SolarEdge Technologies (NASDAQ:SEDG) Stock Price Up 7.1% Following Analyst Upgrade

SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s stock price rose 7.1% during trading on Thursday after Barclays raised their price target on the stock from $29.00 to $36.00. Barclays currently has an equal weight rating on the stock. SolarEdge Technologies traded as high as $37.75 and last traded at $38.18. Approximately 360,379 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 4,685,807 shares. The stock had previously closed at $35.66.

A number of other brokerages also recently issued reports on SEDG. Roth Capital upped their price target on SolarEdge Technologies from $15.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. JPMorgan Chase & Co. upped their price target on SolarEdge Technologies from $23.00 to $27.00 and gave the stock a “neutral” rating in a research report on Friday, September 19th. BNP Paribas Exane downgraded SolarEdge Technologies from a “neutral” rating to an “underperform” rating and set a $17.00 price target on the stock. in a research report on Wednesday, July 16th. Guggenheim boosted their price objective on shares of SolarEdge Technologies from $5.00 to $7.00 and gave the company a “sell” rating in a report on Monday, August 25th. Finally, KeyCorp raised shares of SolarEdge Technologies from an “underweight” rating to a “sector weight” rating in a report on Tuesday, July 8th. Eighteen analysts have rated the stock with a Hold rating and eleven have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, SolarEdge Technologies presently has a consensus rating of “Reduce” and an average price target of $19.20.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SEDG. Assenagon Asset Management S.A. increased its stake in shares of SolarEdge Technologies by 612.9% during the third quarter. Assenagon Asset Management S.A. now owns 1,448,643 shares of the semiconductor company’s stock worth $53,600,000 after acquiring an additional 1,245,445 shares during the period. GAMMA Investing LLC increased its stake in shares of SolarEdge Technologies by 5.1% during the third quarter. GAMMA Investing LLC now owns 6,207 shares of the semiconductor company’s stock worth $230,000 after acquiring an additional 302 shares during the period. Marex Group plc acquired a new position in shares of SolarEdge Technologies during the second quarter worth about $518,000. Element Pointe Advisors LLC acquired a new position in shares of SolarEdge Technologies during the second quarter worth about $339,000. Finally, Public Sector Pension Investment Board increased its stake in shares of SolarEdge Technologies by 9.6% during the second quarter. Public Sector Pension Investment Board now owns 201,340 shares of the semiconductor company’s stock worth $4,107,000 after acquiring an additional 17,564 shares during the period. 95.10% of the stock is currently owned by institutional investors and hedge funds.

SolarEdge Technologies Trading Up 8.3%

The stock has a market cap of $2.29 billion, a PE ratio of -1.29 and a beta of 1.58. The business’s fifty day moving average is $32.38 and its 200 day moving average is $23.53. The company has a quick ratio of 1.42, a current ratio of 1.94 and a debt-to-equity ratio of 0.72.

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

SolarEdge Technologies Company Profile

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.