Janney Montgomery Scott LLC Takes $6.01 Million Position in SolarEdge Technologies, Inc. $SEDG

Janney Montgomery Scott LLC purchased a new stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 117,822 shares of the semiconductor company’s stock, valued at approximately $6,015,000. Janney Montgomery Scott LLC owned approximately 0.19% of SolarEdge Technologies at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SEDG. State of Wyoming purchased a new position in SolarEdge Technologies in the fourth quarter worth $27,000. Saranac Partners Ltd purchased a new stake in shares of SolarEdge Technologies during the 3rd quarter worth $28,000. Rakuten Securities Inc. boosted its position in shares of SolarEdge Technologies by 82.1% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 432 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of SolarEdge Technologies during the 4th quarter worth $31,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of SolarEdge Technologies during the 2nd quarter worth $35,000. Institutional investors and hedge funds own 95.10% of the company’s stock.

Analyst Upgrades and Downgrades

SEDG has been the subject of several recent analyst reports. 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. Deutsche Bank Aktiengesellschaft lowered their target price on shares of SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating on the stock in a research report on Thursday, May 7th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $31.00 target price (down from $36.00) on shares of SolarEdge Technologies in a report on Wednesday, April 15th. Weiss Ratings upgraded shares of SolarEdge Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 24th. Finally, Royal Bank Of Canada decreased their price target on SolarEdge Technologies from $32.00 to $30.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and seven have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $35.67.

SolarEdge Technologies Price Performance

Shares of NASDAQ SEDG opened at $52.38 on Friday. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of -8.54 and a beta of 1.45. SolarEdge Technologies, Inc. has a 52 week low of $23.01 and a 52 week high of $81.25. The company’s 50-day moving average price is $56.08 and its 200 day moving average price is $43.85. The company has a current ratio of 2.02, a quick ratio of 1.36 and a debt-to-equity ratio of 0.85.

SolarEdge Technologies (NASDAQ:SEDG) last announced its earnings results on Wednesday, May 6th. The semiconductor company reported ($0.43) earnings per share (EPS) 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 business had revenue of $309.90 million for the quarter, compared to analyst estimates of $305.49 million. During the same quarter in the previous year, the firm posted ($1.14) EPS. The business’s revenue was up 41.5% on a year-over-year basis. As a group, research analysts forecast that SolarEdge Technologies, Inc. will post -1.12 earnings per share 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 that occurred on Thursday, May 7th. The shares were 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 of the company’s stock, valued at $11,448,890.04. This trade represents a 0.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.04% of the stock is owned by corporate insiders.

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.