SolarEdge Technologies (NASDAQ:SEDG) Stock Price Up 7.2% – Should You Buy?

SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s share price rose 7.2% during trading on Thursday . The company traded as high as $60.41 and last traded at $60.2540. Approximately 1,534,786 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 3,659,985 shares. The stock had previously closed at $56.22.

Analysts Set New Price Targets

SEDG has been the topic of a number of recent analyst reports. Susquehanna lifted their price objective on SolarEdge Technologies from $37.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. Royal Bank Of Canada dropped their price objective on SolarEdge Technologies from $32.00 to $30.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 7th. Morgan Stanley lifted their price objective on SolarEdge Technologies from $33.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 19th. Citigroup dropped their price objective on SolarEdge Technologies from $30.00 to $27.00 and set a “sell” rating on the stock in a research note on Thursday, May 7th. Finally, Barclays lifted their price objective on SolarEdge Technologies from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Buy rating, sixteen have given a Hold rating and seven have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $30.40.

SolarEdge Technologies Stock Up 13.0%

The company has a debt-to-equity ratio of 0.85, a current ratio of 2.02 and a quick ratio of 1.36. The stock has a market capitalization of $3.86 billion, a P/E ratio of -10.38 and a beta of 1.18. The firm has a 50 day moving average of $44.92 and a 200-day moving average of $37.94.

SolarEdge Technologies (NASDAQ:SEDG) last issued its quarterly 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). SolarEdge Technologies had a negative net margin of 28.56% and a negative return on equity of 38.66%. The firm had revenue of $309.90 million for the quarter, compared to the consensus estimate of $305.49 million. During the same quarter in the prior year, the firm earned ($1.14) earnings per share. The company’s revenue was up 41.5% on a year-over-year basis. On average, equities research analysts expect that SolarEdge Technologies, Inc. will post -1.12 earnings per share for the current fiscal year.

Insider Buying and Selling at SolarEdge Technologies

In other news, Chairman More Avery sold 2,566 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $38.76, for a total value of $99,458.16. Following the sale, the chairman directly owned 295,379 shares in the company, valued at approximately $11,448,890.04. This represents a 0.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.71% of the company’s stock.

Institutional Investors Weigh In On SolarEdge Technologies

Several large investors have recently modified their holdings of SEDG. UBS Group AG grew its stake in shares of SolarEdge Technologies by 234.8% in the 3rd quarter. UBS Group AG now owns 3,554,504 shares of the semiconductor company’s stock valued at $131,517,000 after purchasing an additional 2,492,776 shares during the period. Electron Capital Partners LLC grew its stake in shares of SolarEdge Technologies by 107.8% in the 3rd quarter. Electron Capital Partners LLC now owns 1,732,566 shares of the semiconductor company’s stock valued at $64,105,000 after purchasing an additional 898,802 shares during the period. Meitav Investment House Ltd. grew its stake in shares of SolarEdge Technologies by 541.6% in the 1st quarter. Meitav Investment House Ltd. now owns 1,017,551 shares of the semiconductor company’s stock valued at $51,946,000 after purchasing an additional 858,954 shares during the period. ION Fund Management Ltd bought a new stake in shares of SolarEdge Technologies in the 4th quarter valued at approximately $22,965,000. Finally, Handelsbanken Fonder AB bought a new stake in shares of SolarEdge Technologies in the 3rd quarter valued at approximately $24,348,000. 95.10% of the stock is currently owned by institutional investors.

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.