SolarEdge Technologies (NASDAQ:SEDG) Raised to “Buy” at TD Cowen

SolarEdge Technologies (NASDAQ:SEDG) was upgraded by stock analysts at TD Cowen from a “hold” rating to a “buy” rating in a report released on Friday. The brokerage currently has a $38.00 price objective on the semiconductor company’s stock. TD Cowen’s target price points to a potential upside of 25.58% from the stock’s previous close.

SEDG has been the subject of several other reports. Wells Fargo & Company dropped their price target on SolarEdge Technologies from $42.00 to $33.00 and set an “equal weight” rating for the company in a research note on Friday, December 19th. Citigroup decreased their target price on SolarEdge Technologies from $30.00 to $29.00 and set a “sell” rating for the company in a report on Thursday, December 18th. UBS Group raised their price target on shares of SolarEdge Technologies from $30.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, November 14th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of SolarEdge Technologies from $19.00 to $28.00 and gave the company a “hold” rating in a research report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of SolarEdge Technologies from $27.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. One analyst has rated the stock with a Buy rating, eighteen have assigned a Hold rating and nine have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $24.62.

SolarEdge Technologies Trading Down 0.9%

SEDG stock opened at $30.26 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.28 and a debt-to-equity ratio of 0.78. The company has a market cap of $1.81 billion, a price-to-earnings ratio of -3.13 and a beta of 1.66. The business has a fifty day simple moving average of $33.04 and a 200-day simple moving average of $31.72. SolarEdge Technologies has a 52 week low of $11.00 and a 52 week high of $48.60.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Accent Capital Management LLC acquired a new stake in SolarEdge Technologies during the 3rd quarter valued at $25,000. Whittier Trust Co. purchased a new position in SolarEdge Technologies in the 3rd quarter valued at about $27,000. Hantz Financial Services Inc. grew its stake in shares of SolarEdge Technologies by 352.5% during the third quarter. Hantz Financial Services Inc. now owns 733 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 571 shares in the last quarter. Saranac Partners Ltd purchased a new stake in shares of SolarEdge Technologies during the third quarter worth about $28,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of SolarEdge Technologies during the second quarter worth about $35,000. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

SolarEdge Technologies Company Profile

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.