Royal Bank Of Canada Issues Pessimistic Forecast for SolarEdge Technologies (NASDAQ:SEDG) Stock Price

SolarEdge Technologies (NASDAQ:SEDGGet Free Report) had its price objective dropped by Royal Bank Of Canada from $32.00 to $30.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “sector perform” rating on the semiconductor company’s stock. Royal Bank Of Canada’s target price points to a potential downside of 27.36% from the stock’s previous close.

A number of other research analysts have also recently commented on the company. The Goldman Sachs Group restated a “sell” rating and set a $31.00 price target (down from $36.00) on shares of SolarEdge Technologies in a research note on Wednesday, April 15th. Citigroup upped their price target on SolarEdge Technologies from $29.00 to $30.00 and gave the stock a “sell” rating in a research note on Tuesday, April 21st. Raymond James Financial initiated coverage on SolarEdge Technologies in a research note on Tuesday, January 13th. They set a “market perform” rating on the stock. Barclays upped their price target on SolarEdge Technologies from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Finally, Morgan Stanley upped their price target on SolarEdge Technologies from $33.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 19th. One research analyst has rated the stock with a Buy rating, sixteen have issued a Hold rating and seven have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $30.40.

Read Our Latest Analysis on SEDG

SolarEdge Technologies Trading Up 7.0%

SEDG opened at $41.30 on Thursday. SolarEdge Technologies has a one year low of $13.73 and a one year high of $53.75. The stock has a market capitalization of $2.51 billion, a PE ratio of -6.74 and a beta of 1.18. The business’s 50 day moving average price is $42.79 and its 200 day moving average price is $37.22. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.48 and a current ratio of 2.02.

SolarEdge Technologies (NASDAQ:SEDGGet Free Report) last released its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.20). SolarEdge Technologies had a negative net margin of 28.56% and a negative return on equity of 38.66%. The business had revenue of $309.90 million during the quarter, compared to analyst estimates of $305.49 million. During the same quarter in the prior year, the company posted ($1.14) earnings per share. The company’s revenue was up 41.5% on a year-over-year basis. As a group, equities research analysts expect that SolarEdge Technologies will post -0.94 EPS for the current year.

Institutional Trading of SolarEdge Technologies

A number of large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of SolarEdge Technologies by 303.2% during the first quarter. Dimensional Fund Advisors LP now owns 314,066 shares of the semiconductor company’s stock worth $16,031,000 after acquiring an additional 236,176 shares during the period. Swiss National Bank increased its position in shares of SolarEdge Technologies by 0.9% during the first quarter. Swiss National Bank now owns 118,200 shares of the semiconductor company’s stock worth $6,034,000 after acquiring an additional 1,100 shares during the period. Principal Financial Group Inc. increased its position in shares of SolarEdge Technologies by 2.0% during the first quarter. Principal Financial Group Inc. now owns 288,096 shares of the semiconductor company’s stock worth $14,707,000 after acquiring an additional 5,664 shares during the period. Y.D. More Investments Ltd increased its position in shares of SolarEdge Technologies by 39.6% during the first quarter. Y.D. More Investments Ltd now owns 503,110 shares of the semiconductor company’s stock worth $25,684,000 after acquiring an additional 142,650 shares during the period. Finally, Fifth Third Bancorp increased its position in shares of SolarEdge Technologies by 1,517.3% during the first quarter. Fifth Third Bancorp now owns 13,779 shares of the semiconductor company’s stock worth $703,000 after acquiring an additional 12,927 shares during the period. Hedge funds and other institutional investors own 95.10% of the company’s stock.

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About SolarEdge Technologies

(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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