SolarEdge Technologies (NASDAQ:SEDG) Trading Down 7.1% – Time to Sell?

SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s stock price was down 7.1% during trading on Thursday . The stock traded as low as $29.91 and last traded at $32.6980. Approximately 1,810,554 shares traded hands during trading, a decline of 47% from the average session volume of 3,427,165 shares. The stock had previously closed at $35.21.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SEDG shares. Wells Fargo & Company began coverage on SolarEdge Technologies in a research note on Monday, June 29th. They set an “equal weight” rating and a $36.00 price target for the company. Weiss Ratings upgraded SolarEdge Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 21st. UBS Group raised SolarEdge Technologies from a “neutral” rating to a “buy” rating and raised their target price for the company from $36.00 to $42.00 in a research note on Wednesday, August 26th. TD Cowen lowered their target price on SolarEdge Technologies from $85.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Finally, Glj Research reiterated a “sell” rating on shares of SolarEdge Technologies in a research report on Thursday, June 11th. Two equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $38.36.

SolarEdge Technologies Stock Performance

The stock has a market cap of $2.09 billion, a price-to-earnings ratio of -7.55 and a beta of 1.44. The company’s 50-day simple moving average is $40.49 and its 200-day simple moving average is $46.41. The company has a quick ratio of 1.38, a current ratio of 2.03 and a debt-to-equity ratio of 0.85.

SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.07. The company had revenue of $346.20 million during the quarter, compared to the consensus estimate of $341.15 million. SolarEdge Technologies had a negative return on equity of 29.17% and a negative net margin of 20.29%.The company’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.81) EPS. Analysts predict that SolarEdge Technologies, Inc. will post -1.23 EPS for the current fiscal year.

Hedge Funds Weigh In On SolarEdge Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund increased its stake in SolarEdge Technologies by 2.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,677 shares of the semiconductor company’s stock worth $395,000 after purchasing an additional 300 shares in the last quarter. State of Wyoming lifted its stake in SolarEdge Technologies by 32.9% during the first quarter. State of Wyoming now owns 1,237 shares of the semiconductor company’s stock valued at $63,000 after buying an additional 306 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of SolarEdge Technologies by 1.2% in 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 period. Allworth Financial LP purchased a new position in shares of SolarEdge Technologies in the second quarter worth approximately $31,000. Finally, Tower Research Capital LLC TRC increased its position in shares of 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 worth $51,000 after acquiring an additional 553 shares in the last quarter. Institutional investors and hedge funds own 95.10% of the company’s stock.

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.