Electron Capital Partners LLC Lowers Holdings in SolarEdge Technologies, Inc. $SEDG

Electron Capital Partners LLC reduced its position in SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 33.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,078,678 shares of the semiconductor company’s stock after selling 545,144 shares during the quarter. SolarEdge Technologies makes up about 2.2% of Electron Capital Partners LLC’s holdings, making the stock its 17th largest holding. Electron Capital Partners LLC’s holdings in SolarEdge Technologies were worth $55,067,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SEDG. UBS Group AG raised its holdings in SolarEdge Technologies by 18.5% during the fourth quarter. UBS Group AG now owns 4,210,429 shares of the semiconductor company’s stock worth $121,471,000 after purchasing an additional 655,925 shares in the last quarter. Vanguard Group Inc. grew its stake 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 worth $97,169,000 after purchasing an additional 175,582 shares during the period. Invesco Ltd. grew its stake 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 worth $62,599,000 after purchasing an additional 483,052 shares during the period. Artisan Partners Limited Partnership increased its holdings in shares of SolarEdge Technologies by 13.5% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,309,579 shares of the semiconductor company’s stock valued at $37,781,000 after purchasing an additional 155,624 shares in the last quarter. Finally, Meitav Investment House Ltd. increased its holdings in shares of SolarEdge Technologies by 541.6% in the 1st quarter. Meitav Investment House Ltd. now owns 1,017,551 shares of the semiconductor company’s stock valued at $51,946,000 after purchasing an additional 858,954 shares in the last quarter. Hedge funds and other institutional investors own 95.10% of the company’s stock.

SolarEdge Technologies Trading Up 1.2%

NASDAQ:SEDG opened at $43.09 on Tuesday. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of -7.03 and a beta of 1.45. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.36 and a current ratio of 2.02. The business’s 50-day simple moving average is $57.90 and its 200 day simple moving average is $46.35. SolarEdge Technologies, Inc. has a one year low of $23.01 and a one year high of $81.25.

SolarEdge Technologies (NASDAQ:SEDG) last posted its quarterly earnings results 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). SolarEdge Technologies had a negative net margin of 28.56% and a negative return on equity of 38.66%. The company had revenue of $309.90 million during the quarter, compared to analyst estimates of $305.49 million. During the same period in the prior year, the company earned ($1.14) earnings per share. The company’s revenue was up 41.5% on a year-over-year basis. As a group, sell-side analysts predict that SolarEdge Technologies, Inc. will post -1.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on SEDG. Susquehanna boosted their price objective on shares of SolarEdge Technologies from $43.00 to $56.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Glj Research reissued a “sell” rating on shares of SolarEdge Technologies in a research note on Thursday, June 11th. Wells Fargo & Company initiated coverage on SolarEdge Technologies in a report on Monday, June 29th. They issued an “equal weight” rating and a $36.00 price target on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating for the company in a research note on Thursday, May 7th. Finally, Barclays boosted their target price on SolarEdge Technologies from $41.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Friday, July 10th. One analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $38.06.

Insider Transactions at SolarEdge Technologies

In other SolarEdge Technologies news, Chairman More Avery sold 2,566 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $38.76, for a total transaction of $99,458.16. Following the completion of the sale, the chairman owned 295,379 shares in the company, valued at $11,448,890.04. The trade was a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.04% of the stock is owned by company insiders.

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.