SolarEdge Technologies (NASDAQ:SEDG) Announces Earnings Results

SolarEdge Technologies (NASDAQ:SEDG) released its quarterly earnings results on Wednesday. The semiconductor company reported ($3.97) earnings per share for the quarter, missing the consensus estimate of ($1.52) by ($2.45), Zacks reports. SolarEdge Technologies had a negative return on equity of 65.79% and a negative net margin of 158.19%. SolarEdge Technologies updated its Q1 2025 guidance to EPS.

SolarEdge Technologies Stock Up 3.5 %

SolarEdge Technologies stock opened at $16.93 on Wednesday. SolarEdge Technologies has a one year low of $10.24 and a one year high of $84.69. The stock’s 50 day moving average price is $14.30 and its 200 day moving average price is $17.27. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.34 and a quick ratio of 1.46.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SEDG. Roth Mkm dropped their price objective on SolarEdge Technologies from $20.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Morgan Stanley reiterated an “underweight” rating and set a $9.00 price target (down from $23.00) on shares of SolarEdge Technologies in a report on Friday, November 15th. Piper Sandler lowered shares of SolarEdge Technologies from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $17.00 to $9.00 in a research report on Thursday, November 7th. JPMorgan Chase & Co. lowered their target price on shares of SolarEdge Technologies from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group raised their price objective on SolarEdge Technologies from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Eight equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, SolarEdge Technologies has an average rating of “Hold” and an average target price of $20.84.

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.