SolarEdge Technologies, Inc. (NASDAQ:SEDG) Given Average Rating of “Reduce” by Analysts

SolarEdge Technologies, Inc. (NASDAQ:SEDG) has earned a consensus recommendation of “Reduce” from the twenty-two analysts that are presently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $36.9444.

A number of equities research analysts have recently weighed in on SEDG shares. Citigroup lowered their price objective on shares of SolarEdge Technologies from $30.00 to $27.00 and set a “sell” rating for the company in a report on Thursday, May 7th. Weiss Ratings raised shares of SolarEdge Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 24th. UBS Group lifted their target price on shares of SolarEdge Technologies from $36.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. lifted their target price on shares of SolarEdge Technologies from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Finally, Wells Fargo & Company initiated coverage on shares of SolarEdge Technologies in a research note on Monday, June 29th. They issued an “equal weight” rating and a $36.00 price target for the company.

SolarEdge Technologies Price Performance

Shares of SEDG traded up $0.42 during trading hours on Friday, reaching $55.18. 1,057,670 shares of the company’s stock traded hands, compared to its average volume of 2,383,024. SolarEdge Technologies has a 12 month low of $23.01 and a 12 month high of $81.25. The company has a current ratio of 2.02, a quick ratio of 1.36 and a debt-to-equity ratio of 0.85. The stock has a market cap of $3.36 billion, a PE ratio of -9.00 and a beta of 1.45. The firm’s 50 day simple moving average is $57.00 and its 200-day simple moving average is $44.74.

SolarEdge Technologies (NASDAQ:SEDG) last posted its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.20). SolarEdge Technologies had a negative return on equity of 38.66% and a negative net margin of 28.56%.The company had revenue of $309.90 million for the quarter, compared to the consensus estimate of $305.49 million. During the same period in the prior year, the firm posted ($1.14) earnings per share. The business’s revenue was up 41.5% on a year-over-year basis. Equities analysts expect that SolarEdge Technologies will post -1.1 EPS for the current year.

Insiders Place Their Bets

In other news, Chairman More Avery sold 2,566 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $38.76, for a total transaction of $99,458.16. Following the completion of the sale, the chairman directly owned 295,379 shares in the company, valued at approximately $11,448,890.04. This represents a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.04% of the stock is owned by insiders.

Institutional Investors Weigh In On SolarEdge Technologies

A number of large investors have recently modified their holdings of SEDG. UBS Group AG grew its holdings in shares of SolarEdge Technologies by 234.8% during the 3rd quarter. UBS Group AG now owns 3,554,504 shares of the semiconductor company’s stock worth $131,517,000 after acquiring an additional 2,492,776 shares during the period. Electron Capital Partners LLC lifted its stake in shares of SolarEdge Technologies by 107.8% in the 3rd quarter. Electron Capital Partners LLC now owns 1,732,566 shares of the semiconductor company’s stock valued at $64,105,000 after purchasing an additional 898,802 shares during the period. Meitav Investment House Ltd. lifted its stake in shares of SolarEdge Technologies by 541.6% in the 1st quarter. Meitav Investment House Ltd. now owns 1,017,551 shares of the semiconductor company’s stock valued at $51,946,000 after purchasing an additional 858,954 shares during the period. ION Fund Management Ltd bought a new stake in shares of SolarEdge Technologies during the fourth quarter valued at approximately $22,965,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of SolarEdge Technologies during the third quarter valued at approximately $21,595,000. 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.