SolarEdge Technologies (NASDAQ:SEDG) Stock Price Up 10.1% – Should You Buy?

SolarEdge Technologies, Inc. (NASDAQ:SEDG) traded up 10.1% during trading on Monday . The company traded as high as $57.75 and last traded at $57.6590. Approximately 943,696 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 3,579,522 shares. The stock had previously closed at $52.38.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SEDG shares. Glj Research reiterated a “sell” rating on shares of SolarEdge Technologies in a report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating on the stock in a research report on Thursday, May 7th. Susquehanna lifted their price target on shares of SolarEdge Technologies from $37.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. TD Cowen increased their price objective on SolarEdge Technologies from $43.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and set a $31.00 target price (down from $36.00) on shares of SolarEdge Technologies in a research report on Wednesday, April 15th. One investment analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and seven have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $35.67.

SolarEdge Technologies Price Performance

The company has a current ratio of 2.02, a quick ratio of 1.36 and a debt-to-equity ratio of 0.85. The firm’s 50-day moving average price is $56.08 and its two-hundred day moving average price is $43.96. The stock has a market cap of $3.48 billion, a PE ratio of -9.37 and a beta of 1.45.

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

Insider Activity at SolarEdge Technologies

In other news, Chairman More Avery sold 2,566 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $38.76, for a total value of $99,458.16. Following the completion of the transaction, the chairman directly owned 295,379 shares of the company’s stock, valued at approximately $11,448,890.04. The trade was a 0.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.04% of the company’s stock.

Hedge Funds Weigh In On SolarEdge Technologies

A number of large investors have recently added to or reduced their stakes in SEDG. UBS Group AG lifted its position in shares of SolarEdge Technologies by 18.5% during the fourth quarter. UBS Group AG now owns 4,210,429 shares of the semiconductor company’s stock valued at $121,471,000 after buying an additional 655,925 shares during the last quarter. Vanguard Group Inc. grew its position in shares of SolarEdge Technologies by 5.5% in the 4th quarter. Vanguard Group Inc. now owns 3,368,073 shares of the semiconductor company’s stock worth $97,169,000 after buying an additional 175,582 shares during the last quarter. Invesco Ltd. raised its stake in shares of SolarEdge Technologies by 28.6% during the 4th quarter. Invesco Ltd. now owns 2,169,822 shares of the semiconductor company’s stock worth $62,599,000 after acquiring an additional 483,052 shares in the last quarter. Menora Mivtachim Holdings LTD. lifted its position in SolarEdge Technologies by 41.1% during the third quarter. Menora Mivtachim Holdings LTD. now owns 2,103,521 shares of the semiconductor company’s stock valued at $77,830,000 after acquiring an additional 612,884 shares during the last quarter. Finally, Electron Capital Partners LLC lifted its position in SolarEdge Technologies by 107.8% during the third quarter. Electron Capital Partners LLC now owns 1,732,566 shares of the semiconductor company’s stock valued at $64,105,000 after acquiring an additional 898,802 shares during the last quarter. 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.