Fintel reports that on October 21, 2024, TD Cowen downgraded their outlook for SolarEdge Technologies (LSE:0L7S) from Buy to Hold.
Analyst Price Forecast Suggests 73.89% Upside
As of September 25, 2024, the average one-year price target for SolarEdge Technologies is 30.98 GBX/share. The forecasts range from a low of 17.10 GBX to a high of 104.59 GBX. The average price target represents an increase of 73.89% from its latest reported closing price of 17.82 GBX / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for SolarEdge Technologies is 5,100MM, an increase of 237.49%. The projected annual non-GAAP EPS is 11.82.
What is the Fund Sentiment?
There are 576 funds or institutions reporting positions in SolarEdge Technologies. This is an decrease of 103 owner(s) or 15.17% in the last quarter. Average portfolio weight of all funds dedicated to 0L7S is 0.12%, an increase of 46.94%. Total shares owned by institutions increased in the last three months by 10.48% to 58,538K shares.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 3,706K shares representing 6.51% 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 0L7S by 64.35% over the last quarter.
Grantham, Mayo, Van Otterloo & Co. holds 3,338K shares representing 5.86% ownership of the company. In its prior filing, the firm reported owning 2,742K shares , representing an increase of 17.86%. The firm decreased its portfolio allocation in 0L7S by 59.73% over the last quarter.
Goldman Sachs Group holds 2,068K shares representing 3.63% ownership of the company. In its prior filing, the firm reported owning 1,606K shares , representing an increase of 22.35%. The firm decreased its portfolio allocation in 0L7S by 56.27% over the last quarter.
Baillie Gifford holds 1,723K shares representing 3.03% ownership of the company. In its prior filing, the firm reported owning 1,734K shares , representing a decrease of 0.63%. The firm decreased its portfolio allocation in 0L7S by 86.22% over the last quarter.
Invesco holds 1,689K shares representing 2.96% ownership of the company. In its prior filing, the firm reported owning 1,385K shares , representing an increase of 17.99%. The firm decreased its portfolio allocation in 0L7S by 57.27% over the last quarter.
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