SolarEdge Technologies (NASDAQ:SEDG) Price Target Raised to $40.00

by · The Cerbat Gem

SolarEdge Technologies (NASDAQ:SEDG – Get Free Report) had its price target increased by UBS Group from $30.00 to $40.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the semiconductor company’s stock. UBS Group’s price objective would suggest a potential upside of 7.32% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. BMO Capital Markets increased their price objective on shares of SolarEdge Technologies from $19.00 to $25.00 and gave the stock an “underperform” rating in a research report on Thursday, November 6th. The Goldman Sachs Group increased their target price on SolarEdge Technologies from $27.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. Morgan Stanley upped their price objective on SolarEdge Technologies from $25.00 to $27.00 and gave the stock an “underweight” rating in a research report on Thursday, November 6th. TD Cowen increased their price objective on SolarEdge Technologies from $26.00 to $34.00 and gave the stock a “hold” rating in a report on Thursday, November 6th. Finally, Wall Street Zen upgraded SolarEdge Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Eighteen investment analysts have rated the stock with a Hold rating and ten have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $24.62.

View Our Latest Analysis on SEDG

SolarEdge Technologies Trading Up 2.3%

Shares of NASDAQ SEDG traded up $0.85 during midday trading on Friday, reaching $37.27. 2,389,885 shares of the stock were exchanged, compared to its average volume of 4,681,560. SolarEdge Technologies has a 12 month low of $10.24 and a 12 month high of $48.60. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of -1.25 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 business has a 50-day simple moving average of $36.70 and a two-hundred day simple moving average of $27.83.

SolarEdge Technologies (NASDAQ:SEDG – Get Free Report) last issued its quarterly earnings data on Wednesday, November 5th. The semiconductor company reported ($0.31) EPS for the quarter, topping the consensus estimate of ($0.43) by $0.12. The business had revenue of $339.70 million for the quarter, compared to the consensus estimate of $331.13 million. SolarEdge Technologies had a negative return on equity of 191.53% and a negative net margin of 177.64%.The firm’s revenue was up 30.4% compared to the same quarter last year. During the same quarter last year, the business posted ($15.33) EPS. SolarEdge Technologies has set its Q4 2025 guidance at EPS. As a group, equities research analysts expect that SolarEdge Technologies will post -4.54 EPS for the current year.

Institutional Investors Weigh In On SolarEdge Technologies

Several hedge funds have recently bought and sold shares of SEDG. U.S. Capital Wealth Advisors LLC acquired a new position in shares of SolarEdge Technologies during the 2nd quarter worth approximately $204,000. Bayforest Capital Ltd boosted its position in SolarEdge Technologies by 49.8% during the second quarter. Bayforest Capital Ltd now owns 85,461 shares of the semiconductor company’s stock worth $1,743,000 after purchasing an additional 28,425 shares during the period. Phoenix Financial Ltd. acquired a new position in shares of SolarEdge Technologies in the second quarter valued at $216,000. Migdal Insurance & Financial Holdings Ltd. raised its position 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 period. Finally, Nuveen LLC acquired a new stake in shares of SolarEdge Technologies during the 1st quarter worth about $1,092,000. 95.10% of the stock is currently owned by institutional investors and hedge funds.

SolarEdge Technologies Company Profile

(Get Free Report)

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.

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