SolarEdge Technologies, Inc. (NASDAQ:SEDG) Receives Consensus Rating of “Reduce” from Analysts

Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) have been assigned a consensus rating of “Reduce” from the seventeen research firms that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $38.3571.

A number of analysts have recently commented on SEDG shares. UBS Group upgraded SolarEdge Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the company from $36.00 to $42.00 in a report on Wednesday, August 26th. The Goldman Sachs Group cut their price objective on shares of SolarEdge Technologies from $34.00 to $30.00 and set a “sell” rating on the stock in a research report on Thursday, August 6th. 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 research report on Thursday, August 6th. Barclays decreased their price target on SolarEdge Technologies from $53.00 to $37.00 and set an “equal weight” rating for the company in a research note on Thursday, August 6th. Finally, Susquehanna dropped their price objective on SolarEdge Technologies from $56.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th.

Institutional Investors Weigh In On SolarEdge Technologies

A number of institutional investors and hedge funds have recently modified their holdings of SEDG. Goldman Sachs Group Inc. increased its position in SolarEdge Technologies by 8.7% during the first quarter. Goldman Sachs Group Inc. now owns 997,962 shares of the semiconductor company’s stock worth $16,147,000 after buying an additional 79,461 shares during the last quarter. First Trust Advisors LP lifted its position in shares of SolarEdge Technologies by 2.8% in the second quarter. First Trust Advisors LP now owns 560,585 shares of the semiconductor company’s stock valued at $11,436,000 after buying an additional 15,333 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of SolarEdge Technologies by 4.6% in the second quarter. The Manufacturers Life Insurance Company now owns 16,023 shares of the semiconductor company’s stock valued at $327,000 after buying an additional 700 shares during the last quarter. Bayesian Capital Management LP bought a new position in shares of SolarEdge Technologies during the 2nd quarter worth approximately $206,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of SolarEdge Technologies during the 2nd quarter worth approximately $35,000. 95.10% of the stock is owned by institutional investors.

SolarEdge Technologies Price Performance

SolarEdge Technologies stock opened at $34.20 on Monday. The company has a 50 day moving average of $41.77 and a 200-day moving average of $46.42. The company has a quick ratio of 1.38, a current ratio of 2.03 and a debt-to-equity ratio of 0.85. SolarEdge Technologies has a twelve month low of $28.21 and a twelve month high of $81.25. The stock has a market capitalization of $2.10 billion, a PE ratio of -7.60 and a beta of 1.44.

SolarEdge Technologies (NASDAQ:SEDG) last issued its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.07. The business had revenue of $346.20 million for the quarter, compared to analyst estimates of $341.15 million. SolarEdge Technologies had a negative net margin of 20.29% and a negative return on equity of 29.17%. The firm’s quarterly revenue was up 19.6% on a year-over-year basis. During the same period last year, the business posted ($0.81) earnings per share. On average, equities research analysts anticipate that SolarEdge Technologies will post -1.23 EPS for the current fiscal 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.