SolarEdge Technologies, Inc. (NASDAQ:SEDG – Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $30.97, but opened at $34.18. SolarEdge Technologies shares last traded at $35.4610, with a volume of 1,341,084 shares traded.
Analyst Ratings Changes
A number of research analysts recently commented on SEDG shares. Raymond James Financial began coverage on SolarEdge Technologies in a report on Tuesday, January 13th. They issued a “market perform” rating on the stock. Morgan Stanley raised shares of SolarEdge Technologies from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $27.00 to $33.00 in a research note on Tuesday, December 16th. TD Cowen upgraded shares of SolarEdge Technologies from a “hold” rating to a “buy” rating and boosted their price target for the stock from $34.00 to $38.00 in a research note on Friday, January 9th. Weiss Ratings restated a “sell (d-)” rating on shares of SolarEdge Technologies in a research report on Monday, December 29th. Finally, Citigroup decreased their target price on SolarEdge Technologies from $30.00 to $29.00 and set a “sell” rating on the stock in a research report on Thursday, December 18th. One research analyst has rated the stock with a Buy rating, sixteen have assigned a Hold rating and eight have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $25.45.
Read Our Latest Research Report on SolarEdge Technologies
SolarEdge Technologies Stock Up 7.9%
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of SEDG. UBS Group AG raised its holdings in shares of SolarEdge Technologies by 18.5% in the 4th quarter. UBS Group AG now owns 4,210,429 shares of the semiconductor company’s stock valued at $121,471,000 after purchasing an additional 655,925 shares in the last quarter. Vanguard Group Inc. increased its holdings in SolarEdge Technologies by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 3,368,073 shares of the semiconductor company’s stock valued at $97,169,000 after buying an additional 175,582 shares during the period. Menora Mivtachim Holdings LTD. raised its stake 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 buying an additional 612,884 shares in the last quarter. Electron Capital Partners LLC lifted its holdings in SolarEdge Technologies by 107.8% during the third quarter. Electron Capital Partners LLC now owns 1,732,566 shares of the semiconductor company’s stock worth $64,105,000 after buying an additional 898,802 shares during the period. Finally, Invesco Ltd. boosted its position in SolarEdge Technologies by 14.9% during the 3rd quarter. Invesco Ltd. now owns 1,686,770 shares of the semiconductor company’s stock valued at $62,410,000 after acquiring an additional 218,935 shares in the last quarter. Institutional investors 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.
Recommended Stories
- Five stocks we like better than SolarEdge Technologies
- NEW LAW: Congress Approves Setup For Digital Dollar?
- ~$1.5T SpaceX IPO: Pre-IPO Opportunity
- “Fed Proof” Your Bank Account with THESE 4 Simple Steps
- What a Former CIA Agent Knows About the Coming Collapse
- Trade this between 9:30 and 10:45 am EST
Receive News & Ratings for SolarEdge Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SolarEdge Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
