SolarEdge Technologies (NASDAQ:SEDG) Upgraded at UBS Group

UBS Group upgraded shares of SolarEdge Technologies (NASDAQ:SEDG) from a neutral rating to a buy rating in a report published on Wednesday morning, Marketbeat.com reports. The brokerage currently has $42.00 price target on the semiconductor company’s stock, up from their previous price target of $36.00.

Other research analysts also recently issued research reports about the stock. Royal Bank Of Canada dropped their price objective on shares of SolarEdge Technologies from $30.00 to $24.00 and set a “sector perform” rating for the company in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating on the stock in a research report on Thursday, May 7th. Weiss Ratings upgraded shares of SolarEdge Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 21st. TD Cowen dropped their price target on shares of SolarEdge Technologies from $85.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Finally, The Goldman Sachs Group dropped their price target on shares of SolarEdge Technologies from $34.00 to $30.00 and set a “sell” rating for the company in a research report on Thursday, August 6th. Two analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $38.36.

SolarEdge Technologies Price Performance

Shares of NASDAQ:SEDG opened at $31.41 on Wednesday. The company has a market cap of $1.93 billion, a P/E ratio of -6.98 and a beta of 1.49. The company has a quick ratio of 1.38, a current ratio of 2.03 and a debt-to-equity ratio of 0.85. SolarEdge Technologies has a 52 week low of $28.21 and a 52 week high of $81.25. The business has a fifty day simple moving average of $43.70 and a 200-day simple moving average of $46.44.

SolarEdge Technologies (NASDAQ:SEDG) last released its earnings results on Wednesday, August 5th. The semiconductor company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.07. SolarEdge Technologies had a negative return on equity of 29.17% and a negative net margin of 20.29%.The firm had revenue of $346.20 million for the quarter, compared to the consensus estimate of $341.15 million. During the same period in the prior year, the business posted ($0.81) earnings per share. The firm’s revenue for the quarter was up 19.6% compared to the same quarter last year. Equities research analysts forecast that SolarEdge Technologies will post -1.23 EPS for the current year.

Hedge Funds Weigh In On SolarEdge Technologies

Large investors have recently modified their holdings of the company. State of Wyoming acquired a new position in shares of SolarEdge Technologies in the 4th quarter valued at about $27,000. Allworth Financial LP acquired a new stake in SolarEdge Technologies during the 2nd quarter worth approximately $31,000. Kestra Advisory Services LLC acquired a new stake in SolarEdge Technologies during the 4th quarter worth approximately $31,000. Canada Pension Plan Investment Board purchased a new position in SolarEdge Technologies in the second quarter valued at approximately $35,000. Finally, Nykredit A S purchased a new position in SolarEdge Technologies in the second quarter valued at approximately $36,000. 95.10% of the stock is currently 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.