SolarEdge Technologies (NASDAQ:SEDG) Upgraded to “Equal Weight” at Morgan Stanley

Morgan Stanley upgraded shares of SolarEdge Technologies (NASDAQ:SEDG) from an underweight rating to an equal weight rating in a research report sent to investors on Thursday, MarketBeat.com reports. They currently have $18.00 target price on the semiconductor company’s stock, up from their previous target price of $11.00.

Several other equities analysts have also recently issued reports on the company. StockNews.com upgraded SolarEdge Technologies to a “sell” rating in a research report on Friday, November 8th. Susquehanna lowered their price target on SolarEdge Technologies from $20.00 to $11.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Barclays lifted their price target on SolarEdge Technologies from $7.00 to $10.00 and gave the company an “underweight” rating in a research report on Tuesday, January 14th. Mizuho cut SolarEdge Technologies from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $35.00 to $11.00 in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. decreased their target price on SolarEdge Technologies from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Nine research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, SolarEdge Technologies presently has a consensus rating of “Hold” and an average target price of $21.53.

SolarEdge Technologies Trading Down 7.3 %

Shares of SolarEdge Technologies stock opened at $18.19 on Thursday. SolarEdge Technologies has a 1-year low of $10.24 and a 1-year high of $78.40. The business’s fifty day moving average price is $14.50 and its two-hundred day moving average price is $17.29. The company has a quick ratio of 1.46, a current ratio of 1.95 and a debt-to-equity ratio of 0.56.

Institutional Trading of SolarEdge Technologies

Several large investors have recently made changes to their positions in SEDG. International Assets Investment Management LLC boosted its stake in shares of SolarEdge Technologies by 2,191.0% during the 3rd quarter. International Assets Investment Management LLC now owns 25,407 shares of the semiconductor company’s stock worth $582,000 after acquiring an additional 24,298 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of SolarEdge Technologies by 56.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 309,623 shares of the semiconductor company’s stock worth $7,093,000 after acquiring an additional 111,944 shares in the last quarter. E. Ohman J or Asset Management AB boosted its stake in shares of SolarEdge Technologies by 109.3% during the 3rd quarter. E. Ohman J or Asset Management AB now owns 373,581 shares of the semiconductor company’s stock worth $8,559,000 after acquiring an additional 195,085 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of SolarEdge Technologies by 9.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,000 shares of the semiconductor company’s stock worth $694,000 after acquiring an additional 2,500 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of SolarEdge Technologies during the 3rd quarter worth about $1,495,000. Institutional investors own 95.10% of the company’s stock.

SolarEdge Technologies Company Profile

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.