SolarEdge Technologies (NASDAQ:SEDG) Stock Price Down 8.6% – Here’s What Happened

Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) dropped 8.6% during mid-day trading on Wednesday . The stock traded as low as $41.15 and last traded at $40.4780. Approximately 662,887 shares changed hands during trading, a decline of 81% from the average daily volume of 3,403,896 shares. The stock had previously closed at $44.29.

Wall Street Analysts Forecast Growth

SEDG has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price objective on SolarEdge Technologies from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, April 16th. Barclays lifted their price objective on SolarEdge Technologies from $39.00 to $41.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Raymond James Financial initiated coverage on SolarEdge Technologies in a report on Tuesday, January 13th. They set a “market perform” rating on the stock. Bank of America upgraded SolarEdge Technologies from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $17.00 to $40.00 in a report on Tuesday, March 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on SolarEdge Technologies from $33.00 to $42.00 and gave the stock a “hold” rating in a research report on Thursday, April 9th. One investment analyst has rated the stock with a Buy rating, seventeen have given a Hold rating and seven have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $29.90.

SolarEdge Technologies Trading Up 3.1%

The company has a market cap of $2.61 billion, a price-to-earnings ratio of -6.23 and a beta of 1.35. The firm has a 50-day moving average price of $42.72 and a 200 day moving average price of $37.18. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.82.

SolarEdge Technologies (NASDAQ:SEDG) last issued its earnings results on Thursday, February 26th. The semiconductor company reported ($0.14) EPS for the quarter. The firm had revenue of $333.80 million during the quarter. SolarEdge Technologies had a negative return on equity of 45.54% and a negative net margin of 34.23%. As a group, sell-side analysts forecast that SolarEdge Technologies, Inc. will post -0.94 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG grew its stake in SolarEdge Technologies by 234.8% during the 3rd quarter. UBS Group AG now owns 3,554,504 shares of the semiconductor company’s stock worth $131,517,000 after buying an additional 2,492,776 shares during the last quarter. Electron Capital Partners LLC grew its stake in 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 last quarter. Meitav Investment House Ltd. grew its stake in SolarEdge Technologies by 541.6% during the 1st quarter. Meitav Investment House Ltd. now owns 1,017,551 shares of the semiconductor company’s stock worth $51,946,000 after buying an additional 858,954 shares during the last quarter. ION Fund Management Ltd bought a new position in SolarEdge Technologies during the 4th quarter worth $22,965,000. Finally, PGGM Investments bought a new position in SolarEdge Technologies during the 3rd quarter worth $24,438,000. 95.10% of the stock is currently 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.