1 day Ago By ABMN Staff
SolarEdge Technologies ( NASDAQ:SEDG – Get Free Report ) was downgraded by stock analysts at Jefferies Financial Group from a “hold” rating to an “underperform” rating in a report released on Tuesday, Marketbeat Ratings reports. They currently have a $17.00 price objective on the semiconductor company’s stock, down from their prior price objective of $27.
00. Jefferies Financial Group’s price objective points to a potential downside of 21.62% from the stock’s previous close.
Several other analysts have also recently weighed in on the company. Royal Bank of Canada dropped their price objective on SolarEdge Technologies from $37.00 to $35.
00 and set a “sector perform” rating for the company in a report on Thursday, August 8th. Wells Fargo & Company lowered their price target on SolarEdge Technologies from $62.00 to $29.
00 and set an “equal weight” rating for the company in a research note on Tuesday, July 2nd. DZ Bank cut SolarEdge Technologies from a “hold” rating to a “sell” rating and set a $24.00 price target for the company.
in a research note on Wednesday, July 17th. Roth Mkm lowered their price target on SolarEdge Technologies from $27.00 to $23.
00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Finally, William Blair began coverage on SolarEdge Technologies in a research note on Thursday, August 29th. They issued a “market perform” rating for the company.
Five investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $51.
23. Check Out Our Latest Analysis on SolarEdge Technologies SolarEdge Technologies Stock Down 3.7 % SolarEdge Technologies ( NASDAQ:SEDG – Get Free Report ) last issued its quarterly earnings results on Wednesday, August 7th.
The semiconductor company reported ($1.79) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($0.
19). The company had revenue of $265.41 million for the quarter, compared to analyst estimates of $264.
31 million. SolarEdge Technologies had a negative return on equity of 18.00% and a negative net margin of 33.
86%. The firm’s quarterly revenue was down 73.2% on a year-over-year basis.
During the same quarter last year, the company earned $2.06 EPS. On average, analysts anticipate that SolarEdge Technologies will post -8.
67 EPS for the current year. Hedge Funds Weigh In On SolarEdge Technologies Large investors have recently bought and sold shares of the company. Swedbank AB acquired a new stake in shares of SolarEdge Technologies in the first quarter valued at about $261,312,000.
Vanguard Group Inc. increased its stake in shares of SolarEdge Technologies by 2.8% in the first quarter.
Vanguard Group Inc. now owns 2,347,396 shares of the semiconductor company’s stock valued at $166,618,000 after buying an additional 62,942 shares during the period. Quarry LP acquired a new stake in shares of SolarEdge Technologies in the second quarter valued at about $36,627,000.
Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of SolarEdge Technologies by 0.3% in the second quarter.
Harel Insurance Investments & Financial Services Ltd. now owns 1,010,729 shares of the semiconductor company’s stock valued at $25,531,000 after buying an additional 2,795 shares during the period. Finally, Marshall Wace LLP increased its stake in shares of SolarEdge Technologies by 425.
1% in the second quarter. Marshall Wace LLP now owns 555,959 shares of the semiconductor company’s stock valued at $14,044,000 after buying an additional 450,081 shares during the period. 95.
10% of the stock is currently owned by institutional investors. SolarEdge Technologies Company Profile ( Get Free Report ) 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.
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