SolarEdge Technologies (NASDAQ:SEDG) Shares Gap Up – Time to Buy?

SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $30.97, but opened at $34.18. SolarEdge Technologies shares last traded at $35.4610, with a volume of 1,341,084 shares trading hands.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Morgan Stanley raised SolarEdge Technologies from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $27.00 to $33.00 in a research report on Tuesday, December 16th. JPMorgan Chase & Co. lifted their price target on shares of SolarEdge Technologies from $27.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Susquehanna boosted their target price on SolarEdge Technologies from $25.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, October 13th. Raymond James Financial initiated coverage on SolarEdge Technologies in a research report on Tuesday, January 13th. They set a “market perform” rating for the company. Finally, Wells Fargo & Company cut their price objective on SolarEdge Technologies from $42.00 to $33.00 and set an “equal weight” rating on the stock in a report on Friday, December 19th. One research analyst has rated the stock with a Buy rating, sixteen have issued a Hold rating and eight have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $25.45.

SolarEdge Technologies Stock Performance

The stock has a market capitalization of $1.96 billion, a PE ratio of -3.42 and a beta of 1.66. The company has a quick ratio of 1.60, a current ratio of 2.28 and a debt-to-equity ratio of 0.78. The stock has a fifty day moving average of $31.86 and a 200-day moving average of $33.06.

Institutional Trading of SolarEdge Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Accent Capital Management LLC purchased a new position in shares of SolarEdge Technologies in the 3rd quarter valued at $25,000. Whittier Trust Co. acquired a new position in SolarEdge Technologies in the third quarter valued at $27,000. Hantz Financial Services Inc. grew its holdings in shares of SolarEdge Technologies by 352.5% during the third quarter. Hantz Financial Services Inc. now owns 733 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 571 shares during the last quarter. Saranac Partners Ltd acquired a new stake in shares of SolarEdge Technologies during the third quarter worth about $28,000. Finally, Rakuten Securities Inc. increased its position in shares of SolarEdge Technologies by 82.1% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 432 shares in the last quarter. Institutional investors and hedge funds 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.