Analysts' ratings for SolarEdge Technologies SEDG over the last quarter vary from bullish to bearish, as provided by 21 analysts.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 2 | 13 | 1 | 3 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 1 | 0 |
| 2M Ago | 0 | 0 | 3 | 0 | 2 |
| 3M Ago | 1 | 2 | 9 | 0 | 1 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $79.28, a high estimate of $128.00, and a low estimate of $33.46. This current average represents a 32.82% decrease from the previous average price target of $118.01.
Analyzing Analyst Ratings: A Detailed Breakdown
The perception of SolarEdge Technologies by financial experts is analyzed through recent analyst actions. 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 |
|---|---|---|---|---|---|
| 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 |
| 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 |
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: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of SolarEdge Technologies compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for SolarEdge Technologies's future value. Examining the current and prior targets provides insight into analysts' changing 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.
Breaking Down SolarEdge Technologies's Financial Performance
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.
Negative Revenue Trend: Examining SolarEdge Technologies's financials over 3 months reveals challenges. As of 30 September, 2023, the company experienced a decline of approximately -13.32% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, 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 standards, pointing towards difficulties in achieving strong profitability. With a net margin of -8.43%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): SolarEdge Technologies's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -2.44%, 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 -1.31%, 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 0.29.
Understanding the Relevance 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 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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