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

SolarEdge Technologies, Inc. (NASDAQ:SEDG) has been assigned an average recommendation of “Reduce” from the twenty-five ratings firms that are currently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a sell recommendation, seventeen have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $27.6773.

A number of equities research analysts recently weighed in on SEDG shares. Jefferies Financial Group reissued an “underperform” rating on shares of SolarEdge Technologies in a research report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft reduced their price objective on SolarEdge Technologies from $35.00 to $33.00 and set a “hold” rating for the company in a research report on Friday, February 20th. Barclays lifted their price objective on SolarEdge Technologies from $36.00 to $39.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. The Goldman Sachs Group boosted their price objective on SolarEdge Technologies from $32.00 to $36.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. Finally, UBS Group cut their target price on SolarEdge Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, March 2nd.

Hedge Funds Weigh In On SolarEdge Technologies

A number of hedge funds have recently made changes to their positions in SEDG. Public Sector Pension Investment Board increased its stake in SolarEdge Technologies by 15.0% in the third quarter. Public Sector Pension Investment Board now owns 231,604 shares of the semiconductor company’s stock valued at $8,569,000 after acquiring an additional 30,264 shares during the period. Convergence Investment Partners LLC bought a new position in SolarEdge Technologies during the third quarter worth about $3,033,000. SG Americas Securities LLC boosted its holdings in SolarEdge Technologies by 59.7% during the third quarter. SG Americas Securities LLC now owns 103,033 shares of the semiconductor company’s stock valued at $3,812,000 after purchasing an additional 38,511 shares in the last quarter. Menora Mivtachim Holdings LTD. boosted its holdings in SolarEdge Technologies by 213.4% during the second quarter. Menora Mivtachim Holdings LTD. now owns 1,490,637 shares of the semiconductor company’s stock valued at $30,409,000 after purchasing an additional 1,015,017 shares in the last quarter. Finally, PGGM Investments bought a new stake in shares of SolarEdge Technologies in the 3rd quarter valued at approximately $24,438,000. Institutional investors and hedge funds own 95.10% of the company’s stock.

SolarEdge Technologies Price Performance

Shares of SolarEdge Technologies stock opened at $37.44 on Monday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.17 and a quick ratio of 1.48. The company has a market cap of $2.26 billion, a PE ratio of -5.44 and a beta of 1.62. The firm has a fifty day moving average price of $35.20 and a two-hundred day moving average price of $34.76. SolarEdge Technologies has a fifty-two week low of $11.00 and a fifty-two week high of $48.60.

SolarEdge Technologies (NASDAQ:SEDG) last posted its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 34.23% and a negative return on equity of 45.54%. The business’s revenue was up 70.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($3.52) EPS. Analysts expect that SolarEdge Technologies will post -4.54 EPS for the current year.

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.