SolarEdge Technologies, Inc. (NASDAQ:SEDG) Sees Significant Decrease in Short Interest

SolarEdge Technologies, Inc. (NASDAQ:SEDG) was the recipient of a large decrease in short interest in April. As of April 15th, there was short interest totaling 8,986,199 shares, a decrease of 19.4% from the March 31st total of 11,142,976 shares. Currently, 14.9% of the company’s shares are sold short. Based on an average daily trading volume, of 3,633,115 shares, the short-interest ratio is presently 2.5 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Public Sector Pension Investment Board grew its stake in SolarEdge Technologies by 15.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 231,604 shares of the semiconductor company’s stock valued at $8,569,000 after purchasing an additional 30,264 shares during the period. Convergence Investment Partners LLC bought a new position in SolarEdge Technologies in the 3rd quarter valued at $3,033,000. SG Americas Securities LLC grew its stake in SolarEdge Technologies by 59.7% in the 3rd quarter. SG Americas Securities LLC now owns 103,033 shares of the semiconductor company’s stock valued at $3,812,000 after purchasing an additional 38,511 shares during the period. Aquatic Capital Management LLC grew its stake in SolarEdge Technologies by 1,282.8% in the 3rd quarter. Aquatic Capital Management LLC now owns 125,473 shares of the semiconductor company’s stock valued at $4,643,000 after purchasing an additional 116,399 shares during the period. Finally, PGGM Investments bought a new position in SolarEdge Technologies in the 3rd quarter valued at $24,438,000. Institutional investors own 95.10% of the company’s stock.

SolarEdge Technologies Trading Up 0.1%

NASDAQ SEDG opened at $42.91 on Friday. The firm has a market capitalization of $2.61 billion, a P/E ratio of -6.24 and a beta of 1.35. The business has a fifty day simple moving average of $42.72 and a 200 day simple moving average of $37.18. SolarEdge Technologies has a 12 month low of $12.47 and a 12 month high of $53.75. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.82.

SolarEdge Technologies (NASDAQ:SEDG) last released its quarterly earnings results on Thursday, February 26th. The semiconductor company reported ($0.14) EPS for the quarter. The company had revenue of $333.80 million during the quarter. SolarEdge Technologies had a negative net margin of 34.23% and a negative return on equity of 45.54%. On average, analysts predict that SolarEdge Technologies will post -0.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. The Goldman Sachs Group restated a “sell” rating and set a $31.00 price target (down from $36.00) on shares of SolarEdge Technologies in a report on Wednesday, April 15th. Susquehanna increased their price target on SolarEdge Technologies from $37.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, April 9th. TD Cowen increased their price target on SolarEdge Technologies from $38.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Royal Bank Of Canada cut their price target on SolarEdge Technologies from $34.00 to $32.00 and set a “sector perform” rating on the stock in a report on Thursday, February 19th. Finally, Bank of America upgraded SolarEdge Technologies from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $17.00 to $40.00 in a report on Tuesday, March 10th. One equities research analyst has rated the stock with a Buy rating, seventeen have assigned a Hold rating and seven have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $29.90.

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.