SolarEdge Technologies (NASDAQ:SEDG) Stock Price Down 6.9% – Time to Sell?

Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) dropped 6.9% on Thursday . The company traded as low as $40.30 and last traded at $39.5720. Approximately 397,836 shares traded hands during trading, a decline of 91% from the average daily volume of 4,668,548 shares. The stock had previously closed at $42.51.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SEDG shares. Roth Capital boosted their target price on shares of SolarEdge Technologies from $15.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Oppenheimer restated a “market perform” rating on shares of SolarEdge Technologies in a research report on Monday, August 11th. Susquehanna lifted their price target on shares of SolarEdge Technologies from $25.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, October 13th. UBS Group upped their price target on SolarEdge Technologies from $30.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on SolarEdge Technologies from $19.00 to $28.00 and gave the stock a “hold” rating in a research report on Wednesday, October 1st. Eighteen analysts have rated the stock with a Hold rating and ten have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $24.62.

SolarEdge Technologies Stock Performance

The company has a quick ratio of 1.42, a current ratio of 1.94 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of -1.21 and a beta of 1.63. The stock has a fifty day moving average price of $36.74 and a two-hundred day moving average price of $27.99.

SolarEdge Technologies (NASDAQ:SEDG) last announced its earnings results on Wednesday, November 5th. The semiconductor company reported ($0.31) earnings per share for the quarter, beating the consensus estimate of ($0.43) by $0.12. The firm had revenue of $339.70 million during the quarter, compared to the consensus estimate of $331.13 million. SolarEdge Technologies had a negative net margin of 177.64% and a negative return on equity of 191.53%. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($15.33) EPS. SolarEdge Technologies has set its Q4 2025 guidance at EPS. As a group, analysts forecast that SolarEdge Technologies, Inc. will post -4.54 EPS for the current fiscal year.

Institutional Investors Weigh In On SolarEdge Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in SEDG. UBS Group AG grew its holdings in 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 buying an additional 2,492,776 shares during the period. Vanguard Group Inc. raised its stake in SolarEdge Technologies by 4.4% during the first quarter. Vanguard Group Inc. now owns 3,028,018 shares of the semiconductor company’s stock worth $48,993,000 after purchasing an additional 126,246 shares during the period. Menora Mivtachim Holdings LTD. boosted its holdings in shares of SolarEdge Technologies by 41.1% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 2,103,521 shares of the semiconductor company’s stock valued at $77,830,000 after purchasing an additional 612,884 shares during the last quarter. Ion Asset Management Ltd. grew its stake in shares of SolarEdge Technologies by 135.9% during the 1st quarter. Ion Asset Management Ltd. now owns 2,082,497 shares of the semiconductor company’s stock valued at $33,695,000 after buying an additional 1,199,801 shares during the period. Finally, Electron Capital Partners LLC increased its holdings in shares of SolarEdge Technologies by 107.8% during the 3rd quarter. Electron Capital Partners LLC now owns 1,732,566 shares of the semiconductor company’s stock worth $64,105,000 after buying an additional 898,802 shares during the last quarter. Hedge funds and other institutional investors own 95.10% of the company’s stock.

About SolarEdge Technologies

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.