In the latest quarter, 30 analysts provided ratings for SolarEdge Technologies SEDG, showcasing a mix of bullish and bearish perspectives.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 3 | 22 | 1 | 2 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 1 | 7 | 0 | 0 |
| 2M Ago | 0 | 2 | 6 | 0 | 1 |
| 3M Ago | 2 | 0 | 8 | 1 | 1 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $47.6, a high estimate of $84.00, and a low estimate of $25.00. Highlighting a 26.66% decrease, the current average has fallen from the previous average price target of $64.90.
Interpreting Analyst Ratings: A Closer Look
The standing of SolarEdge Technologies among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below 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 |
|---|---|---|---|---|---|
| Jordan Levy | Truist Securities | Lowers | Hold | $28.00 | $60.00 |
| Philip Shen | Roth MKM | Lowers | Neutral | $27.00 | $55.00 |
| Kashy Harrison | Piper Sandler | Raises | Neutral | $29.00 | $25.00 |
| Julien Dumoulin-Smith | B of A Securities | Raises | Neutral | $31.00 | $29.00 |
| Mark Strouse | JP Morgan | Raises | Overweight | $50.00 | $49.00 |
| Biju Perincheril | Susquehanna | Lowers | Neutral | $36.00 | $56.00 |
| Chris Dendrinos | RBC Capital | Maintains | Sector Perform | $37.00 | $37.00 |
| Chris Dendrinos | RBC Capital | Lowers | Sector Perform | $37.00 | $71.00 |
| Julien Dumoulin-Smith | B of A Securities | Announces | Neutral | $29.00 | - |
| Michael Blum | Wells Fargo | Lowers | Equal-Weight | $29.00 | $62.00 |
| Brian Lee | Goldman Sachs | Lowers | Sell | $25.00 | $49.00 |
| Kashy Harrison | Piper Sandler | Lowers | Neutral | $25.00 | $53.00 |
| Andrew Percoco | Morgan Stanley | Lowers | Equal-Weight | $41.00 | $83.00 |
| Tristan Richardson | Scotiabank | Lowers | Sector Perform | $46.00 | $72.00 |
| Austin Moeller | Canaccord Genuity | Lowers | Hold | $38.00 | $58.00 |
| Mark Strouse | JP Morgan | Lowers | Overweight | $49.00 | $59.00 |
| Mark Strouse | JP Morgan | Lowers | Overweight | $59.00 | $73.00 |
| Chris Dendrinos | RBC Capital | Maintains | Sector Perform | $71.00 | $71.00 |
| Praneeth Satish | Wells Fargo | Lowers | Equal-Weight | $62.00 | $81.00 |
| Biju Perincheril | Susquehanna | Lowers | Neutral | $56.00 | $92.00 |
| Corinne Blanchard | Deutsche Bank | Lowers | Hold | $55.00 | $75.00 |
| Maheep Mandloi | Mizuho | Lowers | Buy | $84.00 | $104.00 |
| 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 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to SolarEdge Technologies. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of SolarEdge Technologies compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of SolarEdge Technologies's stock. This analysis reveals shifts in analysts' expectations over time.
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.
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Delving into SolarEdge Technologies's Background
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: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. 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 March, 2024, the company experienced a decline of approximately -78.34%. 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 is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -76.96%, the company may face hurdles in effective cost management.
Return on Equity (ROE): SolarEdge Technologies's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -6.76%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): SolarEdge Technologies's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -3.59%, the company may face hurdles in achieving optimal financial returns.
Debt Management: SolarEdge Technologies's debt-to-equity ratio is below the industry average at 0.33, reflecting a lower dependency on debt financing and a more conservative financial approach.
The Basics of Analyst Ratings
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
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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