36 analysts have expressed a variety of opinions on SolarEdge Technologies SEDG over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 9 | 18 | 1 | 3 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 2 | 0 | 1 |
| 2M Ago | 1 | 0 | 3 | 0 | 2 |
| 3M Ago | 3 | 9 | 13 | 1 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for SolarEdge Technologies, presenting an average target of $115.72, a high estimate of $275.00, and a low estimate of $33.46. This current average has decreased by 39.55% from the previous average price target of $191.42.
Understanding Analyst Ratings: A Comprehensive Breakdown
A clear picture of SolarEdge Technologies's perception among financial experts is painted 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 |
|---|---|---|---|---|---|
| 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 |
| Gordon Johnson | GLJ Research | Lowers | Sell | $34.42 | $35.55 |
| Praneeth Satish | Wells Fargo | Lowers | Equal-Weight | $82.00 | $190.00 |
| Philip Shen | Roth MKM | Lowers | Neutral | $60.00 | $100.00 |
| Brian Lee | Goldman Sachs | Lowers | Neutral | $77.00 | $131.00 |
| Mark Strouse | JP Morgan | Lowers | Overweight | $90.00 | $215.00 |
| Biju Perincheril | Susquehanna | Lowers | Positive | $128.00 | $186.00 |
| Vikram Bagri | Citigroup | Lowers | Neutral | $77.00 | $187.00 |
| Moses Sutton | Exane BNP Paribas | Announces | Neutral | $71.00 | - |
| Brian Lee | Goldman Sachs | Lowers | Neutral | $77.00 | $131.00 |
| Ameet Thakkar | BMO Capital | Announces | Market Perform | $68.00 | - |
| Jordan Levy | Truist Securities | Lowers | Hold | $70.00 | $120.00 |
| Jordan Levy | Truist Securities | Lowers | Buy | $120.00 | $180.00 |
| Ameet Thakkar | BMO Capital | Lowers | Outperform | $111.00 | $216.00 |
| Brian Lee | Goldman Sachs | Lowers | Neutral | $131.00 | $254.00 |
| Kashy Harrison | Piper Sandler | Lowers | Overweight | $110.00 | $210.00 |
| Martin Malloy | Johnson Rice | Lowers | Hold | $140.00 | $300.00 |
| Vikram Bagri | Citigroup | Lowers | Buy | $187.00 | $248.00 |
| Michael Blum | Wells Fargo | Lowers | Overweight | $190.00 | $253.00 |
| Julien Dumoulin-Smith | B of A Securities | Announces | Underperform | $65.00 | - |
| Moses Sutton | Exane BNP Paribas | Announces | Outperform | $140.00 | - |
| Brian Lee | Goldman Sachs | Lowers | Neutral | $131.00 | $254.00 |
| Philip Shen | Roth MKM | Lowers | Neutral | $100.00 | $280.00 |
| Corinne Blanchard | Deutsche Bank | Lowers | Hold | $150.00 | $300.00 |
| Mark Strouse | JP Morgan | Lowers | Overweight | $275.00 | $299.00 |
| J.B. Lowe | Citigroup | Lowers | Buy | $248.00 | $330.00 |
| Andrew Percoco | Morgan Stanley | Lowers | Equal-Weight | $176.00 | $240.00 |
| Kashy Harrison | Piper Sandler | Lowers | Overweight | $210.00 | $325.00 |
| Gus Richard | Northland Capital Markets | Announces | Outperform | $147.00 | - |
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: 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 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.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of SolarEdge Technologies's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on SolarEdge Technologies analyst ratings.
About 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. Additionally, the company has nonsolar products targeting energy storage and e-mobility.
A Deep Dive into SolarEdge Technologies's Financials
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 30 September, 2023, the company experienced a decline of approximately -13.32%. This indicates 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 lags behind industry averages, suggesting 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 lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -2.44%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): SolarEdge Technologies's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -1.31%, the company may encounter challenges in delivering 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.
Analyst Ratings: What Are They?
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.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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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