Latest news with #SolarEdgeTechnologies
CNBC
3 days ago
- Business
- CNBC
JPMorgan downgrades this solar stock after a massive move higher in recent months
SolarEdge Technologies may have moved too high, too fast, according to JPMorgan. The firm downgraded shares of the company to neutral from overweight but upped its price target to $23 from $18. That updated target still calls for about 14% downside from Monday's close. The stock has been on a monster rally as of late, gaining more than 110% in the past three months and more than 96% year to date. This month alone, SolarEdge is up about 31%. "Given SEDG's outperformance since May 1 (up 109% vs coverage average up 33%), we are downgrading to Neutral and look for pullbacks or signs of stronger than expected market share gain and/or margin expansion to add to positions," analyst Mark Strouse wrote in a Tuesday note. SEDG 3M mountain SEDG, 3-month To be sure, while the analyst is stepping to the sidelines now, he anticipates that the name will ultimately be able to move higher long term thanks in part to its "relatively higher" exposure to the lease and power purchase agreement (PPA) market. "SEDG's 45x manufacturing credits are unchanged from the [Inflation Reduction Act], and tax credit transferability rules are also unchanged, meaning that SEDG should likely continue its cadence of quarterly transfers," Strouse also wrote. "We believe the larger driver for the stock will be the new management's focus on efficiency and [stock-keeping unit] rationalization, for which we are encouraged by initial progress, though it is still early." Strouse's move now puts him in the majority of analysts on Wall Street with a neutral view of the stock, which was nearly 2% lower in the premarket Tuesday. Twenty out of 31 analysts in total have a hold rating, while only one has a buy rating, according to LSEG data. Elsewhere in the energy technology space, the analyst likewise downgraded Enphase Energy to neutral from overweight, citing anticipated loss in share and margin pressure as third-party owned (TPO) systems gain traction within the industry.
Business Insider
6 days ago
- Business
- Business Insider
Analysts' Opinions Are Mixed on These Technology Stocks: Disco (OtherDISPF) and SolarEdge Technologies (SEDG)
Analysts have been eager to weigh in on the Technology sector with new ratings on Disco (DISPF – Research Report) and SolarEdge Technologies (SEDG – Research Report). Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Disco (DISPF) Goldman Sachs analyst Shuhei Nakamura reiterated a Buy rating on Disco on July 9 and set a price target of Yen51000.00. The company's shares closed last Tuesday at $265.12. According to Nakamura is a 4-star analyst with an average return of 22.2% and a 63.0% success rate. Nakamura covers the Technology sector, focusing on stocks such as SCREEN Holdings Co, Tokyo Electron, and Advantest. Disco has an analyst consensus of Strong Buy, with a price target consensus of $333.77, which is a 25.9% upside from current levels. In a report issued on July 9, Macquarie also upgraded the stock to Buy with a Yen48500.00 price target. SolarEdge Technologies (SEDG) Goldman Sachs analyst Brian K. Lee downgraded SolarEdge Technologies to Hold on July 8 and set a price target of $27.00. The company's shares closed last Friday at $25.62. According to Lee is a 1-star analyst with an average return of -0.8% and a 46.0% success rate. Lee covers the Technology sector, focusing on stocks such as Shoals Technologies Group, NEXTracker, Inc. Class A, and Array Technologies. SolarEdge Technologies has an analyst consensus of Moderate Sell, with a price target consensus of $13.66, which is a -50.0% downside from current levels. In a report issued on July 8, KeyBanc also upgraded the stock to Hold with a $16.00 price target.
