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

SolarEdge Technologies, Inc. (NASDAQ:SEDG) has earned a consensus recommendation of “Reduce” from the twenty-three ratings firms that are covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $35.6667.

Several research analysts have issued reports on the stock. TD Cowen increased their target price on shares of SolarEdge Technologies from $43.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Royal Bank Of Canada reduced their price target on shares of SolarEdge Technologies from $32.00 to $30.00 and set a “sector perform” rating for the company in a report on Thursday, May 7th. Citigroup lowered their price target on shares of SolarEdge Technologies from $30.00 to $27.00 and set a “sell” rating for the company in a research report on Thursday, May 7th. JPMorgan Chase & Co. increased their price objective 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. Finally, Barclays lifted their price objective on shares of SolarEdge Technologies from $39.00 to $41.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th.

Insider Transactions at SolarEdge Technologies

In other news, Chairman More Avery sold 2,566 shares of SolarEdge Technologies stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $38.76, for a total value of $99,458.16. Following the transaction, the chairman directly owned 295,379 shares in the company, valued at approximately $11,448,890.04. This trade represents a 0.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.04% of the company’s stock.

Institutional Investors Weigh In On SolarEdge Technologies

A number of hedge funds have recently made changes to their positions in the stock. Accent Capital Management LLC purchased a new position in SolarEdge Technologies in the third quarter valued at about $25,000. Saranac Partners Ltd bought a new stake in shares of SolarEdge Technologies in the 3rd quarter valued at about $28,000. State of Wyoming purchased a new position in shares of SolarEdge Technologies in the 4th quarter worth approximately $27,000. Rakuten Securities Inc. grew its position in shares of SolarEdge Technologies by 82.1% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the semiconductor company’s stock worth $28,000 after buying an additional 432 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of SolarEdge Technologies during the 4th quarter worth approximately $31,000. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

SolarEdge Technologies Price Performance

Shares of NASDAQ:SEDG opened at $58.05 on Wednesday. The business’s 50 day moving average is $53.48 and its 200 day moving average is $42.34. The stock has a market cap of $3.53 billion, a P/E ratio of -9.47 and a beta of 1.42. SolarEdge Technologies has a 52-week low of $15.75 and a 52-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 earnings results on Wednesday, May 6th. The semiconductor company reported ($0.43) earnings per share 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 analysts’ expectations of $305.49 million. SolarEdge Technologies had a negative return on equity of 38.66% and a negative net margin of 28.56%.SolarEdge Technologies’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($1.14) earnings per share. Sell-side analysts predict that SolarEdge Technologies will post -1.12 EPS for the current 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.