SolarEdge Technologies (NASDAQ:SEDG) Shares Down 7.9% – Here’s What Happened

SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s stock price fell 7.9% during trading on Monday . The stock traded as low as $49.10 and last traded at $47.6640. 1,133,599 shares changed hands during trading, a decline of 66% from the average session volume of 3,334,917 shares. The stock had previously closed at $51.73.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of SolarEdge Technologies from $32.00 to $36.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. Citigroup dropped their target price on SolarEdge Technologies from $30.00 to $29.00 and set a “sell” rating on the stock in a report on Thursday, December 18th. UBS Group cut their target price on SolarEdge Technologies from $40.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft decreased their price target on SolarEdge Technologies from $35.00 to $33.00 and set a “hold” rating for the company in a report on Friday, February 20th. Finally, Royal Bank Of Canada lowered their price target on SolarEdge Technologies from $34.00 to $32.00 and set a “sector perform” rating for the company in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Buy rating, eighteen have assigned a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $29.09.

SolarEdge Technologies Stock Down 9.1%

The stock has a 50-day moving average of $36.60 and a 200 day moving average of $35.18. The company has a market capitalization of $2.84 billion, a PE ratio of -6.84 and a beta of 1.62. 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 announced its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported ($0.14) earnings per share (EPS) 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 firm had revenue of $333.80 million during the quarter, compared to the consensus estimate of $330.33 million. During the same quarter in the prior year, the company earned ($3.52) EPS. The business’s revenue for the quarter was up 70.9% on a year-over-year basis. Sell-side analysts anticipate that SolarEdge Technologies, Inc. will post -4.54 EPS for the current year.

Institutional Trading of SolarEdge Technologies

Hedge funds have recently added to or reduced their stakes in the stock. Accent Capital Management LLC bought a new position in shares of SolarEdge Technologies during the 3rd quarter valued at approximately $25,000. Hantz Financial Services Inc. raised its holdings in shares of SolarEdge Technologies by 352.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 733 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 571 shares during the period. Whittier Trust Co. purchased a new position in SolarEdge Technologies in the third quarter valued at approximately $27,000. Saranac Partners Ltd purchased a new position in SolarEdge Technologies in the third quarter valued at approximately $28,000. Finally, State of Wyoming bought a new position in SolarEdge Technologies during the fourth quarter valued at $27,000. 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.