SolarEdge Technologies, Inc. (NASDAQ:SEDG) Given Average Recommendation of “Reduce” by Analysts

SolarEdge Technologies, Inc. (NASDAQ:SEDG) has earned a consensus rating of “Reduce” from the eighteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $36.20.

SEDG has been the topic of a number of recent research reports. Glj Research reiterated a “sell” rating on shares of SolarEdge Technologies in a research note on Thursday, June 11th. The Goldman Sachs Group lowered their price target on shares of SolarEdge Technologies from $34.00 to $30.00 and set a “sell” rating for the company in a research report on Thursday, August 6th. Royal Bank Of Canada dropped their price objective on shares of SolarEdge Technologies from $30.00 to $24.00 and set a “sector perform” rating on the stock in a report on Thursday, August 6th. Barclays cut their price objective on shares of SolarEdge Technologies from $53.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating for the company in a research note on Thursday, May 7th.

SolarEdge Technologies Price Performance

Shares of NASDAQ:SEDG opened at $32.02 on Thursday. The company has a market cap of $1.97 billion, a PE ratio of -7.12 and a beta of 1.49. SolarEdge Technologies has a fifty-two week low of $24.38 and a fifty-two week high of $81.25. The firm has a 50-day simple moving average of $50.55 and a 200 day simple moving average of $46.71. The company has a quick ratio of 1.38, a current ratio of 2.03 and a debt-to-equity ratio of 0.85.

Institutional Trading of SolarEdge Technologies

Several hedge funds have recently added to or reduced their stakes in SEDG. Goldman Sachs Group Inc. raised its stake in shares of SolarEdge Technologies by 8.7% during the first quarter. Goldman Sachs Group Inc. now owns 997,962 shares of the semiconductor company’s stock valued at $16,147,000 after purchasing an additional 79,461 shares in the last quarter. First Trust Advisors LP grew its position in SolarEdge Technologies by 2.8% in 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 in the last quarter. The Manufacturers Life Insurance Company grew its position in SolarEdge Technologies by 4.6% in 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 in the last quarter. Bayesian Capital Management LP acquired a new position in SolarEdge Technologies during the 2nd quarter valued at about $206,000. Finally, Canada Pension Plan Investment Board acquired a new position in SolarEdge Technologies during the 2nd quarter valued at about $35,000. 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.