SolarEdge Technologies (NASDAQ:SEDG) Sets New 1-Year High – Time to Buy?

SolarEdge Technologies, Inc. (NASDAQ:SEDG) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $53.75 and last traded at $50.6040, with a volume of 729520 shares. The stock had previously closed at $51.05.

Wall Street Analysts Forecast Growth

SEDG has been the subject of a number of recent research reports. Wells Fargo & Company increased their target price on shares of SolarEdge Technologies from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SolarEdge Technologies in a research note on Monday, December 29th. Jefferies Financial Group raised shares of SolarEdge Technologies from an “underperform” rating to a “hold” rating and raised their target price for the stock from $30.00 to $49.00 in a research note on Friday, March 20th. UBS Group lowered their target price on SolarEdge Technologies from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, March 2nd. Finally, Raymond James Financial initiated coverage on SolarEdge Technologies in a research report on Tuesday, January 13th. They issued a “market perform” rating for the company. One analyst has rated the stock with a Buy rating, eighteen have issued a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $29.09.

SolarEdge Technologies Trading Down 6.0%

The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of -7.09 and a beta of 1.35. The company’s 50-day moving average is $39.41 and its 200-day moving average is $36.27. 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 (NASDAQ:SEDG) last posted its earnings results on Thursday, February 26th. The semiconductor company reported ($0.14) earnings per share for the quarter. The firm had revenue of $333.80 million during the quarter. SolarEdge Technologies had a negative net margin of 34.23% and a negative return on equity of 45.54%. Research analysts anticipate that SolarEdge Technologies, Inc. will post -4.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SolarEdge Technologies

Large investors have recently modified their holdings of the business. UBS Group AG increased its position 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 purchasing an additional 2,492,776 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of SolarEdge Technologies by 612.9% during the third 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 last quarter. Menora Mivtachim Holdings LTD. raised its stake in shares of SolarEdge Technologies by 213.4% in the 2nd quarter. Menora Mivtachim Holdings LTD. now owns 1,490,637 shares of the semiconductor company’s stock valued at $30,409,000 after acquiring an additional 1,015,017 shares during the period. Electron Capital Partners LLC raised its stake in shares of SolarEdge Technologies by 107.8% in the 3rd 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. Finally, ION Fund Management Ltd acquired a new position in shares of SolarEdge Technologies in the 4th quarter worth approximately $22,965,000. Institutional investors and hedge funds 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.