13 analysts have shared their evaluations of SolarEdge Technologies SEDG during the recent three months, expressing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 0 | 6 | 1 | 3 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 0 | 1 | 1 | 1 |
| 2M Ago | 1 | 0 | 1 | 0 | 1 |
| 3M Ago | 1 | 0 | 3 | 0 | 1 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $86.11, with a high estimate of $133.00 and a low estimate of $33.46. Highlighting a 10.26% decrease, the current average has fallen from the previous average price target of $95.95.
Interpreting Analyst Ratings: A Closer Look
In examining recent analyst actions, we gain insights into 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 |
|---|---|---|---|---|---|
| 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 |
| Maheep Mandloi | Mizuho | Raises | Buy | $119.00 | $108.00 |
| Kashy Harrison | Piper Sandler | Lowers | Neutral | $105.00 | $110.00 |
| Brian Lee | Goldman Sachs | Announces | Sell | $77.00 | - |
| Philip Shen | Roth MKM | Raises | Neutral | $80.00 | $60.00 |
| Gordon Johnson | GLJ Research | Lowers | Sell | $33.46 | $35.55 |
| Vikram Bagri | Citigroup | Raises | Neutral | $89.00 | $77.00 |
| Maheep Mandloi | Mizuho | Announces | Buy | $108.00 | - |
| Andrew Percoco | Morgan Stanley | Lowers | Equal-Weight | $89.00 | $176.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to SolarEdge Technologies. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of SolarEdge Technologies compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for SolarEdge Technologies's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
For valuable insights into SolarEdge Technologies's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on SolarEdge Technologies analyst ratings.
Discovering SolarEdge Technologies: A Closer Look
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. Additionally, the company has nonsolar products targeting energy storage and e-mobility.
Unraveling the Financial Story of SolarEdge Technologies
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.
Decline in Revenue: Over the 3 months period, SolarEdge Technologies faced challenges, resulting in a decline of approximately -13.32% in revenue growth as of 30 September, 2023. This signifies a reduction in the company's 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 is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -8.43%, 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 -2.44%, 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 -1.31%, 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 the industry average at 0.29, reflecting a lower dependency on debt financing and a more conservative financial approach.
The Significance of Analyst Ratings Explained
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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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