SolarEdge Technologies (NASDAQ:SEDG) Shares Up 8.2% – Time to Buy?

SolarEdge Technologies, Inc. (NASDAQ:SEDG) was up 8.2% during mid-day trading on Monday . The company traded as high as $40.80 and last traded at $40.5270. Approximately 1,241,372 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 3,183,150 shares. The stock had previously closed at $37.44.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Bank of America raised shares of SolarEdge Technologies from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $17.00 to $40.00 in a research report on Tuesday, March 10th. TD Cowen increased their target price on shares of SolarEdge Technologies from $38.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of SolarEdge Technologies from $35.00 to $33.00 and set a “hold” rating on the stock in a report on Friday, February 20th. Citigroup cut their price objective on SolarEdge Technologies from $30.00 to $29.00 and set a “sell” rating for the company in a report on Thursday, December 18th. Finally, Morgan Stanley lifted their price objective on SolarEdge Technologies from $33.00 to $40.00 and gave the company an “equal weight” rating in a research report on Thursday, February 19th. One equities research analyst has rated the stock with a Buy rating, seventeen have assigned a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat.com, SolarEdge Technologies presently has a consensus rating of “Reduce” and a consensus price target of $27.68.

SolarEdge Technologies Price Performance

The company’s 50-day simple moving average is $35.63 and its 200 day simple moving average is $34.87. The company has a market capitalization of $2.59 billion, a P/E ratio of -6.23 and a beta of 1.62. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.82.

SolarEdge Technologies (NASDAQ:SEDG) last released its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.05. The business had revenue of $333.80 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 70.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($3.52) EPS. As a group, sell-side analysts expect that SolarEdge Technologies, Inc. will post -4.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SEDG. UBS Group AG lifted its holdings in SolarEdge Technologies by 18.5% in the 4th quarter. UBS Group AG now owns 4,210,429 shares of the semiconductor company’s stock worth $121,471,000 after purchasing an additional 655,925 shares during the last quarter. Vanguard Group Inc. raised its position in shares of 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 purchasing an additional 175,582 shares during the period. Invesco Ltd. raised its position in shares of 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 purchasing an additional 483,052 shares during the period. Menora Mivtachim Holdings LTD. lifted its stake in shares of 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 worth $77,830,000 after buying an additional 612,884 shares during the last quarter. Finally, Electron Capital Partners LLC boosted its holdings in shares of SolarEdge Technologies by 107.8% during the 3rd quarter. Electron Capital Partners LLC now owns 1,732,566 shares of the semiconductor company’s stock worth $64,105,000 after buying an additional 898,802 shares during the period. 95.10% of the stock is owned by 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.