Blue Grotto Capital LLC Invests $8.66 Million in SolarEdge Technologies, Inc. $SEDG

Blue Grotto Capital LLC acquired a new position in SolarEdge Technologies, Inc. (NASDAQ:SEDG) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 300,000 shares of the semiconductor company’s stock, valued at approximately $8,655,000. SolarEdge Technologies makes up about 0.9% of Blue Grotto Capital LLC’s holdings, making the stock its 24th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Accent Capital Management LLC purchased a new position in shares of SolarEdge Technologies in the 3rd quarter worth approximately $25,000. Saranac Partners Ltd purchased a new position in shares of SolarEdge Technologies in the 3rd quarter worth approximately $28,000. State of Wyoming purchased a new position in shares of SolarEdge Technologies in the 4th quarter worth approximately $27,000. Rakuten Securities Inc. grew its position in shares of SolarEdge Technologies by 82.1% in the 4th 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. Finally, Kestra Advisory Services LLC purchased a new position in shares of SolarEdge Technologies in the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 95.10% of the company’s stock.

SolarEdge Technologies Stock Down 1.0%

NASDAQ:SEDG opened at $60.19 on Tuesday. The company has a current ratio of 2.02, a quick ratio of 1.36 and a debt-to-equity ratio of 0.85. SolarEdge Technologies, Inc. has a twelve month low of $13.73 and a twelve month high of $81.25. The company’s 50 day moving average is $52.54 and its two-hundred day moving average is $41.72. The company has a market cap of $3.66 billion, a PE ratio of -9.82 and a beta of 1.42.

SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported ($0.43) 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 business had revenue of $309.90 million for the quarter, compared to analyst estimates of $305.49 million. During the same quarter in the previous year, the firm posted ($1.14) earnings per share. The business’s revenue was up 41.5% on a year-over-year basis. Analysts anticipate that SolarEdge Technologies, Inc. will post -1.12 EPS for the current year.

Insider Buying and Selling

In other SolarEdge Technologies news, Chairman More Avery sold 2,566 shares of SolarEdge Technologies stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $38.76, for a total transaction of $99,458.16. Following the completion of the sale, the chairman directly owned 295,379 shares in the company, valued at approximately $11,448,890.04. The trade was a 0.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.04% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SEDG. Citigroup cut their price objective on shares of SolarEdge Technologies from $30.00 to $27.00 and set a “sell” rating on the stock in a research report on Thursday, May 7th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $31.00 price objective (down from $36.00) on shares of SolarEdge Technologies in a research report on Wednesday, April 15th. Barclays lifted their price objective on shares of SolarEdge Technologies from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating on the stock in a research report on Thursday, May 7th. Finally, Weiss Ratings downgraded shares of SolarEdge Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and seven have issued a Sell rating to the company’s stock. According to MarketBeat.com, SolarEdge Technologies presently has an average rating of “Reduce” and a consensus target price of $33.25.

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.