Solaredge Technologies (NASDAQ:SEDG) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

Several other equities analysts also recently issued reports on the stock. Credit Suisse Group began coverage on shares of Solaredge Technologies in a report on Monday. They set a “neutral” rating and a $43.00 price target for the company. ValuEngine downgraded shares of Solaredge Technologies from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. Zacks Investment Research raised shares of Solaredge Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, February 19th. Cascend Securities raised shares of Solaredge Technologies from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Thursday, January 31st. Finally, JMP Securities downgraded shares of Solaredge Technologies from a “market perform” rating to an “underperform” rating and set a $31.00 price target for the company. in a report on Thursday, January 17th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. Solaredge Technologies presently has a consensus rating of “Hold” and an average target price of $52.36.

SEDG stock opened at $36.79 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.00 and a quick ratio of 2.38. Solaredge Technologies has a 1-year low of $32.42 and a 1-year high of $70.74. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 13.68, a price-to-earnings-growth ratio of 0.67 and a beta of 0.20.

Solaredge Technologies (NASDAQ:SEDG) last released its earnings results on Wednesday, February 20th. The semiconductor company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.29). Solaredge Technologies had a net margin of 13.75% and a return on equity of 25.33%. The business had revenue of $263.67 million for the quarter, compared to the consensus estimate of $249.68 million. During the same quarter in the previous year, the firm earned $0.85 EPS. The firm’s revenue for the quarter was up 39.3% on a year-over-year basis. Equities research analysts predict that Solaredge Technologies will post 2.54 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in SEDG. Oregon Public Employees Retirement Fund acquired a new position in shares of Solaredge Technologies during the fourth quarter valued at $130,000. BlackRock Inc. boosted its holdings in shares of Solaredge Technologies by 15.7% during the third quarter. BlackRock Inc. now owns 4,290,970 shares of the semiconductor company’s stock valued at $161,555,000 after acquiring an additional 582,451 shares during the period. Norges Bank acquired a new stake in Solaredge Technologies in the fourth quarter worth about $13,951,000. Vanguard Group Inc lifted its holdings in Solaredge Technologies by 21.1% in the third quarter. Vanguard Group Inc now owns 1,910,830 shares of the semiconductor company’s stock worth $71,943,000 after purchasing an additional 332,393 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Solaredge Technologies by 21.1% in the third quarter. Vanguard Group Inc. now owns 1,910,830 shares of the semiconductor company’s stock worth $71,943,000 after purchasing an additional 332,393 shares during the period. 82.09% of the stock is owned by institutional investors.

Solaredge Technologies Company Profile

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in Israel, the United States, the Netherlands, Europe, and internationally. The company's DC optimized inverter systems include power optimizers and inverters, as well as a cloud-based monitoring platform.

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Analyst Recommendations for Solaredge Technologies (NASDAQ:SEDG)

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