SolarEdge Technologies (NASDAQ:SEDG) Issues Earnings Results

SolarEdge Technologies (NASDAQ:SEDG) announced its earnings results on Wednesday. The semiconductor company reported ($3.97) earnings per share for the quarter, missing the consensus estimate of ($1.52) by ($2.45), Zacks reports. SolarEdge Technologies had a negative net margin of 158.19% and a negative return on equity of 65.79%. SolarEdge Technologies updated its Q1 2025 guidance to EPS.

SolarEdge Technologies Trading Up 3.5 %

Shares of SolarEdge Technologies stock opened at $16.93 on Wednesday. The company has a quick ratio of 1.46, a current ratio of 2.34 and a debt-to-equity ratio of 0.39. SolarEdge Technologies has a 1-year low of $10.24 and a 1-year high of $84.69. The business’s fifty day moving average price is $14.30 and its two-hundred day moving average price is $17.27.

Wall Street Analysts Forecast Growth

SEDG has been the subject of a number of analyst reports. Piper Sandler downgraded SolarEdge Technologies from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $17.00 to $9.00 in a report on Thursday, November 7th. JPMorgan Chase & Co. reduced their target price on SolarEdge Technologies from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Mizuho lowered shares of SolarEdge Technologies from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $35.00 to $11.00 in a research note on Thursday, November 7th. Bank of America downgraded shares of SolarEdge Technologies from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $21.00 to $14.00 in a research note on Thursday, November 7th. Finally, BMO Capital Markets dropped their target price on shares of SolarEdge Technologies from $21.00 to $12.00 and set a “market perform” rating for the company in a research report on Thursday, November 7th. Eight investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, SolarEdge Technologies currently has an average rating of “Hold” and an average price target of $20.84.

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.