UBS Group Increases SolarEdge Technologies (NASDAQ:SEDG) Price Target to $22.00

SolarEdge Technologies (NASDAQ:SEDG) had its price objective upped by UBS Group from $18.00 to $22.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the semiconductor company’s stock. UBS Group’s price target would indicate a potential upside of 24.86% from the company’s previous close.

A number of other equities research analysts have also commented on the company. Piper Sandler raised their price target on SolarEdge Technologies from $9.00 to $10.00 and gave the stock an “underweight” rating in a research report on Thursday. Guggenheim raised SolarEdge Technologies from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. Susquehanna dropped their price target on SolarEdge Technologies from $20.00 to $11.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Roth Mkm dropped their price target on SolarEdge Technologies from $20.00 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Finally, StockNews.com upgraded SolarEdge Technologies to a “sell” rating in a report on Friday, November 8th. Ten investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.65.

SolarEdge Technologies Trading Down 3.1 %

NASDAQ:SEDG opened at $17.62 on Thursday. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -0.56 and a beta of 1.56. The company has a current ratio of 1.95, a quick ratio of 1.46 and a debt-to-equity ratio of 0.56. The business’s 50-day moving average price is $14.59 and its two-hundred day moving average price is $17.24. SolarEdge Technologies has a 1-year low of $10.24 and a 1-year high of $78.40.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Millstone Evans Group LLC acquired a new position in SolarEdge Technologies during the 4th quarter worth approximately $27,000. Jones Financial Companies Lllp raised its stake in SolarEdge Technologies by 401.2% during the 4th quarter. Jones Financial Companies Lllp now owns 2,441 shares of the semiconductor company’s stock worth $33,000 after buying an additional 1,954 shares during the period. Y.D. More Investments Ltd raised its stake in SolarEdge Technologies by 251.8% during the 4th quarter. Y.D. More Investments Ltd now owns 3,870 shares of the semiconductor company’s stock worth $53,000 after buying an additional 2,770 shares during the period. R Squared Ltd acquired a new position in SolarEdge Technologies during the 4th quarter worth approximately $61,000. Finally, KBC Group NV raised its stake in SolarEdge Technologies by 95.8% during the 3rd quarter. KBC Group NV now owns 2,816 shares of the semiconductor company’s stock worth $65,000 after buying an additional 1,378 shares during the period. 95.10% of the stock is owned by institutional investors and hedge funds.

SolarEdge Technologies Company Profile

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.