SolarEdge Technologies (NASDAQ:SEDG) Shares Gap Up Following Analyst Upgrade

SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s stock price gapped up before the market opened on Wednesday after UBS Group upgraded the stock from a neutral rating to a buy rating. The stock had previously closed at $29.88, but opened at $32.18. UBS Group now has a $42.00 price target on the stock, up from their previous price target of $36.00. SolarEdge Technologies shares last traded at $32.1180, with a volume of 1,475,199 shares traded.

Several other brokerages also recently weighed in on SEDG. Susquehanna lowered their target price on shares of SolarEdge Technologies from $56.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating for the company in a research report on Thursday, May 7th. Glj Research reaffirmed a “sell” rating on shares of SolarEdge Technologies in a report on Thursday, June 11th. Wells Fargo & Company started coverage on SolarEdge Technologies in a research report on Monday, June 29th. They set an “equal weight” rating and a $36.00 target price on the stock. Finally, Royal Bank Of Canada reduced their price target on SolarEdge Technologies from $30.00 to $24.00 and set a “sector perform” rating for the company in a report on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $38.36.

Hedge Funds Weigh In On SolarEdge Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in SolarEdge Technologies during the second quarter worth $640,000. California State Teachers Retirement System increased its position in shares of SolarEdge Technologies by 5,939.4% in the second quarter. California State Teachers Retirement System now owns 4,021,549 shares of the semiconductor company’s stock valued at $235,019,000 after buying an additional 3,954,960 shares in the last quarter. Nykredit A S purchased a new position in shares of SolarEdge Technologies in the second quarter valued at $36,000. Headlands Technologies LLC boosted its position in shares of SolarEdge Technologies by 43.8% in the 2nd quarter. Headlands Technologies LLC now owns 57,313 shares of the semiconductor company’s stock worth $3,349,000 after buying an additional 17,465 shares in the last quarter. Finally, Two Sigma Securities LLC acquired a new stake in SolarEdge Technologies in the 2nd quarter valued at about $406,000. 95.10% of the stock is owned by institutional investors and hedge funds.

SolarEdge Technologies Price Performance

The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.38 and a current ratio of 2.03. The company’s fifty day simple moving average is $45.16 and its two-hundred day simple moving average is $46.56. The stock has a market capitalization of $1.98 billion, a PE ratio of -7.13 and a beta of 1.49.

SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.07. The company had revenue of $346.20 million for the quarter, compared to the consensus estimate of $341.15 million. SolarEdge Technologies had a negative net margin of 20.29% and a negative return on equity of 29.17%. The company’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.81) earnings per share. As a group, sell-side analysts predict that SolarEdge Technologies, Inc. will post -1.23 EPS for the current year.

SolarEdge Technologies Company Profile

SolarEdge Technologies (NASDAQ: SEDG) is a global provider of solar energy solutions focused on optimizing photovoltaic (PV) power generation. The company’s core offerings include power optimizers, inverters and cloud-based monitoring platforms designed to maximize energy output and improve safety across residential, commercial and utility-scale installations. By coupling module-level electronics with centralized inverters, SolarEdge’s technology enables real-time performance monitoring and rapid fault detection to enhance system reliability.

In recent years, SolarEdge has expanded its product portfolio beyond solar PV to include energy storage systems, electric vehicle (EV) charging solutions and smart energy management tools.