SolarEdge Technologies (NASDAQ:SEDG) Shares Gap Down – Here’s What Happened

SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $52.94, but opened at $50.34. SolarEdge Technologies shares last traded at $51.9070, with a volume of 819,835 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Glj Research restated a “sell” rating on shares of SolarEdge Technologies in a report on Thursday, June 11th. UBS Group boosted their price objective on shares of SolarEdge Technologies from $36.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Susquehanna boosted their price objective on shares of SolarEdge Technologies from $37.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. Barclays increased their target price on shares of SolarEdge Technologies from $39.00 to $41.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating for the company in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, fourteen have given a Hold rating and seven have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $35.67.

SolarEdge Technologies Price Performance

The firm has a market cap of $3.33 billion, a PE ratio of -8.93 and a beta of 1.45. The company has a quick ratio of 1.36, a current ratio of 2.02 and a debt-to-equity ratio of 0.85. The stock has a 50 day moving average price of $56.72 and a two-hundred day moving average price of $44.67.

SolarEdge Technologies (NASDAQ:SEDG) last posted its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.20). The company had revenue of $309.90 million for 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 was up 41.5% compared to the same quarter last year. During the same quarter last year, the company earned ($1.14) EPS. As a group, equities analysts expect that SolarEdge Technologies, Inc. will post -1.12 earnings per share for the current year.

Insider Transactions at SolarEdge Technologies

In other SolarEdge Technologies news, Chairman More Avery sold 2,566 shares of the company’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 transaction, the chairman owned 295,379 shares in the company, valued at approximately $11,448,890.04. This represents a 0.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.04% of the company’s stock.

Institutional Investors Weigh In On SolarEdge Technologies

A number of large investors have recently made changes to their positions in the stock. State of Wyoming acquired a new position in shares of SolarEdge Technologies in the 4th quarter valued at $27,000. Saranac Partners Ltd acquired a new stake in SolarEdge Technologies during the 3rd quarter worth about $28,000. Rakuten Securities Inc. lifted its position in 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 acquiring an additional 432 shares during the period. Kestra Advisory Services LLC purchased a new stake in SolarEdge Technologies during the 4th quarter valued at about $31,000. Finally, Canada Pension Plan Investment Board purchased a new stake in SolarEdge Technologies during the 2nd quarter valued at about $35,000. 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.