SolarEdge Technologies, Inc. (NASDAQ:SEDG – Get Free Report) shares were down 9.2% during mid-day trading on Monday . The stock traded as low as $46.61 and last traded at $47.00. Approximately 1,895,834 shares traded hands during trading, a decline of 44% from the average daily volume of 3,375,196 shares. The stock had previously closed at $51.76.
Analyst Ratings Changes
Several research analysts have weighed in on SEDG shares. Morgan Stanley upped their price target on SolarEdge Technologies from $33.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 19th. UBS Group lowered their target price on shares of SolarEdge Technologies from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, March 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of SolarEdge Technologies in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft cut their target price on shares of SolarEdge Technologies from $35.00 to $33.00 and set a “hold” rating for the company in a research note on Friday, February 20th. Finally, Jefferies Financial Group upgraded shares of SolarEdge Technologies from an “underperform” rating to a “hold” rating and lifted their price target for the company from $30.00 to $49.00 in a report on Friday, March 20th. One equities research analyst has rated the stock with a Buy rating, eighteen have assigned a Hold rating and six have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $29.09.
Read Our Latest Analysis on SolarEdge Technologies
SolarEdge Technologies Trading Up 1.6%
SolarEdge Technologies (NASDAQ:SEDG – Get Free Report) last posted its earnings results on Thursday, February 26th. The semiconductor company reported ($0.14) EPS for the quarter. SolarEdge Technologies had a negative net margin of 34.23% and a negative return on equity of 45.54%. The firm had revenue of $333.80 million for the quarter. On average, equities research analysts expect that SolarEdge Technologies, Inc. will post -4.54 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. UBS Group AG boosted its stake in SolarEdge Technologies by 18.5% during the fourth quarter. UBS Group AG now owns 4,210,429 shares of the semiconductor company’s stock worth $121,471,000 after buying an additional 655,925 shares during the period. Vanguard Group Inc. raised its stake in shares of SolarEdge Technologies by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 3,368,073 shares of the semiconductor company’s stock valued at $97,169,000 after acquiring an additional 175,582 shares during the period. Invesco Ltd. lifted its holdings in shares of SolarEdge Technologies by 28.6% in the 4th quarter. Invesco Ltd. now owns 2,169,822 shares of the semiconductor company’s stock worth $62,599,000 after acquiring an additional 483,052 shares during the last quarter. Menora Mivtachim Holdings LTD. boosted its stake in shares of SolarEdge Technologies by 41.1% during the 3rd 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 period. Finally, Electron Capital Partners LLC boosted its stake in shares of SolarEdge Technologies by 107.8% during the 3rd quarter. Electron Capital Partners LLC now owns 1,732,566 shares of the semiconductor company’s stock worth $64,105,000 after purchasing an additional 898,802 shares during the period. 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.
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