Jupiter Topco LLC Acquires New Stake in SolarEdge Technologies, Inc. $SEDG

Jupiter Topco LLC purchased a new stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,500 shares of the semiconductor company’s stock, valued at approximately $1,608,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Handelsbanken Fonder AB increased its position in SolarEdge Technologies by 28.6% during the fourth quarter. Handelsbanken Fonder AB now owns 846,148 shares of the semiconductor company’s stock worth $24,411,000 after buying an additional 188,086 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of SolarEdge Technologies during the second quarter worth approximately $55,514,000. Vanguard Group Inc. boosted its holdings in 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 acquiring an additional 175,582 shares during the last quarter. Bank of America Corp DE raised its holdings in SolarEdge Technologies by 218.6% in the first quarter. Bank of America Corp DE now owns 404,297 shares of the semiconductor company’s stock worth $20,639,000 after purchasing an additional 277,385 shares during the period. Finally, ING Groep NV acquired a new position in SolarEdge Technologies in the 4th quarter worth $13,848,000. 95.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. UBS Group raised SolarEdge Technologies from a “neutral” rating to a “buy” rating and raised their price objective for the company from $36.00 to $42.00 in a research report on Wednesday, August 26th. The Goldman Sachs Group lowered their target price on SolarEdge Technologies from $34.00 to $30.00 and set a “sell” rating for the company in a research report on Thursday, August 6th. Royal Bank Of Canada reduced their price objective on SolarEdge Technologies from $30.00 to $24.00 and set a “sector perform” rating for the company in a research note on Thursday, August 6th. Wells Fargo & Company initiated coverage on SolarEdge Technologies in a report on Monday, June 29th. They issued an “equal weight” rating and a $36.00 target price for the company. Finally, TD Cowen dropped their target price on SolarEdge Technologies from $85.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Two research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, SolarEdge Technologies currently has an average rating of “Reduce” and an average target price of $38.36.

SolarEdge Technologies Trading Up 1.2%

NASDAQ:SEDG opened at $34.20 on Friday. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of -7.60 and a beta of 1.44. The firm has a 50 day moving average of $41.77 and a 200 day moving average of $46.34. SolarEdge Technologies, Inc. has a 52 week low of $28.21 and a 52 week high of $81.25. The company has a quick ratio of 1.38, a current ratio of 2.03 and a debt-to-equity ratio of 0.85.

SolarEdge Technologies (NASDAQ:SEDG) last released its earnings results on Wednesday, August 5th. The semiconductor company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.07. SolarEdge Technologies had a negative return on equity of 29.17% and a negative net margin of 20.29%.The business had revenue of $346.20 million for the quarter, compared to the consensus estimate of $341.15 million. During the same quarter last year, the business posted ($0.81) earnings per share. The business’s quarterly revenue was up 19.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that SolarEdge Technologies, Inc. will post -1.23 earnings per share for the current fiscal year.

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.