SolarEdge Technologies, Inc. $SEDG Shares Sold by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC decreased its position in SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 79.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,410 shares of the semiconductor company’s stock after selling 79,511 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in SolarEdge Technologies were worth $1,042,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Private Advisor Group LLC purchased a new position in shares of SolarEdge Technologies during the first quarter worth $274,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of SolarEdge Technologies in the 1st quarter valued at $1,150,000. Janney Montgomery Scott LLC acquired a new position in SolarEdge Technologies during the 1st quarter worth about $6,015,000. Louisiana State Employees Retirement System acquired a new position in SolarEdge Technologies during the 1st quarter worth about $1,353,000. Finally, SG Americas Securities LLC boosted its holdings in SolarEdge Technologies by 5.4% during the 1st quarter. SG Americas Securities LLC now owns 289,907 shares of the semiconductor company’s stock valued at $14,800,000 after acquiring an additional 14,775 shares during the period. 95.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SEDG shares. Jefferies Financial Group raised SolarEdge Technologies from an “underperform” rating to a “hold” rating and lifted their target price for the company from $30.00 to $49.00 in a research report on Friday, March 20th. Susquehanna raised their price objective on shares of SolarEdge Technologies from $37.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Wells Fargo & Company began coverage on shares of SolarEdge Technologies in a report on Monday, June 29th. They issued an “equal weight” rating and a $36.00 price objective for the company. Glj Research reiterated a “sell” rating on shares of SolarEdge Technologies in a report on Thursday, June 11th. Finally, JPMorgan Chase & Co. raised their price target on shares of SolarEdge Technologies from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, April 16th. One research analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $35.67.

SolarEdge Technologies Stock Performance

Shares of SolarEdge Technologies stock opened at $52.38 on Friday. SolarEdge Technologies, Inc. has a one year low of $23.01 and a one year high of $81.25. The company has a market cap of $3.19 billion, a PE ratio of -8.54 and a beta of 1.45. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.36 and a current ratio of 2.02. The business has a 50-day simple moving average of $56.08 and a 200-day simple moving average of $43.85.

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 analysts’ consensus estimates of ($0.23) by ($0.20). SolarEdge Technologies had a negative return on equity of 38.66% and a negative net margin of 28.56%.The firm had revenue of $309.90 million for the quarter, compared to analysts’ expectations of $305.49 million. During the same quarter in the previous year, the company posted ($1.14) earnings per share. The firm’s quarterly revenue was up 41.5% on a year-over-year basis. On average, equities research analysts forecast that SolarEdge Technologies, Inc. will post -1.12 EPS for the current fiscal year.

Insider Activity at SolarEdge Technologies

In other news, Chairman More Avery sold 2,566 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $38.76, for a total value of $99,458.16. Following the sale, the chairman directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.04% of the company’s stock.

SolarEdge Technologies 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.