Jefferies Financial Group Issues Positive Forecast for SolarEdge Technologies (NASDAQ:SEDG) Stock Price

SolarEdge Technologies (NASDAQ:SEDG) had its price objective hoisted by equities researchers at Jefferies Financial Group from $9.00 to $12.00 in a report issued on Friday,Benzinga reports. The firm currently has an “underperform” rating on the semiconductor company’s stock. Jefferies Financial Group’s price target would suggest a potential downside of 31.90% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Royal Bank of Canada raised their price objective on shares of SolarEdge Technologies from $14.00 to $15.00 and gave the stock a “sector perform” rating in a report on Thursday. BMO Capital Markets downgraded shares of SolarEdge Technologies from a “market perform” rating to an “underperform” rating and raised their price objective for the stock from $13.00 to $15.00 in a report on Thursday. Susquehanna raised their price objective on shares of SolarEdge Technologies from $13.00 to $17.00 and gave the stock a “neutral” rating in a report on Thursday. Citigroup reissued a “sell” rating and issued a $9.00 price objective (down previously from $12.00) on shares of SolarEdge Technologies in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group lifted their price target on shares of SolarEdge Technologies from $21.00 to $31.00 and gave the company a “buy” rating in a report on Thursday. Ten research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $21.65.

SolarEdge Technologies Stock Performance

SEDG opened at $17.62 on Friday. 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 company has a market cap of $1.02 billion, a price-to-earnings ratio of -0.56 and a beta of 1.56. The company’s 50 day moving average is $14.59 and its 200 day moving average is $17.20. SolarEdge Technologies has a 12-month low of $10.24 and a 12-month high of $78.40.

Institutional Investors Weigh In On SolarEdge Technologies

Large investors have recently bought and sold shares of the business. Millstone Evans Group LLC bought a new stake in SolarEdge Technologies in the fourth quarter worth $27,000. Jones Financial Companies Lllp increased its position in SolarEdge Technologies by 401.2% in the fourth quarter. Jones Financial Companies Lllp now owns 2,441 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 1,954 shares during the last quarter. Y.D. More Investments Ltd increased its position in SolarEdge Technologies by 251.8% in the fourth 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 during the last quarter. R Squared Ltd bought a new stake in SolarEdge Technologies in the fourth quarter worth $61,000. Finally, KBC Group NV increased its position in SolarEdge Technologies by 95.8% in the third quarter. KBC Group NV now owns 2,816 shares of the semiconductor company’s stock worth $65,000 after purchasing an additional 1,378 shares during the last quarter. Institutional investors 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.