Man Group plc Makes New Investment in SolarEdge Technologies, Inc. $SEDG

Man Group plc purchased a new stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 111,918 shares of the semiconductor company’s stock, valued at approximately $6,540,000.

A number of other hedge funds have also recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its holdings in shares of SolarEdge Technologies by 8.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 997,962 shares of the semiconductor company’s stock valued at $16,147,000 after acquiring an additional 79,461 shares during the last quarter. First Trust Advisors LP lifted its stake in SolarEdge Technologies by 2.8% during the second quarter. First Trust Advisors LP now owns 560,585 shares of the semiconductor company’s stock worth $11,436,000 after purchasing an additional 15,333 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in SolarEdge Technologies by 4.6% in the second quarter. The Manufacturers Life Insurance Company now owns 16,023 shares of the semiconductor company’s stock worth $327,000 after purchasing an additional 700 shares during the period. Bayesian Capital Management LP bought a new stake in SolarEdge Technologies during the second quarter valued at $206,000. Finally, Canada Pension Plan Investment Board bought a new stake in SolarEdge Technologies during the second quarter valued at $35,000. Institutional investors and hedge funds own 95.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SEDG shares. Weiss Ratings upgraded shares of SolarEdge Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 21st. Royal Bank Of Canada lowered their target price on SolarEdge Technologies from $30.00 to $24.00 and set a “sector perform” rating for the company in a report on Thursday, August 6th. Wells Fargo & Company assumed coverage on SolarEdge Technologies in a research report on Monday, June 29th. They set an “equal weight” rating and a $36.00 price target on the stock. Susquehanna cut their price target on SolarEdge Technologies from $56.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Finally, Glj Research restated a “sell” rating on shares of SolarEdge Technologies in a research report on Thursday, June 11th. Two analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $38.36.

SolarEdge Technologies Trading Down 6.3%

SolarEdge Technologies stock opened at $31.41 on Friday. The firm has a 50 day simple moving average of $43.70 and a 200-day simple moving average of $46.44. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.03 and a quick ratio of 1.38. The stock has a market capitalization of $1.93 billion, a PE ratio of -6.98 and a beta of 1.49. SolarEdge Technologies, Inc. has a 12-month low of $28.21 and a 12-month high of $81.25.

SolarEdge Technologies (NASDAQ:SEDG) last released its earnings results on Wednesday, August 5th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $346.20 million for the quarter, compared to analyst estimates of $341.15 million. During the same period in the previous year, the company earned ($0.81) earnings per share. SolarEdge Technologies’s revenue was up 19.6% compared to the same quarter last year. As a group, equities research analysts expect that SolarEdge Technologies, Inc. will post -1.23 EPS 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.