SolarEdge Technologies (NASDAQ:SEDG) Shares Gap Up – Should You Buy?

SolarEdge Technologies, Inc. (NASDAQ:SEDG) shares gapped up prior to trading on Tuesday . The stock had previously closed at $55.36, but opened at $59.82. SolarEdge Technologies shares last traded at $58.2470, with a volume of 840,724 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SEDG shares. Jefferies Financial Group raised SolarEdge Technologies from an “underperform” rating to a “hold” rating and upped their target price for the stock from $30.00 to $49.00 in a report on Friday, March 20th. Bank of America raised SolarEdge Technologies from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $17.00 to $40.00 in a research note on Tuesday, March 10th. Barclays upped their price objective on SolarEdge Technologies from $39.00 to $41.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Susquehanna raised their price objective on shares of SolarEdge Technologies from $37.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. Finally, Wells Fargo & Company initiated coverage on shares of SolarEdge Technologies in a research report on Monday. They set an “equal weight” rating and a $36.00 target price on the stock. One analyst has rated the stock with a Buy rating, fifteen have assigned a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $35.67.

SolarEdge Technologies Stock Performance

The company’s 50-day moving average price is $54.92 and its two-hundred day moving average price is $43.27. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of -9.42 and a beta of 1.42. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.02 and a quick ratio of 1.36.

SolarEdge Technologies (NASDAQ:SEDG) last posted its quarterly 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). 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 the consensus estimate of $305.49 million. During the same quarter in the previous year, the company posted ($1.14) earnings per share. SolarEdge Technologies’s quarterly revenue was up 41.5% on a year-over-year basis. On average, equities research analysts anticipate 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 the 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 completion of the sale, the chairman directly owned 295,379 shares of the company’s stock, valued at $11,448,890.04. This represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.04% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SolarEdge Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. UBS Group AG boosted its holdings in SolarEdge Technologies by 234.8% during the 3rd quarter. UBS Group AG now owns 3,554,504 shares of the semiconductor company’s stock worth $131,517,000 after acquiring an additional 2,492,776 shares during the last quarter. Electron Capital Partners LLC raised its holdings 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 valued at $64,105,000 after purchasing an additional 898,802 shares during the last quarter. Meitav Investment House Ltd. raised its holdings 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 last quarter. ION Fund Management Ltd bought a new position in shares of SolarEdge Technologies during the fourth quarter valued at about $22,965,000. Finally, Menora Mivtachim Holdings LTD. boosted its holdings in SolarEdge Technologies by 41.1% during the third quarter. Menora Mivtachim Holdings LTD. now owns 2,103,521 shares of the semiconductor company’s stock worth $77,830,000 after purchasing an additional 612,884 shares during the last quarter. 95.10% of the stock is owned by hedge funds and other 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.