SolarEdge Technologies (NASDAQ:SEDG) Trading Up 10.1% – Here’s What Happened

SolarEdge Technologies, Inc. (NASDAQ:SEDG) shot up 10.1% on Monday . The company traded as high as $57.75 and last traded at $57.6590. Approximately 943,696 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 3,579,522 shares. The stock had previously closed at $52.38.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SEDG. Bank of America raised SolarEdge Technologies from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $17.00 to $40.00 in a research note on Tuesday, March 10th. UBS Group increased their price objective on shares of SolarEdge Technologies from $36.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Jefferies Financial Group raised shares of SolarEdge Technologies from an “underperform” rating to a “hold” rating and boosted their target price for the stock from $30.00 to $49.00 in a report on Friday, March 20th. Glj Research restated a “sell” rating on shares of SolarEdge Technologies in a research report on Thursday, June 11th. Finally, Barclays lifted their price target on shares of SolarEdge Technologies from $39.00 to $41.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. 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 stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $35.67.

SolarEdge Technologies Price Performance

The firm has a market capitalization of $3.48 billion, a P/E ratio of -9.37 and a beta of 1.45. 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 firm has a 50 day moving average price of $56.08 and a 200-day moving average price of $43.96.

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

Insider Activity

In other news, Chairman More Avery sold 2,566 shares of the firm’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 completion of the sale, the chairman owned 295,379 shares in the company, valued at approximately $11,448,890.04. This trade represents a 0.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.04% of the company’s stock.

Institutional Trading of SolarEdge Technologies

Several institutional investors have recently added to or reduced their stakes in SEDG. State of Wyoming bought a new position in shares of SolarEdge Technologies during the fourth quarter valued at approximately $27,000. Saranac Partners Ltd purchased a new position in SolarEdge Technologies during the 3rd quarter valued at $28,000. Rakuten Securities Inc. boosted its holdings in SolarEdge Technologies by 82.1% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 432 shares during the period. Kestra Advisory Services LLC bought a new position in SolarEdge Technologies in the 4th quarter valued at $31,000. Finally, Canada Pension Plan Investment Board purchased a new stake in SolarEdge Technologies in the second quarter worth $35,000. Institutional investors 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.