Yahoo
11-07-2025
- Business
- Yahoo
SolarEdge Technologies (SEDG) Outperforms Broader Market: What You Need to Know
SolarEdge Technologies (SEDG) ended the recent trading session at $27.57, demonstrating a +1.77% change from the preceding day's closing price. This change outpaced the S&P 500's 0.28% gain on the day. Meanwhile, the Dow gained 0.43%, and the Nasdaq, a tech-heavy index, added 0.09%. Prior to today's trading, shares of the photovoltaic products maker had gained 30.05% outpaced the Oils-Energy sector's gain of 4.96% and the S&P 500's gain of 4.37%. Investors will be eagerly watching for the performance of SolarEdge Technologies in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.81, marking a 54.75% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $274.47 million, up 3.42% from the year-ago period. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$3.25 per share and revenue of $1.09 billion, indicating changes of +85.86% and +17.55%, respectively, compared to the previous year. Investors should also pay attention to any latest changes in analyst estimates for SolarEdge Technologies. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.07% higher. SolarEdge Technologies is currently sporting a Zacks Rank of #2 (Buy). The Solar industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 51, placing it within the top 21% of over 250 industries. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to follow all of these stock-moving metrics, and many more, on Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SolarEdge Technologies, Inc. (SEDG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
09-07-2025
- Business
- CNBC
Even international markets directly affected are starting to ignore Trump's tough trade threats
It wasn't long ago that trade announcements like those seen this week would have sent markets around the world careening lower. This week? Not so much. President Donald Trump on Monday sent letters to more than a dozen countries dictating new tariffs to take effect on August 1 on their exports to the U.S. While U.S. stocks took a hit following those announcements, they managed to stabilize Tuesday. Some international markets, meanwhile, shrugged off the news. Take South Korea's Kospi index, for example. Despite the raft of tariff-related news, it's still up more than 2% week to date. The benchmark rallied 1.8% on Tuesday and gained another 0.6% overnight Wednesday. .KS11 5D mountain KOSPI 5-day chart "While South Korean equities are not the arbiter of global risk, they provide a microcosm for the market's view on tariffs," wrote JPMorgan's trading desk on Wednesday. "If South Korea equities can see a +2.0% rise after a tariff announcement that would lead to a -1.7% hit to GDP if realized, we can see that tariffs as a risk are no longer a going concern for the equity market and points to investors focusing on the fundamental drivers." "If this is the case, there is little stopping a further equity melt up in global risk over the coming weeks and leaves the market positively disposed to any trade deals that come out through these negotiations," the JPMorgan traders added. Korea is among the countries that received a letter from Trump. Japan, another one, is also holding up this week with a marginal gain. Even the U.S. S & P 500 is appears to be looking beyond these headlines. Week to date, the benchmark is down 0.9% — a loss that can easily be clawed back in one trading day. Elsewhere Wednesday on Wall Street, Goldman Sachs downgraded SolarEdge Technologies to neutral from buy. "With the company successfully turning around its business, which has been a driver of the strong stock price appreciation since the beginning of the year, we believe it is prudent to move to the sidelines on SEDG given general market uncertainty across the [residential] sector," analyst Brian Lee wrote in a report published Tuesday. SolarEdge is down almost 2% premarket Wednesday.
Yahoo
25-06-2025
- Business
- Yahoo
SolarEdge Expands U.S. Manufacturing in Salt Lake City, Utah
Now producing and shipping the SolarEdge 'USA Edition' Home Battery—advancing American energy independence and driving job creation with more than 2,000 new roles across three U.S. manufacturing sites SALT LAKE CITY, June 25, 2025--(BUSINESS WIRE)--SolarEdge Technologies, Inc. ("SolarEdge" or "the Company") (Nasdaq: SEDG), a global leader in smart energy technology, today announced the ramp up of its new manufacturing site in Salt Lake City, Utah. The site started manufacturing and shipping the SolarEdge 'USA Edition' Home Battery in Q1, marking a key milestone in the company's commitment to strengthening its domestic supply chain and supporting U.S. energy independence. This new manufacturing site reflects SolarEdge's long-term strategy to expand its U.S. manufacturing footprint, fulfill the rising demand for American-made energy storage solutions, and help customers meet domestic content requirements. The Salt Lake City site joins previously announced facilities in Florida and Texas, contributing to over 2,000 newly created jobs. SolarEdge will now produce its full U.S. residential inverter, Power Optimizer, and battery product suite on American soil, supporting high-skill, local manufacturing jobs while bolstering America's clean energy infrastructure with domestically produced technology. "In Utah, we are eager to be a part of our nation's energy solutions," said U.S. Representative Celeste Maloy (R-Utah-2). "It's time to build again in America, and this new manufacturing of battery storage solutions right here in Utah's 2nd Congressional district is evidence that our state is leading the charge." The SolarEdge Home Battery is a high-capacity energy storage system that integrates seamlessly with the Company's optimized inverters and power optimizers. Manufactured in the Salt Lake City facility, the battery features a dedicated SKU for simplified tracking and is designed to support compliance with domestic content requirements across a wide range of solar-plus-storage installations. The SolarEdge Home Battery is part of SolarEdge's advanced lineup of solar products that deliver smart, reliable, and incentive-ready solar-plus-storage solutions that help homeowners, TPOs, and commercial operators maximize energy savings, particularly during peak rate periods. "We're proud to be part of the manufacturing resurgence in America, as our investments represent a strategic commitment to the domestic market," said Marty Rogers, General Manager, SolarEdge. "This expansion not only supports our growth objectives, but reinforces our promise to customers: reliable, high-quality technology with shorter lead times and greater supply chain stability. The American energy tax credits have enabled the company to onshore its manufacturing and add to the critical energy infrastructure needed to meet growing U.S. energy demand. As Congress considers changes to clean energy tax credits, we encourage lawmakers to recognize how vital these incentives are for businesses to continue investing in domestic manufacturing and drive America's future energy dominance." About SolarEdge SolarEdge is a global leader in smart energy. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power our lives and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, and grid services solutions. SolarEdge is online at View source version on Contacts Press ContactLily Salkin, Head of Public Investor ContactJB Lowe, Head of Investor Relationsinvestors@ Global Government Affairs ContactLiz Reicherts, Global Head of Government Sign in to access your portfolio
