SolarEdge Technologies (NASDAQ:SEDG) Earns Equal Weight Rating from Analysts at Wells Fargo & Company

Research analysts at Wells Fargo & Company assumed coverage on shares of SolarEdge Technologies (NASDAQ:SEDG) in a report released on Monday. The firm set an “equal weight” rating and a $36.00 price target on the semiconductor company’s stock. Wells Fargo & Company‘s price target would suggest a potential downside of 30.05% from the stock’s previous close.

Several other brokerages have also recently weighed in on SEDG. UBS Group boosted their price objective on shares of SolarEdge Technologies from $36.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Barclays raised their price objective on shares of SolarEdge Technologies from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Royal Bank Of Canada cut their target price on shares of SolarEdge Technologies from $32.00 to $30.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 7th. The Goldman Sachs Group reiterated a “sell” rating and set a $31.00 price objective (down from $36.00) on shares of SolarEdge Technologies in a report on Wednesday, April 15th. Finally, Weiss Ratings raised SolarEdge Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $35.67.

SolarEdge Technologies Price Performance

Shares of SolarEdge Technologies stock traded down $0.29 during trading on Monday, reaching $51.46. 94,906 shares of the company’s stock were exchanged, compared to its average volume of 3,599,787. SolarEdge Technologies has a 1-year low of $19.73 and a 1-year high of $81.25. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.36 and a current ratio of 2.02. The firm’s 50-day moving average price is $54.59 and its 200 day moving average price is $43.09. The company has a market cap of $3.13 billion, a P/E ratio of -8.46 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 during the quarter, compared to the consensus estimate of $305.49 million. During the same quarter in the previous year, the company posted ($1.14) earnings per share. The firm’s revenue was up 41.5% on a year-over-year basis. As a group, research analysts anticipate that SolarEdge Technologies will post -1.12 earnings per share for the current year.

Insider Activity

In related news, Chairman More Avery sold 2,566 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $38.76, for a total value of $99,458.16. Following the transaction, the chairman directly owned 295,379 shares of the company’s stock, valued at approximately $11,448,890.04. The trade was a 0.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.04% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SolarEdge Technologies

Several large investors have recently added to or reduced their stakes in the company. State of Wyoming bought a new stake in shares of SolarEdge Technologies during the fourth quarter valued at about $27,000. Saranac Partners Ltd purchased a new stake in shares of SolarEdge Technologies in the 3rd quarter valued at $28,000. Rakuten Securities Inc. increased its holdings in shares of SolarEdge Technologies by 82.1% in the fourth 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 period. Kestra Advisory Services LLC bought a new position in shares of SolarEdge Technologies in the fourth quarter worth approximately $31,000. Finally, Canada Pension Plan Investment Board bought a new stake in SolarEdge Technologies in the 2nd quarter worth $35,000. Hedge funds and other institutional investors own 95.10% of the company’s stock.

About SolarEdge Technologies

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.