SolarEdge Technologies (NASDAQ:SEDG) Posts Quarterly Earnings Results, Misses Expectations By $2.45 EPS

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) announced its quarterly earnings data on Wednesday. The semiconductor company reported ($3.97) EPS for the quarter, missing the consensus estimate of ($1.52) by ($2.45), Zacks reports. SolarEdge Technologies had a negative net margin of 192.13% and a negative return on equity of 95.05%. The business had revenue of $196.20 million during the quarter, compared to analysts' expectations of $189.23 million. During the same quarter in the previous year, the firm earned ($0.92) earnings per share. SolarEdge Technologies's revenue was down 37.9% on a year-over-year basis. SolarEdge Technologies updated its Q1 2025 guidance to EPS.

SolarEdge Technologies Trading Down 3.1 %

Shares of NASDAQ SEDG traded down $0.57 during trading hours on Friday, reaching $17.62. The stock had a trading volume of 4,963,562 shares, compared to its average volume of 4,896,799. 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 firm has a market cap of $1.02 billion, a price-to-earnings ratio of -0.56 and a beta of 1.56. The business's fifty day moving average price is $14.50 and its two-hundred day moving average price is $17.29. SolarEdge Technologies has a 52-week low of $10.24 and a 52-week high of $78.40.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. StockNews.com upgraded SolarEdge Technologies to a "sell" rating in a research report on Friday, November 8th. Barclays boosted their target price on SolarEdge Technologies from $7.00 to $10.00 and gave the stock an "underweight" rating in a research report on Tuesday, January 14th. Canaccord Genuity Group boosted their target price on SolarEdge Technologies from $18.00 to $19.00 and gave the stock a "hold" rating in a research report on Thursday. UBS Group boosted their target price on SolarEdge Technologies from $18.00 to $22.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Northland Capmk downgraded SolarEdge Technologies from a "hold" rating to a "strong sell" rating in a research report on Thursday. Ten 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 given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $21.65.

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.