SolarEdge Technologies, Inc. (NASDAQ:SEDG) Given Consensus Rating of “Reduce” by Brokerages

SolarEdge Technologies, Inc. (NASDAQ:SEDG) has earned an average rating of “Reduce” from the twenty-three brokerages that are presently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $33.2450.

SEDG has been the subject of several analyst reports. Wells Fargo & Company increased their price objective on SolarEdge Technologies from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. 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. JPMorgan Chase & Co. boosted their price objective on shares of SolarEdge Technologies from $32.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, April 16th. Morgan Stanley increased their target price on shares of SolarEdge Technologies from $33.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 19th. Finally, TD Cowen lifted their price target on shares of SolarEdge Technologies from $43.00 to $85.00 and gave the company a “buy” rating in a research report on Friday.

Insider Activity at SolarEdge Technologies

In related news, Chairman More Avery sold 2,566 shares of the stock in a transaction that occurred on 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.71% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SEDG. Handelsbanken Fonder AB lifted its stake in SolarEdge Technologies by 28.6% during the 4th quarter. Handelsbanken Fonder AB now owns 846,148 shares of the semiconductor company’s stock worth $24,411,000 after acquiring an additional 188,086 shares in the last quarter. Public Sector Pension Investment Board grew its position in SolarEdge Technologies by 15.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 231,604 shares of the semiconductor company’s stock valued at $8,569,000 after acquiring an additional 30,264 shares in the last quarter. Convergence Investment Partners LLC acquired a new position in SolarEdge Technologies in the 3rd quarter valued at about $3,033,000. Aquatic Capital Management LLC increased its stake in SolarEdge Technologies by 1,282.8% during the third quarter. Aquatic Capital Management LLC now owns 125,473 shares of the semiconductor company’s stock worth $4,643,000 after purchasing an additional 116,399 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of SolarEdge Technologies by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 3,368,073 shares of the semiconductor company’s stock worth $97,169,000 after purchasing an additional 175,582 shares in the last quarter. 95.10% of the stock is currently owned by institutional investors and hedge funds.

SolarEdge Technologies Trading Up 4.3%

Shares of SEDG opened at $76.35 on Friday. SolarEdge Technologies has a 12-month low of $13.73 and a 12-month high of $81.25. The firm has a market capitalization of $4.64 billion, a P/E ratio of -12.46 and a beta of 1.18. The firm has a 50-day moving average price of $49.02 and a 200 day moving average price of $39.50. The company has a current ratio of 2.02, a quick ratio of 1.36 and a debt-to-equity ratio of 0.85.

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

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.