Fintel reports that on November 20, 2024, Guggenheim upgraded their outlook for SolarEdge Technologies (NasdaqGS:SEDG) from Sell to Neutral.
Analyst Price Forecast Suggests 135.65% Upside
As of October 22, 2024, the average one-year price target for SolarEdge Technologies is $25.62/share. The forecasts range from a low of $3.94 to a high of $105.00. The average price target represents an increase of 135.65% from its latest reported closing price of $10.87 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for SolarEdge Technologies is 4,998MM, an increase of 377.48%. The projected annual non-GAAP EPS is 11.09.
What is the Fund Sentiment?
There are 546 funds or institutions reporting positions in SolarEdge Technologies. This is an decrease of 71 owner(s) or 11.51% in the last quarter. Average portfolio weight of all funds dedicated to SEDG is 0.10%, an increase of 44.10%. Total shares owned by institutions increased in the last three months by 10.60% to 66,687K shares. 
The put/call ratio of SEDG is 0.69, indicating a bullish outlook.
What are Other Shareholders Doing?
BlackRock holds 7,860K shares representing 13.56% ownership of the company. In its prior filing, the firm reported owning 7,918K shares , representing a decrease of 0.73%. The firm decreased its portfolio allocation in SEDG by 16.49% over the last quarter.
Grantham, Mayo, Van Otterloo & Co. holds 4,312K shares representing 7.44% ownership of the company. In its prior filing, the firm reported owning 3,338K shares , representing an increase of 22.58%. The firm increased its portfolio allocation in SEDG by 8.70% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 3,706K shares representing 6.39% ownership of the company. In its prior filing, the firm reported owning 3,842K shares , representing a decrease of 3.67%. The firm decreased its portfolio allocation in SEDG by 64.35% over the last quarter.
Invesco holds 2,328K shares representing 4.02% ownership of the company. In its prior filing, the firm reported owning 1,689K shares , representing an increase of 27.48%. The firm decreased its portfolio allocation in SEDG by 90.18% over the last quarter.
D. E. Shaw holds 2,207K shares representing 3.81% ownership of the company. In its prior filing, the firm reported owning 1,407K shares , representing an increase of 36.25%. The firm increased its portfolio allocation in SEDG by 30.58% over the last quarter.
Solaredge Technologies Background Information
(This description is provided by the company.)
SolarEdge is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power lives aof people 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, UPS, electric vehicle powertrains, and grid services solutions.
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