SolarEdge Technologies (NASDAQ:SEDG) Trading 10.1% Higher – Still a Buy?

SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s stock price was up 10.1% during mid-day trading on Monday . The company traded as high as $57.75 and last traded at $57.6590. Approximately 943,696 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 3,579,522 shares. The stock had previously closed at $52.38.

Analysts Set New Price Targets

SEDG has been the topic of several recent analyst reports. Citigroup cut their price objective on shares of SolarEdge Technologies from $30.00 to $27.00 and set a “sell” rating on the stock in a report on Thursday, May 7th. UBS Group upped their price target on shares of SolarEdge Technologies from $36.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Wells Fargo & Company assumed coverage on shares of SolarEdge Technologies in a research note on Monday, June 29th. They set an “equal weight” rating and a $36.00 price target on the stock. Weiss Ratings upgraded shares of SolarEdge Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 24th. Finally, Jefferies Financial Group raised shares of SolarEdge Technologies from an “underperform” rating to a “hold” rating and boosted their price objective for the company from $30.00 to $49.00 in a research note on Friday, March 20th. One analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and seven have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $35.67.

SolarEdge Technologies Stock Down 5.1%

The stock has a fifty day moving average price of $56.41 and a 200-day moving average price of $44.32. The firm has a market cap of $3.06 billion, a PE ratio of -8.18 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 announced its quarterly 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). SolarEdge Technologies had a negative net margin of 28.56% and a negative return on equity of 38.66%. The business had revenue of $309.90 million for the quarter, compared to analyst estimates of $305.49 million. During the same period last year, the firm earned ($1.14) earnings per share. The company’s quarterly revenue was up 41.5% on a year-over-year basis. Research analysts expect that SolarEdge Technologies, Inc. will post -1.12 EPS for the current year.

Insider Buying and Selling at SolarEdge Technologies

In other news, Chairman More Avery sold 2,566 shares of the stock in a transaction dated 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 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 Securities & Exchange Commission, which can be accessed through this link. 1.04% of the stock is owned by insiders.

Hedge Funds Weigh In On SolarEdge Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Wyoming acquired a new stake in SolarEdge Technologies in the fourth quarter valued at approximately $27,000. Saranac Partners Ltd purchased a new position in shares of SolarEdge Technologies in the third quarter valued at $28,000. Rakuten Securities Inc. grew its holdings in SolarEdge Technologies by 82.1% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 432 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in SolarEdge Technologies during the 4th quarter valued at $31,000. Finally, Canada Pension Plan Investment Board purchased a new stake in SolarEdge Technologies during the 2nd quarter worth $35,000. 95.10% of the stock is owned by institutional investors and hedge funds.

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.