SolarEdge Technologies (NASDAQ:SEDG) Shares Gap Up – Here’s What Happened

SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s share price gapped up before the market opened 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.

Analysts Set New Price Targets

SEDG has been the subject of a number of research analyst reports. Citigroup decreased their price target on SolarEdge Technologies from $30.00 to $27.00 and set a “sell” rating for the company in a research report on Thursday, May 7th. Jefferies Financial Group upgraded SolarEdge Technologies from an “underperform” rating to a “hold” rating and upped their price objective for the company from $30.00 to $49.00 in a research note on Friday, March 20th. Royal Bank Of Canada decreased their target price on SolarEdge Technologies from $32.00 to $30.00 and set a “sector perform” rating for the company in a research report on Thursday, May 7th. Glj Research reiterated a “sell” rating on shares of SolarEdge Technologies in a research note on Thursday, June 11th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating on the stock in a report on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and seven have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $35.67.

SolarEdge Technologies Price Performance

The firm has a market cap of $3.51 billion, a P/E ratio of -9.42 and a beta of 1.42. The business’s fifty day simple moving average is $54.92 and its 200-day simple moving average is $43.27. The company has a current ratio of 2.02, a quick ratio of 1.36 and a debt-to-equity ratio of 0.85.

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 the consensus estimate 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 company had revenue of $309.90 million for the quarter, compared to the consensus estimate of $305.49 million. During the same quarter in the prior year, the company earned ($1.14) earnings per share. The company’s quarterly revenue was up 41.5% on a year-over-year basis. As a group, analysts forecast that SolarEdge Technologies, Inc. will post -1.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other SolarEdge Technologies news, Chairman More Avery sold 2,566 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $38.76, for a total value of $99,458.16. Following the sale, the chairman directly owned 295,379 shares in the company, valued at $11,448,890.04. This represents a 0.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.04% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SEDG. Oregon Public Employees Retirement Fund increased its stake in shares of SolarEdge Technologies by 2.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,677 shares of the semiconductor company’s stock worth $395,000 after acquiring an additional 300 shares in the last quarter. State of Wyoming boosted its stake in SolarEdge Technologies by 32.9% during the first quarter. State of Wyoming now owns 1,237 shares of the semiconductor company’s stock worth $63,000 after acquiring an additional 306 shares in the last quarter. Rakuten Securities Inc. boosted its stake in SolarEdge Technologies by 82.1% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 432 shares in the last quarter. Tidal Investments LLC grew its holdings in SolarEdge Technologies by 1.2% in the second quarter. Tidal Investments LLC now owns 42,411 shares of the semiconductor company’s stock worth $865,000 after purchasing an additional 484 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of SolarEdge Technologies by 7.9% during the third quarter. PNC Financial Services Group Inc. now owns 7,269 shares of the semiconductor company’s stock valued at $269,000 after purchasing an additional 530 shares in the last quarter. 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.