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

SolarEdge Technologies (NASDAQ:SEDG - Free Report) had its target price boosted by Susquehanna from $13.00 to $17.00 in a research report sent to investors on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the semiconductor company's stock.

Several other equities research analysts have also commented on the stock. Roth Mkm lowered their price target on shares of SolarEdge Technologies from $20.00 to $12.00 and set a "neutral" rating on the stock in a report on Thursday, November 7th. Canaccord Genuity Group upped their price target on shares of SolarEdge Technologies from $18.00 to $19.00 and gave the company a "hold" rating in a report on Thursday. BMO Capital Markets lowered shares of SolarEdge Technologies from a "market perform" rating to an "underperform" rating and upped their price target for the company from $13.00 to $15.00 in a report on Thursday. Truist Financial lowered their price target on shares of SolarEdge Technologies from $15.00 to $14.00 and set a "hold" rating on the stock in a report on Thursday, January 16th. Finally, Piper Sandler upped their price target on shares of SolarEdge Technologies from $9.00 to $10.00 and gave the company an "underweight" rating in a report on Thursday. Ten research analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, SolarEdge Technologies presently has a consensus rating of "Hold" and an average target price of $21.65.

SolarEdge Technologies Stock Performance

Shares of NASDAQ SEDG traded down $0.57 during mid-day trading on Thursday, hitting $17.62. The stock had a trading volume of 5,092,808 shares, compared to its average volume of 4,927,211. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.46 and a current ratio of 1.95. The company has a 50 day moving average of $14.59 and a two-hundred day moving average of $17.24. SolarEdge Technologies has a twelve month low of $10.24 and a twelve month high of $78.40. The firm has a market cap of $1.02 billion, a PE ratio of -0.56 and a beta of 1.56.

Institutional Trading of SolarEdge Technologies

A number of hedge funds have recently bought and sold shares of the business. PharVision Advisers LLC acquired a new stake in SolarEdge Technologies in the 4th quarter valued at about $256,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in SolarEdge Technologies by 6.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 241,346 shares of the semiconductor company's stock valued at $3,282,000 after acquiring an additional 15,549 shares during the last quarter. Voloridge Investment Management LLC raised its holdings in SolarEdge Technologies by 1.4% in the 4th quarter. Voloridge Investment Management LLC now owns 866,206 shares of the semiconductor company's stock valued at $11,780,000 after acquiring an additional 11,926 shares during the last quarter. Sphera Management Technology Funds Ltd acquired a new stake in SolarEdge Technologies in the 4th quarter valued at about $816,000. Finally, Two Sigma Advisers LP raised its holdings in SolarEdge Technologies by 1.6% in the 4th quarter. Two Sigma Advisers LP now owns 1,160,400 shares of the semiconductor company's stock valued at $15,781,000 after acquiring an additional 18,300 shares during the last quarter. Institutional investors and hedge funds 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.