SolarEdge Technologies Sees Unusually Large Options Volume (NASDAQ:SEDG)

SolarEdge Technologies, Inc. (NASDAQ:SEDG) was the recipient of some unusual options trading activity on Wednesday. Traders acquired 29,223 call options on the stock. This represents an increase of 128% compared to the average daily volume of 12,800 call options.

Insider Transactions at SolarEdge Technologies

In other news, Chairman More Avery sold 2,566 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $38.76, for a total value of $99,458.16. Following the transaction, the chairman owned 295,379 shares of the company’s stock, valued at approximately $11,448,890.04. This trade represents a 0.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.71% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SolarEdge Technologies

Hedge funds have recently bought and sold shares of the stock. Accent Capital Management LLC purchased a new stake in shares of SolarEdge Technologies during the third quarter worth about $25,000. Whittier Trust Co. purchased a new position in SolarEdge Technologies during the third quarter worth approximately $27,000. Hantz Financial Services Inc. increased its holdings in shares of 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 buying an additional 571 shares during the last quarter. State of Wyoming purchased a new position in shares of SolarEdge Technologies in the 4th quarter worth $27,000. Finally, Saranac Partners Ltd acquired a new position in SolarEdge Technologies in the third quarter valued at $28,000. Hedge funds and other institutional investors own 95.10% of the company’s stock.

SolarEdge Technologies Price Performance

Shares of SEDG opened at $73.19 on Friday. The firm’s fifty day simple moving average is $48.39 and its 200-day simple moving average is $39.24. The company has a current ratio of 2.02, a quick ratio of 1.36 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of -11.94 and a beta of 1.18. SolarEdge Technologies has a twelve month low of $13.73 and a twelve month high of $75.73.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Weiss Ratings lowered SolarEdge Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, May 21st. UBS Group raised their price objective on shares of SolarEdge Technologies from $36.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Jefferies Financial Group upgraded shares of SolarEdge Technologies from an “underperform” rating to a “hold” rating and lifted their price objective for the company from $30.00 to $49.00 in a report on Friday, March 20th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $31.00 price objective (down from $36.00) on shares of SolarEdge Technologies in a research note on Wednesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating for the company in a research report on Thursday, May 7th. One analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat.com, SolarEdge Technologies has an average rating of “Reduce” and a consensus target price of $31.15.

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.