SolarEdge Technologies (NASDAQ:SEDG) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

SolarEdge Technologies (NASDAQ:SEDG) had its price objective boosted by research analysts at Royal Bank of Canada from $14.00 to $15.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “sector perform” rating on the semiconductor company’s stock. Royal Bank of Canada’s target price would suggest a potential downside of 14.87% from the stock’s previous close.

SEDG has been the subject of a number of other research reports. TD Cowen dropped their price objective on shares of SolarEdge Technologies from $16.00 to $11.00 and set a “hold” rating for the company in a research note on Thursday, November 7th. UBS Group upped their price objective on shares of SolarEdge Technologies from $18.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday. Glj Research raised shares of SolarEdge Technologies from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Susquehanna dropped their price objective on shares of SolarEdge Technologies from $20.00 to $11.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Finally, Roth Mkm dropped their price objective on shares of SolarEdge Technologies from $20.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Ten equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $21.65.

SolarEdge Technologies Trading Down 3.1 %

Shares of SEDG stock opened at $17.62 on Thursday. SolarEdge Technologies has a twelve month low of $10.24 and a twelve month high of $78.40. The firm has a 50-day moving average price of $14.59 and a 200 day moving average price of $17.24. 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 company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -0.56 and a beta of 1.56.

Institutional Trading of SolarEdge Technologies

Hedge funds have recently made changes to their positions in the stock. Millstone Evans Group LLC acquired a new stake in shares of SolarEdge Technologies during the fourth quarter worth approximately $27,000. Jones Financial Companies Lllp grew its position in shares of SolarEdge Technologies by 401.2% during the fourth 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 in the last quarter. KBC Group NV grew its position in shares of SolarEdge Technologies by 95.8% during the third 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 in the last quarter. Y.D. More Investments Ltd grew its position in shares of SolarEdge Technologies by 251.8% during the fourth 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 in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of SolarEdge Technologies during the fourth quarter worth approximately $61,000. Institutional investors and hedge funds 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.