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

SolarEdge Technologies, Inc. (NASDAQ:SEDG) has been assigned a consensus recommendation of “Reduce” from the seventeen ratings firms that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $38.3571.

Several analysts have weighed in on the company. UBS Group raised SolarEdge Technologies from a “neutral” rating to a “buy” rating and upped their target price for the company from $36.00 to $42.00 in a report on Wednesday, August 26th. TD Cowen decreased their price objective on shares of SolarEdge Technologies from $85.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Royal Bank Of Canada dropped their target price on shares of SolarEdge Technologies from $30.00 to $24.00 and set a “sector perform” rating for the company in a report on Thursday, August 6th. Citigroup cut their target price on shares of SolarEdge Technologies from $30.00 to $27.00 and set a “sell” rating for the company in a research report on Thursday, May 7th. Finally, Weiss Ratings raised shares of SolarEdge Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 21st.

SolarEdge Technologies Price Performance

Shares of NASDAQ SEDG opened at $31.41 on Monday. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of -6.98 and a beta of 1.49. SolarEdge Technologies has a 52 week low of $28.21 and a 52 week high of $81.25. The firm has a 50-day moving average price of $43.70 and a 200 day moving average price of $46.50. 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 (NASDAQ:SEDG) last issued 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. The company had revenue of $346.20 million for the quarter, compared to analyst estimates of $341.15 million. SolarEdge Technologies had a negative net margin of 20.29% and a negative return on equity of 29.17%. The firm’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.81) earnings per share. Equities research analysts anticipate that SolarEdge Technologies will post -1.23 EPS for the current fiscal year.

Institutional Investors Weigh In On SolarEdge Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. State of Wyoming purchased a new position in SolarEdge Technologies during the fourth quarter worth $27,000. Allworth Financial LP purchased a new stake in shares of SolarEdge Technologies in the second quarter valued at $31,000. Kestra Advisory Services LLC purchased a new stake in shares of SolarEdge Technologies in the fourth quarter valued at $31,000. Canada Pension Plan Investment Board acquired a new stake in shares of SolarEdge Technologies during the second quarter valued at $35,000. Finally, Nykredit A S acquired a new stake in shares of SolarEdge Technologies during the second quarter valued at $36,000. Hedge funds and other institutional investors 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.