Brokerages Set SolarEdge Technologies, Inc. (NASDAQ:SEDG) PT at $35.67

Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) have been assigned an average recommendation of “Reduce” from the twenty-three analysts that are currently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $35.6667.

Several equities research analysts have recently issued reports on SEDG shares. TD Cowen raised their price objective on SolarEdge Technologies from $43.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Jefferies Financial Group raised SolarEdge Technologies from an “underperform” rating to a “hold” rating and raised their price objective for the company from $30.00 to $49.00 in a research note on Friday, March 20th. Deutsche Bank Aktiengesellschaft lowered their price objective on SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating for the company in a research note on Thursday, May 7th. Bank of America raised SolarEdge Technologies from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $17.00 to $40.00 in a research note on Tuesday, March 10th. Finally, The Goldman Sachs Group reissued a “sell” rating and set a $31.00 price target (down from $36.00) on shares of SolarEdge Technologies in a research note on Wednesday, April 15th.

Insider Activity

In related news, Chairman More Avery sold 2,566 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $38.76, for a total transaction of $99,458.16. Following the completion of the sale, the chairman directly owned 295,379 shares of the company’s stock, valued at approximately $11,448,890.04. This trade represents a 0.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.04% of the company’s stock.

Institutional Investors Weigh In On SolarEdge Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of SEDG. Accent Capital Management LLC purchased a new position in SolarEdge Technologies during the 3rd quarter worth $25,000. State of Wyoming purchased a new position in SolarEdge Technologies during the 4th quarter worth $27,000. Saranac Partners Ltd purchased a new position in SolarEdge Technologies during the 3rd quarter worth $28,000. Rakuten Securities Inc. grew its stake in SolarEdge Technologies by 82.1% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the semiconductor company’s stock worth $28,000 after buying an additional 432 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in SolarEdge Technologies during the 4th quarter worth $31,000. 95.10% of the stock is owned by institutional investors.

SolarEdge Technologies Stock Performance

NASDAQ:SEDG opened at $52.37 on Wednesday. The company has a current ratio of 2.02, a quick ratio of 1.36 and a debt-to-equity ratio of 0.85. SolarEdge Technologies has a 12-month low of $16.16 and a 12-month high of $81.25. The stock has a 50-day moving average price of $54.01 and a 200 day moving average price of $42.66. The stock has a market capitalization of $3.19 billion, a P/E ratio of -8.54 and a beta of 1.42.

SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.20). SolarEdge Technologies had a negative net margin of 28.56% and a negative return on equity of 38.66%. The firm had revenue of $309.90 million for the quarter, compared to the consensus estimate of $305.49 million. During the same period in the previous year, the company posted ($1.14) earnings per share. SolarEdge Technologies’s quarterly revenue was up 41.5% on a year-over-year basis. Equities research analysts forecast that SolarEdge Technologies will post -1.12 EPS for the current fiscal year.

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.