Short Interest in SolarEdge Technologies, Inc. (NASDAQ:SEDG) Declines By 19.4%

SolarEdge Technologies, Inc. (NASDAQ:SEDG) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totaling 8,986,199 shares, a decline of 19.4% from the March 31st total of 11,142,976 shares. Based on an average trading volume of 3,633,115 shares, the days-to-cover ratio is presently 2.5 days. Approximately 14.9% of the shares of the stock are short sold.

Hedge Funds Weigh In On SolarEdge Technologies

A number of large investors have recently made changes to their positions in SEDG. UBS Group AG increased its holdings in shares of SolarEdge Technologies by 234.8% in the 3rd quarter. UBS Group AG now owns 3,554,504 shares of the semiconductor company’s stock valued at $131,517,000 after purchasing an additional 2,492,776 shares during the period. Electron Capital Partners LLC increased its holdings in shares of SolarEdge Technologies by 107.8% in the 3rd quarter. Electron Capital Partners LLC now owns 1,732,566 shares of the semiconductor company’s stock valued at $64,105,000 after purchasing an additional 898,802 shares during the period. Meitav Investment House Ltd. increased its holdings in shares of SolarEdge Technologies by 541.6% in the 1st quarter. Meitav Investment House Ltd. now owns 1,017,551 shares of the semiconductor company’s stock valued at $51,946,000 after purchasing an additional 858,954 shares during the period. ION Fund Management Ltd acquired a new position in shares of SolarEdge Technologies in the 4th quarter valued at about $22,965,000. Finally, PGGM Investments acquired a new position in shares of SolarEdge Technologies in the 3rd quarter valued at about $24,438,000. Institutional investors and hedge funds own 95.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on SEDG shares. Bank of America upgraded shares of SolarEdge Technologies from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $17.00 to $40.00 in a research report on Tuesday, March 10th. Barclays boosted their price target on shares of SolarEdge Technologies from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft boosted their price objective on SolarEdge Technologies from $33.00 to $42.00 and gave the stock a “hold” rating in a report on Thursday, April 9th. Raymond James Financial started coverage on SolarEdge Technologies in a report on Tuesday, January 13th. They set a “market perform” rating on the stock. Finally, Susquehanna boosted their price objective on SolarEdge Technologies from $37.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, April 9th. One equities research analyst has rated the stock with a Buy rating, seventeen have given a Hold rating and seven have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $29.90.

SolarEdge Technologies Trading Up 0.1%

NASDAQ SEDG traded up $0.05 on Friday, hitting $42.91. 2,059,201 shares of the company were exchanged, compared to its average volume of 3,422,357. The company’s 50 day moving average price is $42.72 and its 200-day moving average price is $37.18. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.17 and a quick ratio of 1.48. The firm has a market capitalization of $2.61 billion, a P/E ratio of -6.24 and a beta of 1.35. SolarEdge Technologies has a twelve month low of $12.47 and a twelve month high of $53.75.

SolarEdge Technologies (NASDAQ:SEDG) last posted its quarterly earnings data on Thursday, February 26th. The semiconductor company reported ($0.14) earnings per share (EPS) for the quarter. The company had revenue of $333.80 million for the quarter. SolarEdge Technologies had a negative return on equity of 45.54% and a negative net margin of 34.23%. Analysts predict that SolarEdge Technologies will post -0.94 earnings per share for the current fiscal year.

SolarEdge Technologies Company Profile

SolarEdge Technologies (NASDAQ: SEDG) is a global provider of solar energy solutions focused on optimizing photovoltaic (PV) power generation. The company’s core offerings include power optimizers, inverters and cloud-based monitoring platforms designed to maximize energy output and improve safety across residential, commercial and utility-scale installations. By coupling module-level electronics with centralized inverters, SolarEdge’s technology enables real-time performance monitoring and rapid fault detection to enhance system reliability.

In recent years, SolarEdge has expanded its product portfolio beyond solar PV to include energy storage systems, electric vehicle (EV) charging solutions and smart energy management tools.