In the preceding three months, 26 analysts have released ratings for SolarEdge Technologies SEDG, presenting a wide array 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 | 4 | 2 | 17 | 2 | 1 |
| Last 30D | 0 | 0 | 0 | 1 | 0 |
| 1M Ago | 3 | 0 | 7 | 1 | 1 |
| 2M Ago | 0 | 1 | 1 | 0 | 0 |
| 3M Ago | 1 | 1 | 9 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $76.38, along with a high estimate of $124.00 and a low estimate of $44.00. This current average represents a 10.42% decrease from the previous average price target of $85.26.
Investigating Analyst Ratings: An Elaborate Study
An in-depth analysis of recent analyst actions unveils how financial experts perceive SolarEdge Technologies. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Julien Dumoulin-Smith | B of A Securities | Lowers | Underperform | $44.00 | $54.00 |
| Austin Moeller | Canaccord Genuity | Lowers | Hold | $58.00 | $75.00 |
| Vikram Bagri | Citigroup | Lowers | Neutral | $71.00 | $83.00 |
| Chris Dendrinos | RBC Capital | Lowers | Sector Perform | $71.00 | $74.00 |
| Jeffrey Osborne | TD Cowen | Lowers | Buy | $80.00 | $85.00 |
| Ameet Thakkar | BMO Capital | Lowers | Market Perform | $56.00 | $73.00 |
| Philip Shen | Roth MKM | Lowers | Neutral | $55.00 | $60.00 |
| Brian Lee | Goldman Sachs | Lowers | Sell | $49.00 | $64.00 |
| Philip Shen | Roth MKM | Lowers | Neutral | $60.00 | $76.00 |
| Christopher Souther | B. Riley Securities | Lowers | Buy | $124.00 | $133.00 |
| Maheep Mandloi | Mizuho | Lowers | Buy | $104.00 | $106.00 |
| Markus Leistner | DZ Bank | Announces | Hold | $62.00 | - |
| Christine Cho | Barclays | Raises | Underweight | $61.00 | $50.00 |
| 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 | - |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to SolarEdge Technologies. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of SolarEdge Technologies compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of SolarEdge Technologies's stock. This comparison reveals trends in analysts' expectations over time.
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.
Get to Know SolarEdge Technologies Better
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: A Financial Overview
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Negative Revenue Trend: Examining SolarEdge Technologies's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -64.52% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in 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 is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -6.62%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -3.52%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: SolarEdge Technologies's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.3.
Analyst Ratings: What Are They?
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
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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