UBS Group Lowers SolarEdge Technologies (NASDAQ:SEDG) Price Target to $36.00

SolarEdge Technologies (NASDAQ:SEDG) had its price target lowered by analysts at UBS Group from $40.00 to $36.00 in a research report issued on Monday,MarketScreener reports. The firm currently has a “neutral” rating on the semiconductor company’s stock. UBS Group’s price target points to a potential downside of 4.79% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Royal Bank Of Canada cut their target price on SolarEdge Technologies from $34.00 to $32.00 and set a “sector perform” rating for the company in a research note on Thursday, February 19th. Morgan Stanley upped their price objective on SolarEdge Technologies from $33.00 to $40.00 and gave the company an “equal weight” rating in a research note on Thursday, February 19th. The Goldman Sachs Group upped their price target on SolarEdge Technologies from $32.00 to $36.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. Citigroup dropped their price target on shares of SolarEdge Technologies from $30.00 to $29.00 and set a “sell” rating on the stock in a research report on Thursday, December 18th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of SolarEdge Technologies in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, sixteen have issued a Hold rating and seven have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $27.09.

SolarEdge Technologies Stock Performance

Shares of SEDG opened at $37.81 on Monday. The firm has a market cap of $2.28 billion, a P/E ratio of -5.50 and a beta of 1.62. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.48 and a current ratio of 2.17. SolarEdge Technologies has a twelve month low of $11.00 and a twelve month high of $48.60. The firm’s 50 day moving average price is $34.22 and its two-hundred day moving average price is $34.54.

SolarEdge Technologies (NASDAQ:SEDG) last posted its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.05. SolarEdge Technologies had a negative net margin of 34.23% and a negative return on equity of 45.54%. The company had revenue of $333.80 million for the quarter, compared to the consensus estimate of $330.33 million. During the same period last year, the company earned ($3.52) earnings per share. The firm’s revenue was up 70.9% compared to the same quarter last year. On average, analysts forecast that SolarEdge Technologies will post -4.54 EPS for the current fiscal year.

Institutional Trading of SolarEdge Technologies

A number of large investors have recently bought and sold shares of the company. UBS Group AG grew its stake in SolarEdge Technologies by 234.8% in the 3rd quarter. UBS Group AG now owns 3,554,504 shares of the semiconductor company’s stock valued at $131,517,000 after buying an additional 2,492,776 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of 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 purchasing an additional 1,245,445 shares in the last quarter. Menora Mivtachim Holdings LTD. grew its position in shares of SolarEdge Technologies by 213.4% in the second quarter. Menora Mivtachim Holdings LTD. now owns 1,490,637 shares of the semiconductor company’s stock valued at $30,409,000 after purchasing an additional 1,015,017 shares in the last quarter. Electron Capital Partners LLC boosted its stake in SolarEdge Technologies by 107.8% in the 3rd quarter. Electron Capital Partners LLC now owns 1,732,566 shares of the semiconductor company’s stock worth $64,105,000 after purchasing an additional 898,802 shares during the period. Finally, ION Fund Management Ltd purchased a new position in SolarEdge Technologies during the 4th quarter valued at about $22,965,000. 95.10% of the stock is owned by hedge funds and other institutional investors.

SolarEdge Technologies Company Profile

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.