Solaredge Technologies (NASDAQ:SEDG) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Several other equities analysts also recently commented on the company. Deutsche Bank downgraded Solaredge Technologies from a “buy” rating to a “hold” rating and set a $40.00 price target on the stock. in a report on Monday, November 27th. Zacks Investment Research upgraded shares of Solaredge Technologies from a “hold” rating to a “strong-buy” rating and set a $44.00 price objective on the stock in a research note on Tuesday, November 14th. JPMorgan Chase & Co. raised their price objective on shares of Solaredge Technologies to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, November 9th. BidaskClub downgraded shares of Solaredge Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 2nd. Finally, B. Riley upgraded shares of Solaredge Technologies from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $18.00 to $45.00 in a research note on Thursday, November 9th. Three analysts have rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $34.19.

Solaredge Technologies (SEDG) opened at $34.58 on Friday. Solaredge Technologies has a twelve month low of $12.30 and a twelve month high of $39.90. The company has a market capitalization of $1,487.17, a P/E ratio of 20.95, a price-to-earnings-growth ratio of 0.74 and a beta of 0.03.

Solaredge Technologies (NASDAQ:SEDG) last announced its quarterly earnings results on Wednesday, November 8th. The semiconductor company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.45 by $0.16. Solaredge Technologies had a return on equity of 22.07% and a net margin of 14.06%. equities research analysts expect that Solaredge Technologies will post 1.91 earnings per share for the current fiscal year.

In other Solaredge Technologies news, VP Meir Adest sold 4,700 shares of Solaredge Technologies stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $35.02, for a total transaction of $164,594.00. Following the sale, the vice president now owns 20,633 shares in the company, valued at $722,567.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Lior Handelsman sold 5,000 shares of Solaredge Technologies stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $36.25, for a total transaction of $181,250.00. Following the sale, the vice president now owns 177,950 shares in the company, valued at approximately $6,450,687.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 140,080 shares of company stock worth $5,298,559. 16.40% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of SEDG. Janus Henderson Group PLC boosted its stake in Solaredge Technologies by 435.7% during the second quarter. Janus Henderson Group PLC now owns 946,920 shares of the semiconductor company’s stock worth $18,932,000 after buying an additional 770,166 shares in the last quarter. Koch Industries Inc. acquired a new stake in Solaredge Technologies during the second quarter worth $265,000. Principal Financial Group Inc. acquired a new stake in Solaredge Technologies during the third quarter worth $7,611,000. Bank of New York Mellon Corp boosted its stake in Solaredge Technologies by 16.6% during the third quarter. Bank of New York Mellon Corp now owns 1,781,003 shares of the semiconductor company’s stock worth $50,849,000 after buying an additional 254,056 shares in the last quarter. Finally, DSAM Partners London Ltd acquired a new stake in Solaredge Technologies during the third quarter worth $5,984,000. Hedge funds and other institutional investors own 66.84% of the company’s stock.

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About Solaredge Technologies

SolarEdge Technologies, Inc offers an inverter solution for a solar photovoltaic (PV) system. The Company’s products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. Its product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Solaredge Technologies (NASDAQ:SEDG)

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