SolarEdge Technologies (NASDAQ:SEDG) Hits New 12-Month High on Analyst Upgrade

SolarEdge Technologies, Inc. (NASDAQ:SEDG) shares hit a new 52-week high during trading on Monday after Wells Fargo & Company raised their price target on the stock from $24.00 to $42.00. Wells Fargo & Company currently has an equal weight rating on the stock. SolarEdge Technologies traded as high as $43.24 and last traded at $43.2450, with a volume of 919739 shares traded. The stock had previously closed at $40.00.

Other equities analysts have also issued research reports about the stock. Citigroup boosted their price target on shares of SolarEdge Technologies from $9.00 to $30.00 and gave the company a “sell” rating in a report on Tuesday, October 21st. BMO Capital Markets lifted their target price on SolarEdge Technologies from $19.00 to $25.00 and gave the stock an “underperform” rating in a report on Thursday. JPMorgan Chase & Co. increased their price target on SolarEdge Technologies from $27.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Barclays boosted their price objective on SolarEdge Technologies from $29.00 to $36.00 and gave the company an “equal weight” rating in a research report on Thursday, October 9th. Finally, The Goldman Sachs Group raised their target price on shares of SolarEdge Technologies from $27.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. Eighteen research analysts have rated the stock with a Hold rating and ten have issued a Sell rating to the stock. According to MarketBeat.com, SolarEdge Technologies presently has an average rating of “Reduce” and an average target price of $24.20.

Institutional Trading of SolarEdge Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. U.S. Capital Wealth Advisors LLC bought a new position in shares of SolarEdge Technologies during the 2nd quarter worth approximately $204,000. Bayforest Capital Ltd lifted its holdings in SolarEdge Technologies by 49.8% during the 2nd quarter. Bayforest Capital Ltd now owns 85,461 shares of the semiconductor company’s stock valued at $1,743,000 after purchasing an additional 28,425 shares during the last quarter. Phoenix Financial Ltd. bought a new position in SolarEdge Technologies during the second quarter worth $216,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of SolarEdge Technologies by 10,038.2% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,109,225 shares of the semiconductor company’s stock valued at $17,945,000 after purchasing an additional 1,098,284 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of SolarEdge Technologies in the first quarter valued at about $1,092,000. Institutional investors and hedge funds own 95.10% of the company’s stock.

SolarEdge Technologies Price Performance

The company has a market capitalization of $2.63 billion, a P/E ratio of -1.45 and a beta of 1.63. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.94 and a quick ratio of 1.42. The company’s 50-day moving average price is $35.98 and its two-hundred day moving average price is $27.20.

SolarEdge Technologies (NASDAQ:SEDG) last released its quarterly earnings results on Wednesday, November 5th. The semiconductor company reported ($0.31) earnings per share for the quarter, beating the consensus estimate of ($0.43) by $0.12. SolarEdge Technologies had a negative net margin of 177.64% and a negative return on equity of 191.53%. The firm had revenue of $339.70 million for the quarter, compared to analysts’ expectations of $331.13 million. During the same period in the prior year, the firm earned ($15.33) EPS. The business’s revenue was up 30.4% on a year-over-year basis. SolarEdge Technologies has set its Q4 2025 guidance at EPS. As a group, sell-side analysts expect that SolarEdge Technologies, Inc. will post -4.54 EPS for the current year.

SolarEdge Technologies Company Profile

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.