1,302,103 Shares in SolarEdge Technologies, Inc. $SEDG Acquired by Legal & General Group Plc

Legal & General Group Plc purchased a new position in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,302,103 shares of the semiconductor company’s stock, valued at approximately $76,095,000. Legal & General Group Plc owned approximately 2.12% of SolarEdge Technologies as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. UBS Group AG raised 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 in the last quarter. Vanguard Group Inc. boosted its position in shares of SolarEdge Technologies by 5.5% during the 4th quarter. Vanguard Group Inc. now owns 3,368,073 shares of the semiconductor company’s stock worth $97,169,000 after acquiring an additional 175,582 shares in the last quarter. Invesco Ltd. increased its holdings 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 valued at $62,599,000 after acquiring an additional 483,052 shares during the last quarter. Electron Capital Partners LLC increased its holdings in shares of SolarEdge Technologies by 107.8% in the 3rd quarter. Electron Capital Partners LLC now owns 1,732,566 shares of the semiconductor company’s stock valued at $64,105,000 after acquiring an additional 898,802 shares during the last quarter. Finally, Artisan Partners Limited Partnership raised its position in shares of SolarEdge Technologies by 13.5% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,309,579 shares of the semiconductor company’s stock worth $37,781,000 after acquiring an additional 155,624 shares in the last quarter. 95.10% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting SolarEdge Technologies

Here are the key news stories impacting SolarEdge Technologies this week:

• Positive Sentiment: UBS upgraded SolarEdge to Buy from Neutral and raised its price target to $42 from $36, implying roughly 25% upside from the referenced share price. UBS views the rating change as overdue and expects improving policy support to strengthen the company’s outlook. Positive Report for SolarEdge Technologies from UBS SolarEdge Stock Surges After Overdue UBS Upgrade
• Positive Sentiment: New U.S. inverter import curbs could benefit SolarEdge. The policy may reduce competition from imported products and improve SolarEdge’s ability to capture domestic demand, pricing, and market share. UBS estimates the policy could provide as much as 40% upside, while solar peers Enphase Energy and First Solar did not receive the same immediate boost. SolarEdge Set to Benefit From FCC Inverter Import Ban SolarEdge Jumps as UBS Sees Upside From Import Curbs
• Neutral Sentiment: SolarEdge also benefited from broader strength in energy shares, adding a sector-wide element to the move rather than a purely company-specific catalyst. Is SolarEdge Catching a Bid as Energy Names Firm?
• Negative Sentiment: Valuation remains a concern. GuruFocus characterized the shares as overvalued despite assigning a GF Score of 74/100. SolarEdge continues to report negative profitability metrics, and analysts expect a full-year loss, which could limit the sustainability of the rally if policy benefits do not translate into stronger earnings. SolarEdge Stock and GuruFocus Valuation Analysis

SolarEdge Technologies Stock Performance

Shares of SolarEdge Technologies stock opened at $33.51 on Friday. The firm’s fifty day simple moving average is $44.23 and its 200-day simple moving average is $46.54. SolarEdge Technologies, Inc. has a 12 month low of $28.21 and a 12 month high of $81.25. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of -7.45 and a beta of 1.49. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.03 and a quick ratio of 1.38.

SolarEdge Technologies (NASDAQ:SEDG) last issued its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.07. The firm had revenue of $346.20 million during the quarter, compared to analysts’ expectations of $341.15 million. SolarEdge Technologies had a negative net margin of 20.29% and a negative return on equity of 29.17%. SolarEdge Technologies’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.81) EPS. As a group, equities analysts forecast that SolarEdge Technologies, Inc. will post -1.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SEDG. Barclays decreased their target price on SolarEdge Technologies from $53.00 to $37.00 and set an “equal weight” rating for the company in a research note on Thursday, August 6th. TD Cowen cut their price objective on shares of SolarEdge Technologies from $85.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Wells Fargo & Company initiated coverage on shares of SolarEdge Technologies in a research report on Monday, June 29th. They set an “equal weight” rating and a $36.00 price objective for the company. Susquehanna lowered their target price on shares of SolarEdge Technologies from $56.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Finally, The Goldman Sachs Group dropped their target price on shares of SolarEdge Technologies from $34.00 to $30.00 and set a “sell” rating on the stock in a research report on Thursday, August 6th. Two analysts have rated the stock with a Buy rating, ten have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $38.36.

SolarEdge Technologies 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.