658,062 Shares in SolarEdge Technologies, Inc. $SEDG Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB bought a new stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 658,062 shares of the semiconductor company’s stock, valued at approximately $24,348,000.

A number of other large investors have also added to or reduced their stakes in SEDG. Goldman Sachs Group Inc. boosted its holdings in shares of SolarEdge Technologies by 8.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 997,962 shares of the semiconductor company’s stock worth $16,147,000 after purchasing an additional 79,461 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in SolarEdge Technologies by 276.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,100 shares of the semiconductor company’s stock worth $84,000 after buying an additional 3,011 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in SolarEdge Technologies in the 2nd quarter worth approximately $846,000. Spire Wealth Management boosted its stake in SolarEdge Technologies by 706.3% in the second quarter. Spire Wealth Management now owns 3,185 shares of the semiconductor company’s stock worth $65,000 after buying an additional 2,790 shares in the last quarter. Finally, Bank of Montreal Can grew its position in SolarEdge Technologies by 10.2% during the second quarter. Bank of Montreal Can now owns 26,637 shares of the semiconductor company’s stock valued at $543,000 after acquiring an additional 2,468 shares during the last quarter. Hedge funds and other institutional investors own 95.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of SolarEdge Technologies from $30.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, November 14th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of SolarEdge Technologies from $35.00 to $33.00 and set a “hold” rating on the stock in a research report on Friday, February 20th. Morgan Stanley boosted their price target 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. Citigroup cut their price target on shares of SolarEdge Technologies from $30.00 to $29.00 and set a “sell” rating for the company in a research report on Thursday, December 18th. Finally, BMO Capital Markets lifted their price objective on SolarEdge Technologies from $19.00 to $25.00 and gave the stock an “underperform” rating in a report on Thursday, November 6th. One investment analyst has rated the stock with a Buy rating, sixteen have assigned a Hold rating and seven have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $27.28.

SolarEdge Technologies Trading Down 12.4%

Shares of SEDG opened at $35.40 on Friday. The stock has a market capitalization of $2.14 billion, a P/E ratio of -5.15 and a beta of 1.66. SolarEdge Technologies, Inc. has a twelve month low of $11.00 and a twelve month high of $48.60. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.82. The firm has a fifty day simple moving average of $33.88 and a two-hundred day simple moving average of $34.32.

SolarEdge Technologies (NASDAQ:SEDG) last issued its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.05. The firm had revenue of $333.80 million during the quarter, compared to the consensus estimate of $330.33 million. SolarEdge Technologies had a negative net margin of 34.23% and a negative return on equity of 45.54%. The company’s quarterly revenue was up 70.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($3.52) earnings per share. On average, research analysts anticipate that SolarEdge Technologies, Inc. will post -4.54 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.