SolarEdge Technologies (NASDAQ:SEDG) Price Target Raised to $27.00

SolarEdge Technologies (NASDAQ:SEDG) had its target price hoisted by Morgan Stanley from $25.00 to $27.00 in a research note issued to investors on Thursday morning,MarketScreener reports. They currently have an underweight rating on the semiconductor company’s stock.

A number of other analysts have also commented on SEDG. Mizuho boosted their price target on SolarEdge Technologies from $18.00 to $29.00 and gave the company a “neutral” rating in a report on Monday, July 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of SolarEdge Technologies in a research report on Wednesday, October 8th. Wells Fargo & Company boosted their target price on SolarEdge Technologies from $15.00 to $24.00 and gave the company an “equal weight” rating in a research note on Friday, August 8th. The Goldman Sachs Group raised their price target on shares of SolarEdge Technologies from $27.00 to $31.00 and gave the stock a “neutral” rating in a research note on Thursday, September 11th. Finally, Oppenheimer reissued a “market perform” rating on shares of SolarEdge Technologies in a research report on Monday, August 11th. Eighteen equities research analysts have rated the stock with a Hold rating and ten have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $24.20.

SolarEdge Technologies Price Performance

NASDAQ SEDG opened at $40.00 on Thursday. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of -1.34 and a beta of 1.63. SolarEdge Technologies has a 52-week low of $10.24 and a 52-week high of $41.92. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.42 and a current ratio of 1.94. The business has a 50 day simple moving average of $35.98 and a 200 day simple moving average of $27.10.

SolarEdge Technologies (NASDAQ:SEDG) last issued its quarterly earnings data on Wednesday, November 5th. The semiconductor company reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.43) by $0.12. The company had revenue of $339.70 million during the quarter, compared to the consensus estimate of $331.13 million. SolarEdge Technologies had a negative net margin of 177.64% and a negative return on equity of 191.53%. The firm’s revenue was up 30.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($15.33) earnings per share. SolarEdge Technologies has set its Q4 2025 guidance at EPS. Analysts anticipate that SolarEdge Technologies will post -4.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SolarEdge Technologies

A number of institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its position in SolarEdge Technologies by 7.9% during the third quarter. PNC Financial Services Group Inc. now owns 7,269 shares of the semiconductor company’s stock worth $269,000 after acquiring an additional 530 shares in the last quarter. Public Sector Pension Investment Board increased its stake in shares of SolarEdge Technologies by 15.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 231,604 shares of the semiconductor company’s stock worth $8,569,000 after purchasing an additional 30,264 shares during the last quarter. Rhumbline Advisers increased its stake in shares of SolarEdge Technologies by 2.4% during the 3rd quarter. Rhumbline Advisers now owns 83,480 shares of the semiconductor company’s stock worth $3,089,000 after purchasing an additional 1,988 shares during the last quarter. Prospera Financial Services Inc bought a new stake in shares of SolarEdge Technologies in the 3rd quarter valued at about $752,000. Finally, Hantz Financial Services Inc. lifted its stake in SolarEdge Technologies by 352.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 733 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 571 shares during the last quarter. 95.10% of the stock is currently owned by institutional investors and hedge funds.

SolarEdge Technologies Company Profile

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.