SolarEdge Technologies (NASDAQ:SEDG) Price Target Raised to $15.00

SolarEdge Technologies (NASDAQ:SEDG) had its target price boosted by Royal Bank of Canada from $14.00 to $15.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a sector perform rating on the semiconductor company’s stock.

Several other equities analysts also recently commented on SEDG. Citigroup reiterated a “sell” rating and set a $9.00 price target (down from $12.00) on shares of SolarEdge Technologies in a report on Wednesday, January 8th. BMO Capital Markets cut SolarEdge Technologies from a “market perform” rating to an “underperform” rating and upped their target price for the company from $13.00 to $15.00 in a research note on Thursday. Susquehanna reduced their price target on SolarEdge Technologies from $20.00 to $11.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Guggenheim upgraded SolarEdge Technologies from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. Finally, StockNews.com raised SolarEdge Technologies to a “sell” rating in a research report on Friday, November 8th. Ten equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $21.65.

SolarEdge Technologies Stock Down 3.1 %

NASDAQ SEDG opened at $17.62 on Thursday. The company has a quick ratio of 1.46, a current ratio of 1.95 and a debt-to-equity ratio of 0.56. SolarEdge Technologies has a 52 week low of $10.24 and a 52 week high of $78.40. 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 fifty day moving average of $14.59 and a two-hundred day moving average of $17.20.

Hedge Funds Weigh In On SolarEdge Technologies

A number of large investors have recently added to or reduced their stakes in SEDG. Millstone Evans Group LLC bought a new stake in shares of SolarEdge Technologies in the 4th quarter valued at about $27,000. Jones Financial Companies Lllp raised its stake in shares of 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 acquiring an additional 1,954 shares in the last quarter. Y.D. More Investments Ltd lifted its position in 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 valued at $53,000 after acquiring an additional 2,770 shares during the last quarter. R Squared Ltd acquired a new stake in SolarEdge Technologies in the fourth quarter valued at approximately $61,000. Finally, KBC Group NV grew its holdings in SolarEdge Technologies by 95.8% in the third quarter. KBC Group NV now owns 2,816 shares of the semiconductor company’s stock worth $65,000 after purchasing an additional 1,378 shares during the last quarter. 95.10% of the stock is currently owned by institutional investors.

About SolarEdge Technologies

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.