SolarEdge Technologies (NASDAQ:SEDG) Reaches New 12-Month High – What’s Next?

SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $65.16 and last traded at $63.00, with a volume of 6785925 shares trading hands. The stock had previously closed at $56.22.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SEDG shares. The Goldman Sachs Group reaffirmed a “sell” rating and set a $31.00 price target (down from $36.00) on shares of SolarEdge Technologies in a report on Wednesday, April 15th. Susquehanna upped their price objective on shares of SolarEdge Technologies from $37.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. Wells Fargo & Company raised their target price on shares of SolarEdge Technologies from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating for the company in a report on Thursday, May 7th. Finally, Jefferies Financial Group upgraded shares of SolarEdge Technologies from an “underperform” rating to a “hold” rating and upped their price target for the company from $30.00 to $49.00 in a research note on Friday, March 20th. One investment analyst has rated the stock with a Buy rating, sixteen have issued a Hold rating and seven have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, SolarEdge Technologies has a consensus rating of “Reduce” and a consensus target price of $30.40.

SolarEdge Technologies Trading Up 12.1%

The firm has a market capitalization of $3.83 billion, a P/E ratio of -10.28 and a beta of 1.18. The company has a quick ratio of 1.36, a current ratio of 2.02 and a debt-to-equity ratio of 0.85. The firm has a 50 day moving average of $45.41 and a 200-day moving average of $38.14.

SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.20). The company had revenue of $309.90 million during the quarter, compared to analyst estimates of $305.49 million. SolarEdge Technologies had a negative net margin of 28.56% and a negative return on equity of 38.66%. SolarEdge Technologies’s revenue was up 41.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.14) earnings per share. On average, equities research analysts predict that SolarEdge Technologies, Inc. will post -1.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Chairman More Avery sold 2,566 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $38.76, for a total value of $99,458.16. Following the sale, the chairman directly owned 295,379 shares in the company, valued at approximately $11,448,890.04. This trade represents a 0.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.71% of the stock is owned by company insiders.

Institutional Investors Weigh In On SolarEdge Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Accent Capital Management LLC bought a new stake in SolarEdge Technologies during the 3rd quarter worth approximately $25,000. Hantz Financial Services Inc. lifted its holdings in shares of SolarEdge Technologies by 352.5% during the third quarter. Hantz Financial Services Inc. now owns 733 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 571 shares during the period. Whittier Trust Co. acquired a new position in shares of SolarEdge Technologies during the third quarter worth $27,000. Saranac Partners Ltd bought a new stake in shares of SolarEdge Technologies in the third quarter worth $28,000. Finally, State of Wyoming acquired a new stake in SolarEdge Technologies in the fourth quarter valued at $27,000. Institutional investors own 95.10% of the company’s stock.

About SolarEdge Technologies

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.