Piper Sandler Forecasts Strong Price Appreciation for SolarEdge Technologies (NASDAQ:SEDG) Stock

SolarEdge Technologies (NASDAQ:SEDG) had its price objective hoisted by analysts at Piper Sandler from $9.00 to $10.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “underweight” rating on the semiconductor company’s stock. Piper Sandler’s price objective would suggest a potential downside of 43.25% from the stock’s previous close.

SEDG has been the topic of several other reports. TD Cowen reduced their target price on SolarEdge Technologies from $16.00 to $11.00 and set a “hold” rating on the stock in a research note on Thursday, November 7th. Northland Securities downgraded shares of SolarEdge Technologies from a “market perform” rating to an “under perform” rating and set a $15.00 price objective on the stock. in a research report on Thursday. Truist Financial decreased their price objective on shares of SolarEdge Technologies from $15.00 to $14.00 and set a “hold” rating for the company in a report on Thursday, January 16th. Mizuho lowered shares of SolarEdge Technologies from an “outperform” rating to a “neutral” rating and cut their target price for the company from $35.00 to $11.00 in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group increased their price target on shares of SolarEdge Technologies from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, SolarEdge Technologies presently has an average rating of “Hold” and an average price target of $21.65.

SolarEdge Technologies Stock Down 3.1 %

Shares of NASDAQ:SEDG opened at $17.62 on Thursday. The stock’s 50-day moving average is $14.59 and its 200 day moving average is $17.24. The company has a market cap of $1.02 billion, a PE 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. SolarEdge Technologies has a 1 year low of $10.24 and a 1 year high of $78.40.

Institutional Trading of SolarEdge Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Millstone Evans Group LLC purchased a new stake in shares of SolarEdge Technologies during the fourth quarter valued at $27,000. Jones Financial Companies Lllp lifted 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 valued at $33,000 after acquiring an additional 1,954 shares during the period. Y.D. More Investments Ltd boosted its holdings in shares of 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 valued at $53,000 after acquiring an additional 2,770 shares during the last quarter. R Squared Ltd bought a new stake in shares of SolarEdge Technologies in the fourth quarter worth approximately $61,000. Finally, KBC Group NV raised its holdings 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 valued at $65,000 after purchasing an additional 1,378 shares during the last quarter. 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.