TD Cowen Increases SolarEdge Technologies (NASDAQ:SEDG) Price Target to $85.00

SolarEdge Technologies (NASDAQ:SEDG) had its price target upped by analysts at TD Cowen from $43.00 to $85.00 in a research report issued to clients and investors on Friday. The brokerage currently has a “buy” rating on the semiconductor company’s stock. TD Cowen’s target price suggests a potential upside of 16.14% from the company’s current price.

SEDG has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft cut their price target on shares of SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating for the company in a report on Thursday, May 7th. Glj Research restated a “sell” rating on shares of SolarEdge Technologies in a report on Monday, May 18th. Citigroup decreased their price objective on shares of SolarEdge Technologies from $30.00 to $27.00 and set a “sell” rating on the stock in a report on Thursday, May 7th. Morgan Stanley upped their price objective on shares of SolarEdge Technologies from $33.00 to $40.00 and gave the stock an “equal weight” rating in a report on Thursday, February 19th. Finally, Susquehanna upped their price objective on shares of SolarEdge Technologies from $37.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, April 9th. One research analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and seven have given a Sell rating to the stock. Based on data from MarketBeat, SolarEdge Technologies presently has a consensus rating of “Reduce” and a consensus target price of $33.25.

SolarEdge Technologies Stock Down 0.1%

Shares of NASDAQ SEDG opened at $73.19 on Friday. The company has a 50 day simple moving average of $48.39 and a 200-day simple moving average of $39.24. The company has a market capitalization of $4.45 billion, a P/E ratio of -11.94 and a beta of 1.18. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.02 and a quick ratio of 1.36. SolarEdge Technologies has a 1 year low of $13.73 and a 1 year high of $75.73.

SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.20). The firm had revenue of $309.90 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 41.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.14) EPS. On average, equities research analysts predict that SolarEdge Technologies will post -1.12 earnings per share for the current year.

Insiders Place Their Bets

In other SolarEdge Technologies news, Chairman More Avery sold 2,566 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $38.76, for a total transaction of $99,458.16. Following the sale, the chairman directly owned 295,379 shares in the company, valued at $11,448,890.04. This represents a 0.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.71% of the stock is currently owned by insiders.

Institutional Trading of SolarEdge Technologies

A number of large investors have recently modified their holdings of the stock. UBS Group AG boosted its holdings in SolarEdge Technologies by 234.8% in the third quarter. UBS Group AG now owns 3,554,504 shares of the semiconductor company’s stock valued at $131,517,000 after purchasing an additional 2,492,776 shares during the period. Electron Capital Partners LLC raised its position in SolarEdge Technologies by 107.8% in the 3rd quarter. Electron Capital Partners LLC now owns 1,732,566 shares of the semiconductor company’s stock valued at $64,105,000 after purchasing an additional 898,802 shares in the last quarter. Meitav Investment House Ltd. raised its position in SolarEdge Technologies by 541.6% in the 1st quarter. Meitav Investment House Ltd. now owns 1,017,551 shares of the semiconductor company’s stock valued at $51,946,000 after purchasing an additional 858,954 shares in the last quarter. ION Fund Management Ltd purchased a new position in shares of SolarEdge Technologies in the 4th quarter valued at about $22,965,000. Finally, Handelsbanken Fonder AB purchased a new position in shares of SolarEdge Technologies in the 3rd quarter valued at about $24,348,000. Hedge funds and other institutional investors own 95.10% of the company’s stock.

SolarEdge Technologies Company Profile

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.