SolarEdge Technologies (NASDAQ:SEDG) Stock Price Down 10.2% – Here’s Why

SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s share price was down 10.2% during trading on Tuesday . The stock traded as low as $38.01 and last traded at $38.7080. Approximately 1,891,575 shares were traded during trading, a decline of 45% from the average daily volume of 3,415,272 shares. The stock had previously closed at $43.09.

Analyst Upgrades and Downgrades

SEDG has been the topic of several recent research reports. UBS Group increased their target price on shares of SolarEdge Technologies from $36.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Barclays increased their target price on SolarEdge Technologies from $41.00 to $53.00 and gave the company an “equal weight” rating in a report on Friday, July 10th. Wells Fargo & Company initiated coverage on SolarEdge Technologies in a research report on Monday, June 29th. They issued an “equal weight” rating and a $36.00 price objective for the company. Royal Bank Of Canada dropped their price objective on SolarEdge Technologies from $32.00 to $30.00 and set a “sector perform” rating for the company in a research note on Thursday, May 7th. Finally, The Goldman Sachs Group restated a “sell” rating and issued a $31.00 target price (down from $36.00) on shares of SolarEdge Technologies in a report on Wednesday, April 15th. One research analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $38.06.

SolarEdge Technologies Trading Down 6.9%

The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.36 and a current ratio of 2.02. The stock has a market capitalization of $2.44 billion, a P/E ratio of -6.55 and a beta of 1.45. The stock has a 50-day moving average price of $57.90 and a two-hundred day moving average price of $46.35.

SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.20). The business had revenue of $309.90 million during the quarter, compared to analysts’ expectations 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 revenue was up 41.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.14) EPS. On average, research analysts forecast that SolarEdge Technologies, Inc. will post -1.1 EPS for the current fiscal year.

Insider Buying and Selling at SolarEdge Technologies

In related news, Chairman More Avery sold 2,566 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $38.76, for a total transaction of $99,458.16. Following the transaction, the chairman owned 295,379 shares in the company, valued at $11,448,890.04. The trade was a 0.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.04% of the company’s stock.

Institutional Trading of SolarEdge Technologies

Hedge funds have recently modified their holdings of the business. Handelsbanken Fonder AB increased its stake in shares of SolarEdge Technologies by 28.6% in the 4th quarter. Handelsbanken Fonder AB now owns 846,148 shares of the semiconductor company’s stock worth $24,411,000 after acquiring an additional 188,086 shares in the last quarter. Vanguard Group Inc. boosted its stake in SolarEdge Technologies by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 3,368,073 shares of the semiconductor company’s stock worth $97,169,000 after acquiring an additional 175,582 shares in the last quarter. UBS Group AG boosted its stake in SolarEdge Technologies by 18.5% during the fourth quarter. UBS Group AG now owns 4,210,429 shares of the semiconductor company’s stock worth $121,471,000 after acquiring an additional 655,925 shares in the last quarter. ING Groep NV purchased a new stake in SolarEdge Technologies in the fourth quarter worth about $13,848,000. Finally, Kingsview Wealth Management LLC bought a new position in shares of SolarEdge Technologies during the fourth quarter valued at approximately $957,000. 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.