SolarEdge Technologies (NASDAQ:SEDG) Stock Price Down 9.5% – Here’s Why

SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s share price dropped 9.5% on Friday . The stock traded as low as $36.27 and last traded at $36.5650. Approximately 1,575,528 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 3,159,406 shares. The stock had previously closed at $40.40.

Wall Street Analysts Forecast Growth

SEDG has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of SolarEdge Technologies in a report on Monday, December 29th. Raymond James Financial started coverage on shares of SolarEdge Technologies in a research note on Tuesday, January 13th. They issued a “market perform” rating for the company. Jefferies Financial Group reaffirmed an “underperform” rating on shares of SolarEdge Technologies in a research report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft cut their target price on SolarEdge Technologies from $35.00 to $33.00 and set a “hold” rating on the stock in a research note on Friday, February 20th. Finally, Morgan Stanley boosted their price objective on shares of SolarEdge Technologies from $33.00 to $40.00 and gave the stock an “equal weight” rating in a report on Thursday, February 19th. One investment analyst has rated the stock with a Buy rating, sixteen have assigned a Hold rating and seven have given a Sell rating to the company’s stock. According to data from MarketBeat.com, SolarEdge Technologies presently has an average rating of “Reduce” and a consensus price target of $27.28.

SolarEdge Technologies Stock Performance

The business has a 50 day moving average of $33.76 and a 200 day moving average of $34.19. The company has a market capitalization of $2.06 billion, a P/E ratio of -5.00 and a beta of 1.66. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.82.

SolarEdge Technologies (NASDAQ:SEDG) last released its earnings results on Wednesday, February 18th. The semiconductor company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.05. SolarEdge Technologies had a negative return on equity of 45.54% and a negative net margin of 34.23%.The firm had revenue of $333.80 million for the quarter, compared to the consensus estimate of $330.33 million. During the same quarter in the previous year, the company posted ($3.52) EPS. The company’s revenue for the quarter was up 70.9% compared to the same quarter last year. On average, sell-side analysts predict that SolarEdge Technologies, Inc. will post -4.54 earnings per share for the current year.

Institutional Trading of SolarEdge Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Accent Capital Management LLC acquired a new stake in SolarEdge Technologies in the third quarter worth about $25,000. Whittier Trust Co. acquired a new position in SolarEdge Technologies during the third quarter worth $27,000. Hantz Financial Services Inc. grew its holdings in shares of SolarEdge Technologies by 352.5% during the third quarter. Hantz Financial Services Inc. now owns 733 shares of the semiconductor company’s stock worth $27,000 after buying an additional 571 shares in the last quarter. State of Wyoming purchased a new position in SolarEdge Technologies in the 4th quarter worth approximately $27,000. Finally, Saranac Partners Ltd purchased a new stake in SolarEdge Technologies in the 3rd quarter valued at $28,000. Institutional investors own 95.10% of the company’s stock.

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.