SolarEdge Technologies (NASDAQ:SEDG) Trading Up 8.6% – Time to Buy?

SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s share price was up 8.6% during trading on Friday . The stock traded as high as $41.00 and last traded at $41.09. Approximately 862,103 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 4,634,837 shares. The stock had previously closed at $37.82.

Wall Street Analyst Weigh In

Several equities analysts have commented on SEDG shares. JPMorgan Chase & Co. increased their target price on SolarEdge Technologies from $27.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Susquehanna raised their price objective on SolarEdge Technologies from $25.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, October 13th. Oppenheimer restated a “market perform” rating on shares of SolarEdge Technologies in a research report on Monday, August 11th. Wells Fargo & Company raised their price objective on SolarEdge Technologies from $15.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Friday, August 8th. Finally, Wall Street Zen upgraded SolarEdge Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Eighteen analysts have rated the stock with a Hold rating and eleven have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $21.68.

SolarEdge Technologies Stock Up 5.0%

The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.42 and a current ratio of 1.94. The stock’s 50 day simple moving average is $35.10 and its 200 day simple moving average is $25.34. The firm has a market cap of $2.36 billion, a P/E ratio of -1.33 and a beta of 1.58.

SolarEdge Technologies (NASDAQ:SEDG) last released its quarterly earnings data on Thursday, August 7th. The semiconductor company reported ($0.81) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.81). SolarEdge Technologies had a negative net margin of 177.64% and a negative return on equity of 191.53%. The firm had revenue of $289.43 million for the quarter, compared to analyst estimates of $270.03 million. During the same period last year, the firm earned ($1.79) earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. SolarEdge Technologies has set its Q3 2025 guidance at EPS. Research analysts anticipate that SolarEdge Technologies, Inc. will post -4.54 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC boosted its position in shares of SolarEdge Technologies by 59.7% during the third quarter. SG Americas Securities LLC now owns 103,033 shares of the semiconductor company’s stock valued at $3,812,000 after buying an additional 38,511 shares during the last quarter. Andrew Hill Investment Advisors Inc. purchased a new position in shares of SolarEdge Technologies during the third quarter valued at approximately $649,000. Assenagon Asset Management S.A. boosted its position in shares of SolarEdge Technologies by 612.9% during the third quarter. Assenagon Asset Management S.A. now owns 1,448,643 shares of the semiconductor company’s stock valued at $53,600,000 after buying an additional 1,245,445 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of SolarEdge Technologies by 5.1% during the third quarter. GAMMA Investing LLC now owns 6,207 shares of the semiconductor company’s stock valued at $230,000 after buying an additional 302 shares during the last quarter. Finally, Marex Group plc purchased a new position in shares of SolarEdge Technologies during the second quarter valued at approximately $518,000. Hedge funds and other institutional investors own 95.10% of the company’s stock.

SolarEdge Technologies Company Profile

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.