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 – Get Free Report) 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
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.
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