- SolarEdge Technologies faces a 17% drop in stock price despite strategic partnerships.
- Analysts set mixed price targets, with potential upside of 71.18%.
- GuruFocus projects a significant 384.02% upside based on GF Value estimates.
SolarEdge Technologies (NASDAQ: SEDG) is navigating challenging market waters. Despite forming new partnerships aimed at enhancing tax benefits for developers, the company's stock price has plummeted 17% over the last quarter. This decline follows a steep drop in annual sales from $2.98 billion to $901.46 million, which has heightened investor anxiety in the face of broader market uncertainties and recent changes in leadership.
Wall Street Analysts Forecast
Wall Street analysts paint a heterogeneous picture for SolarEdge's future. From the one-year price targets provided by 27 analysts, the average target price is $19.40. This forecast includes a high estimate of $100.00 and a low of $3.90, indicating a potential upside of 71.18% from the current stock price of $11.33. For a deeper dive into these estimates, visit the SolarEdge Technologies Inc (SEDG, Financial) Forecast page.
Analyst consensus currently rates SolarEdge at a "Hold," with an average brokerage recommendation score of 3.3 on a scale where 1 denotes "Strong Buy" and 5 indicates "Sell." This suggests a cautious approach from the brokerage firms monitoring the stock.
GuruFocus Value Estimation
As per GuruFocus estimates, the one-year GF Value for SolarEdge Technologies Inc (SEDG, Financial) stands at $54.84, which presents a substantial upside potential of 384.02% from its present value of $11.3301. The GF Value metric is GuruFocus's estimation of the fair trading price of the stock, derived from historical valuation multiples, past business growth, and projected future performance. For more comprehensive insights, please refer to the SolarEdge Technologies Inc (SEDG) Summary page.
As the company addresses its internal challenges and broader market conditions, investors will be keenly watching how its strategic initiatives unfold over the coming quarters.
