SolarEdge Technologies (NASDAQ:SEDG) Given New $53.00 Price Target at Barclays

SolarEdge Technologies (NASDAQ:SEDG) had its price target upped by equities research analysts at Barclays from $41.00 to $53.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the semiconductor company’s stock. Barclays‘s price target would indicate a potential downside of 3.21% from the company’s current price.

Several other equities analysts have also commented on SEDG. TD Cowen increased their target price on SolarEdge Technologies from $43.00 to $85.00 and gave the company a “buy” rating in a report on Friday, May 29th. Wells Fargo & Company started coverage on SolarEdge Technologies in a report on Monday, June 29th. They set an “equal weight” rating and a $36.00 price target for the company. UBS Group upped their price objective on SolarEdge Technologies from $36.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Royal Bank Of Canada dropped their price objective on SolarEdge Technologies from $32.00 to $30.00 and set a “sector perform” rating on the stock in a report on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating on the stock in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Buy rating, fourteen have given a Hold rating and seven have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $36.94.

SolarEdge Technologies Stock Up 4.5%

Shares of SolarEdge Technologies stock opened at $54.76 on Friday. The company has a quick ratio of 1.36, a current ratio of 2.02 and a debt-to-equity ratio of 0.85. SolarEdge Technologies has a 52-week low of $23.01 and a 52-week high of $81.25. The company has a market capitalization of $3.33 billion, a P/E ratio of -8.93 and a beta of 1.45. The company has a 50 day moving average of $56.72 and a 200 day moving average of $44.67.

SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.20). SolarEdge Technologies had a negative net margin of 28.56% and a negative return on equity of 38.66%. The firm had revenue of $309.90 million during the quarter, compared to analysts’ expectations of $305.49 million. During the same period in the prior year, the company posted ($1.14) earnings per share. The company’s revenue for the quarter was up 41.5% on a year-over-year basis. As a group, research analysts forecast that SolarEdge Technologies will post -1.12 EPS for the current fiscal year.

Insider Activity at SolarEdge Technologies

In other news, Chairman More Avery sold 2,566 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $38.76, for a total value of $99,458.16. Following the completion of the sale, the chairman directly owned 295,379 shares of the company’s stock, valued at approximately $11,448,890.04. The trade was a 0.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.04% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. UBS Group AG lifted its stake in SolarEdge Technologies by 18.5% in 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 during the last quarter. Vanguard Group Inc. grew its position in shares of SolarEdge Technologies by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 3,368,073 shares of the semiconductor company’s stock worth $97,169,000 after acquiring an additional 175,582 shares during the last quarter. Invesco Ltd. increased its holdings in shares of SolarEdge Technologies by 28.6% in 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 during the period. Menora Mivtachim Holdings LTD. increased its holdings in shares of SolarEdge Technologies by 41.1% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 2,103,521 shares of the semiconductor company’s stock valued at $77,830,000 after acquiring an additional 612,884 shares during the period. Finally, Electron Capital Partners LLC raised its position 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 valued at $64,105,000 after purchasing an additional 898,802 shares during the last quarter. Hedge funds and other institutional investors own 95.10% of the company’s stock.

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.