SolarEdge Technologies’ (SEDG) “Sell” Rating Reiterated at Glj Research

SolarEdge Technologies (NASDAQ:SEDG)‘s stock had its “sell” rating restated by investment analysts at Glj Research in a research note issued to investors on Thursday,Benzinga reports.

A number of other equities analysts also recently issued reports on the company. JPMorgan Chase & Co. upped their price target on SolarEdge Technologies from $32.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, April 16th. Wells Fargo & Company upped their price target on SolarEdge Technologies from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. TD Cowen upped their price target on SolarEdge Technologies from $43.00 to $85.00 and gave the company a “buy” rating in a report on Friday, May 29th. Barclays upped their price target on SolarEdge Technologies from $39.00 to $41.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. Finally, UBS Group upped their price target on SolarEdge Technologies from $36.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. One 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 data from MarketBeat, SolarEdge Technologies has an average rating of “Reduce” and a consensus price target of $33.25.

SolarEdge Technologies Stock Performance

Shares of SolarEdge Technologies stock opened at $54.54 on Thursday. The business has a 50-day simple moving average of $51.99 and a 200-day simple moving average of $41.19. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.36 and a current ratio of 2.02. The company has a market cap of $3.32 billion, a PE ratio of -8.90 and a beta of 1.42. SolarEdge Technologies has a one year low of $13.73 and a one year high of $81.25.

SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly 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). The business had revenue of $309.90 million during the quarter, compared to analyst estimates of $305.49 million. SolarEdge Technologies had a negative net margin of 28.56% and a negative return on equity of 38.66%. The business’s revenue for the quarter was up 41.5% compared to the same quarter last year. During the same period last year, the company earned ($1.14) earnings per share. On average, equities research analysts forecast that SolarEdge Technologies will post -1.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other SolarEdge Technologies news, Chairman More Avery sold 2,566 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $38.76, for a total value of $99,458.16. Following the completion of the sale, the chairman owned 295,379 shares in the company, valued at approximately $11,448,890.04. The trade was a 0.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.04% of the company’s stock.

Institutional Investors Weigh In On SolarEdge Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS Group AG lifted its stake 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 valued at $121,471,000 after buying an additional 655,925 shares during the last quarter. Vanguard Group Inc. lifted its stake 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 valued at $97,169,000 after buying an additional 175,582 shares during the last quarter. Invesco Ltd. lifted its stake in SolarEdge Technologies by 28.6% in the fourth quarter. Invesco Ltd. now owns 2,169,822 shares of the semiconductor company’s stock valued at $62,599,000 after buying an additional 483,052 shares during the last quarter. Menora Mivtachim Holdings LTD. lifted 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 valued at $77,830,000 after buying an additional 612,884 shares during the last quarter. Finally, Electron Capital Partners LLC lifted its stake 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 valued at $64,105,000 after buying an additional 898,802 shares during the last quarter. Hedge funds and other institutional investors own 95.10% of the company’s stock.

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.