Y.D. More Investments Ltd raised its holdings in SolarEdge Technologies, Inc. (NASDAQ:SEDG – Free Report) by 7,643.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 360,460 shares of the semiconductor company’s stock after acquiring an additional 355,805 shares during the period. SolarEdge Technologies comprises 0.5% of Y.D. More Investments Ltd’s holdings, making the stock its 28th biggest holding. Y.D. More Investments Ltd’s holdings in SolarEdge Technologies were worth $10,399,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the business. Accent Capital Management LLC bought a new position in shares of SolarEdge Technologies in the third quarter worth about $25,000. Hantz Financial Services Inc. increased its position in SolarEdge Technologies by 352.5% during 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 in the last quarter. Whittier Trust Co. acquired a new position in SolarEdge Technologies during the 3rd quarter worth approximately $27,000. Saranac Partners Ltd bought a new position in SolarEdge Technologies in the 3rd quarter valued at approximately $28,000. Finally, Canada Pension Plan Investment Board acquired a new stake in SolarEdge Technologies in the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 95.10% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on SEDG. Jefferies Financial Group upgraded shares of SolarEdge Technologies from an “underperform” rating to a “hold” rating and upped their price target for the stock from $30.00 to $49.00 in a report on Friday, March 20th. Barclays raised their price objective on SolarEdge Technologies from $36.00 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Wells Fargo & Company upped their target price on SolarEdge Technologies from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. Royal Bank Of Canada dropped their target price 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. Finally, UBS Group cut their price target 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. One research analyst has rated the stock with a Buy rating, eighteen have given a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat.com, SolarEdge Technologies has an average rating of “Reduce” and a consensus target price of $29.09.
SolarEdge Technologies Stock Performance
NASDAQ:SEDG opened at $48.75 on Monday. SolarEdge Technologies, Inc. has a 52 week low of $11.00 and a 52 week high of $53.75. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.48 and a current ratio of 2.17. The firm’s fifty day moving average is $39.69 and its 200-day moving average is $36.43. The firm has a market cap of $2.94 billion, a P/E ratio of -7.09 and a beta of 1.35.
SolarEdge Technologies (NASDAQ:SEDG – Get Free Report) last announced its earnings results on Thursday, February 26th. The semiconductor company reported ($0.14) earnings per share for the quarter. The firm had revenue of $333.80 million for the quarter. SolarEdge Technologies had a negative return on equity of 45.54% and a negative net margin of 34.23%. Equities analysts expect that SolarEdge Technologies, Inc. will post -4.54 earnings per share for the current year.
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.
See Also
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