BlueCrest Capital Management Ltd Buys Shares of 68,832 SolarEdge Technologies, Inc. $SEDG

BlueCrest Capital Management Ltd purchased a new position in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) in the 3rd quarter, HoldingsChannel reports. The firm purchased 68,832 shares of the semiconductor company’s stock, valued at approximately $2,547,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake 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 valued at $230,000 after purchasing an additional 302 shares during the last quarter. Tidal Investments LLC raised its stake in SolarEdge Technologies by 1.2% during the second quarter. Tidal Investments LLC now owns 42,411 shares of the semiconductor company’s stock worth $865,000 after buying an additional 484 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in SolarEdge Technologies by 7.9% in the third quarter. PNC Financial Services Group Inc. now owns 7,269 shares of the semiconductor company’s stock valued at $269,000 after buying an additional 530 shares during the period. Tower Research Capital LLC TRC lifted its holdings in SolarEdge Technologies by 28.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 553 shares during the period. Finally, Hantz Financial Services Inc. boosted its position in SolarEdge Technologies by 352.5% during the third quarter. Hantz Financial Services Inc. now owns 733 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 571 shares during the last quarter. Institutional investors and hedge funds own 95.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SEDG. Raymond James Financial started coverage on SolarEdge Technologies in a report on Tuesday, January 13th. They set a “market perform” rating for the company. UBS Group dropped their price objective on SolarEdge Technologies from $40.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, March 2nd. Wells Fargo & Company upped their target price on SolarEdge Technologies from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SolarEdge Technologies in a research note on Monday, December 29th. Finally, Citigroup lowered their target price on SolarEdge Technologies from $30.00 to $29.00 and set a “sell” rating for the company in a report on Thursday, December 18th. One analyst has rated the stock with a Buy rating, seventeen have given a Hold rating and seven have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $27.68.

SolarEdge Technologies Price Performance

Shares of NASDAQ SEDG opened at $42.88 on Wednesday. The firm has a market capitalization of $2.59 billion, a P/E ratio of -6.23 and a beta of 1.62. The firm’s 50-day moving average price is $35.63 and its 200-day moving average price is $34.87. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.82. SolarEdge Technologies, Inc. has a 1-year low of $11.00 and a 1-year high of $48.60.

SolarEdge Technologies (NASDAQ:SEDG) last issued its earnings results on Wednesday, February 18th. The semiconductor company reported ($0.14) EPS 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 company had revenue of $333.80 million during the quarter, compared to the consensus estimate of $330.33 million. During the same period last year, the business posted ($3.52) EPS. The firm’s revenue for the quarter was up 70.9% compared to the same quarter last year. Equities research analysts anticipate that SolarEdge Technologies, Inc. will post -4.54 earnings per share for the current fiscal year.

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.