Investors Buy High Volume of SolarEdge Technologies Put Options (NASDAQ:SEDG)

SolarEdge Technologies, Inc. (NASDAQ:SEDG) was the target of unusually large options trading activity on Tuesday. Stock investors bought 35,891 put options on the stock. This is an increase of approximately 116% compared to the average volume of 16,614 put options.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SEDG. Morgan Stanley increased their price objective on shares of SolarEdge Technologies from $17.00 to $25.00 and gave the stock an “underweight” rating in a research note on Thursday, October 16th. The Goldman Sachs Group increased their price objective on shares of SolarEdge Technologies from $27.00 to $31.00 and gave the stock a “neutral” rating in a research note on Thursday, September 11th. Guggenheim increased their price objective on shares of SolarEdge Technologies from $5.00 to $7.00 and gave the stock a “sell” rating in a research note on Monday, August 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of SolarEdge Technologies in a research note on Wednesday, October 8th. Finally, KeyCorp upgraded shares of SolarEdge Technologies from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, July 8th. Eighteen investment analysts have rated the stock with a Hold rating and eleven have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $21.68.

SolarEdge Technologies Price Performance

NASDAQ:SEDG traded down $1.06 during trading hours on Tuesday, reaching $31.81. 2,773,648 shares of the company’s stock were exchanged, compared to its average volume of 4,615,730. The company has a market capitalization of $1.89 billion, a P/E ratio of -1.05 and a beta of 1.58. SolarEdge Technologies has a 12 month low of $10.24 and a 12 month high of $41.92. The company has a quick ratio of 1.42, a current ratio of 1.94 and a debt-to-equity ratio of 0.72. The business’s 50-day simple moving average is $35.59 and its two-hundred day simple moving average is $26.49.

SolarEdge Technologies (NASDAQ:SEDG) last issued its earnings results on Thursday, August 7th. The semiconductor company reported ($0.81) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.81). The firm had revenue of $289.43 million during the quarter, compared to analysts’ expectations of $270.03 million. SolarEdge Technologies had a negative net margin of 177.64% and a negative return on equity of 191.53%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the firm posted ($1.79) earnings per share. SolarEdge Technologies has set its Q3 2025 guidance at EPS. Sell-side analysts expect that SolarEdge Technologies will post -4.54 EPS for the current fiscal year.

Hedge Funds Weigh In On SolarEdge Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in SolarEdge Technologies by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 3,028,018 shares of the semiconductor company’s stock worth $48,993,000 after purchasing an additional 126,246 shares during the period. Ion Asset Management Ltd. lifted its position in SolarEdge Technologies by 135.9% in the 1st quarter. Ion Asset Management Ltd. now owns 2,082,497 shares of the semiconductor company’s stock worth $33,695,000 after buying an additional 1,199,801 shares in the last quarter. Menora Mivtachim Holdings LTD. lifted its position in SolarEdge Technologies by 213.4% in the 2nd quarter. Menora Mivtachim Holdings LTD. now owns 1,490,637 shares of the semiconductor company’s stock worth $30,409,000 after buying an additional 1,015,017 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in SolarEdge Technologies by 612.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,448,643 shares of the semiconductor company’s stock worth $53,600,000 after buying an additional 1,245,445 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in SolarEdge Technologies by 9.6% in the 2nd quarter. Legal & General Group Plc now owns 1,424,788 shares of the semiconductor company’s stock worth $29,066,000 after buying an additional 124,591 shares in the last quarter. Institutional investors and hedge funds own 95.10% of the company’s stock.

About SolarEdge Technologies

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.