Kingsview Wealth Management LLC Takes Position in SolarEdge Technologies, Inc. $SEDG

Kingsview Wealth Management LLC acquired a new position in SolarEdge Technologies, Inc. (NASDAQ:SEDG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 22,467 shares of the semiconductor company’s stock, valued at approximately $1,313,000.

Other large investors have also made changes to their positions in the company. State of Wyoming acquired a new stake in shares of SolarEdge Technologies in the fourth quarter worth $27,000. Allworth Financial LP acquired a new stake in SolarEdge Technologies during the second quarter valued at approximately $31,000. Kestra Advisory Services LLC bought a new stake in SolarEdge Technologies in the fourth quarter valued at $31,000. Canada Pension Plan Investment Board bought a new position in SolarEdge Technologies during the 2nd quarter valued at about $35,000. Finally, Altshuler Shaham Ltd acquired a new position in SolarEdge Technologies in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 95.10% of the company’s stock.

SolarEdge Technologies Stock Down 6.3%

Shares of SEDG opened at $31.41 on Friday. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of -6.98 and a beta of 1.49. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.38 and a current ratio of 2.03. The business’s fifty day moving average price is $43.70 and its two-hundred day moving average price is $46.44. SolarEdge Technologies, Inc. has a 52 week low of $28.21 and a 52 week high of $81.25.

SolarEdge Technologies (NASDAQ:SEDG) last released its earnings results on Wednesday, August 5th. The semiconductor company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.07. SolarEdge Technologies had a negative return on equity of 29.17% and a negative net margin of 20.29%.The company had revenue of $346.20 million during the quarter, compared to analysts’ expectations of $341.15 million. During the same period last year, the firm earned ($0.81) EPS. The business’s revenue for the quarter was up 19.6% on a year-over-year basis. On average, analysts predict that SolarEdge Technologies, Inc. will post -1.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Royal Bank Of Canada dropped their price objective on shares of SolarEdge Technologies from $30.00 to $24.00 and set a “sector perform” rating for the company in a report on Thursday, August 6th. UBS Group raised SolarEdge Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $36.00 to $42.00 in a report on Wednesday. Glj Research reaffirmed a “sell” rating on shares of SolarEdge Technologies in a report on Thursday, June 11th. Weiss Ratings upgraded SolarEdge Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 21st. Finally, The Goldman Sachs Group reduced their price objective on SolarEdge Technologies from $34.00 to $30.00 and set a “sell” rating on the stock in a research note on Thursday, August 6th. Two analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $38.36.

SolarEdge Technologies 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.