SolarEdge Technologies (NASDAQ:SEDG) Trading 8.4% Higher – What’s Next?

SolarEdge Technologies, Inc. (NASDAQ:SEDG) traded up 8.4% during trading on Monday . The company traded as high as $38.18 and last traded at $38.3880. 1,028,454 shares were traded during mid-day trading, a decline of 68% from the average session volume of 3,188,982 shares. The stock had previously closed at $35.40.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. UBS Group boosted their price target on shares of SolarEdge Technologies from $30.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, November 14th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of SolarEdge Technologies from $35.00 to $33.00 and set a “hold” rating on the stock in a research note on Friday, February 20th. Barclays raised their price target on shares of SolarEdge Technologies from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. Raymond James Financial initiated coverage on SolarEdge Technologies in a research note on Tuesday, January 13th. They issued a “market perform” rating on the stock. Finally, Jefferies Financial Group restated an “underperform” rating on shares of SolarEdge Technologies in a research report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, sixteen have issued a Hold rating and seven have issued a Sell rating to the company’s stock. According to MarketBeat.com, SolarEdge Technologies currently has a consensus rating of “Reduce” and an average price target of $27.28.

SolarEdge Technologies Trading Up 12.3%

The business has a 50 day moving average of $33.88 and a 200 day moving average of $34.38. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of -5.78 and a beta of 1.66. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.17 and a quick ratio of 1.48.

SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly earnings results on Wednesday, February 18th. The semiconductor company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.05. The business had revenue of $333.80 million for the quarter, compared to the consensus estimate of $330.33 million. SolarEdge Technologies had a negative net margin of 34.23% and a negative return on equity of 45.54%. SolarEdge Technologies’s revenue for the quarter was up 70.9% on a year-over-year basis. During the same period last year, the company posted ($3.52) EPS. As a group, research analysts predict that SolarEdge Technologies, Inc. will post -4.54 earnings per share for the current fiscal year.

Institutional Trading of SolarEdge Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Invesco Ltd. raised its holdings in 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 period. Mackenzie Financial Corp lifted its holdings in SolarEdge Technologies by 28.9% during the 4th quarter. Mackenzie Financial Corp now owns 7,055 shares of the semiconductor company’s stock worth $204,000 after purchasing an additional 1,583 shares during the last quarter. Empowered Funds LLC bought a new stake in SolarEdge Technologies in the 4th quarter valued at $44,000. Polymer Capital Management US LLC acquired a new position in SolarEdge Technologies in the 4th quarter valued at $397,000. Finally, Moore Capital Management LP bought a new position in SolarEdge Technologies during the 4th quarter worth $4,516,000. Institutional investors own 95.10% of the company’s stock.

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.