SolarEdge Technologies (NASDAQ:SEDG) Downgraded to “Strong Sell” Rating by Northland Capmk

Northland Capmk downgraded shares of SolarEdge Technologies (NASDAQ:SEDG) from a hold rating to a strong sell rating in a report published on Thursday,Zacks.com reports.

A number of other research firms also recently commented on SEDG. JPMorgan Chase & Co. dropped their price target on shares of SolarEdge Technologies from $21.00 to $19.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Susquehanna lifted their price objective on shares of SolarEdge Technologies from $13.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday. Morgan Stanley raised shares of SolarEdge Technologies from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $11.00 to $18.00 in a research note on Thursday. Barclays lifted their price objective on shares of SolarEdge Technologies from $7.00 to $10.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 14th. Finally, Wells Fargo & Company lowered their price objective on shares of SolarEdge Technologies from $19.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. Ten analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, SolarEdge Technologies currently has a consensus rating of “Hold” and an average price target of $21.53.

SolarEdge Technologies Stock Down 7.3 %

SEDG stock opened at $18.19 on Thursday. SolarEdge Technologies has a 52 week low of $10.24 and a 52 week high of $78.40. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of -0.58 and a beta of 1.56. The firm’s 50-day moving average is $14.50 and its two-hundred day moving average is $17.29. The company has a current ratio of 1.95, a quick ratio of 1.46 and a debt-to-equity ratio of 0.56.

Institutional Trading of SolarEdge Technologies

Institutional investors have recently added to or reduced their stakes in the business. Millstone Evans Group LLC acquired a new stake in SolarEdge Technologies in the fourth quarter valued at approximately $27,000. Jones Financial Companies Lllp lifted its stake in SolarEdge Technologies by 401.2% in the fourth quarter. Jones Financial Companies Lllp now owns 2,441 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 1,954 shares during the last quarter. Y.D. More Investments Ltd lifted its stake in SolarEdge Technologies by 251.8% in the fourth quarter. Y.D. More Investments Ltd now owns 3,870 shares of the semiconductor company’s stock valued at $53,000 after acquiring an additional 2,770 shares during the last quarter. R Squared Ltd acquired a new stake in SolarEdge Technologies in the fourth quarter valued at approximately $61,000. Finally, KBC Group NV lifted its stake in SolarEdge Technologies by 95.8% in the third quarter. KBC Group NV now owns 2,816 shares of the semiconductor company’s stock valued at $65,000 after acquiring an additional 1,378 shares during the last quarter. 95.10% of the stock is currently owned by institutional investors and hedge funds.

About SolarEdge Technologies

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.