SolarEdge Technologies (NASDAQ:SEDG) Trading Down 10% – Time to Sell?

SolarEdge Technologies, Inc. (NASDAQ:SEDG) traded down 10% on Monday . The company traded as low as $56.08 and last traded at $55.60. 1,953,586 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 3,611,369 shares. The stock had previously closed at $61.76.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SEDG. Susquehanna lifted their price objective on shares of SolarEdge Technologies from $37.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. Wells Fargo & Company raised their target price on shares of SolarEdge Technologies from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating on the stock in a research report on Thursday, May 7th. Bank of America raised SolarEdge Technologies from an “underperform” rating to a “neutral” rating and upped their price target for the company from $17.00 to $40.00 in a report on Tuesday, March 10th. Finally, Jefferies Financial Group raised SolarEdge Technologies from an “underperform” rating to a “hold” rating and raised their price objective for the stock from $30.00 to $49.00 in a research note on Friday, March 20th. One research analyst has rated the stock with a Buy rating, sixteen have given a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $30.40.

SolarEdge Technologies Trading Down 1.3%

The company has a debt-to-equity ratio of 0.85, a current ratio of 2.02 and a quick ratio of 1.36. The company has a fifty day moving average of $44.48 and a 200-day moving average of $37.79. The firm has a market capitalization of $3.32 billion, a PE ratio of -8.90 and a beta of 1.18.

SolarEdge Technologies (NASDAQ:SEDG) last posted its earnings results on Wednesday, May 6th. The semiconductor company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.20). The business had revenue of $309.90 million during the quarter, compared to analyst estimates of $305.49 million. SolarEdge Technologies had a negative net margin of 28.56% and a negative return on equity of 38.66%. SolarEdge Technologies’s revenue was up 41.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.14) earnings per share. On average, sell-side analysts anticipate that SolarEdge Technologies, Inc. will post -1.12 earnings per share for the current fiscal year.

Insider Activity

In related news, Chairman More Avery sold 2,566 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $38.76, for a total transaction of $99,458.16. Following the transaction, the chairman directly owned 295,379 shares in the company, valued at $11,448,890.04. The trade was a 0.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.71% of the company’s stock.

Hedge Funds Weigh In On SolarEdge Technologies

Several hedge funds and other institutional investors have recently modified their holdings of SEDG. Bank of America Corp DE grew its stake in SolarEdge Technologies by 218.6% during the first quarter. Bank of America Corp DE now owns 404,297 shares of the semiconductor company’s stock worth $20,639,000 after buying an additional 277,385 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of SolarEdge Technologies by 25.6% in the 1st quarter. California State Teachers Retirement System now owns 66,589 shares of the semiconductor company’s stock worth $3,399,000 after acquiring an additional 13,554 shares in the last quarter. SummitTX Capital L.P. bought a new stake in SolarEdge Technologies during the 1st quarter worth approximately $272,000. Caxton Associates LLP bought a new stake in SolarEdge Technologies during the 1st quarter worth approximately $3,632,000. Finally, Inceptionr LLC acquired a new stake in SolarEdge Technologies during the 1st quarter valued at $248,000. Institutional investors own 95.10% of the company’s stock.

About SolarEdge Technologies

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.