De Lisle Partners LLP Acquires New Holdings in SolarEdge Technologies, Inc. $SEDG

De Lisle Partners LLP bought a new stake in SolarEdge Technologies, Inc. (NASDAQ:SEDGFree Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 64,000 shares of the semiconductor company’s stock, valued at approximately $3,743,000. De Lisle Partners LLP owned approximately 0.10% of SolarEdge Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. State of Wyoming bought a new position in shares of SolarEdge Technologies during the fourth quarter worth $27,000. Rakuten Securities Inc. increased its position in shares of SolarEdge Technologies by 82.1% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 432 shares in the last quarter. Allworth Financial LP acquired a new stake in SolarEdge Technologies during the 2nd quarter worth $31,000. Kestra Advisory Services LLC acquired a new stake in SolarEdge Technologies during the 4th quarter worth $31,000. Finally, Canada Pension Plan Investment Board bought a new position in SolarEdge Technologies during the second quarter worth about $35,000. 95.10% of the stock is currently owned by institutional investors and hedge funds.

SolarEdge Technologies Stock Performance

SEDG opened at $30.83 on Friday. The business’s 50-day moving average price is $46.30 and its two-hundred day moving average price is $46.49. SolarEdge Technologies, Inc. has a 1 year low of $28.21 and a 1 year high of $81.25. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of -6.85 and a beta of 1.49. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.03 and a quick ratio of 1.38.

SolarEdge Technologies (NASDAQ:SEDGGet Free Report) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates 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 period in the previous year, the company posted ($0.81) earnings per share. Equities analysts expect that SolarEdge Technologies, Inc. will post -1.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Barclays lowered their price target on SolarEdge Technologies from $53.00 to $37.00 and set an “equal weight” rating for the company in a report on Thursday, August 6th. Susquehanna cut their price objective on SolarEdge Technologies from $56.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Royal Bank Of Canada decreased their price objective on SolarEdge Technologies from $30.00 to $24.00 and set a “sector perform” rating for the company in a research report on Thursday, August 6th. UBS Group increased their target price on SolarEdge Technologies from $36.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings upgraded shares of SolarEdge Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday. One investment analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $36.20.

Read Our Latest Research Report on SEDG

SolarEdge Technologies Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding SEDG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SolarEdge Technologies, Inc. (NASDAQ:SEDGFree Report).

Institutional Ownership by Quarter for SolarEdge Technologies (NASDAQ:SEDG)

Receive News & Ratings for SolarEdge Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SolarEdge Technologies and related companies with MarketBeat.com's FREE daily email newsletter.