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

Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) gapped down before the market opened on Wednesday . The stock had previously closed at $48.76, but opened at $39.94. SolarEdge Technologies shares last traded at $38.17, with a volume of 3,660,410 shares traded.

Wall Street Analysts Forecast Growth

SEDG has been the topic of several research reports. TD Cowen dropped their price objective on shares of SolarEdge Technologies from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Glj Research reaffirmed a “sell” rating on shares of SolarEdge Technologies in a research note on Thursday, June 11th. Susquehanna increased their price objective on SolarEdge Technologies from $43.00 to $56.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. JPMorgan Chase & Co. lifted their price objective on SolarEdge Technologies from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, April 16th. Finally, Royal Bank Of Canada dropped their target price on SolarEdge Technologies from $32.00 to $30.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $38.93.

SolarEdge Technologies Trading Down 22.5%

The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of -6.16 and a beta of 1.49. The company has a current ratio of 2.02, a quick ratio of 1.36 and a debt-to-equity ratio of 0.85. The company has a fifty day moving average of $55.66 and a two-hundred day moving average of $46.76.

SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly 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 38.66% and a negative net margin of 28.56%.The company had revenue of $345.50 million for the quarter, compared to the consensus estimate of $341.15 million. During the same quarter last year, the company posted ($0.81) earnings per share. The company’s revenue for the quarter was up 19.6% compared to the same quarter last year. On average, research analysts expect that SolarEdge Technologies, Inc. will post -1.1 EPS for the current year.

Insiders Place Their Bets

In other SolarEdge Technologies news, Chairman More Avery sold 2,566 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $38.76, for a total transaction of $99,458.16. Following the completion of the transaction, the chairman owned 295,379 shares of the company’s stock, valued at $11,448,890.04. The trade was a 0.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.04% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SolarEdge Technologies

A number of institutional investors have recently made changes to their positions in the business. State of Wyoming bought a new stake in SolarEdge Technologies during the 4th quarter valued at approximately $27,000. Rakuten Securities Inc. increased its position in SolarEdge Technologies by 82.1% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the semiconductor company’s stock worth $28,000 after buying an additional 432 shares during the period. Kestra Advisory Services LLC bought a new position in SolarEdge Technologies in the 4th quarter worth approximately $31,000. Canada Pension Plan Investment Board acquired a new position in shares of SolarEdge Technologies during the second quarter worth approximately $35,000. Finally, Altshuler Shaham Ltd bought a new stake in shares of SolarEdge Technologies in the fourth quarter valued at approximately $36,000. 95.10% of the stock is currently owned by institutional investors.

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.