SolarEdge Technologies (NASDAQ:SEDG) Price Target Raised to $42.00 at Wells Fargo & Company

SolarEdge Technologies (NASDAQ:SEDG) had its price objective raised by equities researchers at Wells Fargo & Company from $24.00 to $42.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the semiconductor company’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 11.82% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Oppenheimer reissued a “market perform” rating on shares of SolarEdge Technologies in a report on Monday, August 11th. Mizuho raised their price target on shares of SolarEdge Technologies from $18.00 to $29.00 and gave the company a “neutral” rating in a report on Monday, July 14th. Barclays upped their price objective on SolarEdge Technologies from $29.00 to $36.00 and gave the stock an “equal weight” rating in a report on Thursday, October 9th. Roth Capital increased their price objective on SolarEdge Technologies from $15.00 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Finally, The Goldman Sachs Group upped their price target on SolarEdge Technologies from $27.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday, September 11th. Eighteen analysts have rated the stock with a Hold rating and ten have given a Sell rating to the company. According to data from MarketBeat, SolarEdge Technologies currently has a consensus rating of “Reduce” and a consensus price target of $24.20.

SolarEdge Technologies Price Performance

SEDG stock traded down $1.32 during trading on Friday, hitting $37.56. 2,958,085 shares of the stock traded hands, compared to its average volume of 4,666,230. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of -1.25 and a beta of 1.63. SolarEdge Technologies has a one year low of $10.24 and a one year high of $41.92. The company has a current ratio of 1.94, a quick ratio of 1.42 and a debt-to-equity ratio of 0.72. The company has a 50 day simple moving average of $35.85 and a 200 day simple moving average of $26.81.

SolarEdge Technologies (NASDAQ:SEDG) last released its quarterly earnings results on Wednesday, November 5th. The semiconductor company reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.12. SolarEdge Technologies had a negative return on equity of 191.53% and a negative net margin of 177.64%.The business had revenue of $339.70 million for the quarter, compared to analyst estimates of $331.13 million. During the same period in the prior year, the company earned ($15.33) EPS. SolarEdge Technologies’s revenue for the quarter was up 30.4% on a year-over-year basis. SolarEdge Technologies has set its Q4 2025 guidance at EPS. Equities analysts expect that SolarEdge Technologies will post -4.54 EPS for the current fiscal year.

Institutional Investors Weigh In On SolarEdge Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. lifted its stake in SolarEdge Technologies by 352.5% in the third 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 during the period. Whittier Trust Co. acquired a new stake in shares of SolarEdge Technologies in the 3rd quarter valued at approximately $27,000. Edmond DE Rothschild Holding S.A. boosted its stake in SolarEdge Technologies by 60.0% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 1,600 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 600 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in SolarEdge Technologies during the second quarter valued at approximately $35,000. Finally, Banque Cantonale Vaudoise acquired a new position in SolarEdge Technologies during the first quarter valued at 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.