Brokerages Set SolarEdge Technologies, Inc. (NASDAQ:SEDG) Price Target at $29.09

SolarEdge Technologies, Inc. (NASDAQ:SEDG) has been given an average rating of “Reduce” by the twenty-five brokerages that are presently covering the stock, MarketBeat reports. Six analysts have rated the stock with a sell recommendation, eighteen have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $29.0864.

A number of research analysts have recently weighed in on the company. Barclays raised their price target on SolarEdge Technologies from $36.00 to $39.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Jefferies Financial Group upgraded SolarEdge Technologies from an “underperform” rating to a “hold” rating and raised their price target for the company from $30.00 to $49.00 in a research report on Friday, March 20th. Royal Bank Of Canada dropped their price target on SolarEdge Technologies from $34.00 to $32.00 and set a “sector perform” rating for the company in a research report on Thursday, February 19th. Morgan Stanley raised their price target on SolarEdge Technologies from $33.00 to $40.00 and gave the company an “equal weight” rating in a research report on Thursday, February 19th. Finally, Citigroup dropped their price target on SolarEdge Technologies from $30.00 to $29.00 and set a “sell” rating for the company in a research report on Thursday, December 18th.

SolarEdge Technologies Trading Down 2.8%

Shares of SEDG stock opened at $43.85 on Friday. SolarEdge Technologies has a fifty-two week low of $11.00 and a fifty-two week high of $53.75. The stock has a market cap of $2.65 billion, a P/E ratio of -6.37 and a beta of 1.35. The business has a fifty day simple moving average of $40.09 and a 200-day simple moving average of $36.56. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.82.

SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly earnings results on Thursday, February 26th. The semiconductor company reported ($0.14) earnings per share for the quarter. SolarEdge Technologies had a negative net margin of 34.23% and a negative return on equity of 45.54%. The firm had revenue of $333.80 million during the quarter. On average, analysts forecast that SolarEdge Technologies will post -4.54 earnings per share for the current fiscal year.

Institutional Trading of SolarEdge Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Accent Capital Management LLC purchased a new stake in SolarEdge Technologies during the 3rd quarter worth about $25,000. Hantz Financial Services Inc. increased its position in SolarEdge Technologies by 352.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 733 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 571 shares in the last quarter. Whittier Trust Co. purchased a new stake in SolarEdge Technologies during the 3rd quarter worth about $27,000. Saranac Partners Ltd purchased a new stake in SolarEdge Technologies during the 3rd quarter worth about $28,000. Finally, State of Wyoming purchased a new stake in SolarEdge Technologies during the 4th quarter worth about $27,000. Hedge funds and other institutional investors own 95.10% of the company’s stock.

About SolarEdge Technologies

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.