SolarEdge Technologies (NASDAQ:SEDG) Price Target Raised to $41.00

SolarEdge Technologies (NASDAQ:SEDG) had its target price upped by stock analysts at Barclays from $39.00 to $41.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the semiconductor company’s stock. Barclays‘s price objective would suggest a potential downside of 5.38% from the stock’s previous close.

Several other equities analysts have also recently issued reports on SEDG. Deutsche Bank Aktiengesellschaft reduced their price objective on SolarEdge Technologies from $35.00 to $33.00 and set a “hold” rating for the company in a report on Friday, February 20th. The Goldman Sachs Group lifted their price objective on SolarEdge Technologies from $32.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Citigroup reduced their price objective on SolarEdge Technologies from $30.00 to $29.00 and set a “sell” rating for the company in a report on Thursday, December 18th. Bank of America raised SolarEdge Technologies from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $17.00 to $40.00 in a report on Tuesday, March 10th. Finally, Jefferies Financial Group raised SolarEdge Technologies from an “underperform” rating to a “hold” rating and lifted their price objective for the stock from $30.00 to $49.00 in a report on Friday, March 20th. One equities research analyst has rated the stock with a Buy rating, eighteen have assigned a Hold rating and six have given a Sell rating to the company. According to MarketBeat, SolarEdge Technologies has a consensus rating of “Reduce” and a consensus price target of $29.18.

SolarEdge Technologies Price Performance

Shares of SolarEdge Technologies stock traded down $0.52 during trading on Wednesday, reaching $43.33. The company’s stock had a trading volume of 2,163,041 shares, compared to its average volume of 3,355,534. 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 has a 12-month low of $11.00 and a 12-month high of $53.75. The company has a market capitalization of $2.62 billion, a P/E ratio of -6.32 and a beta of 1.35. The business has a 50 day moving average price of $40.09 and a 200-day moving average price of $36.56.

SolarEdge Technologies (NASDAQ:SEDG) last posted its quarterly earnings results on Thursday, February 26th. The semiconductor company reported ($0.14) earnings per share for the quarter. The business had revenue of $333.80 million during the quarter. SolarEdge Technologies had a negative net margin of 34.23% and a negative return on equity of 45.54%. As a group, sell-side analysts anticipate that SolarEdge Technologies will post -4.54 EPS for the current year.

Hedge Funds Weigh In On SolarEdge Technologies

A number of institutional investors have recently made changes to their positions in SEDG. Accent Capital Management LLC acquired a new position in shares of SolarEdge Technologies in the third quarter worth $25,000. Whittier Trust Co. acquired a new position in shares of SolarEdge Technologies in the third quarter worth $27,000. Hantz Financial Services Inc. raised its holdings in shares of SolarEdge Technologies by 352.5% in the third quarter. Hantz Financial Services Inc. now owns 733 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 571 shares during the last quarter. State of Wyoming acquired a new position in shares of SolarEdge Technologies in the fourth quarter worth $27,000. Finally, Saranac Partners Ltd acquired a new position in shares of SolarEdge Technologies in the third quarter worth $28,000. 95.10% of the stock is owned by institutional investors and hedge funds.

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.