SolarEdge Technologies (NASDAQ:SEDG) Reaches New 12-Month High – What’s Next?

Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) hit a new 52-week high during trading on Friday . The stock traded as high as $65.16 and last traded at $63.00, with a volume of 6785925 shares changing hands. The stock had previously closed at $56.22.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Glj Research reaffirmed a “sell” rating on shares of SolarEdge Technologies in a research note on Monday. TD Cowen boosted their target price on shares of SolarEdge Technologies from $38.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Susquehanna upped their price target on shares of SolarEdge Technologies from $37.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. The Goldman Sachs Group reiterated a “sell” rating and set a $31.00 price target (down from $36.00) on shares of SolarEdge Technologies in a report on Wednesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating on the stock in a research note on Thursday, May 7th. One research analyst has rated the stock with a Buy rating, sixteen have issued a Hold rating and seven have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $30.40.

SolarEdge Technologies Trading Up 12.1%

The company has a quick ratio of 1.36, a current ratio of 2.02 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $3.83 billion, a P/E ratio of -10.28 and a beta of 1.18. The firm’s 50-day moving average price is $45.41 and its 200 day moving average price is $38.14.

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

Insider Transactions at SolarEdge Technologies

In related news, Chairman More Avery sold 2,566 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $38.76, for a total transaction of $99,458.16. Following the completion of the sale, the chairman owned 295,379 shares in the company, valued at approximately $11,448,890.04. This trade represents a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.71% of the stock is owned by company insiders.

Institutional Trading of SolarEdge Technologies

Several hedge funds have recently made changes to their positions in SEDG. UBS Group AG lifted its holdings in SolarEdge Technologies by 234.8% during the third 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 last quarter. Electron Capital Partners LLC increased its stake in shares of SolarEdge Technologies by 107.8% in the third quarter. Electron Capital Partners LLC now owns 1,732,566 shares of the semiconductor company’s stock worth $64,105,000 after purchasing an additional 898,802 shares in the last quarter. Meitav Investment House Ltd. raised its position in shares of SolarEdge Technologies by 541.6% in the first 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 bought a new stake in shares of SolarEdge Technologies in the fourth quarter valued at approximately $22,965,000. Finally, Handelsbanken Fonder AB purchased a new stake in shares of SolarEdge Technologies during the 3rd quarter valued at approximately $24,348,000. 95.10% of the stock is currently owned by institutional investors.

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.