SolarEdge Technologies (NASDAQ:SEDG) Shares Gap Down – Time to Sell?

SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $52.94, but opened at $50.34. SolarEdge Technologies shares last traded at $51.9070, with a volume of 819,835 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SEDG shares. Bank of America raised SolarEdge Technologies from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $17.00 to $40.00 in a research note on Tuesday, March 10th. Barclays increased their target price on SolarEdge Technologies from $39.00 to $41.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. Glj Research restated a “sell” rating on shares of SolarEdge Technologies in a research report on Thursday, June 11th. JPMorgan Chase & Co. boosted 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, Wells Fargo & Company started coverage on shares of SolarEdge Technologies in a report on Monday, June 29th. They issued an “equal weight” rating and a $36.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating, fourteen have given a Hold rating and seven have given a Sell rating to the company’s stock. According to MarketBeat, SolarEdge Technologies presently has a consensus rating of “Reduce” and a consensus price target of $35.67.

SolarEdge Technologies Trading Down 6.8%

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’s fifty day moving average is $56.41 and its two-hundred day moving average is $44.32. The firm has a market cap of $3.00 billion, a P/E ratio of -8.05 and a beta of 1.45.

SolarEdge Technologies (NASDAQ:SEDG) last posted its earnings results on Wednesday, May 6th. The semiconductor company reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.20). SolarEdge Technologies had a negative return on equity of 38.66% and a negative net margin of 28.56%.The company had revenue of $309.90 million during the quarter, compared to analysts’ expectations of $305.49 million. During the same period in the prior year, the business posted ($1.14) earnings per share. The company’s revenue for the quarter was up 41.5% on a year-over-year basis. Analysts predict that SolarEdge Technologies, Inc. will post -1.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other SolarEdge Technologies news, Chairman More Avery sold 2,566 shares of SolarEdge Technologies stock in a transaction that occurred on 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 directly owned 295,379 shares of the company’s stock, valued at approximately $11,448,890.04. The trade was a 0.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.04% of the company’s stock.

Institutional Investors Weigh In On SolarEdge Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Glenmede Trust Co. NA purchased a new position in SolarEdge Technologies during the first quarter valued at $202,000. Bank of America Corp DE increased its stake in shares of SolarEdge Technologies by 218.6% in the 1st quarter. Bank of America Corp DE now owns 404,297 shares of the semiconductor company’s stock worth $20,639,000 after acquiring an additional 277,385 shares in the last quarter. California State Teachers Retirement System lifted its position in SolarEdge Technologies by 25.6% during the 1st quarter. California State Teachers Retirement System now owns 66,589 shares of the semiconductor company’s stock valued at $3,399,000 after acquiring an additional 13,554 shares during the period. SummitTX Capital L.P. purchased a new position in SolarEdge Technologies during the 1st quarter valued at about $272,000. Finally, Caxton Associates LLP bought a new stake in SolarEdge Technologies during the first quarter worth about $3,632,000. 95.10% of the stock is owned by hedge funds and other 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.