SolarEdge Technologies (NASDAQ:SEDG) Trading Down 12.3% – Here’s What Happened

SolarEdge Technologies, Inc. (NASDAQ:SEDG) shares fell 12.3% during mid-day trading on Friday . The stock traded as low as $65.72 and last traded at $64.1690. 1,093,544 shares were traded during mid-day trading, a decline of 71% from the average session volume of 3,725,476 shares. The stock had previously closed at $73.14.

Analysts Set New Price Targets

Several brokerages have issued reports on SEDG. Susquehanna upped their target price on SolarEdge Technologies from $37.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. TD Cowen upped their target price on SolarEdge Technologies from $43.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Deutsche Bank Aktiengesellschaft cut their target price on SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating for the company in a research note on Thursday, May 7th. Morgan Stanley boosted their price target on shares of SolarEdge Technologies from $33.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 19th. Finally, JPMorgan Chase & Co. boosted their price target on shares of SolarEdge Technologies from $32.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and seven have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $33.25.

SolarEdge Technologies Price Performance

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 firm has a market capitalization of $3.89 billion, a P/E ratio of -10.37 and a beta of 1.42. The firm’s 50 day simple moving average is $51.21 and its two-hundred day simple moving average is $40.46.

SolarEdge Technologies (NASDAQ:SEDG) last posted its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.20). The business had revenue of $309.90 million during the quarter, compared to the consensus estimate of $305.49 million. SolarEdge Technologies had a negative return on equity of 38.66% and a negative net margin of 28.56%.The business’s revenue for the quarter was up 41.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.14) earnings per share. As a group, analysts predict that SolarEdge Technologies, Inc. will post -1.12 earnings per share for the current year.

Insider Activity

In other SolarEdge Technologies news, Chairman More Avery sold 2,566 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $38.76, for a total value of $99,458.16. Following the transaction, the chairman owned 295,379 shares in the company, valued at approximately $11,448,890.04. The trade was a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.04% of the company’s stock.

Hedge Funds Weigh In On SolarEdge Technologies

A number of hedge funds have recently modified their holdings of the company. UBS Group AG increased its position in shares of SolarEdge Technologies by 18.5% in the fourth quarter. UBS Group AG now owns 4,210,429 shares of the semiconductor company’s stock valued at $121,471,000 after acquiring an additional 655,925 shares during the period. Vanguard Group Inc. increased its position in shares of SolarEdge Technologies by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 3,368,073 shares of the semiconductor company’s stock valued at $97,169,000 after acquiring an additional 175,582 shares during the period. Invesco Ltd. increased its position in shares of SolarEdge Technologies by 28.6% in the fourth quarter. Invesco Ltd. now owns 2,169,822 shares of the semiconductor company’s stock valued at $62,599,000 after acquiring an additional 483,052 shares during the period. Menora Mivtachim Holdings LTD. increased its position in shares of SolarEdge Technologies by 41.1% in the third quarter. Menora Mivtachim Holdings LTD. now owns 2,103,521 shares of the semiconductor company’s stock valued at $77,830,000 after acquiring an additional 612,884 shares during the period. Finally, Electron Capital Partners LLC increased its position in shares of SolarEdge Technologies by 107.8% in the third quarter. Electron Capital Partners LLC now owns 1,732,566 shares of the semiconductor company’s stock valued at $64,105,000 after acquiring an additional 898,802 shares during the period. Hedge funds and other institutional investors own 95.10% of the company’s stock.

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.