SolarEdge Technologies (NASDAQ:SEDG) Price Target Cut to $25.00 by Analysts at The Goldman Sachs Group

SolarEdge Technologies (NASDAQ:SEDG) had its target price decreased by investment analysts at The Goldman Sachs Group from $29.00 to $25.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “sell” rating on the semiconductor company’s stock. The Goldman Sachs Group‘s target price would indicate a potential downside of 2.66% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Morgan Stanley decreased their price target on shares of SolarEdge Technologies from $35.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Friday, September 11th. Wall Street Zen upgraded shares of SolarEdge Technologies from a “sell” rating to a “hold” rating in a research note on Sunday. UBS Group raised shares of SolarEdge Technologies from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $36.00 to $42.00 in a report on Wednesday, August 26th. Royal Bank Of Canada increased their target price on shares of SolarEdge Technologies from $24.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Friday, September 11th. Finally, Barclays lowered their target price on shares of SolarEdge Technologies from $37.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 7th. Two analysts have rated the stock with a Buy rating, eleven have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $38.13.

SolarEdge Technologies Stock Performance

SEDG traded down $4.34 during trading on Thursday, hitting $25.68. The stock had a trading volume of 4,006,420 shares, compared to its average volume of 3,362,225. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.03 and a quick ratio of 1.38. The company has a 50 day moving average price of $32.91 and a 200-day moving average price of $42.18. SolarEdge Technologies has a one year low of $25.25 and a one year high of $81.25. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of -5.65 and a beta of 1.31.

SolarEdge Technologies (NASDAQ:SEDG) last posted its quarterly earnings data on Wednesday, November 4th. The semiconductor company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.25. SolarEdge Technologies had a negative return on equity of 29.17% and a negative net margin of 20.29%. The firm had revenue of $325.40 million for the quarter, compared to analysts’ expectations of $326.78 million. During the same quarter last year, the business earned ($0.31) EPS. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. As a group, research analysts predict that SolarEdge Technologies will post -1.21 EPS for the current year.

Institutional Investors Weigh In On SolarEdge Technologies

A number of large investors have recently bought and sold shares of SEDG. Allworth Financial LP bought a new position in SolarEdge Technologies in the 2nd quarter valued at about $31,000. Nykredit A S acquired a new stake in shares of SolarEdge Technologies during the 2nd quarter worth approximately $36,000. Public Employees Retirement System of Ohio bought a new position in SolarEdge Technologies in the second quarter valued at approximately $72,000. State of Wyoming increased its stake in SolarEdge Technologies by 32.9% in the first quarter. State of Wyoming now owns 1,237 shares of the semiconductor company’s stock valued at $63,000 after acquiring an additional 306 shares during the last quarter. Finally, EFG International AG acquired a new position in SolarEdge Technologies during the second quarter valued at approximately $123,000. 95.10% of the stock is currently owned by institutional investors and hedge funds.

Key SolarEdge Technologies News

Here are the key news stories impacting SolarEdge Technologies this week:

• Positive Sentiment: SolarEdge reported third-quarter earnings of $0.29 per share, above analyst estimates, and said revenue of about $326 million was in line with its guidance. Analysts also cited improved gross margins and positive cash flow. SolarEdge Q3 results
• Negative Sentiment: The company’s fourth-quarter outlook points to reduced revenue expectations amid persistent demand challenges. Third-quarter revenue was down 4.2% year over year and slightly below consensus, tempering the earnings beat. Q3 earnings and outlook
• Negative Sentiment: Susquehanna lowered its price target from $32 to $31 while maintaining a neutral rating, signaling limited analyst conviction despite the target remaining above the recent share price. Susquehanna ratings
• Negative Sentiment: Solar stocks broadly rallied after Democrats won control of Congress, but SolarEdge bucked the sector move, suggesting company-specific concerns outweighed improved clean-energy sentiment. Solar stocks and election reaction

SolarEdge Technologies Company Profile

SolarEdge Technologies, Inc (NASDAQ: SEDG) develops technologies for solar energy generation, storage and management. Its core products include power optimizers, solar inverters and monitoring systems designed to improve the performance, visibility and safety of photovoltaic installations.

The company also offers complementary smart-energy solutions, including battery storage, electric-vehicle charging equipment, energy-management software and related products for residential, commercial and industrial customers.