SolarEdge Technologies (NASDAQ:SEDG) Shares Gap Down – Here’s Why

SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $52.94, but opened at $50.34. SolarEdge Technologies shares last traded at $51.9070, with a volume of 819,835 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. TD Cowen upped their price target on SolarEdge Technologies from $43.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Deutsche Bank Aktiengesellschaft cut their target price on shares of SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating for the company in a research report on Thursday, May 7th. Wells Fargo & Company started coverage on shares of SolarEdge Technologies in a research report on Monday, June 29th. They issued an “equal weight” rating and a $36.00 price target on the stock. Bank of America raised shares of SolarEdge Technologies from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $17.00 to $40.00 in a report on Tuesday, March 10th. Finally, Royal Bank Of Canada lowered their target price on shares of SolarEdge Technologies from $32.00 to $30.00 and set a “sector perform” rating on the stock in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Buy rating, fourteen have given a Hold rating and seven have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $35.67.

SolarEdge Technologies Price Performance

The business has a 50 day simple moving average of $56.41 and a two-hundred day simple moving average of $44.32. The firm has a market capitalization of $3.00 billion, a P/E ratio of -8.05 and a beta of 1.45. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.36 and a current ratio of 2.02.

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

Insider Buying and Selling at SolarEdge Technologies

In other news, Chairman More Avery sold 2,566 shares of SolarEdge Technologies stock in a transaction 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 sale, the chairman directly owned 295,379 shares of the company’s stock, valued at approximately $11,448,890.04. The trade was a 0.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.04% of the company’s stock.

Institutional Investors Weigh In On SolarEdge Technologies

A number of large investors have recently added to or reduced their stakes in the company. State of Wyoming bought a new position in shares of SolarEdge Technologies during the 4th quarter valued at about $27,000. Saranac Partners Ltd purchased a new stake in SolarEdge Technologies in the third quarter worth approximately $28,000. Rakuten Securities Inc. boosted its stake in SolarEdge Technologies by 82.1% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the semiconductor company’s stock worth $28,000 after buying an additional 432 shares in the last quarter. Kestra Advisory Services LLC bought a new position in SolarEdge Technologies during the fourth quarter valued at approximately $31,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of SolarEdge Technologies during the second quarter worth approximately $35,000. Hedge funds and other institutional investors own 95.10% of the company’s stock.

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.