SolarEdge Technologies SEDG has been analyzed by 17 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 2 | 11 | 1 | 1 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 2 | 1 | 9 | 0 | 0 |
| 3M Ago | 0 | 0 | 1 | 1 | 1 |
Analysts have recently evaluated SolarEdge Technologies and provided 12-month price targets. The average target is $83.82, accompanied by a high estimate of $133.00 and a low estimate of $50.00. Highlighting a 11.52% decrease, the current average has fallen from the previous average price target of $94.73.
Diving into Analyst Ratings: An In-Depth Exploration
The analysis of recent analyst actions sheds light on the perception of SolarEdge Technologies by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Biju Perincheril | Susquehanna | Lowers | Positive | $92.00 | $97.00 |
| Kashy Harrison | Piper Sandler | Lowers | Neutral | $73.00 | $77.00 |
| Jordan Levy | Truist Securities | Lowers | Hold | $75.00 | $80.00 |
| Praneeth Satish | Wells Fargo | Lowers | Equal-Weight | $81.00 | $91.00 |
| Maheep Mandloi | Mizuho | Lowers | Buy | $106.00 | $119.00 |
| Tristan Richardson | Scotiabank | Lowers | Sector Perform | $90.00 | $93.00 |
| Vikram Bagri | Citigroup | Lowers | Neutral | $83.00 | $89.00 |
| Biju Perincheril | Susquehanna | Lowers | Positive | $97.00 | $107.00 |
| Ameet Thakkar | BMO Capital | Lowers | Market Perform | $80.00 | $85.00 |
| Chris Dendrinos | RBC Capital | Lowers | Sector Perform | $77.00 | $85.00 |
| Kashy Harrison | Piper Sandler | Lowers | Neutral | $77.00 | $105.00 |
| Austin Moeller | Canaccord Genuity | Maintains | Hold | $75.00 | - |
| Chris Dendrinos | RBC Capital | Announces | Sector Perform | $85.00 | - |
| Christopher Souther | B. Riley Securities | Lowers | Buy | $133.00 | $166.00 |
| Brian Lee | Goldman Sachs | Lowers | Sell | $71.00 | $83.00 |
| Jordan Levy | Truist Securities | Raises | Hold | $80.00 | $70.00 |
| Christine Cho | Barclays | Lowers | Underweight | $50.00 | $74.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to SolarEdge Technologies. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of SolarEdge Technologies compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for SolarEdge Technologies's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of SolarEdge Technologies's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on SolarEdge Technologies analyst ratings.
Unveiling the Story Behind SolarEdge Technologies
SolarEdge Technologies designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations. The company system consists of power optimizers, inverters, and cloud-based monitoring platform and addresses a broad range of solar market segments, from residential solar installations to commercial and small utility-scale solar installations. The company sells its products directly to solar installers, engineering, procurement, and construction firms and indirectly to solar installers through distributors and electrical equipment wholesalers.
SolarEdge Technologies's Economic Impact: An Analysis
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Challenges: SolarEdge Technologies's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately -64.52%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: SolarEdge Technologies's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -51.38%, the company may face hurdles in effective cost management.
Return on Equity (ROE): SolarEdge Technologies's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -6.62%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): SolarEdge Technologies's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -3.52%, the company may face hurdles in achieving optimal financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.3.
How Are Analyst Ratings Determined?
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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