SolarEdge Technologies (NASDAQ:SEDG) Stock Price Expected to Rise, Piper Sandler Analyst Says

SolarEdge Technologies (NASDAQ:SEDG) had its price target lifted by Piper Sandler from $9.00 to $10.00 in a research report report published on Thursday,Benzinga reports. The brokerage currently has an underweight rating on the semiconductor company’s stock.

Several other analysts also recently weighed in on the company. Truist Financial dropped their price target on SolarEdge Technologies from $15.00 to $14.00 and set a “hold” rating on the stock in a research note on Thursday, January 16th. Mizuho downgraded SolarEdge Technologies from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $35.00 to $11.00 in a research note on Thursday, November 7th. StockNews.com upgraded SolarEdge Technologies to a “sell” rating in a research note on Friday, November 8th. Canaccord Genuity Group boosted their price target on SolarEdge Technologies from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. dropped their price target on SolarEdge Technologies from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Ten analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $21.65.

SolarEdge Technologies Trading Down 3.1 %

Shares of NASDAQ:SEDG opened at $17.62 on Thursday. The business’s 50-day moving average is $14.59 and its 200 day moving average is $17.20. SolarEdge Technologies has a 1 year low of $10.24 and a 1 year high of $78.40. The firm has a market capitalization of $1.02 billion, a P/E ratio of -0.56 and a beta of 1.56. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.95 and a quick ratio of 1.46.

Hedge Funds Weigh In On SolarEdge Technologies

A number of hedge funds have recently bought and sold shares of the business. PharVision Advisers LLC purchased a new position in SolarEdge Technologies during the fourth quarter worth approximately $256,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in SolarEdge Technologies by 6.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 241,346 shares of the semiconductor company’s stock worth $3,282,000 after purchasing an additional 15,549 shares in the last quarter. Voloridge Investment Management LLC boosted its position in SolarEdge Technologies by 1.4% during the fourth quarter. Voloridge Investment Management LLC now owns 866,206 shares of the semiconductor company’s stock worth $11,780,000 after purchasing an additional 11,926 shares in the last quarter. Sphera Management Technology Funds Ltd acquired a new position in shares of SolarEdge Technologies during the fourth quarter valued at approximately $816,000. Finally, Two Sigma Advisers LP raised its holdings in shares of SolarEdge Technologies by 1.6% during the fourth quarter. Two Sigma Advisers LP now owns 1,160,400 shares of the semiconductor company’s stock valued at $15,781,000 after acquiring an additional 18,300 shares during the last quarter. Hedge funds and other institutional investors own 95.10% of the company’s stock.

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.