SolarEdge Technologies (NASDAQ:SEDG) Hits New 52-Week High Following Analyst Upgrade

SolarEdge Technologies, Inc. (NASDAQ:SEDG) reached a new 52-week high during trading on Friday after Jefferies Financial Group upgraded the stock from an underperform rating to a hold rating. Jefferies Financial Group now has a $49.00 price target on the stock, up from their previous price target of $30.00. SolarEdge Technologies traded as high as $51.00 and last traded at $49.8520, with a volume of 853789 shares traded. The stock had previously closed at $45.66.

SEDG has been the topic of a number of other research reports. Morgan Stanley lifted their price target on SolarEdge Technologies from $33.00 to $40.00 and gave the company an “equal weight” rating in a report on Thursday, February 19th. Bank of America upgraded SolarEdge Technologies from an “underperform” rating to a “neutral” rating and raised their target price for the company from $17.00 to $40.00 in a research report on Tuesday, March 10th. Barclays lifted their target price on SolarEdge Technologies from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. The Goldman Sachs Group boosted their price target on SolarEdge Technologies from $32.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Finally, Raymond James Financial assumed coverage on SolarEdge Technologies in a research note on Tuesday, January 13th. They issued a “market perform” rating for the company. One research analyst has rated the stock with a Buy rating, eighteen have assigned a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $29.09.

Institutional Trading of SolarEdge Technologies

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

SolarEdge Technologies Stock Performance

The firm’s fifty day simple moving average is $36.23 and its 200 day simple moving average is $35.02. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of -7.29 and a beta of 1.62. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.17 and a quick ratio of 1.48.

SolarEdge Technologies (NASDAQ:SEDG) last released its quarterly earnings results on Wednesday, February 18th. The semiconductor company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.05. The business had revenue of $333.80 million for the quarter, compared to analyst estimates of $330.33 million. SolarEdge Technologies had a negative net margin of 34.23% and a negative return on equity of 45.54%. The firm’s revenue was up 70.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($3.52) earnings per share. On average, sell-side analysts forecast that SolarEdge Technologies, Inc. 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.