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

SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $38.11, but opened at $36.40. SolarEdge Technologies shares last traded at $38.4930, with a volume of 483,112 shares changing hands.

Key Stories Impacting SolarEdge Technologies

Here are the key news stories impacting SolarEdge Technologies this week:

• Positive Sentiment: Bank of America upgraded SEDG from Underperform to Neutral and raised its price target to $40 (from $17), a fresh catalyst that drove the intraday rally by improving sentiment and raising upside expectations. Read More.
• Positive Sentiment: Analysts (and coverage pieces) highlighted that SolarEdge’s revenue, margins and liquidity have stabilized versus prior volatility, supporting the view the downside is nearer term contained — this research underpinned the upgrade and the buying. Read More.
• Neutral Sentiment: Sector momentum amplified moves: broader solar/clean-energy names rallied intraday, contributing to SolarEdge’s roughly double-digit intraday pop before after-hours news. That means part of the move was industry-driven rather than company-specific. Read More.
• Negative Sentiment: SolarEdge announced CFO Asaf Alperovitz notified the Board he will step down to take a CFO role outside the industry; the Board has begun a search and Alperovitz will remain in place through mid‑June. Leadership transitions at the finance level introduce near-term execution and reporting uncertainty, which pressured the stock after-hours. Read More. Read More.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SEDG shares. Weiss Ratings restated a “sell (d-)” rating on shares of SolarEdge Technologies in a research note on Monday, December 29th. Barclays raised their price target on shares of SolarEdge Technologies from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. UBS Group cut their price objective on shares of SolarEdge Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, March 2nd. TD Cowen raised their target price on shares of SolarEdge Technologies from $38.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Finally, Morgan Stanley boosted their price target on SolarEdge Technologies from $33.00 to $40.00 and gave the company an “equal weight” rating in a research note on Thursday, February 19th. One research analyst has rated the stock with a Buy rating, seventeen have issued a Hold rating and seven have given a Sell rating to the company. According to MarketBeat.com, SolarEdge Technologies has an average rating of “Reduce” and an average target price of $27.68.

SolarEdge Technologies Trading Down 4.7%

The firm’s fifty day simple moving average is $34.81 and its 200 day simple moving average is $34.68. The stock has a market capitalization of $2.19 billion, a P/E ratio of -5.33 and a beta of 1.62. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.48 and a current ratio of 2.17.

SolarEdge Technologies (NASDAQ:SEDG) last posted its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $333.80 million during the quarter, compared to the consensus estimate of $330.33 million. During the same period in the prior year, the business posted ($3.52) earnings per share. SolarEdge Technologies’s quarterly revenue was up 70.9% on a year-over-year basis. As a group, equities research analysts forecast that SolarEdge Technologies, Inc. will post -4.54 EPS for the current fiscal year.

Hedge Funds Weigh In On SolarEdge Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund boosted its holdings in shares of SolarEdge Technologies by 2.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,677 shares of the semiconductor company’s stock valued at $395,000 after buying an additional 300 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of SolarEdge Technologies by 5.1% in the 3rd quarter. GAMMA Investing LLC now owns 6,207 shares of the semiconductor company’s stock worth $230,000 after purchasing an additional 302 shares in the last quarter. Resona Asset Management Co. Ltd. increased its position in SolarEdge Technologies by 6.7% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 6,472 shares of the semiconductor company’s stock valued at $128,000 after buying an additional 404 shares in the last quarter. Rakuten Securities Inc. raised its stake in SolarEdge Technologies by 82.1% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 432 shares during the last quarter. Finally, Tidal Investments LLC grew its position in SolarEdge Technologies by 1.2% in the 2nd quarter. Tidal Investments LLC now owns 42,411 shares of the semiconductor company’s stock worth $865,000 after purchasing an additional 484 shares during the period. Hedge funds and other 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.