SolarEdge Technologies (NASDAQ:SEDG) Upgraded to Hold at Jefferies Financial Group

SolarEdge Technologies (NASDAQ:SEDG) was upgraded by equities research analysts at Jefferies Financial Group from an “underperform” rating to a “hold” rating in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a $49.00 price objective on the semiconductor company’s stock, up from their prior price objective of $30.00. Jefferies Financial Group’s target price would indicate a potential upside of 7.31% from the company’s current price.

SEDG has been the topic of a number of other research reports. Bank of America upgraded SolarEdge Technologies from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $17.00 to $40.00 in a report on Tuesday, March 10th. Wells Fargo & Company increased their price target on shares of SolarEdge Technologies from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of SolarEdge Technologies from $35.00 to $33.00 and set a “hold” rating for the company in a report on Friday, February 20th. UBS Group cut their target price on shares of SolarEdge Technologies from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, March 2nd. Finally, Royal Bank Of Canada reduced their price target on shares of SolarEdge Technologies from $34.00 to $32.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 19th. One analyst has rated the stock with a Buy rating, eighteen have issued a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $29.09.

SolarEdge Technologies Trading Up 1.7%

Shares of SEDG opened at $45.66 on Friday. The stock’s fifty day simple moving average is $36.23 and its 200-day simple moving average is $35.02. The firm has a market capitalization of $2.76 billion, a PE ratio of -6.64 and a beta of 1.62. SolarEdge Technologies has a 12-month low of $11.00 and a 12-month high of $48.60. 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 announced its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.05. The firm had revenue of $333.80 million during the quarter, compared to analysts’ expectations of $330.33 million. SolarEdge Technologies had a negative return on equity of 45.54% and a negative net margin of 34.23%.The company’s quarterly revenue was up 70.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($3.52) EPS. As a group, research analysts predict that SolarEdge Technologies will post -4.54 earnings per share for the current year.

Institutional Investors Weigh In On SolarEdge Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its holdings in SolarEdge Technologies by 8.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 997,962 shares of the semiconductor company’s stock worth $16,147,000 after purchasing an additional 79,461 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of SolarEdge Technologies by 1.0% during the second quarter. Geode Capital Management LLC now owns 749,589 shares of the semiconductor company’s stock worth $15,295,000 after buying an additional 7,552 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of SolarEdge Technologies by 9.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,159 shares of the semiconductor company’s stock worth $309,000 after buying an additional 1,291 shares in the last quarter. Ensign Peak Advisors Inc raised its position in SolarEdge Technologies by 15.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 25,641 shares of the semiconductor company’s stock valued at $523,000 after buying an additional 3,350 shares during the last quarter. Finally, Entropy Technologies LP lifted its stake in SolarEdge Technologies by 89.0% in the 2nd quarter. Entropy Technologies LP now owns 69,406 shares of the semiconductor company’s stock valued at $1,416,000 after acquiring an additional 32,690 shares in the last quarter. 95.10% of the stock is currently owned by institutional investors and hedge funds.

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.