SolarEdge Technologies (NASDAQ:SEDG – Get Rating) had its price target boosted by Cowen from $309.00 to $360.00 in a research report sent to investors on Monday, MarketBeat Ratings reports. The brokerage currently has an outperform rating on the semiconductor company's stock.
Several other equities research analysts have also recently issued reports on the company. Wells Fargo & Company boosted their price target on SolarEdge Technologies from $283.00 to $306.00 and gave the company an overweight rating in a research note on Wednesday, November 9th. TheStreet cut SolarEdge Technologies from a b- rating to a c+ rating in a research note on Wednesday, September 28th. Cowen upped their target price on SolarEdge Technologies from $309.00 to $360.00 in a research note on Monday. Oppenheimer cut their target price on SolarEdge Technologies from $400.00 to $379.00 in a research note on Tuesday, November 8th. Finally, Northland Securities upgraded SolarEdge Technologies from an underperform rating to a market perform rating in a research note on Tuesday, November 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $342.40.
Get SolarEdge Technologies alerts:SolarEdge Technologies Price Performance
SolarEdge Technologies stock opened at $315.51 on Monday. The company has a current ratio of 3.53, a quick ratio of 2.72 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $17.64 billion, a price-to-earnings ratio of 155.42, a PEG ratio of 3.07 and a beta of 1.27. The stock's 50 day moving average is $252.35 and its 200-day moving average is $276.69. SolarEdge Technologies has a 12 month low of $190.15 and a 12 month high of $375.90.
Insider Activity at SolarEdge Technologies
In related news, VP Meir Adest sold 5,000 shares of the stock in a transaction on Monday, September 19th. The stock was sold at an average price of $307.75, for a total value of $1,538,750.00. Following the completion of the sale, the vice president now directly owns 162,248 shares in the company, valued at $49,931,822. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 12,500 shares of company stock worth $3,641,375 over the last three months. Company insiders own 1.17% of the company's stock.Institutional Trading of SolarEdge Technologies
Large investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC grew its holdings in SolarEdge Technologies by 79.2% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 95 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 42 shares during the period. Elequin Capital LP acquired a new stake in SolarEdge Technologies during the 1st quarter worth about $32,000. AllSquare Wealth Management LLC acquired a new stake in SolarEdge Technologies during the 2nd quarter worth about $27,000. First Horizon Advisors Inc. grew its holdings in SolarEdge Technologies by 274.1% during the 1st quarter. First Horizon Advisors Inc. now owns 101 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 74 shares during the period. Finally, Clear Street Markets LLC grew its holdings in SolarEdge Technologies by 431.8% during the 2nd quarter. Clear Street Markets LLC now owns 117 shares of the semiconductor company's stock worth $32,000 after acquiring an additional 95 shares during the period. 81.86% of the stock is currently owned by institutional investors and hedge funds.
SolarEdge Technologies Company Profile
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SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. It operates through five segments: Solar, Energy Storage, e-Mobility, Critical Power, and Automation Machines. The company offers inverters, power optimizers, communication devices, and smart energy management solutions used in residential, commercial, and small utility-scale solar installations; and a cloud-based monitoring platform that collects and processes information from the power optimizers and inverters, as well as monitors and manages the solar PV system.
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