SolarEdge Technologies (NASDAQ:SEDG) Price Target Raised to $19.00

SolarEdge Technologies (NASDAQ:SEDG) had its target price boosted by Canaccord Genuity Group from $18.00 to $19.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a hold rating on the semiconductor company’s stock.

A number of other equities analysts have also recently commented on the stock. Northland Securities cut shares of SolarEdge Technologies from a “market perform” rating to an “under perform” rating and set a $15.00 price target for the company. in a research note on Thursday. Glj Research raised SolarEdge Technologies from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. StockNews.com raised SolarEdge Technologies to a “sell” rating in a research note on Friday, November 8th. BMO Capital Markets downgraded SolarEdge Technologies from a “market perform” rating to an “underperform” rating and upped their price objective for the company from $13.00 to $15.00 in a research report on Thursday. Finally, Barclays lifted 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. Ten investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $21.65.

SolarEdge Technologies Stock Down 3.1 %

Shares of SEDG opened at $17.62 on Thursday. The company has a quick ratio of 1.46, a current ratio of 1.95 and a debt-to-equity ratio of 0.56. The business has a fifty day moving average of $14.59 and a 200 day moving average of $17.20. The company has a market cap of $1.02 billion, a PE ratio of -0.56 and a beta of 1.56. SolarEdge Technologies has a 52-week low of $10.24 and a 52-week high of $78.40.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Millstone Evans Group LLC purchased a new position in SolarEdge Technologies in the fourth quarter worth $27,000. Jones Financial Companies Lllp lifted its holdings in shares of 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 purchasing an additional 1,954 shares during the last quarter. Y.D. More Investments Ltd boosted its position in shares of 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 worth $53,000 after purchasing an additional 2,770 shares in the last quarter. R Squared Ltd purchased a new position in SolarEdge Technologies during the 4th quarter worth $61,000. Finally, KBC Group NV increased its position in SolarEdge Technologies by 95.8% during 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 in the last quarter. Institutional investors own 95.10% of the company’s stock.

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.