Royal Bank Of Canada Raises SolarEdge Technologies (NASDAQ:SEDG) Price Target to $34.00

SolarEdge Technologies (NASDAQ:SEDG) had its price objective lifted by investment analysts at Royal Bank Of Canada from $25.00 to $34.00 in a research note issued to investors on Thursday, Marketbeat reports. The firm presently has a “sector perform” rating on the semiconductor company’s stock. Royal Bank Of Canada’s target price would suggest a potential downside of 15.00% from the company’s current price.

Other analysts have also issued research reports about the company. Weiss Ratings reissued a “sell (d-)” rating on shares of SolarEdge Technologies in a research note on Wednesday, October 8th. BNP Paribas Exane lowered shares of SolarEdge Technologies from a “neutral” rating to an “underperform” rating and set a $17.00 price target on the stock. in a report on Wednesday, July 16th. Susquehanna boosted their price objective on shares of SolarEdge Technologies from $25.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, October 13th. BMO Capital Markets increased their target price on shares of SolarEdge Technologies from $19.00 to $25.00 and gave the stock an “underperform” rating in a report on Thursday. Finally, TD Cowen boosted their price target on SolarEdge Technologies from $26.00 to $34.00 and gave the company a “hold” rating in a report on Thursday. Eighteen research analysts have rated the stock with a Hold rating and ten have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $24.20.

SolarEdge Technologies Price Performance

SEDG stock opened at $40.00 on Thursday. The firm has a market cap of $2.38 billion, a P/E ratio of -1.34 and a beta of 1.63. The firm’s fifty day moving average is $35.98 and its 200 day moving average is $27.00. SolarEdge Technologies has a 52 week low of $10.24 and a 52 week high of $41.92. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.42 and a current ratio of 1.94.

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

Hedge Funds Weigh In On SolarEdge Technologies

Several institutional investors have recently made changes to their positions in SEDG. GAMMA Investing LLC increased its holdings in SolarEdge Technologies by 5.1% in the 3rd quarter. GAMMA Investing LLC now owns 6,207 shares of the semiconductor company’s stock worth $230,000 after acquiring an additional 302 shares in the last quarter. Resona Asset Management Co. Ltd. increased its stake in SolarEdge Technologies by 6.7% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 6,472 shares of the semiconductor company’s stock worth $128,000 after buying an additional 404 shares in the last quarter. Tidal Investments LLC raised its holdings in SolarEdge Technologies by 1.2% during the second quarter. Tidal Investments LLC now owns 42,411 shares of the semiconductor company’s stock valued at $865,000 after acquiring an additional 484 shares during the period. Maryland State Retirement & Pension System lifted its position in shares of SolarEdge Technologies by 2.9% in the second quarter. Maryland State Retirement & Pension System now owns 17,352 shares of the semiconductor company’s stock valued at $354,000 after acquiring an additional 486 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of SolarEdge Technologies by 21.5% in the second quarter. Public Employees Retirement System of Ohio now owns 2,868 shares of the semiconductor company’s stock worth $59,000 after acquiring an additional 508 shares during the period. 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.