SolarEdge Technologies (NASDAQ:SEDG) Price Target Lowered to $36.00 at UBS Group

SolarEdge Technologies (NASDAQ:SEDG) had its target price cut by equities researchers at UBS Group from $40.00 to $36.00 in a research report issued to clients and investors on Monday,MarketScreener reports. The brokerage currently has a “neutral” rating on the semiconductor company’s stock. UBS Group’s price objective points to a potential downside of 7.45% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Morgan Stanley boosted their price objective on shares of SolarEdge Technologies from $33.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 19th. The Goldman Sachs Group upped their price target on shares of SolarEdge Technologies from $32.00 to $36.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. Wells Fargo & Company increased their price target on shares of SolarEdge Technologies from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. Royal Bank Of Canada cut their price objective on SolarEdge Technologies from $34.00 to $32.00 and set a “sector perform” rating for the company in a research report on Thursday, February 19th. Finally, Citigroup reduced their target price on SolarEdge Technologies from $30.00 to $29.00 and set a “sell” rating on the stock in a research note on Thursday, December 18th. One equities research analyst has rated the stock with a Buy rating, sixteen have issued a Hold rating and seven have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $27.09.

SolarEdge Technologies Price Performance

Shares of SEDG traded down $1.70 on Monday, reaching $38.90. The stock had a trading volume of 511,118 shares, compared to its average volume of 3,226,850. SolarEdge Technologies has a twelve month low of $11.00 and a twelve month high of $48.60. The firm has a market capitalization of $2.35 billion, a PE ratio of -5.64 and a beta of 1.62. The firm has a 50-day moving average of $34.08 and a 200 day moving average of $34.48. 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 (NASDAQ:SEDG) last posted its earnings results on Wednesday, February 18th. The semiconductor company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.05. The company had revenue of $333.80 million for the quarter, compared to the consensus estimate of $330.33 million. SolarEdge Technologies had a negative return on equity of 45.54% and a negative net margin of 34.23%.SolarEdge Technologies’s quarterly revenue was up 70.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($3.52) earnings per share. Sell-side analysts expect that SolarEdge Technologies will post -4.54 EPS for the current year.

Institutional Investors Weigh In On SolarEdge Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Accent Capital Management LLC purchased a new position in shares of SolarEdge Technologies in the 3rd quarter worth about $25,000. Whittier Trust Co. acquired a new stake in SolarEdge Technologies during the 3rd quarter worth approximately $27,000. Hantz Financial Services Inc. raised its holdings in SolarEdge Technologies by 352.5% in the third quarter. Hantz Financial Services Inc. now owns 733 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 571 shares during the period. State of Wyoming purchased a new position in SolarEdge Technologies in the fourth quarter valued at approximately $27,000. Finally, Saranac Partners Ltd acquired a new position in SolarEdge Technologies during the third quarter valued at approximately $28,000. 95.10% of the stock is currently 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.