SolarEdge Technologies (NASDAQ:SEDG) Trading 8.3% Higher – Here’s Why

SolarEdge Technologies, Inc. (NASDAQ:SEDG) was up 8.3% on Thursday . The company traded as high as $45.30 and last traded at $46.3290. Approximately 869,512 shares were traded during trading, a decline of 75% from the average daily volume of 3,456,890 shares. The stock had previously closed at $42.77.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SEDG shares. JPMorgan Chase & Co. upped their price objective on SolarEdge Technologies from $32.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. Wells Fargo & Company upped their target price on SolarEdge Technologies from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. Morgan Stanley increased their price objective on SolarEdge Technologies from $33.00 to $40.00 and gave the company an “equal weight” rating in a report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft dropped their target price on SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating on the stock in a report on Thursday, May 7th. Finally, Barclays raised their target price on SolarEdge Technologies from $39.00 to $41.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. One analyst has rated the stock with a Buy rating, sixteen have given a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $30.40.

SolarEdge Technologies Trading Up 14.0%

The company has a current ratio of 2.02, a quick ratio of 1.36 and a debt-to-equity ratio of 0.85. The company has a fifty day simple moving average of $42.94 and a 200-day simple moving average of $37.31. The company has a market capitalization of $2.96 billion, a PE ratio of -7.88 and a beta of 1.18.

SolarEdge Technologies (NASDAQ:SEDG) last posted its earnings results on Wednesday, May 6th. The semiconductor company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.20). The business had revenue of $309.90 million for the quarter, compared to analyst estimates of $305.49 million. SolarEdge Technologies had a negative return on equity of 38.66% and a negative net margin of 28.56%.SolarEdge Technologies’s revenue was up 41.5% compared to the same quarter last year. During the same period last year, the business earned ($1.14) EPS. Analysts predict that SolarEdge Technologies, Inc. will post -0.71 EPS for the current year.

Insider Transactions at SolarEdge Technologies

In other SolarEdge Technologies news, Chairman More Avery sold 2,566 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $11,448,890.04. This trade represents a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.71% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SolarEdge Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Accent Capital Management LLC acquired a new stake in SolarEdge Technologies during the third quarter worth $25,000. Whittier Trust Co. acquired a new stake in shares of SolarEdge Technologies in the third quarter valued at $27,000. Hantz Financial Services Inc. grew its stake in shares of SolarEdge Technologies by 352.5% in the third quarter. Hantz Financial Services Inc. now owns 733 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 571 shares in the last quarter. State of Wyoming acquired a new stake in shares of SolarEdge Technologies in the fourth quarter valued at $27,000. Finally, Saranac Partners Ltd acquired a new stake in shares of SolarEdge Technologies in the third quarter valued at $28,000. Institutional investors and hedge funds own 95.10% of the company’s stock.

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.