SolarEdge Technologies (NASDAQ:SEDG) Price Target Cut to $75.00 by Analysts at TD Cowen

SolarEdge Technologies (NASDAQ:SEDG) had its target price cut by TD Cowen from $85.00 to $75.00 in a research note released on Monday, MarketBeat Ratings reports. They currently have a buy rating on the semiconductor company’s stock.

SEDG has been the topic of several other research reports. Barclays lifted their price target on shares of SolarEdge Technologies from $41.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Friday, July 10th. Citigroup decreased their target price on SolarEdge Technologies from $30.00 to $27.00 and set a “sell” rating on the stock in a report on Thursday, May 7th. Weiss Ratings raised SolarEdge Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 24th. Royal Bank Of Canada dropped their price target on SolarEdge Technologies from $32.00 to $30.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 7th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and set a $31.00 price objective (down from $36.00) on shares of SolarEdge Technologies in a research note on Wednesday, April 15th. One research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $38.06.

SolarEdge Technologies Price Performance

Shares of NASDAQ SEDG opened at $48.61 on Monday. SolarEdge Technologies has a twelve month low of $23.01 and a twelve month high of $81.25. The company has a current ratio of 2.02, a quick ratio of 1.36 and a debt-to-equity ratio of 0.85. The firm has a 50-day moving average of $58.33 and a two-hundred day moving average of $45.80. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of -7.93 and a beta of 1.45.

SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.20). SolarEdge Technologies had a negative return on equity of 38.66% and a negative net margin of 28.56%.The business had revenue of $309.90 million during the quarter, compared to analyst estimates of $305.49 million. During the same period in the prior year, the firm earned ($1.14) EPS. The business’s revenue for the quarter was up 41.5% on a year-over-year basis. As a group, analysts expect that SolarEdge Technologies will post -1.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Chairman More Avery sold 2,566 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $38.76, for a total transaction of $99,458.16. Following the transaction, the chairman directly owned 295,379 shares of the company’s stock, valued at approximately $11,448,890.04. The trade was a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.04% of the company’s stock.

Hedge Funds Weigh In On SolarEdge Technologies

A number of large investors have recently made changes to their positions in the business. State of Wyoming acquired a new stake in shares of SolarEdge Technologies during the fourth quarter worth approximately $27,000. Rakuten Securities Inc. lifted its position in SolarEdge Technologies by 82.1% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the semiconductor company’s stock worth $28,000 after buying an additional 432 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of SolarEdge Technologies during the 4th quarter valued at $31,000. Canada Pension Plan Investment Board purchased a new position in shares of SolarEdge Technologies during the 2nd quarter valued at $35,000. Finally, Altshuler Shaham Ltd acquired a new position in shares of SolarEdge Technologies in the fourth quarter worth $36,000. Institutional investors and hedge funds own 95.10% of the company’s stock.

About SolarEdge Technologies

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.