SolarEdge Technologies (NASDAQ:SEDG) Upgraded at Morgan Stanley

Morgan Stanley upgraded shares of SolarEdge Technologies (NASDAQ:SEDG) from an underweight rating to an equal weight rating in a report released on Thursday, Marketbeat.com reports. They currently have $18.00 price objective on the semiconductor company’s stock, up from their previous price objective of $11.00.

Several other research firms have also recently weighed in on SEDG. Truist Financial cut their price objective on SolarEdge Technologies from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Thursday, January 16th. BMO Capital Markets cut their price target on SolarEdge Technologies from $21.00 to $12.00 and set a “market perform” rating for the company in a report on Thursday, November 7th. Roth Mkm cut their price target on SolarEdge Technologies from $20.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Bank of America cut SolarEdge Technologies from a “neutral” rating to an “underperform” rating and cut their price target for the company from $21.00 to $14.00 in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. cut their price target on SolarEdge Technologies from $21.00 to $19.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Nine investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $21.53.

SolarEdge Technologies Stock Performance

NASDAQ SEDG opened at $18.19 on Thursday. SolarEdge Technologies has a twelve month low of $10.24 and a twelve month high of $78.40. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.95 and a quick ratio of 1.46. The stock has a 50-day simple moving average of $14.50 and a 200 day simple moving average of $17.29.

Institutional Investors Weigh In On SolarEdge Technologies

A number of large investors have recently bought and sold shares of the business. Millstone Evans Group LLC bought a new position in SolarEdge Technologies in the 4th quarter valued at $27,000. Jones Financial Companies Lllp boosted its position in SolarEdge Technologies by 401.2% in the 4th quarter. Jones Financial Companies Lllp now owns 2,441 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 1,954 shares during the last quarter. Y.D. More Investments Ltd boosted its position in SolarEdge Technologies by 251.8% in the 4th quarter. Y.D. More Investments Ltd now owns 3,870 shares of the semiconductor company’s stock valued at $53,000 after buying an additional 2,770 shares during the last quarter. R Squared Ltd bought a new position in SolarEdge Technologies in the 4th quarter valued at $61,000. Finally, KBC Group NV boosted its position in SolarEdge Technologies by 95.8% in the 3rd quarter. KBC Group NV now owns 2,816 shares of the semiconductor company’s stock valued at $65,000 after buying 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.