Legal & General Group Plc Invests $76.09 Million in SolarEdge Technologies, Inc. $SEDG

Legal & General Group Plc purchased a new position in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 1,302,103 shares of the semiconductor company’s stock, valued at approximately $76,095,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of Wyoming purchased a new position in SolarEdge Technologies during the 4th quarter worth $27,000. Allworth Financial LP acquired a new stake in shares of SolarEdge Technologies in the 2nd quarter worth $31,000. Kestra Advisory Services LLC purchased a new stake in shares of SolarEdge Technologies in the fourth quarter valued at about $31,000. Canada Pension Plan Investment Board purchased a new stake in shares of SolarEdge Technologies in the second quarter valued at about $35,000. Finally, Altshuler Shaham Ltd acquired a new position in shares of SolarEdge Technologies during the fourth quarter worth about $36,000. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on SEDG. TD Cowen cut their price target on shares of SolarEdge Technologies from $85.00 to $75.00 and set a “buy” rating for the company in a report on Monday, July 20th. Susquehanna lowered 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. Barclays dropped their target price on SolarEdge Technologies from $53.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 6th. The Goldman Sachs Group cut their target price on SolarEdge Technologies from $34.00 to $30.00 and set a “sell” rating for the company in a research note on Thursday, August 6th. Finally, Wells Fargo & Company started coverage on SolarEdge Technologies in a report on Monday, June 29th. They issued an “equal weight” rating and a $36.00 price target for the company. Two analysts have rated the stock with a Buy rating, ten have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $38.36.

SolarEdge Technologies Stock Up 1.3%

Shares of NASDAQ SEDG opened at $33.51 on Friday. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of -7.45 and a beta of 1.49. SolarEdge Technologies, Inc. has a 52 week low of $28.21 and a 52 week high of $81.25. The firm has a 50-day moving average price of $44.23 and a 200 day moving average price of $46.54. 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 issued its earnings results on Wednesday, August 5th. The semiconductor company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.07. SolarEdge Technologies had a negative net margin of 20.29% and a negative return on equity of 29.17%. The company had revenue of $346.20 million for the quarter, compared to analyst estimates of $341.15 million. During the same period in the prior year, the business posted ($0.81) earnings per share. The firm’s revenue for the quarter was up 19.6% compared to the same quarter last year. Equities research analysts anticipate that SolarEdge Technologies, Inc. will post -1.23 EPS for the current fiscal year.

Key Stories Impacting SolarEdge Technologies

Here are the key news stories impacting SolarEdge Technologies this week:

• Positive Sentiment: UBS upgraded SolarEdge to Buy from Neutral and raised its price target to $42 from $36, implying roughly 25% upside from the referenced share price. UBS views the rating change as overdue and expects improving policy support to strengthen the company’s outlook. Positive Report for SolarEdge Technologies from UBS SolarEdge Stock Surges After Overdue UBS Upgrade
• Positive Sentiment: New U.S. inverter import curbs could benefit SolarEdge. The policy may reduce competition from imported products and improve SolarEdge’s ability to capture domestic demand, pricing, and market share. UBS estimates the policy could provide as much as 40% upside, while solar peers Enphase Energy and First Solar did not receive the same immediate boost. SolarEdge Set to Benefit From FCC Inverter Import Ban SolarEdge Jumps as UBS Sees Upside From Import Curbs
• Neutral Sentiment: SolarEdge also benefited from broader strength in energy shares, adding a sector-wide element to the move rather than a purely company-specific catalyst. Is SolarEdge Catching a Bid as Energy Names Firm?
• Negative Sentiment: Valuation remains a concern. GuruFocus characterized the shares as overvalued despite assigning a GF Score of 74/100. SolarEdge continues to report negative profitability metrics, and analysts expect a full-year loss, which could limit the sustainability of the rally if policy benefits do not translate into stronger earnings. SolarEdge Stock and GuruFocus Valuation Analysis

About SolarEdge Technologies

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.