SolarEdge Technologies (NASDAQ:SEDG) Shares Up 8% on Analyst Upgrade

SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s stock price rose 8% on Tuesday after Bank of America upgraded the stock from an underperform rating to a neutral rating. Bank of America now has a $40.00 price target on the stock, up from their previous price target of $17.00. SolarEdge Technologies traded as high as $37.86 and last traded at $37.3690. Approximately 1,465,827 shares changed hands during trading, a decline of 54% from the average daily volume of 3,183,100 shares. The stock had previously closed at $34.59.

Several other research analysts have also recently weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of SolarEdge Technologies in a research report on Monday, December 29th. Jefferies Financial Group restated an “underperform” rating on shares of SolarEdge Technologies in a research report on Wednesday, January 21st. UBS Group lowered their price target on shares of SolarEdge Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, March 2nd. Morgan Stanley lifted their price objective on SolarEdge Technologies from $33.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 19th. Finally, Raymond James Financial began coverage on SolarEdge Technologies in a research note on Tuesday, January 13th. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a Buy rating, seventeen have given a Hold rating and seven have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $27.68.

Institutional Investors Weigh In On SolarEdge Technologies

Hedge funds and other institutional investors have recently modified their holdings of the business. UBS Group AG boosted its position in SolarEdge Technologies by 234.8% during the 3rd quarter. UBS Group AG now owns 3,554,504 shares of the semiconductor company’s stock valued at $131,517,000 after acquiring an additional 2,492,776 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in SolarEdge Technologies by 612.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,448,643 shares of the semiconductor company’s stock worth $53,600,000 after buying an additional 1,245,445 shares during the last quarter. Menora Mivtachim Holdings LTD. increased its holdings in shares of SolarEdge Technologies by 213.4% in the second quarter. Menora Mivtachim Holdings LTD. now owns 1,490,637 shares of the semiconductor company’s stock valued at $30,409,000 after purchasing an additional 1,015,017 shares during the last quarter. Electron Capital Partners LLC lifted its holdings in SolarEdge Technologies by 107.8% in the third quarter. Electron Capital Partners LLC now owns 1,732,566 shares of the semiconductor company’s stock valued at $64,105,000 after acquiring an additional 898,802 shares during the last quarter. Finally, ION Fund Management Ltd purchased a new stake in SolarEdge Technologies in the fourth quarter valued at approximately $22,965,000. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

SolarEdge Technologies Stock Up 9.4%

The firm has a market cap of $2.28 billion, a PE ratio of -5.47 and a beta of 1.62. The business has a 50-day moving average price of $34.63 and a two-hundred day moving average price of $34.65. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.82.

SolarEdge Technologies (NASDAQ:SEDG) last released its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.05. SolarEdge Technologies had a negative net margin of 34.23% and a negative return on equity of 45.54%. The company had revenue of $333.80 million for the quarter, compared to analysts’ expectations of $330.33 million. During the same quarter last year, the company earned ($3.52) earnings per share. The firm’s revenue for the quarter was up 70.9% on a year-over-year basis. On average, equities research analysts expect that SolarEdge Technologies, Inc. will post -4.54 EPS for the current year.

About SolarEdge Technologies

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.