TD Cowen Cuts SolarEdge Technologies (NASDAQ:SEDG) Price Target to $75.00

SolarEdge Technologies (NASDAQ:SEDG) had its price objective cut by TD Cowen from $85.00 to $75.00 in a report published on Monday morning, Marketbeat Ratings reports. They currently have a buy rating on the semiconductor company’s stock.

Several other research firms have also weighed in on SEDG. JPMorgan Chase & Co. boosted their target price on shares of SolarEdge Technologies from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating for the company in a report on Thursday, May 7th. Wells Fargo & Company began coverage on shares of SolarEdge Technologies in a research report on Monday, June 29th. They set an “equal weight” rating and a $36.00 price objective for the company. The Goldman Sachs Group reissued a “sell” rating and issued a $31.00 target price (down from $36.00) on shares of SolarEdge Technologies in a report on Wednesday, April 15th. Finally, Citigroup decreased their target price on SolarEdge Technologies from $30.00 to $27.00 and set a “sell” rating for the company in a research note on Thursday, May 7th. One research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $38.06.

SolarEdge Technologies Trading Down 4.8%

NASDAQ SEDG opened at $47.88 on Monday. SolarEdge Technologies has a 12 month low of $23.01 and a 12 month high of $81.25. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.02 and a quick ratio of 1.36. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of -7.81 and a beta of 1.45. The company’s fifty day moving average price is $58.63 and its two-hundred day moving average price is $46.09.

SolarEdge Technologies (NASDAQ:SEDG) last released its earnings results on Wednesday, May 6th. The semiconductor company reported ($0.43) earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $305.49 million. During the same period in the previous year, the firm posted ($1.14) EPS. SolarEdge Technologies’s revenue for the quarter was up 41.5% on a year-over-year basis. As a group, research analysts predict that SolarEdge Technologies will post -1.1 earnings per share for the current fiscal year.

Insider Transactions at SolarEdge Technologies

In other SolarEdge Technologies news, Chairman More Avery sold 2,566 shares of the firm’s 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 transaction, the chairman owned 295,379 shares of the company’s stock, valued at approximately $11,448,890.04. This trade represents a 0.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.04% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. UBS Group AG raised its holdings in shares of SolarEdge Technologies by 234.8% during the third quarter. UBS Group AG now owns 3,554,504 shares of the semiconductor company’s stock valued at $131,517,000 after acquiring an additional 2,492,776 shares during the period. Electron Capital Partners LLC boosted its stake in 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 worth $64,105,000 after purchasing an additional 898,802 shares during the period. Meitav Investment House Ltd. grew its position in SolarEdge Technologies by 541.6% during the 1st quarter. Meitav Investment House Ltd. now owns 1,017,551 shares of the semiconductor company’s stock worth $51,946,000 after purchasing an additional 858,954 shares in the last quarter. ION Fund Management Ltd purchased a new position in SolarEdge Technologies during the 4th quarter worth approximately $22,965,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in SolarEdge Technologies during the 3rd quarter valued at $21,595,000. 95.10% of the stock is currently owned by institutional investors.

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.