SolarEdge Technologies, Inc. (NASDAQ:SEDG) Receives Average Recommendation of “Reduce” from Brokerages

Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) have received an average rating of “Reduce” from the twenty-four ratings firms that are currently covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $27.0905.

Several equities analysts recently weighed in on the stock. Morgan Stanley increased their price target on shares of SolarEdge Technologies from $33.00 to $40.00 and gave the company an “equal weight” rating in a research report on Thursday, February 19th. Barclays lifted their price objective on shares of SolarEdge Technologies from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Jefferies Financial Group reiterated an “underperform” rating on shares of SolarEdge Technologies in a research note on Wednesday, January 21st. The Goldman Sachs Group increased their target price on shares of SolarEdge Technologies from $32.00 to $36.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. Finally, Citigroup decreased their price target on shares of SolarEdge Technologies from $30.00 to $29.00 and set a “sell” rating for the company in a research note on Thursday, December 18th.

SolarEdge Technologies Stock Performance

Shares of SolarEdge Technologies stock opened at $33.37 on Monday. The business’s fifty day simple moving average is $34.52 and its 200 day simple moving average is $34.62. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.82. SolarEdge Technologies has a 12 month low of $11.00 and a 12 month high of $48.60. The firm has a market capitalization of $2.01 billion, a P/E ratio of -4.85 and a beta of 1.62.

SolarEdge Technologies (NASDAQ:SEDG) last announced 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. The firm had revenue of $333.80 million during the quarter, compared to the consensus estimate of $330.33 million. SolarEdge Technologies had a negative return on equity of 45.54% and a negative net margin of 34.23%.The business’s revenue for the quarter was up 70.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($3.52) EPS. As a group, analysts anticipate that SolarEdge Technologies will post -4.54 EPS for the current year.

Institutional Trading of SolarEdge Technologies

Hedge funds have recently made changes to their positions in the company. Accent Capital Management LLC purchased a new position in shares of SolarEdge Technologies during the 3rd quarter valued at $25,000. Hantz Financial Services Inc. increased its holdings in SolarEdge Technologies by 352.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 733 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 571 shares during the last quarter. Whittier Trust Co. bought a new stake in SolarEdge Technologies in the 3rd quarter valued at about $27,000. Saranac Partners Ltd purchased a new stake in SolarEdge Technologies during the third quarter valued at about $28,000. Finally, State of Wyoming purchased a new stake in SolarEdge Technologies during the fourth quarter valued at about $27,000. 95.10% of the stock is currently owned by 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.