SolarEdge Technologies (NASDAQ:SEDG) Price Target Raised to $34.00 at Royal Bank Of Canada

SolarEdge Technologies (NASDAQ:SEDG) had its price target lifted by Royal Bank Of Canada from $25.00 to $34.00 in a research report released on Thursday, Marketbeat.com reports. The brokerage currently has a sector perform rating on the semiconductor company’s stock.

Other analysts have also issued research reports about the company. Roth Capital boosted their price target on SolarEdge Technologies from $15.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft lifted their target price on SolarEdge Technologies from $19.00 to $28.00 and gave the company a “hold” rating in a research report on Wednesday, October 1st. The Goldman Sachs Group increased their price target on SolarEdge Technologies from $27.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. Guggenheim raised their price target on SolarEdge Technologies from $5.00 to $7.00 and gave the company a “sell” rating in a research note on Monday, August 25th. Finally, TD Cowen lifted their price objective on SolarEdge Technologies from $26.00 to $34.00 and gave the company a “hold” rating in a report on Thursday. Eighteen research analysts have rated the stock with a Hold rating and ten have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $24.20.

SolarEdge Technologies Trading Up 2.9%

Shares of NASDAQ SEDG traded up $1.12 during mid-day trading on Thursday, reaching $40.00. The company had a trading volume of 5,163,923 shares, compared to its average volume of 4,677,139. 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 business’s 50-day moving average is $35.85 and its 200-day moving average is $26.81. The company has a current ratio of 1.94, a quick ratio of 1.42 and a debt-to-equity ratio of 0.72.

SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly earnings data on Wednesday, November 5th. The semiconductor company reported ($0.31) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.12. The company had revenue of $339.70 million during the quarter, compared to analyst estimates 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 for the quarter was up 30.4% on a year-over-year basis. During the same quarter last year, the business posted ($15.33) EPS. SolarEdge Technologies has set its Q4 2025 guidance at EPS. Equities analysts expect that SolarEdge Technologies will post -4.54 earnings per share for the current year.

Institutional Investors Weigh In On SolarEdge Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Edmond DE Rothschild Holding S.A. grew its stake in SolarEdge Technologies by 60.0% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 1,600 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 600 shares during the last quarter. Whittier Trust Co. purchased a new stake in shares of SolarEdge Technologies during the third quarter valued at about $27,000. Hantz Financial Services Inc. boosted its holdings in shares of 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 buying an additional 571 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of SolarEdge Technologies in the 1st quarter worth approximately $35,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of SolarEdge Technologies in the 2nd quarter worth approximately $35,000. Institutional investors own 95.10% of the company’s stock.

About SolarEdge Technologies

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.