SolarEdge Technologies (NASDAQ:SEDG) Trading Down 4.5% Following Analyst Downgrade

SolarEdge Technologies, Inc. (NASDAQ:SEDG) shares dropped 4.5% during trading on Monday after TD Cowen lowered their price target on the stock from $85.00 to $75.00. TD Cowen currently has a buy rating on the stock. SolarEdge Technologies traded as low as $49.68 and last traded at $51.0830. 292,892 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 3,464,876 shares. The stock had previously closed at $53.47.

A number of other equities research analysts also recently commented on the company. JPMorgan Chase & Co. lifted their target price on SolarEdge Technologies from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, April 16th. UBS Group increased their price target on SolarEdge Technologies from $36.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Susquehanna raised their price objective on SolarEdge Technologies from $43.00 to $56.00 and gave the stock a “neutral” rating in a research report on Friday, July 10th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating on the stock in a report on Thursday, May 7th. Finally, Citigroup decreased their target price on shares of SolarEdge Technologies from $30.00 to $27.00 and set a “sell” rating on the stock in a research report on Thursday, May 7th. One analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat, SolarEdge Technologies has an average rating of “Reduce” and an average target price of $38.06.

Insider Buying and Selling

In related news, Chairman More Avery sold 2,566 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $38.76, for a total transaction of $99,458.16. Following the completion of the transaction, the chairman directly owned 295,379 shares in the company, valued at $11,448,890.04. This trade represents a 0.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.04% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SEDG. Goldman Sachs Group Inc. increased its stake in SolarEdge Technologies by 8.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 997,962 shares of the semiconductor company’s stock worth $16,147,000 after buying an additional 79,461 shares during the period. First Trust Advisors LP boosted its position in SolarEdge Technologies by 2.8% in the 2nd quarter. First Trust Advisors LP now owns 560,585 shares of the semiconductor company’s stock valued at $11,436,000 after buying an additional 15,333 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of SolarEdge Technologies by 4.6% in the second quarter. The Manufacturers Life Insurance Company now owns 16,023 shares of the semiconductor company’s stock worth $327,000 after acquiring an additional 700 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in shares of SolarEdge Technologies during the second quarter worth $206,000. Finally, Canada Pension Plan Investment Board purchased a new stake in SolarEdge Technologies during the 2nd quarter worth about $35,000. Hedge funds and other institutional investors own 95.10% of the company’s stock.

SolarEdge Technologies Trading Up 3.4%

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 company has a market cap of $3.06 billion, a PE ratio of -8.20 and a beta of 1.45. The company has a fifty day simple moving average of $58.53 and a two-hundred day simple moving average of $45.95.

SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.20). SolarEdge Technologies had a negative net margin of 28.56% and a negative return on equity of 38.66%. The company had revenue of $309.90 million during the quarter, compared to analysts’ expectations of $305.49 million. During the same quarter in the previous year, the business posted ($1.14) EPS. The business’s quarterly revenue was up 41.5% compared to the same quarter last year. Analysts anticipate that SolarEdge Technologies, Inc. will post -1.1 EPS for the current year.

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.