SolarEdge Technologies (SEDG) – Research Analysts’ Recent Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of SolarEdge Technologies (NASDAQ: SEDG) in the last few weeks:

• 10/16/2024 – SolarEdge Technologies had its price target lowered by analysts at Susquehanna from $24.00 to $20.00. They now have a “neutral” rating on the stock.
• 10/15/2024 – SolarEdge Technologies had its price target lowered by analysts at Royal Bank of Canada from $35.00 to $25.00. They now have a “sector perform” rating on the stock.
• 10/14/2024 – SolarEdge Technologies had its price target lowered by analysts at BMO Capital Markets from $24.00 to $21.00. They now have a “market perform” rating on the stock.
• 10/11/2024 – SolarEdge Technologies had its price target lowered by analysts at Barclays PLC from $26.00 to $17.00. They now have an “underweight” rating on the stock.
• 10/10/2024 – SolarEdge Technologies had its price target lowered by analysts at Bank of America Co. from $22.00 to $21.00. They now have a “neutral” rating on the stock.
• 10/8/2024 – SolarEdge Technologies was downgraded by analysts at Glj Research from a “strong-buy” rating to a “strong sell” rating.
• 10/8/2024 – SolarEdge Technologies had its price target lowered by analysts at Morgan Stanley from $28.00 to $23.00. They now have an “equal weight” rating on the stock.
• 9/19/2024 – SolarEdge Technologies had its price target lowered by analysts at Mizuho from $40.00 to $35.00. They now have an “outperform” rating on the stock.
• 9/17/2024 – SolarEdge Technologies was downgraded by analysts at Jefferies Financial Group Inc. from a “hold” rating to an “underperform” rating. They now have a $17.00 price target on the stock, down previously from $27.00.
• 9/4/2024 – SolarEdge Technologies is now covered by analysts at Jefferies Financial Group Inc.. They set a “hold” rating and a $27.00 price target on the stock.
• 8/29/2024 – SolarEdge Technologies is now covered by analysts at William Blair. They set a “market perform” rating on the stock.
• 8/27/2024 – SolarEdge Technologies had its “hold” rating reaffirmed by analysts at Truist Financial Co.. They now have a $20.00 price target on the stock.

SolarEdge Technologies Price Performance

SEDG opened at $18.57 on Thursday. The firm’s fifty day moving average price is $21.90 and its two-hundred day moving average price is $36.37. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of -3.99 and a beta of 1.56. The company has a debt-to-equity ratio of 0.32, a current ratio of 5.10 and a quick ratio of 2.45. SolarEdge Technologies, Inc. has a 1 year low of $17.12 and a 1 year high of $130.38.

SolarEdge Technologies (NASDAQ:SEDG) last issued its quarterly earnings data on Wednesday, August 7th. The semiconductor company reported ($1.79) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($0.19). SolarEdge Technologies had a negative return on equity of 18.00% and a negative net margin of 33.86%. The firm had revenue of $265.41 million during the quarter, compared to the consensus estimate of $264.31 million. During the same period in the previous year, the company posted $2.06 earnings per share. The company’s revenue for the quarter was down 73.2% on a year-over-year basis. As a group, analysts anticipate that SolarEdge Technologies, Inc. will post -8.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of SolarEdge Technologies by 217.8% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 15,943 shares of the semiconductor company’s stock worth $1,492,000 after buying an additional 10,926 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in SolarEdge Technologies by 41.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 15,059 shares of the semiconductor company’s stock valued at $1,410,000 after acquiring an additional 4,413 shares during the last quarter. GAMMA Investing LLC grew its position in shares of SolarEdge Technologies by 90.0% during the 1st quarter. GAMMA Investing LLC now owns 610 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 289 shares during the period. Global Assets Advisory LLC bought a new position in shares of SolarEdge Technologies during the 1st quarter valued at approximately $5,062,000. Finally, Brookstone Capital Management purchased a new stake in shares of SolarEdge Technologies during the 1st quarter worth approximately $350,000. Hedge funds and other institutional investors own 95.10% of the company’s stock.

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.