SolarEdge Technologies (NASDAQ:SEDG) Price Target Raised to $30.00

SolarEdge Technologies (NASDAQ:SEDG) had its price target hoisted by Citigroup from $9.00 to $30.00 in a research report released on Tuesday,Benzinga reports. Citigroup currently has a sell rating on the semiconductor company’s stock.

SEDG has been the subject of several other research reports. Weiss Ratings restated a “sell (d-)” rating on shares of SolarEdge Technologies in a research report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price objective on shares of SolarEdge Technologies from $27.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Roth Capital raised their price objective on shares of SolarEdge Technologies from $15.00 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Wall Street Zen upgraded shares of SolarEdge Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of SolarEdge Technologies from $19.00 to $28.00 and gave the company a “hold” rating in a research report on Wednesday, October 1st. Eighteen equities research analysts have rated the stock with a Hold rating and eleven have issued a Sell rating to the company. According to data from MarketBeat.com, SolarEdge Technologies presently has an average rating of “Reduce” and an average target price of $21.68.

SolarEdge Technologies Trading Up 0.9%

Shares of SolarEdge Technologies stock opened at $37.82 on Tuesday. The stock has a market capitalization of $2.25 billion, a P/E ratio of -1.26 and a beta of 1.58. The company has a quick ratio of 1.42, a current ratio of 1.94 and a debt-to-equity ratio of 0.72. The company has a 50-day simple moving average of $34.91 and a 200 day simple moving average of $25.07. SolarEdge Technologies has a 12-month low of $10.24 and a 12-month high of $41.92.

SolarEdge Technologies (NASDAQ:SEDG) last announced its earnings results on Thursday, August 7th. The semiconductor company reported ($0.81) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.81). The business had revenue of $289.43 million during the quarter, compared to analysts’ expectations of $270.03 million. SolarEdge Technologies had a negative net margin of 177.64% and a negative return on equity of 191.53%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the company posted ($1.79) EPS. SolarEdge Technologies has set its Q3 2025 guidance at EPS. Research analysts expect that SolarEdge Technologies will post -4.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SEDG. GAMMA Investing LLC boosted its stake in SolarEdge Technologies by 71.9% during the 1st quarter. GAMMA Investing LLC now owns 9,047 shares of the semiconductor company’s stock worth $146,000 after acquiring an additional 3,783 shares during the last quarter. New York State Teachers Retirement System boosted its stake in SolarEdge Technologies by 1.5% during the 1st quarter. New York State Teachers Retirement System now owns 66,436 shares of the semiconductor company’s stock worth $1,075,000 after acquiring an additional 1,000 shares during the last quarter. Principal Financial Group Inc. boosted its stake in SolarEdge Technologies by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 284,729 shares of the semiconductor company’s stock worth $4,607,000 after acquiring an additional 6,897 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in SolarEdge Technologies by 1.2% during the 1st quarter. Bank of New York Mellon Corp now owns 269,944 shares of the semiconductor company’s stock worth $4,368,000 after acquiring an additional 3,171 shares during the last quarter. Finally, Ballentine Partners LLC bought a new position in SolarEdge Technologies during the 1st quarter worth approximately $242,000. Institutional investors own 95.10% of the company’s stock.

About SolarEdge Technologies

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.