SolarEdge Technologies (NASDAQ:SEDG) Chairman More Avery Sells 2,566 Shares of Stock

SolarEdge Technologies, Inc. (NASDAQ:SEDG) 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 transaction of $99,458.16. Following the sale, the chairman owned 295,379 shares of the company’s stock, valued at $11,448,890.04. This trade represents a 0.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

SolarEdge Technologies Price Performance

NASDAQ:SEDG opened at $41.79 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 2.02 and a debt-to-equity ratio of 0.85. The firm has a market cap of $2.54 billion, a PE ratio of -6.82 and a beta of 1.18. SolarEdge Technologies, Inc. has a 12 month low of $13.73 and a 12 month high of $53.75. The company’s 50-day moving average price is $42.79 and its two-hundred day moving average price is $37.25.

SolarEdge Technologies (NASDAQ:SEDG) last posted its quarterly earnings data 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). The firm had revenue of $309.90 million for the quarter, compared to analyst estimates of $305.49 million. SolarEdge Technologies had a negative return on equity of 38.66% and a negative net margin of 28.56%.The business’s quarterly revenue was up 41.5% on a year-over-year basis. During the same period in the previous year, the business posted ($1.14) EPS. On average, equities analysts anticipate that SolarEdge Technologies, Inc. will post -0.94 EPS for the current fiscal year.

Hedge Funds Weigh In On SolarEdge Technologies

Hedge funds have recently added to or reduced their stakes in the company. UBS Group AG raised its holdings in SolarEdge Technologies by 18.5% during the 4th quarter. UBS Group AG now owns 4,210,429 shares of the semiconductor company’s stock worth $121,471,000 after purchasing an additional 655,925 shares during the last quarter. Vanguard Group Inc. grew its position in shares of SolarEdge Technologies by 5.5% during the 4th quarter. Vanguard Group Inc. now owns 3,368,073 shares of the semiconductor company’s stock worth $97,169,000 after buying an additional 175,582 shares during the period. Invesco Ltd. grew its position in shares of SolarEdge Technologies by 28.6% during the 4th quarter. Invesco Ltd. now owns 2,169,822 shares of the semiconductor company’s stock worth $62,599,000 after buying an additional 483,052 shares during the period. Menora Mivtachim Holdings LTD. raised its stake in shares of SolarEdge Technologies by 41.1% during the third quarter. Menora Mivtachim Holdings LTD. now owns 2,103,521 shares of the semiconductor company’s stock worth $77,830,000 after buying an additional 612,884 shares during the last quarter. Finally, Electron Capital Partners LLC lifted its holdings in SolarEdge Technologies by 107.8% in the third quarter. Electron Capital Partners LLC now owns 1,732,566 shares of the semiconductor company’s stock valued at $64,105,000 after buying an additional 898,802 shares during the period. Institutional investors own 95.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on SEDG. Jefferies Financial Group upgraded SolarEdge Technologies from an “underperform” rating to a “hold” rating and increased their target price for the stock from $30.00 to $49.00 in a report on Friday, March 20th. Morgan Stanley upped 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 report on Thursday, February 19th. Wells Fargo & Company increased their price objective on shares of SolarEdge Technologies from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. The Goldman Sachs Group restated a “sell” rating and issued a $31.00 price objective (down from $36.00) on shares of SolarEdge Technologies in a research report on Wednesday, April 15th. Finally, JPMorgan Chase & Co. upped their target price on shares of SolarEdge Technologies from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. One analyst has rated the stock with a Buy rating, sixteen have issued a Hold rating and seven have issued a Sell rating to the stock. Based on data from MarketBeat.com, SolarEdge Technologies presently has an average rating of “Reduce” and an average target price of $30.40.

Key Stories Impacting SolarEdge Technologies

Here are the key news stories impacting SolarEdge Technologies this week:

• Positive Sentiment: SolarEdge appointed Maoz Sigron as its new Chief Financial Officer, effective May 31, which could help strengthen execution of its turnaround plan and improve financial discipline. SolarEdge Appoints Maoz Sigron as Chief Financial Officer
• Positive Sentiment: One article highlighted SolarEdge as a solar energy stock to buy, pointing to Q1 revenue growth of about 46% year over year, which supports the case for a recovery if execution improves. Solar Edge (SEDG): Best Solar Energy Stocks to Buy Right Now
• Neutral Sentiment: Short-interest data showed no meaningful short position, suggesting limited bearish positioning rather than a major new catalyst.
• Neutral Sentiment: SolarEdge chairman More Avery sold 2,566 shares, a relatively small insider sale that may not materially change the investment outlook.
• Negative Sentiment: Deutsche Bank and RBC both cut their price targets on SolarEdge, signaling continued caution from analysts about the company’s near-term outlook. Deutsche Bank Aktiengesellschaft Cuts SolarEdge Technologies (NASDAQ:SEDG) Price Target to $39.00 Royal Bank Of Canada Cuts SolarEdge Technologies (NASDAQ:SEDG) Price Target to $30.00

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.