SolarEdge Technologies (NASDAQ:SEDG) Earns “Sell” Rating from The Goldman Sachs Group

SolarEdge Technologies (NASDAQ:SEDGGet Free Report)‘s stock had its “sell” rating reiterated by research analysts at The Goldman Sachs Group in a research report issued on Wednesday, MarketBeat.com reports. They presently have a $31.00 price target on the semiconductor company’s stock, down from their previous price target of $36.00. The Goldman Sachs Group’s target price suggests a potential downside of 20.33% from the company’s previous close.

Several other brokerages also recently commented on SEDG. Bank of America upgraded shares of SolarEdge Technologies from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $17.00 to $40.00 in a research report on Tuesday, March 10th. Citigroup dropped their price objective 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. UBS Group dropped their price target on shares of SolarEdge Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, March 2nd. Barclays boosted their price objective on shares of SolarEdge Technologies from $39.00 to $41.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Finally, Wells Fargo & Company boosted their price target on shares of SolarEdge Technologies from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. One analyst has rated the stock with a Buy rating, seventeen have assigned a Hold rating and seven have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $29.86.

Read Our Latest Analysis on SolarEdge Technologies

SolarEdge Technologies Stock Up 2.9%

SEDG opened at $38.91 on Wednesday. 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 1-year low of $11.45 and a 1-year high of $53.75. The company has a market capitalization of $2.37 billion, a PE ratio of -5.66 and a beta of 1.35. The firm’s 50 day simple moving average is $41.27 and its two-hundred day simple moving average is $36.75.

SolarEdge Technologies (NASDAQ:SEDGGet Free Report) last released its quarterly earnings results on Thursday, February 26th. The semiconductor company reported ($0.14) earnings per share for the quarter. SolarEdge Technologies had a negative return on equity of 45.54% and a negative net margin of 34.23%.The business had revenue of $333.80 million during the quarter. As a group, equities analysts forecast that SolarEdge Technologies will post -4.54 EPS for the current year.

Institutional Trading of SolarEdge Technologies

Large investors have recently made changes to their positions in the business. Accent Capital Management LLC purchased a new stake in shares of SolarEdge Technologies in the 3rd quarter valued at $25,000. Hantz Financial Services Inc. boosted its holdings in shares of SolarEdge Technologies by 352.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 733 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 571 shares during the last quarter. Whittier Trust Co. purchased a new stake in shares of SolarEdge Technologies in the 3rd quarter valued at $27,000. Saranac Partners Ltd purchased a new stake in shares of SolarEdge Technologies in the 3rd quarter valued at $28,000. Finally, State of Wyoming purchased a new stake in shares of SolarEdge Technologies in the 4th quarter valued at $27,000. 95.10% of the stock is owned by hedge funds and other institutional investors.

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SolarEdge Technologies Company Profile

(Get Free Report)

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.

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