SolarEdge Technologies (NASDAQ:SEDG) Stock Price Down 12.3% – Here’s Why

SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s share price traded down 12.3% on Friday . The company traded as low as $65.72 and last traded at $64.1690. 1,093,544 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 3,725,476 shares. The stock had previously closed at $73.14.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. TD Cowen raised their price objective on shares of SolarEdge Technologies from $43.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, May 29th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $31.00 price objective (down from $36.00) on shares of SolarEdge Technologies in a research note on Wednesday, April 15th. 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. Bank of America raised shares of SolarEdge Technologies from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $17.00 to $40.00 in a research note on Tuesday, March 10th. Finally, JPMorgan Chase & Co. raised their price objective on shares of SolarEdge Technologies from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. One equities 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 company. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $33.25.

SolarEdge Technologies Price Performance

The company has a quick ratio of 1.36, a current ratio of 2.02 and a debt-to-equity ratio of 0.85. The business’s 50-day moving average is $51.45 and its two-hundred day moving average is $40.62. The company has a market capitalization of $3.84 billion, a P/E ratio of -10.31 and a beta of 1.42.

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

Insider Buying and Selling at SolarEdge Technologies

In related 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 transaction of $99,458.16. Following the transaction, the chairman directly owned 295,379 shares of the company’s stock, valued at $11,448,890.04. This trade represents a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.04% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SEDG. UBS Group AG raised its position in SolarEdge Technologies by 18.5% in the fourth quarter. UBS Group AG now owns 4,210,429 shares of the semiconductor company’s stock worth $121,471,000 after acquiring an additional 655,925 shares during the period. Vanguard Group Inc. raised its position in SolarEdge Technologies by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 3,368,073 shares of the semiconductor company’s stock worth $97,169,000 after acquiring an additional 175,582 shares during the period. Invesco Ltd. raised its position in SolarEdge Technologies by 28.6% in the fourth quarter. Invesco Ltd. now owns 2,169,822 shares of the semiconductor company’s stock worth $62,599,000 after acquiring an additional 483,052 shares during the period. Menora Mivtachim Holdings LTD. raised its position in SolarEdge Technologies by 41.1% in the third quarter. Menora Mivtachim Holdings LTD. now owns 2,103,521 shares of the semiconductor company’s stock worth $77,830,000 after acquiring an additional 612,884 shares during the period. Finally, Electron Capital Partners LLC raised its position in SolarEdge Technologies by 107.8% in 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 period. 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.