SolarEdge Technologies (NASDAQ:SEDG) Lowered to “Under Perform” Rating by Northland Securities

SolarEdge Technologies (NASDAQ:SEDG) was downgraded by Northland Securities from a “market perform” rating to an “under perform” rating in a note issued to investors on Thursday,Briefing.com Automated Import reports. They presently have a $15.00 price objective on the semiconductor company’s stock. Northland Securities’ price target points to a potential downside of 23.59% from the company’s previous close.

A number of other research firms also recently weighed in on SEDG. Barclays increased their target price 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. Glj Research raised shares of SolarEdge Technologies from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Wells Fargo & Company reduced their price objective on shares of SolarEdge Technologies from $19.00 to $15.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. TD Cowen reduced their price objective on shares of SolarEdge Technologies from $16.00 to $11.00 and set a “hold” rating for the company in a research report on Thursday, November 7th. Finally, Piper Sandler downgraded shares of SolarEdge Technologies from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $17.00 to $9.00 in a research report on Thursday, November 7th. Nine research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $21.07.

SolarEdge Technologies Stock Performance

NASDAQ:SEDG opened at $19.63 on Thursday. The company has a market capitalization of $1.14 billion, a PE ratio of -0.68 and a beta of 1.56. The company has a 50 day simple moving average of $14.40 and a two-hundred day simple moving average of $17.29. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.46 and a current ratio of 2.34. SolarEdge Technologies has a fifty-two week low of $10.24 and a fifty-two week high of $84.69.

Institutional Investors Weigh In On SolarEdge Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PharVision Advisers LLC bought a new stake in SolarEdge Technologies in the 4th quarter valued at about $256,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of SolarEdge Technologies by 6.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 241,346 shares of the semiconductor company’s stock worth $3,282,000 after purchasing an additional 15,549 shares in the last quarter. Voloridge Investment Management LLC grew its holdings in shares of SolarEdge Technologies by 1.4% during the fourth quarter. Voloridge Investment Management LLC now owns 866,206 shares of the semiconductor company’s stock worth $11,780,000 after purchasing an additional 11,926 shares in the last quarter. Sphera Management Technology Funds Ltd purchased a new position in shares of SolarEdge Technologies during the fourth quarter worth about $816,000. Finally, Two Sigma Advisers LP grew its holdings in shares of SolarEdge Technologies by 1.6% during the fourth quarter. Two Sigma Advisers LP now owns 1,160,400 shares of the semiconductor company’s stock worth $15,781,000 after purchasing an additional 18,300 shares in the last quarter. 95.10% of the stock is currently owned by institutional investors.

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.