Citigroup Issues Pessimistic Forecast for SolarEdge Technologies (NASDAQ:SEDG) Stock Price

SolarEdge Technologies (NASDAQ:SEDGGet Free Report) had its price target dropped by equities research analysts at Citigroup from $30.00 to $27.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “sell” rating on the semiconductor company’s stock. Citigroup’s target price would indicate a potential downside of 34.62% from the stock’s current price.

A number of other analysts have also recently commented on the company. Royal Bank Of Canada lowered their price target on SolarEdge Technologies from $32.00 to $30.00 and set a “sector perform” rating for the company in a research report on Thursday. UBS Group lowered their price target on SolarEdge Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, March 2nd. JPMorgan Chase & Co. lifted their price target on SolarEdge Technologies from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Deutsche Bank Aktiengesellschaft lowered their price target on SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating for the company in a research report on Thursday. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and set a $31.00 price target (down from $36.00) on shares of SolarEdge Technologies in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a Buy rating, sixteen have given a Hold rating and seven have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $30.40.

Check Out Our Latest Stock Report on SEDG

SolarEdge Technologies Stock Up 7.0%

NASDAQ:SEDG opened at $41.30 on Thursday. The company has a market cap of $2.51 billion, a PE ratio of -6.74 and a beta of 1.18. SolarEdge Technologies has a twelve month low of $13.73 and a twelve month high of $53.75. The company has a current ratio of 2.02, a quick ratio of 1.48 and a debt-to-equity ratio of 0.85. The company’s 50 day moving average is $42.79 and its two-hundred day moving average is $37.22.

SolarEdge Technologies (NASDAQ:SEDGGet Free Report) last released its earnings results on Wednesday, May 6th. The semiconductor company reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.20). The company had revenue of $309.90 million for the quarter, compared to analysts’ expectations of $305.49 million. SolarEdge Technologies had a negative return on equity of 38.66% and a negative net margin of 28.56%.The firm’s revenue for the quarter was up 41.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($1.14) EPS. Analysts anticipate that SolarEdge Technologies will post -0.94 EPS for the current year.

Hedge Funds Weigh In On SolarEdge Technologies

A number of institutional investors have recently modified their holdings of SEDG. Goldman Sachs Group Inc. raised its stake in shares of SolarEdge Technologies by 8.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 997,962 shares of the semiconductor company’s stock valued at $16,147,000 after buying an additional 79,461 shares during the last quarter. First Trust Advisors LP raised its stake in shares of SolarEdge Technologies by 2.8% during the 2nd quarter. First Trust Advisors LP now owns 560,585 shares of the semiconductor company’s stock valued at $11,436,000 after buying an additional 15,333 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of SolarEdge Technologies by 4.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,023 shares of the semiconductor company’s stock valued at $327,000 after buying an additional 700 shares during the last quarter. Bayesian Capital Management LP purchased a new position in shares of SolarEdge Technologies during the 2nd quarter valued at about $206,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of SolarEdge Technologies during the 2nd quarter valued at about $35,000. Hedge funds and other institutional investors own 95.10% of the company’s stock.

SolarEdge Technologies News Roundup

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

About SolarEdge Technologies

(Get Free Report)

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.

Further Reading

Analyst Recommendations for SolarEdge Technologies (NASDAQ:SEDG)

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