SolarEdge Technologies (NASDAQ:SEDG) Trading Down 5% – What’s Next?

SolarEdge Technologies, Inc. (NASDAQ:SEDG) shares were down 5% during mid-day trading on Monday . The stock traded as low as $46.30 and last traded at $46.32. Approximately 694,098 shares were traded during trading, a decline of 79% from the average daily volume of 3,321,794 shares. The stock had previously closed at $48.75.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SEDG shares. Royal Bank Of Canada decreased their target price on SolarEdge Technologies from $34.00 to $32.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 19th. Raymond James Financial started coverage on SolarEdge Technologies in a research note on Tuesday, January 13th. They set a “market perform” rating on the stock. Barclays lifted their target price on SolarEdge Technologies from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. UBS Group reduced their price objective on SolarEdge Technologies from $40.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, March 2nd. Finally, The Goldman Sachs Group lifted their price objective on SolarEdge Technologies from $32.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Buy rating, eighteen have given a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, SolarEdge Technologies currently has an average rating of “Reduce” and an average price target of $29.09.

SolarEdge Technologies Trading Down 0.5%

The stock has a market cap of $2.63 billion, a PE ratio of -6.31 and a beta of 1.35. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.48 and a current ratio of 2.17. The stock has a fifty day moving average price of $40.09 and a 200 day moving average price of $36.56.

SolarEdge Technologies (NASDAQ:SEDG) last announced its earnings results on Thursday, February 26th. The semiconductor company reported ($0.14) EPS for the quarter. The company had revenue of $333.80 million during the quarter. SolarEdge Technologies had a negative return on equity of 45.54% and a negative net margin of 34.23%. Equities analysts expect that SolarEdge Technologies, Inc. will post -4.54 EPS for the current year.

Hedge Funds Weigh In On SolarEdge Technologies

A number of large investors have recently made changes to their positions in SEDG. Goldman Sachs Group Inc. boosted its stake in shares of 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 purchasing an additional 79,461 shares during the period. Rhumbline Advisers grew its position in SolarEdge Technologies by 3.9% in the 2nd quarter. Rhumbline Advisers now owns 81,492 shares of the semiconductor company’s stock valued at $1,662,000 after acquiring an additional 3,032 shares during the last quarter. American Century Companies Inc. grew its position in SolarEdge Technologies by 557.3% in the 2nd quarter. American Century Companies Inc. now owns 139,997 shares of the semiconductor company’s stock valued at $2,856,000 after acquiring an additional 118,699 shares during the last quarter. Quantbot Technologies LP grew its position in SolarEdge Technologies by 806.7% in the 2nd quarter. Quantbot Technologies LP now owns 46,969 shares of the semiconductor company’s stock valued at $958,000 after acquiring an additional 41,789 shares during the last quarter. Finally, First Trust Advisors LP grew 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 acquiring an additional 15,333 shares during the last quarter. 95.10% of the stock is owned by hedge funds and other institutional investors.

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.