SolarEdge Technologies (NASDAQ:SEDG) Price Target Raised to $36.00

SolarEdge Technologies (NASDAQ:SEDG) had its target price increased by Barclays from $29.00 to $36.00 in a report published on Thursday morning,Benzinga reports. Barclays currently has an equal weight rating on the semiconductor company’s stock.

A number of other analysts have also commented on the company. Oppenheimer reissued a “market perform” rating on shares of SolarEdge Technologies in a research note on Monday, August 11th. UBS Group lifted their price objective on SolarEdge Technologies from $20.00 to $30.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 19th. Guggenheim lifted their price objective on SolarEdge Technologies from $5.00 to $7.00 and gave the stock a “sell” rating in a research note on Monday, August 25th. KeyCorp raised SolarEdge Technologies from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, July 8th. Finally, Roth Capital lifted their price objective on SolarEdge Technologies from $15.00 to $25.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Eighteen investment analysts have rated the stock with a Hold rating and eleven have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $19.20.

SolarEdge Technologies Stock Performance

Shares of SEDG stock opened at $35.06 on Thursday. The business’s 50-day moving average price is $32.57 and its 200-day moving average price is $23.71. SolarEdge Technologies has a 12 month low of $10.24 and a 12 month high of $41.92. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of -1.17 and a beta of 1.58. 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 quarterly earnings results on Thursday, August 7th. The semiconductor company reported ($0.81) EPS for the quarter, meeting analysts’ consensus estimates of ($0.81). SolarEdge Technologies had a negative return on equity of 191.53% and a negative net margin of 177.64%.The firm had revenue of $289.43 million for the quarter, compared to analyst estimates of $270.03 million. During the same period last year, the firm posted ($1.79) earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. SolarEdge Technologies has set its Q3 2025 guidance at EPS. Equities research analysts forecast that SolarEdge Technologies will post -4.54 EPS for the current year.

Hedge Funds Weigh In On SolarEdge Technologies

Several institutional investors have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. lifted its stake in SolarEdge Technologies by 612.9% in the third quarter. Assenagon Asset Management S.A. now owns 1,448,643 shares of the semiconductor company’s stock valued at $53,600,000 after buying an additional 1,245,445 shares during the period. GAMMA Investing LLC increased its holdings 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 valued at $230,000 after acquiring an additional 302 shares in the last quarter. Marex Group plc bought a new stake in shares of SolarEdge Technologies during the second quarter valued at approximately $518,000. Element Pointe Advisors LLC bought a new stake in shares of SolarEdge Technologies during the second quarter valued at approximately $339,000. Finally, Public Sector Pension Investment Board increased its holdings 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 valued at $4,107,000 after acquiring an additional 17,564 shares in the last quarter. 95.10% of the stock is owned by institutional investors and hedge funds.

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.