SolarEdge Technologies (NASDAQ:SEDG) Price Target Raised to $17.00 at Susquehanna

SolarEdge Technologies (NASDAQ:SEDGFree Report) had its price target boosted by Susquehanna from $13.00 to $17.00 in a research report released on Thursday,Benzinga reports. Susquehanna currently has a neutral rating on the semiconductor company’s stock.

A number of other equities analysts have also commented on the stock. Roth Mkm cut their price objective on shares of SolarEdge Technologies from $20.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. BMO Capital Markets lowered shares of SolarEdge Technologies from a “market perform” rating to an “underperform” rating and raised their price objective for the company from $13.00 to $15.00 in a research report on Thursday. Barclays raised their price objective on shares of SolarEdge Technologies from $7.00 to $10.00 and gave the company an “underweight” rating in a research report on Tuesday, January 14th. TD Cowen lowered their target price on shares of SolarEdge Technologies from $16.00 to $11.00 and set a “hold” rating on the stock in a research note on Thursday, November 7th. Finally, Truist Financial lowered their target price on shares of SolarEdge Technologies from $15.00 to $14.00 and set a “hold” rating on the stock in a research note on Thursday, January 16th. Nine equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, SolarEdge Technologies currently has a consensus rating of “Hold” and a consensus target price of $21.53.

Get Our Latest Stock Analysis on SEDG

SolarEdge Technologies Stock Down 7.3 %

SEDG stock opened at $18.19 on Thursday. The firm has a 50 day moving average of $14.50 and a 200-day moving average of $17.29. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.46 and a current ratio of 1.95. SolarEdge Technologies has a 12 month low of $10.24 and a 12 month high of $78.40.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SEDG. International Assets Investment Management LLC increased its stake in shares of SolarEdge Technologies by 2,191.0% in the third quarter. International Assets Investment Management LLC now owns 25,407 shares of the semiconductor company’s stock worth $582,000 after buying an additional 24,298 shares during the period. Assenagon Asset Management S.A. boosted its holdings in SolarEdge Technologies by 56.6% in the third quarter. Assenagon Asset Management S.A. now owns 309,623 shares of the semiconductor company’s stock valued at $7,093,000 after acquiring an additional 111,944 shares in the last quarter. E. Ohman J or Asset Management AB boosted its holdings in SolarEdge Technologies by 109.3% in the third quarter. E. Ohman J or Asset Management AB now owns 373,581 shares of the semiconductor company’s stock valued at $8,559,000 after acquiring an additional 195,085 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in SolarEdge Technologies by 9.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,000 shares of the semiconductor company’s stock valued at $694,000 after acquiring an additional 2,500 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in SolarEdge Technologies in the third quarter valued at $1,495,000. 95.10% of the stock is owned by hedge funds and other institutional investors.

SolarEdge Technologies Company Profile

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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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Analyst Recommendations for SolarEdge Technologies (NASDAQ:SEDG)

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