SolarEdge Technologies’ (SEDG) “Sell” Rating Reiterated at Glj Research

SolarEdge Technologies (NASDAQ:SEDG)‘s stock had its “sell” rating reiterated by investment analysts at Glj Research in a research note issued on Thursday,Benzinga reports.

SEDG has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft lowered their target price on SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating on the stock in a report on Thursday, May 7th. Barclays upped their target price on SolarEdge Technologies from $39.00 to $41.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. JPMorgan Chase & Co. upped their target price on SolarEdge Technologies from $32.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, April 16th. Weiss Ratings lowered SolarEdge Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, May 21st. Finally, Wells Fargo & Company increased their price objective on SolarEdge Technologies from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. One equities research analyst has rated the stock with a Buy rating, fifteen have assigned a Hold rating and seven have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $33.25.

SolarEdge Technologies Price Performance

SolarEdge Technologies stock opened at $54.54 on Thursday. The business has a 50 day simple moving average of $51.99 and a 200-day simple moving average of $41.19. The stock has a market capitalization of $3.32 billion, a PE ratio of -8.90 and a beta of 1.42. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.02 and a quick ratio of 1.36. SolarEdge Technologies has a 12 month low of $13.73 and a 12 month high of $81.25.

SolarEdge Technologies (NASDAQ:SEDG) last released its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.20). The business had revenue of $309.90 million during the quarter, compared to analysts’ expectations of $305.49 million. SolarEdge Technologies had a negative return on equity of 38.66% and a negative net margin of 28.56%.The company’s revenue was up 41.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.14) EPS. Equities analysts predict that SolarEdge Technologies will post -1.12 earnings per share for the current year.

Insider Activity at SolarEdge Technologies

In other news, Chairman More Avery sold 2,566 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $38.76, for a total value of $99,458.16. Following the transaction, the chairman directly owned 295,379 shares in the company, valued at $11,448,890.04. This trade represents a 0.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.04% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SolarEdge Technologies

A number of large investors have recently modified their holdings of the company. UBS Group AG raised its holdings in shares of SolarEdge Technologies by 18.5% during the 4th quarter. UBS Group AG now owns 4,210,429 shares of the semiconductor company’s stock valued at $121,471,000 after buying an additional 655,925 shares during the period. Vanguard Group Inc. raised its holdings in shares of SolarEdge Technologies by 5.5% during the 4th quarter. Vanguard Group Inc. now owns 3,368,073 shares of the semiconductor company’s stock valued at $97,169,000 after buying an additional 175,582 shares during the period. Invesco Ltd. raised its holdings in shares of SolarEdge Technologies by 28.6% during the 4th quarter. Invesco Ltd. now owns 2,169,822 shares of the semiconductor company’s stock valued at $62,599,000 after buying an additional 483,052 shares during the period. Menora Mivtachim Holdings LTD. raised its holdings in shares of SolarEdge Technologies by 41.1% during the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 2,103,521 shares of the semiconductor company’s stock valued at $77,830,000 after buying an additional 612,884 shares during the period. Finally, Electron Capital Partners LLC raised its holdings in shares of SolarEdge Technologies by 107.8% during the 3rd quarter. Electron Capital Partners LLC now owns 1,732,566 shares of the semiconductor company’s stock valued at $64,105,000 after buying an additional 898,802 shares during the period. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

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.