SolarEdge Technologies (NASDAQ:SEDG) Chairman More Avery Sells 2,566 Shares

SolarEdge Technologies, Inc. (NASDAQ:SEDG) Chairman More Avery sold 2,566 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $38.76, for a total transaction of $99,458.16. Following the completion of the sale, the chairman owned 295,379 shares in the company, valued at approximately $11,448,890.04. This trade represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

SolarEdge Technologies Price Performance

SolarEdge Technologies stock traded up $1.10 during midday trading on Monday, hitting $42.40. The company’s stock had a trading volume of 1,326,959 shares, compared to its average volume of 3,486,768. The company has a quick ratio of 1.36, a current ratio of 2.02 and a debt-to-equity ratio of 0.85. The stock’s 50-day moving average price is $42.79 and its 200-day moving average price is $37.22. SolarEdge Technologies, Inc. has a 12 month low of $13.73 and a 12 month high of $53.75. The company has a market capitalization of $2.58 billion, a PE ratio of -6.93 and a beta of 1.18.

SolarEdge Technologies (NASDAQ:SEDG) last issued its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.20). The company had revenue of $309.90 million during the quarter, compared to analysts’ expectations of $305.49 million. SolarEdge Technologies had a negative return on equity of 38.66% and a negative net margin of 28.56%.The company’s revenue for the quarter was up 41.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($1.14) EPS. Analysts anticipate that SolarEdge Technologies, Inc. will post -0.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. UBS Group lifted their price target on SolarEdge Technologies from $36.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft lowered their target price on SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. lifted their target price on SolarEdge Technologies from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. Citigroup lowered their target price on SolarEdge Technologies from $30.00 to $27.00 and set a “sell” rating on the stock in a research note on Thursday. Finally, Jefferies Financial Group raised SolarEdge Technologies from an “underperform” rating to a “hold” rating and lifted their target price for the company from $30.00 to $49.00 in a research note on Friday, March 20th. One research analyst has rated the stock with a Buy rating, sixteen have assigned a Hold rating and seven have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $30.40.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Oregon Public Employees Retirement Fund lifted its holdings in shares of SolarEdge Technologies by 2.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 13,677 shares of the semiconductor company’s stock worth $395,000 after buying an additional 300 shares during the last quarter. Rakuten Securities Inc. lifted its holdings in shares of SolarEdge Technologies by 82.1% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the semiconductor company’s stock worth $28,000 after buying an additional 432 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of SolarEdge Technologies by 1.2% during the second quarter. Tidal Investments LLC now owns 42,411 shares of the semiconductor company’s stock worth $865,000 after buying an additional 484 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of SolarEdge Technologies by 7.9% during the third quarter. PNC Financial Services Group Inc. now owns 7,269 shares of the semiconductor company’s stock worth $269,000 after buying an additional 530 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of SolarEdge Technologies by 28.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the semiconductor company’s stock worth $51,000 after buying an additional 553 shares during the last quarter. 95.10% of the stock is currently owned by institutional investors and hedge funds.

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.