SolarEdge Technologies (NASDAQ:SEDG) Shares Gap Up on Analyst Upgrade

SolarEdge Technologies, Inc. (NASDAQ:SEDG) gapped up prior to trading on Wednesday after UBS Group upgraded the stock from a neutral rating to a buy rating. The stock had previously closed at $29.88, but opened at $32.18. UBS Group now has a $42.00 price target on the stock, up from their previous price target of $36.00. SolarEdge Technologies shares last traded at $32.1180, with a volume of 1,475,199 shares trading hands.

A number of other research analysts have also recently commented on the stock. Glj Research reissued a “sell” rating on shares of SolarEdge Technologies in a research report on Thursday, June 11th. Citigroup dropped their price target on shares of SolarEdge Technologies from $30.00 to $27.00 and set a “sell” rating on the stock in a research note on Thursday, May 7th. Weiss Ratings upgraded shares of SolarEdge Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday. Susquehanna decreased their price objective on shares of SolarEdge Technologies from $56.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Finally, Wells Fargo & Company started coverage on SolarEdge Technologies in a research note on Monday, June 29th. They set an “equal weight” rating and a $36.00 target price for the company. Two research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $38.36.

Hedge Funds Weigh In On SolarEdge Technologies

Large investors have recently modified their holdings of the stock. UBS Group AG raised its stake in SolarEdge Technologies by 18.5% during the fourth quarter. UBS Group AG now owns 4,210,429 shares of the semiconductor company’s stock valued at $121,471,000 after buying an additional 655,925 shares in the last quarter. California State Teachers Retirement System grew its position in shares of SolarEdge Technologies by 5,939.4% in the 2nd quarter. California State Teachers Retirement System now owns 4,021,549 shares of the semiconductor company’s stock worth $235,019,000 after acquiring an additional 3,954,960 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of SolarEdge Technologies by 5.5% in the 4th quarter. Vanguard Group Inc. now owns 3,368,073 shares of the semiconductor company’s stock valued at $97,169,000 after acquiring an additional 175,582 shares during the last quarter. Invesco Ltd. raised its position in shares of SolarEdge Technologies by 28.6% during the 4th quarter. Invesco Ltd. now owns 2,169,822 shares of the semiconductor company’s stock valued at $62,599,000 after acquiring an additional 483,052 shares in the last quarter. Finally, Electron Capital Partners LLC lifted its stake in SolarEdge Technologies by 107.8% during the third 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 last quarter. Institutional investors own 95.10% of the company’s stock.

SolarEdge Technologies Trading Up 7.6%

The company has a debt-to-equity ratio of 0.85, a current ratio of 2.03 and a quick ratio of 1.38. The business’s fifty day simple moving average is $45.16 and its 200 day simple moving average is $46.56. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of -7.13 and a beta of 1.49.

SolarEdge Technologies (NASDAQ:SEDG) last posted its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.07. SolarEdge Technologies had a negative net margin of 20.29% and a negative return on equity of 29.17%. The company had revenue of $346.20 million for the quarter, compared to the consensus estimate of $341.15 million. During the same period last year, the firm posted ($0.81) EPS. The company’s revenue for the quarter was up 19.6% on a year-over-year basis. On average, research analysts predict that SolarEdge Technologies, Inc. will post -1.23 EPS for the current year.

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.