SolarEdge Technologies Target of Unusually High Options Trading (NASDAQ:SEDG)

SolarEdge Technologies, Inc. (NASDAQ:SEDG) was the target of unusually large options trading activity on Wednesday. Stock investors purchased 20,931 put options on the stock. This is an increase of approximately 108% compared to the typical daily volume of 10,043 put options.

Analysts Set New Price Targets

SEDG has been the subject of a number of recent analyst reports. TD Cowen raised their price objective on shares of SolarEdge Technologies from $38.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Bank of America upgraded shares of SolarEdge Technologies from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $17.00 to $40.00 in a research report on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft lowered their target price on SolarEdge Technologies from $35.00 to $33.00 and set a “hold” rating on the stock in a report on Friday, February 20th. Wells Fargo & Company lifted their target price on shares of SolarEdge Technologies from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Finally, The Goldman Sachs Group upped their price target on shares of SolarEdge Technologies from $32.00 to $36.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. One research analyst has rated the stock with a Buy rating, eighteen have issued a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $29.09.

SolarEdge Technologies Trading Up 6.7%

NASDAQ SEDG traded up $3.21 on Wednesday, reaching $50.88. The company had a trading volume of 2,133,021 shares, compared to its average volume of 3,382,581. The stock’s 50 day moving average is $37.10 and its 200-day moving average is $35.36. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of -7.38 and a beta of 1.62. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.82. SolarEdge Technologies has a 52 week low of $11.00 and a 52 week high of $53.28.

SolarEdge Technologies (NASDAQ:SEDG) last posted its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.05. The company had revenue of $333.80 million during the quarter, compared to analysts’ expectations of $330.33 million. SolarEdge Technologies had a negative return on equity of 45.54% and a negative net margin of 34.23%.SolarEdge Technologies’s revenue for the quarter was up 70.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($3.52) earnings per share. Equities analysts predict that SolarEdge Technologies will post -4.54 earnings per share for the current year.

Hedge Funds Weigh In On SolarEdge Technologies

Several large investors have recently modified their holdings of SEDG. UBS Group AG boosted its holdings in shares of SolarEdge Technologies by 234.8% during the 3rd quarter. UBS Group AG now owns 3,554,504 shares of the semiconductor company’s stock worth $131,517,000 after buying an additional 2,492,776 shares during the period. Assenagon Asset Management S.A. raised its holdings in SolarEdge Technologies by 612.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,448,643 shares of the semiconductor company’s stock valued at $53,600,000 after acquiring an additional 1,245,445 shares during the period. Menora Mivtachim Holdings LTD. lifted its position in SolarEdge Technologies by 213.4% during the second quarter. Menora Mivtachim Holdings LTD. now owns 1,490,637 shares of the semiconductor company’s stock worth $30,409,000 after acquiring an additional 1,015,017 shares during the last quarter. Electron Capital Partners LLC lifted its position in SolarEdge Technologies by 107.8% during the third quarter. Electron Capital Partners LLC now owns 1,732,566 shares of the semiconductor company’s stock worth $64,105,000 after acquiring an additional 898,802 shares during the last quarter. Finally, ION Fund Management Ltd bought a new stake in shares of SolarEdge Technologies during the fourth quarter worth approximately $22,965,000. 95.10% of the stock is owned by institutional investors.

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.