SolarEdge Technologies (NASDAQ:SEDG) Hits New 52-Week High – Here’s What Happened

SolarEdge Technologies, Inc. (NASDAQ:SEDG) reached a new 52-week high during trading on Wednesday . The stock traded as high as $53.75 and last traded at $50.6040, with a volume of 729520 shares traded. The stock had previously closed at $51.05.

Analyst Upgrades and Downgrades

Several brokerages have commented on SEDG. Raymond James Financial began coverage on shares of SolarEdge Technologies in a research note on Tuesday, January 13th. They issued a “market perform” rating on the stock. Bank of America raised SolarEdge Technologies from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $17.00 to $40.00 in a report on Tuesday, March 10th. UBS Group lowered their target price on SolarEdge Technologies from $40.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, March 2nd. TD Cowen lifted their target price on SolarEdge Technologies from $38.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Finally, Morgan Stanley boosted their price target on SolarEdge Technologies from $33.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 19th. One research analyst has rated the stock with a Buy rating, eighteen have assigned a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $29.09.

SolarEdge Technologies Trading Up 1.6%

The business’s 50 day moving average price is $38.76 and its two-hundred day moving average price is $36.07. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.48 and a current ratio of 2.17. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of -7.46 and a beta of 1.62.

SolarEdge Technologies (NASDAQ:SEDG) last posted its quarterly earnings data on Thursday, February 26th. The semiconductor company reported ($0.14) EPS for the quarter. SolarEdge Technologies had a negative net margin of 34.23% and a negative return on equity of 45.54%. The company had revenue of $333.80 million for the quarter. Equities analysts forecast that SolarEdge Technologies, Inc. will post -4.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SolarEdge Technologies

Hedge funds have recently modified their holdings of the company. Public Sector Pension Investment Board raised its holdings in shares of SolarEdge Technologies by 15.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 231,604 shares of the semiconductor company’s stock worth $8,569,000 after purchasing an additional 30,264 shares in the last quarter. Convergence Investment Partners LLC acquired a new stake in SolarEdge Technologies during the third quarter valued at approximately $3,033,000. SG Americas Securities LLC boosted its holdings in SolarEdge Technologies by 59.7% during the third quarter. SG Americas Securities LLC now owns 103,033 shares of the semiconductor company’s stock worth $3,812,000 after buying an additional 38,511 shares in the last quarter. Aquatic Capital Management LLC boosted its holdings in SolarEdge Technologies by 1,282.8% during the third quarter. Aquatic Capital Management LLC now owns 125,473 shares of the semiconductor company’s stock worth $4,643,000 after buying an additional 116,399 shares in the last quarter. Finally, Menora Mivtachim Holdings LTD. grew its position in SolarEdge Technologies by 213.4% in the second quarter. Menora Mivtachim Holdings LTD. now owns 1,490,637 shares of the semiconductor company’s stock worth $30,409,000 after buying an additional 1,015,017 shares during the last quarter. 95.10% of the stock is currently owned by institutional investors and hedge funds.

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.