SolarEdge Technologies (NASDAQ:SEDG) Trading Down 5.8% – Should You Sell?

SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s share price was down 5.8% on Tuesday . The company traded as low as $30.50 and last traded at $31.85. Approximately 1,168,234 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 4,809,616 shares. The stock had previously closed at $33.82.

Analyst Upgrades and Downgrades

SEDG has been the topic of several recent research reports. TD Cowen lifted their price target on shares of SolarEdge Technologies from $18.00 to $20.00 and gave the company a “hold” rating in a research note on Friday, August 8th. Wells Fargo & Company lifted their price target on shares of SolarEdge Technologies from $15.00 to $24.00 and gave the company an “equal weight” rating in a research note on Friday, August 8th. Glj Research lowered shares of SolarEdge Technologies from a “hold” rating to a “strong sell” rating and set a $6.90 price target on the stock. in a research note on Tuesday, June 17th. Oppenheimer reiterated a “market perform” rating on shares of SolarEdge Technologies in a research note on Monday, August 11th. Finally, Barclays upgraded shares of SolarEdge Technologies from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $12.00 to $29.00 in a research note on Monday, July 14th. Seventeen research analysts have rated the stock with a Hold rating and ten have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $18.20.

SolarEdge Technologies Trading Down 5.6%

The business’s 50 day moving average price is $27.08 and its 200-day moving average price is $20.10. The company has a current ratio of 1.94, a quick ratio of 1.42 and a debt-to-equity ratio of 0.72. The company has a market cap of $1.90 billion, a price-to-earnings ratio of -1.06 and a beta of 1.49.

SolarEdge Technologies (NASDAQ:SEDG) last posted its earnings results on Thursday, August 7th. The semiconductor company reported ($0.81) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.81). The company had revenue of $289.43 million during the quarter, compared to analysts’ expectations of $270.03 million. SolarEdge Technologies had a negative net margin of 177.64% and a negative return on equity of 191.53%. SolarEdge Technologies’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company posted ($1.79) EPS. SolarEdge Technologies has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that SolarEdge Technologies, Inc. will post -4.54 EPS for the current fiscal year.

Institutional Trading of SolarEdge Technologies

Hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp lifted its stake in shares of SolarEdge Technologies by 93.7% during the 1st quarter. Fifth Third Bancorp now owns 1,633 shares of the semiconductor company’s stock worth $26,000 after buying an additional 790 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its stake in SolarEdge Technologies by 60.0% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 1,600 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 600 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in SolarEdge Technologies in the 1st quarter worth about $35,000. Canada Pension Plan Investment Board acquired a new stake in SolarEdge Technologies in the 2nd quarter worth about $35,000. Finally, Tower Research Capital LLC TRC raised its stake in SolarEdge Technologies by 28.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 553 shares in the last quarter. Institutional investors and hedge funds own 95.10% of the company’s stock.

About SolarEdge Technologies

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.