Analysts Set SolarEdge Technologies, Inc. (NASDAQ:SEDG) Price Target at $24.45

SolarEdge Technologies, Inc. (NASDAQ:SEDG) has been given an average recommendation of “Reduce” by the twenty-eight ratings firms that are presently covering the firm, Marketbeat.com reports. Nine investment analysts have rated the stock with a sell recommendation and nineteen have given a hold recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $24.4542.

Several analysts have commented on SEDG shares. Susquehanna raised their price objective on shares of SolarEdge Technologies from $25.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, October 13th. UBS Group raised their target price on SolarEdge Technologies from $30.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, November 14th. Barclays upped their price target on SolarEdge Technologies from $29.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 9th. Deutsche Bank Aktiengesellschaft increased their price objective on SolarEdge Technologies from $19.00 to $28.00 and gave the stock a “hold” rating in a report on Wednesday, October 1st. Finally, Royal Bank Of Canada boosted their target price on shares of SolarEdge Technologies from $25.00 to $34.00 and gave the company a “sector perform” rating in a report on Thursday, November 6th.

Institutional Investors Weigh In On SolarEdge Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. U.S. Capital Wealth Advisors LLC purchased a new stake in SolarEdge Technologies during the 2nd quarter valued at $204,000. Bayforest Capital Ltd raised its stake in shares of SolarEdge Technologies by 49.8% in the second quarter. Bayforest Capital Ltd now owns 85,461 shares of the semiconductor company’s stock worth $1,743,000 after purchasing an additional 28,425 shares during the last quarter. Phoenix Financial Ltd. bought a new position in shares of SolarEdge Technologies during the second quarter valued at $216,000. Nuveen LLC bought a new position in shares of SolarEdge Technologies during the first quarter valued at $1,092,000. Finally, Bank Hapoalim BM boosted its position in shares of SolarEdge Technologies by 73.5% during the second quarter. Bank Hapoalim BM now owns 70,475 shares of the semiconductor company’s stock valued at $1,438,000 after buying an additional 29,859 shares during the last quarter. Hedge funds and other institutional investors own 95.10% of the company’s stock.

SolarEdge Technologies Trading Down 0.6%

NASDAQ:SEDG opened at $29.02 on Wednesday. The company has a 50-day moving average price of $34.06 and a 200-day moving average price of $31.31. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of -3.00 and a beta of 1.67. The company has a current ratio of 2.28, a quick ratio of 1.60 and a debt-to-equity ratio of 0.78. SolarEdge Technologies has a 12 month low of $11.00 and a 12 month high of $48.60.

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.