SolarEdge Technologies (NASDAQ:SEDG) Hits New 12-Month High on Analyst Upgrade

SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s share price reached a new 52-week high on Friday after JPMorgan Chase & Co. raised their price target on the stock from $23.00 to $27.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. SolarEdge Technologies traded as high as $36.58 and last traded at $35.34, with a volume of 1333035 shares trading hands. The stock had previously closed at $34.71.

SEDG has been the subject of several other reports. BNP Paribas Exane downgraded shares of SolarEdge Technologies from a “neutral” rating to an “underperform” rating and set a $17.00 price objective for the company. in a report on Wednesday, July 16th. Northland Capmk upgraded shares of SolarEdge Technologies from a “strong sell” rating to a “hold” rating in a research note on Friday, May 23rd. Guggenheim increased their target price on shares of SolarEdge Technologies from $5.00 to $7.00 and gave the stock a “sell” rating in a research note on Monday, August 25th. The Goldman Sachs Group increased their target price on shares of SolarEdge Technologies from $27.00 to $31.00 and gave the stock a “neutral” rating in a research note on Thursday, September 11th. Finally, Wells Fargo & Company increased their target price on shares of SolarEdge Technologies from $15.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Friday, August 8th. Seventeen equities research analysts have rated the stock with a Hold rating and ten have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $18.54.

Institutional Investors Weigh In On SolarEdge Technologies

A number of large investors have recently added to or reduced their stakes in SEDG. Northern Trust Corp grew its holdings in SolarEdge Technologies by 3.2% in the 4th quarter. Northern Trust Corp now owns 244,903 shares of the semiconductor company’s stock worth $3,331,000 after acquiring an additional 7,487 shares during the last quarter. Deutsche Bank AG grew its holdings in SolarEdge Technologies by 3.8% in the 4th quarter. Deutsche Bank AG now owns 147,968 shares of the semiconductor company’s stock worth $2,012,000 after acquiring an additional 5,363 shares during the last quarter. ProShare Advisors LLC bought a new stake in SolarEdge Technologies in the 4th quarter worth $159,000. Tidal Investments LLC grew its holdings in SolarEdge Technologies by 28.9% in the 4th quarter. Tidal Investments LLC now owns 82,304 shares of the semiconductor company’s stock worth $1,119,000 after acquiring an additional 18,442 shares during the last quarter. Finally, Two Sigma Investments LP grew its holdings in SolarEdge Technologies by 1.3% in the 4th quarter. Two Sigma Investments LP now owns 1,254,397 shares of the semiconductor company’s stock worth $17,060,000 after acquiring an additional 16,258 shares during the last quarter. Institutional investors own 95.10% of the company’s stock.

SolarEdge Technologies Stock Performance

The business’s fifty day simple moving average is $29.50 and its 200-day simple moving average is $21.51. The firm has a market cap of $2.11 billion, a P/E ratio of -1.18 and a beta of 1.50. The company has a current ratio of 1.94, a quick ratio of 1.42 and a debt-to-equity ratio of 0.72.

SolarEdge Technologies (NASDAQ:SEDG) last announced its earnings results on Thursday, August 7th. The semiconductor company reported ($0.81) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.81). The firm had revenue of $289.43 million for the quarter, compared to analyst estimates of $270.03 million. SolarEdge Technologies had a negative net margin of 177.64% and a negative return on equity of 191.53%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.79) EPS. SolarEdge Technologies has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that SolarEdge Technologies, Inc. will post -4.54 earnings per share for the current year.

About SolarEdge Technologies

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.