SolarEdge Technologies (NASDAQ:SEDG) Shares Gap Down – Should You Sell?

SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $38.11, but opened at $36.40. SolarEdge Technologies shares last traded at $38.4930, with a volume of 483,112 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. UBS Group dropped their price objective on shares of SolarEdge Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, March 2nd. Wells Fargo & Company upped their price target on shares of SolarEdge Technologies from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. Citigroup dropped their price target on SolarEdge Technologies from $30.00 to $29.00 and set a “sell” rating for the company in a research note on Thursday, December 18th. TD Cowen raised their price objective on SolarEdge Technologies from $38.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Finally, The Goldman Sachs Group boosted their price objective on SolarEdge Technologies from $32.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. One equities research analyst has rated the stock with a Buy rating, seventeen have issued a Hold rating and seven have given a Sell rating to the stock. Based on data from MarketBeat, SolarEdge Technologies presently has a consensus rating of “Reduce” and a consensus price target of $27.68.

SolarEdge Technologies Trading Up 6.3%

The company has a market cap of $2.26 billion, a P/E ratio of -5.43 and a beta of 1.62. The firm’s 50 day moving average is $35.08 and its two-hundred day moving average is $34.69. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.82.

SolarEdge Technologies (NASDAQ:SEDG) last announced its earnings results on Wednesday, February 18th. The semiconductor company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.05. SolarEdge Technologies had a negative return on equity of 45.54% and a negative net margin of 34.23%.The business had revenue of $333.80 million for the quarter, compared to analysts’ expectations of $330.33 million. During the same period in the prior year, the business posted ($3.52) earnings per share. The firm’s revenue was up 70.9% on a year-over-year basis. As a group, equities research analysts anticipate that SolarEdge Technologies, Inc. will post -4.54 EPS for the current year.

Institutional Investors Weigh In On SolarEdge Technologies

Large investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new stake in SolarEdge Technologies during the fourth quarter valued at $140,000. Invesco Ltd. raised its position in shares of SolarEdge Technologies by 28.6% in the 4th 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 in the last quarter. Mackenzie Financial Corp lifted its stake in shares of SolarEdge Technologies by 28.9% in the 4th quarter. Mackenzie Financial Corp now owns 7,055 shares of the semiconductor company’s stock valued at $204,000 after purchasing an additional 1,583 shares during the period. Empowered Funds LLC bought a new stake in shares of SolarEdge Technologies during the 4th quarter valued at about $44,000. Finally, Polymer Capital Management US LLC acquired a new stake in SolarEdge Technologies during the fourth quarter worth approximately $397,000. 95.10% of the stock is currently owned by institutional investors and hedge funds.

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.