their target price 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. Barclays increased their price target on SolarEdge Technologies from $39.00 to $41.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. Wells Fargo & Company increased their price target on SolarEdge Technologies from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. Finally, The Goldman Sachs Group reissued a “sell” rating and issued a $31.00 price target (down from $36.00) on shares of SolarEdge Technologies in a report on Wednesday, April 15th.

Insider Buying and Selling

In related news, Chairman More Avery sold 2,566 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $38.76, for a total value of $99,458.16. Following the completion of the transaction, the chairman owned 295,379 shares of the company’s stock, valued at approximately $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 accessible through this link. Corporate insiders own 0.71% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Accent Capital Management LLC bought a new position in SolarEdge Technologies during the 3rd quarter valued at $25,000. Hantz Financial Services Inc. boosted its stake in SolarEdge Technologies by 352.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 733 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 571 shares during the last quarter. Whittier Trust Co. bought a new position in SolarEdge Technologies during the 3rd quarter valued at $27,000. Saranac Partners Ltd bought a new position in SolarEdge Technologies during the 3rd quarter valued at $28,000. Finally, State of Wyoming bought a new position in SolarEdge Technologies during the 4th quarter valued at $27,000. 95.10% of the stock is currently owned by institutional investors.

SolarEdge Technologies Price Performance

Shares of NASDAQ SEDG opened at $73.23 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.02 and a quick ratio of 1.36. SolarEdge Technologies has a 1-year low of $13.73 and a 1-year high of $75.73. The business has a 50-day moving average of $47.78 and a 200-day moving average of $39.01. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of -11.95 and a beta of 1.18.

SolarEdge Technologies (NASDAQ:SEDG) last issued its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.20). The firm had revenue of $309.90 million during the quarter, compared to analyst estimates of $305.49 million. SolarEdge Technologies had a negative net margin of 28.56% and a negative return on equity of 38.66%. The firm’s revenue was up 41.5% compared to the same quarter last year. During the same period last year, the business earned ($1.14) EPS. On average, equities analysts anticipate that SolarEdge Technologies will post -1.12 EPS for the current fiscal year.

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.