SolarEdge Technologies (NASDAQ:SEDG) Stock Price Up 7.2% – Should You Buy?

Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) traded up 7.2% during trading on Thursday . The stock traded as high as $60.41 and last traded at $60.2540. 1,534,786 shares were traded during trading, a decline of 58% from the average session volume of 3,659,985 shares. The stock had previously closed at $56.22.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Royal Bank Of Canada reduced their price target on shares of SolarEdge Technologies from $32.00 to $30.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 7th. Wells Fargo & Company increased their target price on SolarEdge Technologies from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. UBS Group increased their target price on SolarEdge Technologies from $36.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Barclays increased their target price on SolarEdge Technologies from $39.00 to $41.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Finally, Jefferies Financial Group raised SolarEdge Technologies from an “underperform” rating to a “hold” rating and increased their target price for the stock from $30.00 to $49.00 in a report on Friday, March 20th. One equities research analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and seven have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $31.15.

SolarEdge Technologies Trading Down 1.7%

The firm has a market cap of $3.77 billion, a P/E ratio of -10.11 and a beta of 1.18. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.36 and a current ratio of 2.02. The firm has a fifty day moving average of $45.93 and a 200-day moving average of $38.31.

SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 38.66% and a negative net margin of 28.56%.The company’s revenue for the quarter was up 41.5% on a year-over-year basis. During the same period last year, the business posted ($1.14) EPS. Equities research analysts forecast that SolarEdge Technologies, Inc. will post -1.12 earnings per share for the current year.

Insider Activity

In related news, Chairman More Avery sold 2,566 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $38.76, for a total value of $99,458.16. Following the sale, the chairman owned 295,379 shares of the company’s stock, valued at approximately $11,448,890.04. This trade represents a 0.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.71% of the company’s stock.

Institutional Trading of SolarEdge Technologies

Several hedge funds have recently made changes to their positions in SEDG. Goldman Sachs Group Inc. raised its stake in SolarEdge Technologies by 8.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 997,962 shares of the semiconductor company’s stock valued at $16,147,000 after acquiring an additional 79,461 shares in the last quarter. First Trust Advisors LP raised its stake in SolarEdge Technologies by 2.8% during the 2nd quarter. First Trust Advisors LP now owns 560,585 shares of the semiconductor company’s stock valued at $11,436,000 after acquiring an additional 15,333 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in SolarEdge Technologies by 4.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,023 shares of the semiconductor company’s stock valued at $327,000 after acquiring an additional 700 shares in the last quarter. Bayesian Capital Management LP bought a new stake in SolarEdge Technologies during the 2nd quarter valued at $206,000. Finally, Canada Pension Plan Investment Board bought a new stake in SolarEdge Technologies during the 2nd quarter valued at $35,000. 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.